✨ Financial Statements and Performance Measures
Buller Electricity Limited
Line Business Financial Statements
| 2002 $ | 2001 $ | |
|---|---|---|
| (s) Local authority rates | 5,315 | 5,751 |
| (t) AC loss-rental (distribution) of expense | 0 | 0 |
| (u) Rebates to customers due to ownership interest | 0 | 0 |
| (v) Subvention payments | 0 | 0 |
| (w) Unusual expenses | 0 | 0 |
| (x) Other expenditure not listed in (a) to (w) | 42,827 | 83,442 |
13 Total operating expenditure | 3,846,320 | 3,332,379 |
14 Operating surplus before interest and income tax | 833,614 | 1,421,903 |
15 Interest
| 2002 $ | 2001 $ | |
|---|---|---|
| (a) Interest expenses on borrowings | 0 | 0 |
| (b) Financing charges related to finance leases | 0 | 0 |
| (c) Other interest expense | 0 | 0 |
| (d) Total interest expense | 0 | 0 |
16 Operating surplus before income tax | 833,614 | 1,421,903 |
17 Income Tax | 194,548 | 396,205 |
18 Net surplus after tax | 639,066 | 1,025,698 |
19 Annual Valuation Reconciliation Report at 31 March 2002
| Description | Amount |
|---|---|
| System Fixed Assets at ODV – end of the previous financial year | 13,219,371 |
| Add System Fixed Assets acquired during the year at ODV | 355,358 |
| Less System Fixed Assets disposed of during the year at ODV | 0 |
| Less Depreciation on System Fixed Assets at ODV | (293,965) |
| Add or (Less) Revaluations of System Fixed Assets | (98,491) |
| Equals System Fixed Assets at ODV – end of financial year | 13,182,273 |
12 PERFORMANCE MEASURES
Disclosure of financial performance measures and efficiency performance measures under regulation 15 of the Electricity (Information Disclosure) Regulations 1999 as amended by the Electricity (Information Disclosure) Amendment Regulations 2000 and 2001.
| 2002 | 2001 | 2000 | 1999 | |
|---|---|---|---|---|
| 1 Financial Performance Measures | ||||
| (a) Return on Funds | 4.53% | 9.20% | 0.75% | 5.47% |
| (b) Return on Equity | 3.79% | 6.38% | 1.53% | 3.63% |
| (c) Return on Investment | 2.89% | 5.19% | 0.77% | 96.46% |
| 2 Efficiency Performance Measures |
| (a) Direct line costs per kilometre | $2,094 | $1,179 | $1,866 | $1,565 |
| System Length | 595.03 | 592.93 | 578.50 | 574.27 |
| (b) Indirect line costs per electricity customer | $144 | $154 | $163 | $127 |
| Total consumers | 4,108 | 4,258 | 4,241 | 4,243 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 93
Gazette.govt.nz —
NZ Gazette 2002, No 93
✨ LLM interpretation of page content
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Certification of Financial Statements and Performance Measures by Buller Electricity Limited
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🏭 Trade, Customs & Industry30 July 2002
Financial Statements, Performance Measures, Electricity, Certification, Buller Electricity Limited, Accounting Policies