New Zealand Gazette – 2003 – No. 93

Page 2403

✨ Financial Performance Report



6 AUGUST

NEW ZEALAND GAZETTE

2403

Counties Power Limited – Line Business
1 April 2002 to 31 March 2003

  1. Financial Performance Measures

    2003 2002 2001 2000
    (a) Return on funds, being operating surplus before interest and income tax (as adjusted), divided by average total funds employed (as adjusted). 3.7% 5.2% 6.2% 9.4%
    (b) Return on equity, being net surplus after tax (as adjusted), divided by average total equity (as adjusted) 3.2% 7.5% 5.4% 6.5%
    (c) Return on investment 3.2% 6.8% 4.8% 6.2%

    2002 Return on Equity and Return on Investment measures increased as a result of a one time tax credit being recorded. This was caused by changing from the comprehensive to the partial method of accounting for income tax.

  2. Efficiency Performance Measures

    2003 2002 2001 2000
    (a) Direct line costs per kilometre $1,099 $926 $947 $1,249
    (b) Indirect line cost per consumer (excluding customer discounts as an indirect cost) $75 $68 $72 $79
    (c) Indirect line cost per consumer (including customer discounts as an indirect cost) $313 $306 $313 $156

    Indirect line cost per consumer has been calculated using estimated average consumer numbers. The methodology used to calculate this estimate is publicly available.

  3. Annual Valuation Reconciliation Report – Year Ending 31 March 2003

    $000

    System fixed assets at ODV – end of the previous financial year 89,721
    Add system fixed assets acquired during the year at ODV 5,850
    Less system fixed assets disposed of during the year at ODV (3,018)
    Add revaluations of system fixed assets -
    Equals system fixed assets at ODV – end of the financial year 92,553



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 93


Gazette.govt.nz — PDF NZ Gazette 2003, No 93




✨ LLM interpretation of page content

💰 Financial Performance Measures for Counties Power Limited

💰 Finance & Revenue
Financial Performance, Return on Funds, Return on Equity, Return on Investment, Counties Power Limited

💰 Efficiency Performance Measures for Counties Power Limited

💰 Finance & Revenue
Efficiency Performance, Direct Line Costs, Indirect Line Costs, Counties Power Limited

💰 Annual Valuation Reconciliation Report for Counties Power Limited

💰 Finance & Revenue
Valuation Reconciliation, System Fixed Assets, ODV, Counties Power Limited