New Zealand Gazette – 1999 – No. 126

Page 3028

✨ Financial and Efficiency Performance Measures



NEW ZEALAND GAZETTE

No. 126

DISCLOSURE OF FINANCIAL AND EFFICIENCY PERFORMANCE MEASURES AS REQUIRED BY REGULATIONS 15, 16, 21, AND 22 OF THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 1999.

Regulation 15

  1. Financial Performance Measures
    (Calculations INCLUDE the effects of the customer rebate)
1999 1998 1997 1996
(a) Accounting return on total assets:
Return on Funds 1.1% 2.7% 0.2% 0.1%
(b) Accounting return on equity:
Return on Equity (0.9%) 1.3% (1.5%) (1.2%)
(c) Accounting rate of profit:
(includes revaluation)
Return on Investment (0.7%) 33.5% (0.5%) (1.1%)

Pre Rebate Comparisons

In order to provide a consistent comparison with the sector, the performance measures above are restated below after adding back the impact of the customer rebates.

1999 1998 1997 1996
(a) Accounting return on total assets:
Return on Funds 3.6% 4.3% 2.4% 2.3%
(b) Accounting return on equity:
Return on Equity 1.0% 2.9% 0.8% 1.0%
(c) Accounting rate of profit:
(includes revaluation)
Return on Investment 1.0% 35.3% 1.8% 1.1%

ODV Revaluation

A comparison of the Accounting Rate of Profit performance measure for 1998 without the effects of the Optimised Deprival Valuation adjustment is 2.2% with rebate included and 3.8% excluded.

  1. Efficiency Performance Measures
1999 1998 1997 1996
(a) Direct line costs per kilometre: $1,034/km $1,241/km $1,476/km $1,204/km
(b) Indirect line costs per electricity customer: $91/customer $48/customer $43/customer $33/customer

Because of the regulations defining in more detail direct and indirect lines cost, 1999 is not directly comparable with earlier years.

Regulation 21

  1. Energy Delivery Efficiency Performance Measures
1999 1998 1997 1996
(a) Load Factor 59.0% 56.8% 54.9% 53.0%
(b) Loss Ratio 6.1% 7.3% 7.1% 6.9%
(c) Capacity Utilisation 27.1% 28.8% 26.6% 26.3%


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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Electricity Ashburton Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Deferred Shares, Customer Discounts, Post Balance Date Events, Reconciliation of Net Cash Flows, Operating Surplus, Depreciation, Deferred Taxation, Working Capital, GST, Electricity Ashburton Limited

🏭 Disclosure of Financial and Efficiency Performance Measures for Electricity Ashburton Limited

🏭 Trade, Customs & Industry
Financial Performance Measures, Efficiency Performance Measures, Electricity Ashburton Limited, Regulation 15, Regulation 21