Financial Statements




2400

NEW ZEALAND GAZETTE

No. 93

Alpine Energy Limited (Lines)
Financial Statements Prepared in Accordance with the Electricity (Information Disclosure) Regulations

Financial Performance Measures - 31 March 2001

2001 2000 1999 1998
Accounting return on funds 13.8% 9.4% 9.9% 7.7%

| Accounting return on equity | 8.3% | 6.5% | 7.2% | 5.6% |

| Accounting return on investments | 7.9% | 6.5% | 10.9% | 5.9% |

Efficiency Performance Measures - 31 March 2001

2001 2000 1999 1998
Direct line costs per kilometre $890 $661 $886 $928
Direct expenditure ($'000) 3,331 2,397 3,223 3,383
System length (km) 3,741 3,627 3,638 3,646

| Indirect line costs per consumer | $41 | $67 | $47 | $61 |
| Indirect expenditure ($'000) | 1,150 | 1,876 | 1,292 | 1,666 |
| Total consumers | 27,806 | 27,829 | 27,486 | 27,317 |

Energy Delivery Efficiency Performance Measures - 31 March 2001

2001 2000 1999 1998
Load Factor (= a/b/c*100) 77.5% 71.8% 69.8% 65.0%
a = kWh of electricity entering system 563,510,801 523,637,373 507,685,000 472,400,000
b = Maximum Demand 83,000 83,000 83,000 83,000
c = Total number of hours 8,760 8,784 8,760 8,760

| Loss Ratio* (= a/b*100) | -0.9% | 10.6% | 5.3% | 6.1% |
| a = Total Electricity lost in the Network | -5,306,374 | 55,764,295 | 26,990,000 | 28,816,000 |
| b = Total Electricity entering the Network before losses (kWh) | 563,510,801 | 523,637,373 | 507,685,000 | 472,400,000 |

| Capacity Utilisation (= a/b*100) | 31.7% | 32.0% | 32.1% | 32.1% |
| a = Maximum Demand | 83,000 | 83,000 | 83,000 | 83,000 |
| b = Transformer Capacity | 261,555 | 259,181 | 258,621 | 258,290 |

* Alpine Energy relies on the sales information reported by electricity retailers to calculate these amounts.

The Loss Ratio for 2000 was estimated in last year’s disclosure. This has been corrected to reflect actual unit usage reported by electricity retailers.



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2001, No 93


Gazette.govt.nz PDF NZ Gazette 2001, No 93





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