New Zealand Gazette – 2000 – No. 114

Page 2874

✨ Financial and Efficiency Performance Measures



2874 NEW ZEALAND GAZETTE No. 114

WESTPOWER LIMITED - LINES BUSINESS

PERFORMANCE MEASURES

Disclosure of financial performance measures and efficiency performance measures under Regulation 15 of the Electricity (Information Disclosure) Regulations 1999 as amended.

2000 1999 1998 1997
1 Financial performance measures
(a) Return on funds 4.64% 8.46% 8.54% 4.90%
(b) Return on equity 2.22% 7.94% 6.94% 4.39%
(c) Return on investment 3.19% 51.83% 7.77% 4.32%

2 Efficiency performance measures:
(a) Direct lines costs per kilometre $ 1,185.66 $ 1,737.14 $ 1,976.32 $ 2,404.54
Direct Expenditure * 2,277,659 3,328,367 3,729,316 4,385,875
System Length ** 1,921 1,916 1,887 1,824
  • Direct expenditure has reduced significantly this year as renewals expenditure is no longer included in maintenance costs. Refer to the Statement of Accounting Policies for details.

** System Length restated for previous years based on circuit length rather than route length
(b) Indirect lines costs per electricity customer * $ 165.36 $ 76.42 $ 106.39 $ 148.62
Indirect Expenditure 1,939,469 937,475 1,272,891 1,780,329
Total consumers ** 11,729 11,954 11,964 11,979
  • Indirect expenditure for 2000 includes $1,266,000 of unusual expenses. If these were removed the Indirect lines cost per customer would be $57.36.

** Number of consumers based on ICP connections

Disclosure of energy delivery efficiency performance measures under regulation 21 of the Electricity (Information Disclosure) Regulations 1999 as amended by the Electricity (Information Disclosure) Amendment Regulations 2000.

1 Energy Delivery efficiency performance measures:
(a) Load factor (a/bc100) 66% 68% 66% 66%
a = kWh of electricity entering system 196,242,063 201,971,261 202,292,402 212,086,433
b = Maximum demand 34,174 33,906 34,989 36,683
c= Total number of hours in year 8,760 8,760 8,760 8,760
(b) Loss ratio (=a/b*100) 6% 6% 7% 7%
a = losses in electricity in kWh 10,808,165 11,761,856 14,160,468 15,070,290
b = kWh of electricity entering system 196,242,063 201,971,261 202,292,402 212,086,433
(c) Capacity utilisation (=a/b*100) 34% 35% 37% 39%
a = Maximum demand 34,174 33,906 34,989 36,683
b = Transformer Capacity 99,705 97,483 93,927 93,925


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 114


Gazette.govt.nz — PDF NZ Gazette 2000, No 114




✨ LLM interpretation of page content

🏭 Westpower Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Balance Sheet, Assets, Liabilities, Westpower Limited