New Zealand Gazette – 2005 – No. 199

Page 5034

✨ Gas Transmission Performance Measures



5034

NEW ZEALAND GAZETTE, No. 199

30 NOVEMBER 2005

NGC – Gas Transmission Activities

Statement of Performance Measures

For the Year Ended 30 June 2005

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

1. Financial Performance Measures 2005 2004 2003 2002
Accounting Return on Total Assets 10.1% 9.1% 11.3% 11.9%
Accounting Return on Equity 7.8% 7.2% 8.7% 8.9%
Accounting Rate of Profit * 6.4% 8.1% 25.9% 7.7%

The accounting rate of profit for 2003 includes a revaluation increase of $87.9 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 was included in the revaluation increase following a further review of the ODV valuation report in the 2004 year. Excluding the $9.4 million, the accounting rate of profit would be reduced from 8.1% to 6.1%.

2. Efficiency Performance Measures
Direct Line Costs per Kilometre $3,880 $3,830 $2,855 $2,512
Indirect Line Costs per Gas Customer $997,847 $1,114,733 $843,800 $1,026,674

NB: Direct Line Costs per kilometre represent the direct costs associated with maintaining the NGC system.

  1. Other Performance Measures and Statistics

3.1 Load factor

System 2005 2004
Gas into System, a (GJ p.a.) Max. Monthly Quantity, b (GJ/month) Load Factor, a × 100 / 12 × b Gas into System, a (GJ p.a.) Max. Monthly Quantity, b (GJ/month) Load Factor, a × 100 / 12 × b
North & Central 54,227,789 5,168,202 87.44 53,865,697 5,156,560 87.05
Bay of Plenty 12,346,173 1,232,461 83.48 12,339,539 1,217,125 84.48
Frankley Rd – Kapuni 16,282,358 2,123,607 63.89 16,365,424 1,944,392 70.14
South 11,333,608 1,277,991 73.90 12,107,703 1,265,331 79.74
Total 94,189,928 94,678,363

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 2005, No 199


Gazette.govt.nz — PDF NZ Gazette 2005, No 199




✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for NGC Gas Transmission Activities (continued from previous page)

🏭 Trade, Customs & Industry
30 June 2005
Financial Statements, Fair Values, Capital Lease Commitments, Operating Lease Commitments, Related Party Transactions, Contingencies, Events Subsequent to Balance Date

🏭 Statement of Performance Measures for NGC Gas Transmission Activities

🏭 Trade, Customs & Industry
30 June 2005
Performance Measures, Financial Performance, Efficiency Performance, Load Factor, Gas Transmission