✨ Financial Performance Report
4356
NEW ZEALAND GAZETTE, No. 150
27 NOVEMBER 2006
Counties Power Limited – Lines Business
1 April 2005 to 31 March 2006
- Financial Performance Measures
| 2006 | 2005 | 2004 | 2003 | 2002 | |
|---|---|---|---|---|---|
| (a) Return on funds, being operating surplus before interest and income tax (as adjusted), divided by average total funds employed (as adjusted). | 5.8% | 5.9% | 4.4% | 3.7% | 5.2% |
| (b) Return on equity, being net surplus after tax (as adjusted), divided by average total equity (as adjusted) | 4.6% | 4.2% | 3.7% | 3.2% | 7.5% |
| (c) Return on investment | 4.4% | 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.
- Efficiency Performance Measures
| 2006 | 2005 | 2004 | 2003 | 2002 | |
|---|---|---|---|---|---|
| (a) Direct line costs per kilometre | $1,157 | $1,055 | $1,080 | $1,099 | $926 |
| (b) Indirect line cost per consumer (excluding customer discounts as an indirect cost) | $81 | $74 | $72 | $75 | $68 |
- Annual Valuation Reconciliation Report – Year Ending 31 March 2006
$000
System fixed assets at ODV – end of the previous financial year 110,717
Add system fixed assets acquired during the year at ODV 8,624
Less system fixed assets disposed of during the year at ODV (3,761)
Add revaluations of system fixed assets 0
Equals system fixed assets at ODV – end of the financial year 115,580
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 150
Gazette.govt.nz —
NZ Gazette 2006, No 150
✨ LLM interpretation of page content
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Counties Power Limited – Lines Business Financial Performance Measures
(continued from previous page)
🏭 Trade, Customs & Industry27 November 2006
Financial Performance, Return on Funds, Return on Equity, Return on Investment, Efficiency Measures, Direct Line Costs, Indirect Line Costs, Valuation Reconciliation