✨ Financial Performance Measures




Vector Limited & Subsidiaries

Gas Distribution Activities

Financial and Efficiency Performance Measures

For the year ended 30 June 2006

2006 2005 2004 2003
1. Financial performance measures
a (i) Accounting return on total assets (including current borrowings in working capital)^4^ 5.09% 7.84% 5.85% 5.68%
a (ii) Accounting return on total assets (excluding current borrowings in working capital)^4^ 4.07% 6.39% 5.71% 5.88%
b Accounting return on equity (8.50%) (13.25%) (8.15%) (8.79%)
c (i) Accounting rate of profit (including current borrowings in working capital)^4^ -13.48% 2.51% 3.12% 38.09%
c (ii) Accounting rate of profit (excluding current borrowing from working capital)^4^ -10.64% 2.05% 3.05% 38.09%

| 2. Efficiency performance measures |
| a Direct line costs per kilometre | $846 | $917 | $1,041 | $561 |
| b Indirect line costs per gas customer | $155 | $140 | $174 | $19 |


  1. Consolidation of Vector and NGC pipeline disclosure data. Prior period disclosures do not include NGC data.
  2. UnitedNetworks Limited was amalgamated with Vector Limited on 1 July 2004.
  3. UnitedNetworks Limited disclosure for the 6 month period ended 30 June 2003.
  4. The regulations are silent on the treatment of amortisation. Earnings before interest and tax is calculated after amortisation. This treatment is consistent with NZ GAAP.
  5. Accounting rate of profit (including current borrowings in working capital) is 1.99% before revaluation.
  6. Accounting rate of profit (excluding current borrowings from working capital) is 1.59% before revaluation.


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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2006, No 154


Gazette.govt.nz PDF NZ Gazette 2006, No 154





✨ LLM interpretation of page content

πŸ’° Vector Limited & Subsidiaries Gas Distribution Financial Performance Measures (continued from previous page)

πŸ’° Finance & Revenue
Financial Performance, Efficiency Measures, Gas Distribution, Accounting Return, Profit Rate