New Zealand Gazette – 2001 – No. 107

Page 2751

✨ Financial Statements and Performance Measures



Notes to and Forming Part of the Financial Statements

For the Seven Months Ending 31 March 2001

6 Proforma Combined Net Profit After Tax

for the 12 months ended 31 March 2001

Line 2001 12 mths
$'000
Net operating revenue 123,803
Direct Operating Costs 44,999
Indirect Operating Costs (including non-recurring costs of $7.980 million) 18,873
Total operating expenses 63,832
Operating surplus before interest, depreciation and taxation 59,971
Depreciation 17,480
Interest 9,523
Operating surplus before taxation 32,968
Income tax 11,911
Net profit after tax 21,077

7 TAXATION

Taxation for the year ended 31 March 2001

Line 2001 7 mths
$'000
Operating surplus before taxation 13,841
Prima facie taxation @ 33% 4,568
Plus/(less) tax effect of permanent timing differences 1,218
Taxation expense 5,786

8 DISCLOSURE OF PERFORMANCE MEASURES PURSUANT TO REGULATION 15(2) AND PART III OF THE FIRST SCHEDULE OF THE ELECTRICITY (INFORMATION DISCLOSURE) REGULATIONS 2000

Financial Performance Measures

Line 2001 Line 2000 Line 1999 Line 1998
(i) Return on Funds 10.43% 10.77% 9.92% 10.83%
(ii) Return on Equity 6.58% 14.55% 8.28% 7.85%
(iii) Return on Investment including revaluation 4.04% 10.66% 6.21% 21.50%
(iv) Return on Investment excluding revaluation 6.70% 7.64% 6.21% 8.39%

Efficiency Performance Measures

Line 2001 Line 2000 Line 1999 Line 1998
(v) Direct Line Cost per Kilometre $1,152.23 $1,049.72 $752.98 $873.26
(vi) Indirect Line Cost per Electricity Customer (including non-recurring costs) $120.12 $81.98 $71.71 $92.02
(vii) Indirect Line Cost per Electricity Customer (excluding non-recurring costs) $69.34 - - -


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 107


Gazette.govt.nz — PDF NZ Gazette 2001, No 107




✨ LLM interpretation of page content

🏭 Powerco Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Proforma Combined Net Profit After Tax, Taxation, Performance Measures, Electricity (Information Disclosure) Regulations 2000