✨ Financial Efficiency Performance Measures
14 SEPTEMBER NEW ZEALAND GAZETTE 2857
FINANCIAL EFFICIENCY PERFORMANCE MEASURES (REGULATION 15)
1999 1998 1997 1996
FINANCIAL MEASURES
For Detail Required by Schedule 1 Part 7 see following page.
(A) Return on Funds:
Being earnings before interest and tax (as adjusted), divided by average total funds employed (as adjusted). 15.2% 13.1% 14.0% 13.6%
(B) Return on Equity:
Being net profit after tax (as adjusted), divided by average total shareholder’s funds (as adjusted). 9.1% 7.7% 8.2% 7.6%
(C) Return on Investment:
As restated - see Note 2. 9.1% 8.9% 14.1%¹ 6.1%¹
9.1% 8.9% 8.6%*² 6.1%
*¹ In order to provide users of these statements with consistency in performance measures, the ARP has been restated to include the tax effect of subvention payments in the cash tax paid figure.
*² The ODV increased in the 1997 year due to the lives of certain assets being extended. This movement in reported ODV does not reflect an increase in economic value, rather a change in the basis of calculation. If the ARP had been restated to exclude this portion of the revaluation, it would have been 8.6%.
EFFICIENCY PERFORMANCE MEASURES
(A) Direct Line Costs per Kilometre:
Being direct expenditure divided by system length (in kilometres) $3,314 $3,083 $2,996 $3,035
Transpower NZ Ltd's charges have been excluded
(B) Indirect Line Costs per Electricity Customer:
Being indirect expenditure divided by total customers $21.08 $23.76 $19.31 $20.89
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VUW Te Waharoa —
NZ Gazette 1999, No 120
NZLII —
NZ Gazette 1999, No 120
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💰 Financial Efficiency Performance Measures for Electricity
💰 Finance & RevenueFinancial Measures, Efficiency Measures, Electricity, Regulation 15