✨ Financial Statements
3652 NEW ZEALAND GAZETTE, No. 149 31 AUGUST 2005
Notes to the financial statements (continued)
For the year ended 31 March 2005
17 Transactions with related parties
(a) Eastland Community Trust
Eastland Network Limited and Eastland Infrastructure Limited are 100% owned by Eastland Community Trust.
Other than payment of Interest on Capital Notes and the payment of dividends there have been no significant transactions between the Lines Business of the Companies and the Trust during the financial year.
(b) Eastland Port Limited
Eastland Port Limited is also 100% owned by Eastland Community Trust and the directors of the Companies are also directors of Eastland Port Limited.
Eastland Network Limited leases land from Eastland Port Limited for a substation. Lease payments are $280 per annum.
18 Financial and efficiency performance measures under Requirement 14 of the Commerce Commission’s Electricity Information Disclosure Requirements 2004.
| 2005 | 2004 | 2003 | 2002 | |
|---|---|---|---|---|
| 1) Financial performance measures | ||||
| a) Return on funds | 9.5 | 9.7 | 12.9 | 14.4 |
| b) Return on Equity | 8.8 | 8.8 | 15.0 | 13.8 |
| c) Return on Investment | 6.4 | 23.2 | 9.3 | 2.4 |
- Efficiency performance measures | | | | |
a) Direct line costs per Kilometer | $675 | $744 | $646 | $1,034 |
b) Indirect line costs per electricity consumer | $70 | $61 | $67 | $67 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 149
Gazette.govt.nz —
NZ Gazette 2005, No 149
✨ LLM interpretation of page content
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Eastland Network Limited Financial Certification
(continued from previous page)
🏭 Trade, Customs & Industry26 August 2005
Financial Statements, Related Parties, Performance Measures, Eastland Community Trust, Eastland Port Limited