New Zealand Gazette – 1999 – No. 17

Page 388

✨ Financial Performance Report

388 NEW ZEALAND GAZETTE No. 17

NELSON ELECTRICITY LIMITED

Disclosure of financial and efficiency performance measures pursuant to Regulation 13 and Part II of the First Schedule of the Electricity (Information Disclosure) Regulations 1994.

The financial measures pursuant to Regulation 13 and Part II of the First Schedule of the Electricity (Information Disclosure) Regulations 1994 have been derived from Nelson Electricity Limited accounts.

FINANCIAL PERFORMANCE MEASURES

	1998	1997	1996	1995
Accounting Return on	8.39%	9.36%	10.63%	8.60%
Total Assets
Accounting Return on	5.50%	6.20%	7.27%	5.80%
Equity
Accounting Rate of Profit	34.15%	8.38%	9.32%	5.80%

These financial performance measures were based on the adjusted line business financial statements, which incorporate the adjustments necessary to reflect the fixed assets at ODV. The ODV valuation was undertaken by Catherall Taylor and Associates.

Financial performance measures restated excluding ODV revaluation

| Accounting Return on Total Assets | 9.43% |
| Accounting Return on Equity | 6.27% |
| Accounting Rate of Profit | 9.02% |

EFFICIENCY PERFORMANCE MEASURES

Citipower Limited leased the distribution system owned by Nelson Electricity Limited for the period under review. All information relating to efficiency performance has been provided by Citipower Limited. Enquiries for further information in respect of these should be directed to Citipower Limited.

Efficiency Performance Measures	1998	1997	1996	1995
Direct costs per km	$1,594	$4,386	$5,318	$7,370
Indirect costs per customer	$45	$413	$435	$381

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VUW Te Waharoa — NZ Gazette 1999, No 17

NZLII — NZ Gazette 1999, No 17

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✨ LLM interpretation of page content

🏭 Financial Position Statement for Nelson Electricity Limited (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Statements, Accounting Policies, Nelson Electricity Limited, Nelson City Council, Citipower Limited

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