✨ Financial Performance Report




2690 NEW ZEALAND GAZETTE No. 113

WAITAKI POWER LIMITED

DISCLOSURE OF FINANCIAL AND EFFICIENCY PERFORMANCE MEASURES

YEAR ENDED 31 MARCH 1999

1999 1998 1997 1996
1. Financial Performance Measures
Accounting return on total assets -
Before discount - 4.52% 4.38% 3.88%
After discount 2.06% 3.60% 2.49% 1.49%
Accounting return of equity -
Before discount - 3.54% 3.45% 2.51%
After discount 1.72% 2.92% 2.19% 0.91%
Accounting rate of profit -
Before discount - 3.59% 2.12% 3.74%
After discount 3.43% 2.68% 0.87% 1.35%
Accounting return on funds -
Before discount 2.93% - - -
After discount 2.11% - - -
Accounting return on Investments -
Before discount - - - -
After discount 1.77% - - -

| 2. Efficiency Performance Measures | | | | |
| Direct line costs per kilometer | $525.45 | $601.82 | $633.11 | $834.88 |
| Indirect line costs per customer | $39.54 | $69.62 | $81.59 | $88.68 |

| 3. Energy Delivered Efficiency Performance Measures | | | | |
| Load factor % | 65.37 | 62.78 | 56.29 | 58.00 |
| Loss factor % | 5.81 | 6.00 | 6.00 | 6.40 |
| Loss ratio % | - | - | - | - |
| Capacity utilisation % | 26.46 | 27.06 | 29.39 | 30.00 |

| 4. Optimised Deprival Valuation | $40,068,559 | $40,608,575 | $43,207,488 | $42,909,283 |

| 5. Network Statistics | | | | |
| System Length (km) | | | | |
| 33kV | 138.119 | 138.121 | 138.121 | 138.163 |
| 11kV | 1530.012 | 1,528.884| 1,517.869| 1,508.409|
| 400V | 217.090 | 216.970 | 216.704 | 215.807 |
| Total | 1,885.221| 1,883.775| 1,872.694| 1,862.379|
| Overhead Circuit Length (km) | | | | |
| 33kV | 137.842 | 137.844 | 137.844 | 137.885 |
| 11kV | 1,510.610| 1,509.252| 1,498.361| 1,491.022|
| 400V | 187.572 | 187.472 | 187.726 | 187.446 |
| Total | 1,836.024| 1,834.568| 1,823.931| 1,816.353|
| Underground Circuit Length (km) | | | | |
| 33kV | 0.277 | 0.277 | 0.277 | 0.278 |
| 11kV | 19.402 | 19.432 | 19.508 | 17.387 |
| 400V | 29.518 | 29.498 | 28.978 | 28.361 |
| Total | 49.197 | 49.207 | 48.763 | 46.026 |
| Transformer Capacity (kVA) | | | | |
| 33kV | 117,303 | 113,385 | 112,522 | 110,467 |
| 11kV | 125 | 150 | 150 | 25 |
| 400V | 117,428 | 113,535 | 112,672 | 110,492 |
| Total | - | - | - | - |
| Maximum Demand (kW) | 31,072 | 30,728 | 33,112 | 33,141 |
| Total Electricity Supplied (kWh) | 177,930,129| 168,982,164| 163,278,033| 158,500,435|
| Total Electricity Conveyed for Others (kWh)| 167,588,545| 1,780,956| 507,715 | 383,200 |
| Total Customers (connection points) | 11,856 | 11,881 | 12,205 | 11,782 |



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🏭 Waitaki Power Limited Financial and Efficiency Performance Measures (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Efficiency Measures, Energy Delivered, Optimised Deprival Valuation, Network Statistics, System Length, Transformer Capacity, Maximum Demand, Electricity Supplied, Electricity Conveyed, Customers