New Zealand Gazette – 2000 – No. 146

Page 3809

✨ Financial Statements



27 OCTOBER NEW ZEALAND GAZETTE

  • 14 -

Eastland Network Limited

Notes to the financial statements (continued)

For the year ended 31 March 2000

23 Subsequent Events

On 20 June 2000 the Directors announced an agreement with Horizon Energy Distribution Limited to form a joint venture company to manage the electricity networks of both companies. Ownership of the network assets will remain unchanged. The venture will provide significant cost savings to Eastland Network Limited.

Financial and efficiency performance measures under Regulation 15 of the Electricity (Information Disclosure) Regulations 1999

2000 1999 1998 1997
1) Financial performance measures
a) Return on funds 9.40 1.30 5.76 7.63
b) Return on Equity 8.00 1.01 4.53 8.15
c) Return on Investment -11.40 0.95 90.99 7.03

| 2) Efficiency performance measures | | | | |
| a) Direct line costs per Kilometre | $1,300| $1,471| $1,327| $1,429|
| b) Indirect line costs per electricity consumer | $72 | $94 | $112 | $117 |

Delivery efficiency performance measures under Regulation of the Electricity (Information Disclosure) Regulations 1999

2000 1999 1998 1997
1. Load factor 57% 59% 59% 58%
2. Loss ratio 6.2% 7.3% 7.3% 7.1%
3. Capacity utilisation 28.5% 26.5% 26.9% 27.8%


Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 146


Gazette.govt.nz — PDF NZ Gazette 2000, No 146




✨ LLM interpretation of page content

🏭 Notes to the financial statements by Eastland Network Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Subsequent events, Joint venture, Financial performance, Efficiency performance, Delivery efficiency, Eastland Network Limited, Horizon Energy Distribution Limited