New Zealand Gazette – 2000 – No. 97

Page 2437

✨ Financial Performance Measures



21 AUGUST NEW ZEALAND GAZETTE 2437

HORIZON ENERGY DISTRIBUTION LIMITED

Performance Measures for the purposes of the Electricity (Information Disclosure Regulations 1999 and the Electricity (Information Disclosure) Amendment Regulations 2000

Performance Measures

for the 12 Months ended 31 March 2000

Disclosure of Financial Performance Measures and Efficiency Performance Measures pursuant to Regulations 15, 21 and 22 of the Electricity (Information Disclosure) Regulations 1999 as amended by the Electricity (Information Disclosure) Amendment Regulations 2000.

Regulation 15 - Financial Performance Measures and Efficiency Performance Measures :

2000 1999 1998 1997
1) Financial Performance Measures
(a) Return on Funds 13.76% ① 11.02% ② 7.51% ③ 6.50% ③
(b) Return on Equity 7.80% ① 6.09% ② 5.21% ④ 3.72% ④
(c) Return on Investment 9.29% ① 7.37% ② 5.39% ⑤⑥ 4.40% ⑤⑥

① The 2000 Financial Performance Measures are based on the 2000 Amendment Regulations and MOC Derivation Table included in these statements.

② The 1999 Financial Performance Measures are based on the 1999 Regulations and 1999 MOC Derivation Table.

③ Comparative figures for 1998 and earlier were calculated as "Accounting Return on Total Assets".

④ Comparative figures for 1998 and earlier were calculated as "Accounting Return on Equity".

⑤ Comparative figures for 1998 and earlier were calculated as "Accounting Rate of Profit".

⑥ The objective of the measure "Accounting Rate of Profit" was to calculate the increase in the shareholder equity generated by the line business. The formula detailed in the first schedule of the Electricity (Information Disclosure) Regulations 1994 includes any revaluation as "profit". The increase in the reported ODV has been excluded from the calculation of the measure as there has been no increase in shareholder equity from the movement in the reported ODV. Any changes to the asset lives assumption in the ODV represent a change in the basis of the calculation rather than a change in valuation.

  1. Efficiency Performance Measures
2000 1999 1998 1997
(a) Direct line costs per kilometre $1,176 $1,925 $2,180 $1,550
(b) Indirect Line costs per Customer as prescribed $88 $88 $256 $267


Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 97


Gazette.govt.nz — PDF NZ Gazette 2000, No 97




✨ LLM interpretation of page content

🏭 Financial Statements for Horizon Energy Distribution Limited (continued from previous page)

🏭 Trade, Customs & Industry
27 July 2000
Electricity, Financial Statements, Audit, Accounting Policies, Disclosure