✨ Financial Statements Notes
2516
NEW ZEALAND GAZETTE
No. 95
Notes to the financial statements (continued)
For the year ended 31 March 2003
- Transactions with related parties
(a) Eastland Energy Community Trust
The Company is 100% owned by Eastland Energy Community Trust.
Other than payment of Interest on Capital Notes and the payment of dividends there have been no significant transactions between the Company and the Trust during the financial year.
(b) Port of Gisborne
One of the Directors was also a director of Port of Gisborne Limited during the year. Eastland Network Limited leased land from Port of Gisborne Limited for a substation. Lease payments are $280 per annum.
Eastland Port Limited, a company also owned by Eastland Energy Community Trust, acquired the port assets from Port Gisborne Limited at the end of the year. This lease was one of the assets acquired.
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Financial and efficiency performance measures under Regulation 15 of the Electricity (Information Disclosure) Regulations 1999
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Financial performance measures
a) Return on funds 12.9 14.4 11.3 9.40
b) Return on Equity 15.0 13.8 11.2 8.00
c) Return on Investment 9.3 2.4 -2.6 -11.40 -
Efficiency performance measures
a) Direct line costs per Kilometre $646 $1,034 $1,837 $1,300
b) Indirect line costs per electricity consumer $67 $67 $52 $72 -
Delivery efficiency performance measures under Regulation of the Electricity (Information Disclosure) Regulations 1999
- Load factor 61.1% 58% 58% 57%
- Loss ratio 7.16% 7.32% 8.51% 6.2%
- Capacity utilisation 29.5% 25.37% 27.1% 28.5%
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 95
Gazette.govt.nz —
NZ Gazette 2003, No 95
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Notes to the financial statements
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial statements, Related parties, Performance measures, Transactions, Efficiency, Electricity regulations