New Zealand Gazette – 2005 – No. 121

Page 2932

✨ Financial Performance Report



2932

NEW ZEALAND GAZETTE, No. 121

10 AUGUST 2005

Counties Power Limited – Lines Business
1 April 2004 to 31 March 2005

  1. Financial Performance Measures

    (a) Return on funds, being operating surplus before interest and income tax (as adjusted), divided by average total funds employed (as adjusted).

    (b) Return on equity, being net surplus after tax (as adjusted), divided by average total equity (as adjusted)

    (c) Return on investment

    2005 2004 2003 2002
    (a) 5.9% 4.4% 3.7% 5.2%
    (b) 4.2% 3.7% 3.2% 7.5%
    (c) 4.1% 18.5% 3.2% 6.8%

    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

    (a) Direct line costs per kilometre

    (b) Indirect line cost per consumer (excluding customer discounts as an indirect cost)

    2005 2004 2003 2002
    (a) $1,055 $1,080 $1,099 $926
    (b) $74 $72 $75 $68

  3. Annual Valuation Reconciliation Report – Year Ending 31 March 2005

    $000

    System fixed assets at ODV – end of the previous financial year 109,276
    Add system fixed assets acquired during the year at ODV 4,631
    Less depreciation on system fixed assets at ODV (3,190)
    Add revaluations of system fixed assets 0
    Equals system fixed assets at ODV – end of the financial year 110,717



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 121


Gazette.govt.nz — PDF NZ Gazette 2005, No 121




✨ LLM interpretation of page content

💰 Counties Power Limited Financial Performance Measures (continued from previous page)

💰 Finance & Revenue
30 June 2005
Financial Performance, Return on Investment, Efficiency Measures, Annual Valuation, Counties Power Limited