β¨ 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 |
- Consolidation of Vector and NGC pipeline disclosure data. Prior period disclosures do not include NGC data.
- UnitedNetworks Limited was amalgamated with Vector Limited on 1 July 2004.
- UnitedNetworks Limited disclosure for the 6 month period ended 30 June 2003.
- 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.
- Accounting rate of profit (including current borrowings in working capital) is 1.99% before revaluation.
- 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 —
NZ Gazette 2006, No 154
Gazette.govt.nz —
NZ Gazette 2006, No 154
β¨ LLM interpretation of page content
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Vector Limited & Subsidiaries Gas Distribution Financial Performance Measures
(continued from previous page)
π° Finance & RevenueFinancial Performance, Efficiency Measures, Gas Distribution, Accounting Return, Profit Rate