New Zealand Gazette – 2000 – No. 162

Page 4219

✨ Financial Performance Measures



4 DECEMBER
NEW ZEALAND GAZETTE
4219

STATEMENT OF PERFORMANCE MEASURES
FOR THE YEAR ENDED 30 JUNE 2000

LINES LINES GROUP GROUP GROUP GROUP
BUSINESS BUSINESS 1998 1997 1996 1995
2000 1999

Financial Measures

Return on Equity 11.8% 13.4% -30.0% 6.9% 7.4% 6.9%
Return on Assets 10.7% 11.2% -7.9% 8.1% 8.9% 8.2%
Return on Investment 10.1% 7.3% -11.3% 5.3% 7.2% 8.0%

Efficiency Measures

Direct line costs per kilometre, which shall be calculated in accordance with the following formula:

a
—
b

a  is direct expenditure (in dollars); and
b  is system length (in kilometres);

89,839,000   85,580,584   120,954,000   122,388,000   116,444,000   119,878,000
17,542       17,640       17,640        17,693        17,739        17,626
$5,121       $4,852       $6,857        $6,917        $6,564        $6,801

Direct line costs per kilometre

Transpower altered its calculation of direct costs in 1999 to exclude Security Product Costs. Including the Security Product Costs gives an efficiency measure of $6.634.

From the year end 30/06/99 the Electricity (Information Disclosures) Regulations 1999 required that only the lines portion of the business was disclosed. The regulations did not required that comparatives be restated and as such have not been.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 162


Gazette.govt.nz — PDF NZ Gazette 2000, No 162




✨ LLM interpretation of page content

🏭 Transpower New Zealand Limited Performance Measures (continued from previous page)

🏭 Trade, Customs & Industry
Financial Measures, Return on Equity, Return on Assets, Return on Investment, Efficiency Measures, Direct Line Costs, Electricity (Information Disclosures) Regulations 1999