New Zealand Gazette – 2003 – No. 74

Page 1945

✨ Powerco Limited Financial Amendments



NEW ZEALAND GAZETTE

27 JUNE

1945

Powerco Limited Amendments to New Zealand Gazette Information Disclosed on the 3 September 2002, Issue 129
3 September 2002, Issue 129

Annual Valuation Reconciliation Report

2002 2001
System fixed assets at ODV (end of previous financial year) 374,105 388,514
Adjustment following Commerce Commission audit process relating to previous year 1,229 -
Restated System fixed assets at ODV (start of period) 375,337 388,514
Add system fixed assets acquired 17,752 4,765
Less depreciation 15,933 8,300
Add revaluations - (10,874)
Equals system fixed assets at ODV - end of financial year $377,156 $374,105

17.1

(i) Load Factor

Year 2002 Powerco 2001 Powerco 2000 Powerco 1999 Powerco
63.5% 63.91% 63.28% 64.72%

(c) Capacity Utilisation

Year 2002 Powerco 2001 Powerco 2000 Powerco 1999 Powerco
28.44% 28.19% 29.28% 28.15%

17.2

(f) Total Electricity Entering System (kWh, before losses)

Year 2002 Powerco 2001 Powerco 2000 Powerco 1999 Powerco
2,077,336,916 2,093,151,254 1,349,358,790 77,458,468

(g) Total Electricity Supplied from the System On Behalf of Electricity Retailers/Generators (kWh, after losses)

Year 2002 Powerco 2001 Powerco 2000 Powerco 1999 Powerco
1,955,252,266 1,941,498,969 1,258,670,392 1,377,340,529
Retailer 2002 Powerco (kWh) 2001 Powerco (kWh) 2000 Powerco (kWh) 1999 Powerco (kWh)
Retailer A - - - -
Retailer B 1,279,941 1,331,698 1,089,744 3,141
Retailer C 103,482 160,366 80,017 19,508
Retailer D 304,821 137,197 22,723 -
Retailer E 23,972 78,944 37,515 23,359
Retailer F 15,599 79,307 - -
Retailer G 127,445 71,700 15,357 23,975
Retailer H 1,049 52,782 2,901 -
Retailer I - 13,923 28,243 -
Retailer J 98,261 5,861 - -
Retailer K - 676 56 -
Retailer L - 495 26,112 7,475
Retailer M 682 - - -
Powerco - - - 1,393,884
Total 1,955,252 1,941,497 1,258,670 1,377,341

Schedule 1+ Part 7

Form for the Derivation of Financial Performance Measures from Financial Statements

The original ROI published was 9.6. Inclusion of the re-calibration of the ODV value results in a ROI of 9.9.



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VUW Te Waharoa — PDF NZ Gazette 2003, No 74


Gazette.govt.nz — PDF NZ Gazette 2003, No 74




✨ LLM interpretation of page content

🏗️ Certification of Powerco Limited's financial statements and performance measures (continued from previous page)

🏗️ Infrastructure & Public Works
8 May 2003
Electricity, Financial Statements, Performance Measures, Information Disclosure, Powerco Limited