New Zealand Gazette – 2004 – No. 157

Page 3882

✨ Gas Transmission Performance Measures



NGC – Gas Transmission Activities

Statement of Performance Measures

For the year ended 30 June 2004

For the purposes of the Gas (Information Disclosure) Regulations 1997

2004 2003 2002 2001 2000
1. Financial Performance Measures
Accounting Return on Total Assets 9.1% 11.3% 11.9% 11.3% 11.9%
Accounting Return on Equity 7.2% 8.7% 8.9% 8.3% 8.7%
Accounting Rate of Profit * 8.1% 25.9% 7.7% 7.2% 8.4%
  • The accounting rate of profit for 2003 includes a revaluation increase of $87.87 million in respect of the NGC transmission system. Excluding this amount, the accounting rate of profit would be reduced from 25.9% to 7.6%. An additional $9.4 million has been included in the revaluation increase following a further review of the ODV valuation report in the current year. Excluding the $9.4 million, the accounting rate of profit would be reduced from 8.1% to 6.1%.

2. Efficiency Performance Measures

2004 2003 2002 2001 2000
Direct Line Costs per Kilometre $4,506 $2,897 $2,548 $2,584 $3,415
Indirect Line Costs per Gas Customer $1,114,733 $843,800 $1,026,674 $941,611 $929,333

NB: Direct Line Costs per kilometre represent the direct costs associated with maintaining the NGC system. 2001 and prior year disclosure accounts represent the direct costs associated with maintaining the NGC and third party systems.

3. Other Performance Measures and Statistics

3.1 Load factor

System 2004 Gas Into System, a (GJ p.a.) 2004 Max. Monthly Quantity, b (GJ/month) 2004 Load Factor, a x 100 / 12 x b 2003 Gas Into System, a (GJ p.a.) 2003 Max. Monthly Quantity, b (GJ/month) 2003 Load Factor, a x 100 / 12 x b
North & Central 53,865,697 5,156,560 87.05 46,935,414 4,990,690 78.37
Bay of Plenty 12,339,539 1,217,125 84.45 11,573,320 1,215,901 79.25
Frankley Rd – Kapuni 16,365,424 1,944,392 70.14 20,964,571 2,206,343 79.18
South 12,107,703 1,265,331 79.74 11,288,942 1,235,979 76.11
Total 94,678,363 90,762,247

NB: Gas entering the North System includes some of the gas into Central System.
Gas entering the Central System includes some of the gas into the Bay of Plenty System.
Gas entering the Frankley Rd – Kapuni System includes some of the gas into the South System.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2004, No 157


Gazette.govt.nz — PDF NZ Gazette 2004, No 157




✨ LLM interpretation of page content

🏭 Certification of NGC Gas Transmission Activities Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
30 June 2004
Financial Statements, Contingent Liabilities, Financial Instruments, Interest Rate Risk, Credit Risk, Foreign Currency Risk, Related Parties Transactions, NGC, Gas Transmission

🏭 Statement of Performance Measures for NGC Gas Transmission Activities

🏭 Trade, Customs & Industry
Financial Performance, Efficiency Performance, Load Factor, Accounting Return, Direct Line Costs, Indirect Line Costs, Gas Transmission