✨ NGC Gas Transmission Performance Measures
NGC Gas Transmission Activities
Statement of Performance Measures
For the Year Ended 30 June 2006
For the purposes of the Gas (Information Disclosure) Regulations 1997
1. Financial Performance Measures
| 2006 | 2005 | 2004 | 2003 | |
|---|---|---|---|---|
| Accounting Return on Total Assets | 8.4% | 10.1% | 9.1% | 11.3% |
| Accounting Return on Equity | 4.8% | 7.8% | 7.2% | 8.7% |
| Accounting Rate of Profit * | 3.2% | 6.4% | 8.1% | 25.9% |
- The accounting rate of profit for 2003 includes a revaluation increase of $87.87 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
| 2006 | 2005 | 2004 | 2003 | |
|---|---|---|---|---|
| Direct Line Costs per Kilometre | $4,810 | $3,880 | $3,830 | $2,855 |
| Indirect Line Costs per Gas Customer | $1,263,156 | $997,847 | $1,114,733 | $843,800 |
NB: Direct Line Costs per kilometre represent the direct costs associated with maintaining the NGC Transmission system.
3. Other Performance Measures and Statistics
3.1 Load factor
| System | 2006 | 2005 | ||
|---|---|---|---|---|
| Gas Into System, a (GJ p.a.) | Max. Monthly Quantity, b (GJ/month) | Load Factor, a x 100/12 x b | Gas Into System, a (GJ p.a.) | |
| North & Central | 60,848,748 | 5,728,319 | 88.52 | 54,227,789 |
| Bay of Plenty | 11,386,661 | 1,134,147 | 83.67 | 12,346,173 |
| Frankley Rd – Kapuni | 22,405,091 | 2,290,168 | 81.53 | 18,282,358 |
| South | 11,067,829 | 1,289,209 | 71.54 | 11,333,608 |
| Total | 105,708,329 | 94,189,928 |
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 —
NZ Gazette 2006, No 154
Gazette.govt.nz —
NZ Gazette 2006, No 154
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NGC Gas Transmission Performance Measures for the Year Ended 30 June 2006
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💰 Finance & RevenueFinancial Performance, Efficiency Measures, Accounting Return, Load Factor, Gas Transmission