✨ Financial Statements and Performance Measures
2596
NEW ZEALAND GAZETTE
No. 98
Buller Electricity Limited
Line Business Financial Statements
| 2003 | 2002 | |
|---|---|---|
| (s) Local authority rates | $12,668 | $5,315 |
| (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) | 87,115 | 42,827 |
13 Total operating expenditure 4,098,579 3,846,320
14 Operating surplus before interest and income tax 893,666 833,614
15 Interest
(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 893,666 833,614
17 Income Tax 275,899 194,548
18 Net surplus after tax 617,767 639,066
19 Annual Valuation Reconciliation Report at 31 March 2003
System Fixed Assets at ODV – end of the previous financial year 13,182,273 13,219,371
Add System Fixed Assets acquired during the year at ODV 852,857 355,358
Less System Fixed Assets disposed of during the year 0 0
Less Depreciation on System Fixed Assets at ODV (299,288) (293,965)
Add or (Less) Revaluations of System Fixed Assets 0 (98,491)
Less Disposal of Stock (143,232) 0
Equals System Fixed Assets at ODV – end of financial year 13,592,610 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.
| 2003 | 2002 | 2001 | 2000 | |
|---|---|---|---|---|
| 1 Financial Performance Measures | ||||
| (a) Return on Funds | 5.1% | 4.5% | 9.2% | 0.8% |
| (b) Return on Equity | 3.6% | 3.8% | 6.4% | 1.5% |
| (c) Return on Investment | 3.6% | 2.9% | 5.2% | 0.8% |
2 Efficiency Performance Measures
(a) Direct line costs per kilometre $2,494 $2,082 $1,179 $1,886
System Length Km 598 595 593 579
(b) Indirect line costs per electricity customer $135 $144 $154 $163
Total consumers 4,187 4,108 4,258 4,241
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 98
Gazette.govt.nz —
NZ Gazette 2003, No 98
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Buller Electricity Limited Financial Statements
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🏗️ Infrastructure & Public WorksElectricity, Financial Statements, Assets, Liabilities, Equity
🏗️ Buller Electricity Limited Performance Measures
🏗️ Infrastructure & Public WorksPerformance Measures, Financial Performance, Efficiency Performance, Electricity