New Zealand Gazette – 1999 – No. 144

Page 3456

✨ Electricity Performance Measures



3456 NEW ZEALAND GAZETTE No. 144

BAY OF PLENTY ELECTRICITY LIMITED

Performance Measures for the purposes of the Electricity (Information Disclosure) Regulations 1999

Performance Measures

for the 12 Months ended 31 March 1999

Disclosure of Financial Performance Measures and Efficiency Performance Measures pursuant to Regulations 15, 21 and 22 of the Electricity (Information Disclosure) Regulations 1999.

Regulation 15 - Financial Performance Measures and Efficiency Performance Measures :

1999 1998 1997 1996
1) Financial Performance Measures
(a) Return on Funds 11.02% 7.51% (1) 6.50% (1) 5.43% (1)
(b) Return on Equity 6.09% 5.21% (2) 3.72% (2) 3.63% (2)
(c) Return on Investment 7.37% 5.39% (3) 4.40% (3) 4.02% (3)
  1. Comparative figures for 1998 and earlier were calculated as "Accounting Return on Total Assets"
  2. Comparative figures for 1998 and earlier were calculated as "Accounting Return on Equity"
  3. Comparative figures for 1998 and earlier were calculated as "Accounting Rate of Profit"

The objective of the measure "Accounting Rate of Profit" is to calculate the increase in the shareholder equity generated by the line business. The formula detailed in the first schedule of the Electricity (Information Disclosure) Regulations 1994 includes any revaluation as "profit". The increase in the reported ODV has been excluded from the calculation of the measure as there has been no increase in shareholder equity from the movement in the reported ODV. Any changes to the asset lives assumption in the ODV represent a change in the basis of the calculation rather than a change in valuation.

2) Efficiency Performance Measures
(a) Direct line costs per kilometre $1,925 $2,180 $1,550 $1,837
(b) Indirect Line costs per Customer as prescribed $88 $256 $267 $288


Next Page →

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1999, No 144


NZLII — PDF NZ Gazette 1999, No 144




✨ LLM interpretation of page content

🏭 Performance Measures for Bay of Plenty Electricity Limited (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Performance, Performance Measures, Electricity (Information Disclosure) Regulations 1999