New Zealand Gazette – 2000 – No. 102

Page 2550

✨ Electricity Financial Performance

2550
NEW ZEALAND GAZETTE
No. 102

Counties Power Limited – Line Business
1 April 1999 to 31 March 2000

Financial Performance Measures

(a) Return on funds, being operating surplus before interest and income tax (as adjusted), divided by average total funds employed (as adjusted).
(b) Return on equity, being net surplus after tax (as adjusted), divided by average total equity (as adjusted)
(c) Return on investment

2000 1999 1998 1997

9.4% 7.3% 4.1% 2.2%

6.5% 6.1% 3.0% 1.8%

6.2% 5.9% 18.5% 1.2%
Efficiency Performance Measures

(a) Direct line costs per kilometre
(b) Indirect line cost per consumer (excluding customer discounts as an indirect cost)
(c) Indirect line cost per consumer (including customer discounts as an indirect cost)

2000 1999 1998 1997

$1,249 $934 $1,218 $1,176

$79 $83 $84 $79

$156 $165 $162 $161

From 31 March 1999 financial and efficiency performance measures have been prepared in accordance with the requirements of the Electricity (Information Disclosure) Regulations 1999. These regulations were amended effective 31 March 2000. Figures for previous years were prepared in accordance with the requirements of the Electricity (Information Disclosure) Regulations 1994. The methods of calculation specified in the 1994, 1999 and amended 1999 regulations are not identical, and consequently figures using the different methodologies are not directly comparable.

Indirect line cost per consumer has been calculated using estimated average consumer numbers. The methodology used to calculate this estimate is publicly available.

Annual Valuation Reconciliation Report – Year Ending 31 March 2000

$000

System fixed assets at ODV – end of the previous financial year 74,871
Add system fixed assets acquired during the year at ODV 6,627
Less system fixed assets disposed of during the year at ODV (2,197)
Add revaluations of system fixed assets -
Equals system fixed assets at ODV – end of the financial year 79,301

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