New Zealand Gazette – 2003 – No. 90

Page 2342

✨ Financial Performance Measures



HORIZON ENERGY DISTRIBUTION LIMITED

Regulation 15 - Financial and Efficiency Performance Measures

For the year ended 31 March 2003

2003 2002 2001 2000

1) Financial Performance Measures

(a) Return on Funds | 15.90% | 19.80% ☨ | 16.10% | 13.76% |
(b) Return on Equity | 15.34% | 22.26% | 17.65% | 7.80% |
(c) Return on Investment | 9.97% | 12.68% ☨ | 10.09% | 9.29% |

☨ For the 2002 year, this includes prior year revenue of $816,000 not previously accrued due to outstanding litigation and prior year transmission costs reversed of $716,000.

If the prior year revenue and adjustments were excluded, the 2002 Performance measures would read,

(a) Return on Funds | | 17.49% ☨ |
(b) Return on Equity | | 19.21% ☨ |
(c) Return on Investment | | 11.13% ☨ |

2) Efficiency Performance Measures

2003 2002 2001 2000

(a) Direct Line Costs per kilometre | $608 ☨ | $1,158 | $999 | $1,176 |
(b) Indirect Line Costs per Customer | $65 ☨ | $75 | $59 | $88 |

☨ Direct Line costs and Indirect Line costs have decreased significantly in the 2003 year due to the removal of costs associated with "Other" business.



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 90


Gazette.govt.nz — PDF NZ Gazette 2003, No 90




✨ LLM interpretation of page content

🏭 Auditors' Report for Horizon Energy Distribution Limited (continued from previous page)

🏭 Trade, Customs & Industry
18 July 2003
Audit, Financial Statements, Electricity Information Disclosure Regulations, Unqualified Opinion