✨ Financial Performance Measures
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 2002
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, 2001
Regulation 15 - Financial Performance Measures and Efficiency Performance Measures:
| 2002 | 2001 | 2000 | 1999 | |
|---|---|---|---|---|
| 1) Financial Performance Measures | ||||
| (a) Return on Funds | 18.52% ☐ Ⓐ | 16.10% ☐ | 13.76% ☐ | 11.02% ☑ |
| (b) Return on Equity | 22.26% ☐ Ⓐ | 17.65% ☐ | 7.80% ☐ | 6.09% ☑ |
| (c) Return on Investment | 11.86% ☐ Ⓐ | 10.09% ☐ | 9.29% ☐ | 7.37% ☑ |
☐ The 2000, 2001, and 2002 Financial Performance Measures are based on the 2000 Amendment Regulations and MED Derivation Table included in these statements.
☑ The 1999 Financial Performance Measures are based on the 1999 Regulations and 1999 MOC Derivation Table.
Ⓐ This includes prior year revenue of $816,000 not previously accrued because of outstanding litigation and prior year transmission costs reversed of $716,000.00.
If the prior year revenue and adjustments were excluded, the 2002 Performance measures would read:
| (a) Return on Funds |
| (b) Return on Equity |
| (c) Return on Investment |
| 2) Efficiency Performance Measures |
| (a) Direct line costs per kilometre | $1,158 | $999 | $1,176 | $1,925 |
| (b) Indirect Line costs per Customer as prescribed | $75 | $59 | $88 | $88 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 113
Gazette.govt.nz —
NZ Gazette 2002, No 113
✨ LLM interpretation of page content
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Financial Statements of Horizon Energy Distribution Limited
(continued from previous page)
🏗️ Infrastructure & Public Works5 August 2002
Electricity, Financial Performance, Revenue, Expenditure, Taxation, Horizon Energy, Distribution, Audit, Accounting