✨ Financial Performance Measures
VECTOR LIMITED & SUBSIDIARIES
GAS DISTRIBUTION ACTIVITIES
FINANCIAL AND EFFICIENCY PERFORMANCE MEASURES
FOR THE YEAR ENDED 30 JUNE 2007
| 2007 | 2006 | 2005 | 2004 | |
|---|---|---|---|---|
| 1 Financial performance measures | ||||
| a) (i) Accounting return on total assets (including current borrowings in working capital)(^3) | 4.70% | 5.09% | 7.84% | 5.85% |
| a) (ii) Accounting return on total assets (excluding current borrowings in working capital)(^3) | 4.39% | 4.07% | 6.39% | 5.71% |
| b) Accounting return on equity | (4.33%) | (8.50%) | (13.25%) | (8.15%) |
| c) (i) Accounting rate of profit (including current borrowings in working capital)(^3) | 1.97% | 413.48% | 2.51% | 3.12% |
| c) (ii) Accounting rate of profit (excluding current borrowing from working capital)(^3) | 1.84% | 510.64% | 2.05% | 3.05% |
| 2 Efficiency performance measures |
| a) Direct line costs per kilometre | $755 | $846 | $917 | $1,041 |
| b) Indirect line costs per gas customer| $134 | $155 | $140 | $174 |
1 Consolidation of Vector and NGC pipeline disclosure data from 2005. Prior period disclosures do not include NGC data.
2 UnitedNetworks Limited was amalgamated with Vector Limited on 1 July 2004.
3 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.
4 Accounting rate of profit (including current borrowings in working capital) is 1.99% before revaluation.
5 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 2007, No 132
Gazette.govt.nz —
NZ Gazette 2007, No 132
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Financial and Efficiency Performance Measures for Gas Distribution Activities
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🏭 Trade, Customs & IndustryFinancial performance, Efficiency measures, Gas distribution, Accounting return, Rate of profit