New Zealand Gazette – 2005 – No. 24

Page 582

✨ Financial Performance Measures



582

NEW ZEALAND GAZETTE, No. 24

21 JANUARY 2005

Counties Power Limited – Lines Business

1 April 2003 to 31 March 2004

  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).
    4.4% 3.7% 5.2% 6.2%

    (b) Return on equity, being net surplus after tax (as adjusted), divided by average total equity (as adjusted)
    3.7% 3.2% 7.5% 5.4%

    (c) Return on investment
    18.5% 3.2% 6.8% 4.8%

    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
    $1,080 $1,099 $926 $947

    (b) Indirect line cost per consumer (excluding customer discounts as an indirect cost)
    $72 $75 $68 $72

  3. Annual Valuation Reconciliation Report – Year Ending 31 March 2004
    $000

    System fixed assets at ODV – end of the previous financial year
    92,553

    Add system fixed assets acquired during the year at ODV
    5,443

    Less system fixed assets disposed of during the year at ODV
    (3,134)

    Add revaluations of system fixed assets
    14,414

    Equals system fixed assets at ODV – end of the financial year
    109,276



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 24


Gazette.govt.nz — PDF NZ Gazette 2005, No 24




✨ LLM interpretation of page content

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

💰 Finance & Revenue
21 January 2005
Financial Performance, Electricity, Disclosure Requirements, ROF, ROE, ROI