✨ Financial Performance Measures
4536 NEW ZEALAND GAZETTE No. 190
STATEMENT OF PERFORMANCE MEASURES
FOR THE YEAR ENDED 30 JUNE 1999
| LINES BUSINESS 1999 | GROUP 1998 | GROUP 1997 | GROUP 1996 | GROUP 1995 | |
|---|---|---|---|---|---|
| Financial Measures | |||||
| Return on Equity | 13.4% | -30.0% | 6.9% | 7.4% | 6.9% |
| Return on Assets | 11.2% | -7.9% | 8.1% | 8.9% | 8.2% |
| Return on Investment | 7.3% | -11.3% | 5.3% | 7.2% | 8.0% |
Transpower has excluded from EBIT the change in revaluation reserve. In 1998 the Accounting Return on Equity and on Assets included the movement in the revaluation reserve. Including the devaluation of $14.1 million alters the ROA to 10.6 and the ROE to 11.7.
Efficiency Measures
Direct line costs per kilometre, which shall be calculated in accordance with the following formula:
| a | 85,580,584 | 120,954,000 | 122,388,000 | 116,444,000 | 119,878,000 |
| b | 17,640 | 17,640 | 17,693 | 17,739 | 17,626 |
a is direct expenditure (in dollars); and $4,852 $6,857 $6,917 $6,564 $6,801
b is system length (in kilometres);
Direct line costs per kilometre
Transpower has altered it's calculation of direct costs in 1999 to exclude security product costs.
Including the Security product costs gives an efficiency measure of $6,634.
Comparative figures have not been restated in accordance with the Electricity
(Lines Disclosure) Regulations 1999.
In 1994 the infrastructure asset service potential adjustment determined in respect
of transmission lines was included within the definition of direct expenditure and
in 1995 system length was incorrectly defined. System length is now correctly reported
as the average total circuit length of electric lines which form part of the system including
the HVDC cables. Direct leases and rental costs are now also correctly reported.
The direct line costs per kilometre previously reported was $9,521.
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VUW Te Waharoa —
NZ Gazette 1999, No 190
NZLII —
NZ Gazette 1999, No 190
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Transpower New Zealand Limited Financial Performance Measures
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🏭 Trade, Customs & IndustryFinancial Measures, Efficiency Measures, Return on Equity, Return on Assets, Return on Investment, Direct Line Costs, Transpower