✨ Financial Statements
2988 NEW ZEALAND GAZETTE No. 115
Notes to the financial statements (continued)
For the year ended 31 March 2001
22) Transactions with related parties
(a) The Company is 100% owned by Eastland Energy Community Trust.
Other than the distributions shown in the statement of movements in equity there have been no significant transactions with related parties.
(b) Port of Gisborne
One of the Directors is also a director of Port of Gisborne Limited.
Eastland Network Ltd leases land from Port of Gisborne Limited for a substation. Lease payments are $280 per annum.
23) Financial and efficiency performance measures under Regulation 15 of the Electricity (Information Disclosure) Regulations 1999
| 2001 | 2000 | 1999 | 1998 | |
|---|---|---|---|---|
| 1) Financial performance measures | ||||
| a) Return on funds | 11.3 | 9.40 | 1.30 | 5.76 |
| b) Return on Equity | 11.2 | 8.00 | 1.01 | 4.53 |
| c) Return on Investment | -2.6 | -11.40 | 0.95 | 90.99 |
| 2) Efficiency performance measures |
| a) Direct line costs per Kilometre |
| | $1,837| $1,300| $1,471| $1,327|
| b) Indirect line costs per electricity consumer |
| | $52 | $72 | $94 | $112 |
24) Delivery efficiency performance measures under Regulation of the Electricity (Information Disclosure) Regulations 1999
| 2001 | 2000 | 1999 | 1998 | |
|---|---|---|---|---|
| 1. Load factor | 58% | 57% | 59% | 59% |
| 2. Loss ratio | 8.51% | 6.2% | 7.3% | 7.3% |
| 3. Capacity utilisation | 27.1% | 28.5% | 26.5% | 26.9% |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 115
Gazette.govt.nz —
NZ Gazette 2001, No 115
✨ LLM interpretation of page content
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Notes to the financial statements
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Related Parties, Transactions, Financial Performance, Efficiency Performance, Delivery Efficiency