✨ Financial Disclosures
29 AUGUST
NEW ZEALAND GAZETTE
2777
7 Proforma Combined Net profit After Tax
for the 12 months ended 31 March 2001
| Line 2001 | 12 mths $000 | |
|---|---|---|
| Net operating revenue | 7,439 | |
| Direct Operating Costs | 1,190 | |
| Indirect Operating Costs | 1,482 | |
| Total operating expenses | 2,672 | |
| Operating surplus before interest, depreciation and tax | 4,767 | |
| Depreciation | 1,156 | |
| Interest | 1,014 | |
| Income tax | 857 | |
| Net profit after tax | 1,740 |
8 DISCLOSURE OF PERFORMANCE MEASURES PURSUANT TO REGULATION 15 AND PART II OF THE FIRST SCHEDULE OF THE GAS (INFORMATION DISCLOSURE) REGULATIONS 1997
Financial Performance Measures
| Gas 2001 | 2000 | 1999 | 1998 | |
|---|---|---|---|---|
| (i) Accounting Return on Total Assets | 8.28% | 9.74% | 13.56% | 15.18% |
| (ii) Accounting Return on Equity | 7.17% | 7.87% | 13.41% | 10.40% |
| (iii) Accounting Rate of Profit including revaluation | 5.40% | 21.65% | 8.95% | 11.63% |
| (iv) Accounting Rate of Profit excluding revaluation | 5.40% | 7.21% | 8.95% | 11.63% |
Efficiency Performance Measures
| Gas 2001 | 2000 | 1999 | 1998 | |
|---|---|---|---|---|
| (v) Direct Line Cost per Kilometre | $1,632.68 | $1,159.84 | $2,153.56 | $1,742.75 |
| (vi) Indirect Line Cost per Gas Customer | $72.26 | $56.54 | $9.44 | $32.45 |
9 CALCULATION OF RATIOS
The calculation of the ratios disclosed in note 8 is based on the 12 month actual results of the amalgamated companies Powerco Limited and Centralpower Limited as disclosed in the proforma results in note 7. The balance sheet denominator used in the calculation is based on the weighted average of the balance sheet since the amalgamation on 1 September 2000.
The ratios disclosed for the previous 3 years relate to the gas operations of the predecessor company Powerco Limited. The amalgamation did not result in any change to the predecessor gas line or customer base.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 108
Gazette.govt.nz —
NZ Gazette 2001, No 108
✨ LLM interpretation of page content
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Powerco Limited Gas Information Disclosure
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🏭 Trade, Customs & IndustryFinancial Statements, Property, Plant and Equipment, Gas Information Disclosure, Powerco Limited, Companies Act 1993, Energy Companies Act 1992, Financial Reporting Act 1993, Gas (Information Disclosure) Regulations 1997