✨ Financial Performance Report
4082
NEW ZEALAND GAZETTE
No. 159
Natural Gas Corporation – Gas Distribution Activities
Statement of Performance Measures
For the year ended 30 June 2000
For the purposes of the Gas (Information Disclosure) Regulations 1997
| 2000 NGC/ AGLNZE | 1999 NGC Only | 1998 NGC Only | 1997 NGC Only | |
|---|---|---|---|---|
| 1. Financial Performance Measures | ||||
| a) Accounting Return on Total Assets | 14.44% | 15.35% | 10.14% | 10.3% |
| Accounting Return on Equity | 39.24% | 12.00% | 8.42% | 8.6% |
| Accounting Rate of Profit | 17.83% | 10.95% | 7.62% | 6.7% |
| b) The accounting rate of profit for 2000 includes a revaluation increase of $9.9 million in respect of the NGC network. Excluding this amount, the accounting rate of profit would be reduced from 17.83% to 11.68%. | ||||
| c) The above ratios are calculated inclusive of abnormal items which amounted to $2.8 million (net of tax (1999: $2.6 million). In addition, they are calculated after adding back to earnings, the amortisation of identifiable intangible asset (pre-tax $1.2 million), and ODV write-downs through earnings of AGL NZE (pre-tax $4.0 million), and after deducting from funds employed and shareholders funds the value of the identifiable intangible asset of AGL NZE ($51 million). | ||||
| d) Measures Adjusted to exclude abnormal items (see Notes 2 and 3 to the financial statements) | ||||
| Accounting Return on Total Assets | 11.91% | 11.43% | 10.14% | 10.3% |
| Accounting Return on Equity | 33.08% | 9.07% | 8.42% | 8.6% |
| Accounting Rate of Profit | 15.22% | 7.03% | 7.62% | 6.7% |
| e) Measures Adjusted to exclude abnormal items and earnings adjustments described above | ||||
| Accounting Return on Total Assets | 6.66% | 11.43% | 10.14% | 10.3% |
| Accounting Return on Equity | 10.10% | 9.07% | 8.42% | 8.6% |
| Accounting Rate of Profit | 9.04% | 7.03% | 7.62% | 6.7% |
| 2. Efficiency Performance Measures | ||||
| Direct Line Costs per Kilometre | $2,079 | $1,854 | $1,731 | $1,444 |
| Indirect Line Costs per Gas Customer | $30 | $65 | $90 | $132 |
LexisNexis
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 159
Gazette.govt.nz —
NZ Gazette 2000, No 159
✨ LLM interpretation of page content
💰 Natural Gas Corporation Performance Measures
💰 Finance & RevenueFinancial Performance, Gas Distribution, Accounting Ratios, Efficiency Measures