✨ Financial and Efficiency Performance of Maui Pipeline
20 JUNE 2007
NEW ZEALAND GAZETTE, No. 68
1775
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Similarly the ODRC depreciation was prepared using the values prepared by Maunsell Limited for 31 December 2005 and 31 December 2006 and an estimated value based on the trends in the December valuations for the 3 months from October to December 2005.
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Other Income, Expenses and Balance Sheet figures were obtained from the accounts prepared for the Maui Mining Companies by the Commercial Operator. These accounts are not audited, but are peer reviewed by an accounting firm monthly.
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Calculations for the 3 month October to December 2005 period have been adjusted where necessary to be comparable with figures extracted on an annual basis.
2.3 Financial Performance measures
| Oct-Dec 2005 | Jan-Dec 2006 | |
|---|---|---|
| Accounting Return on Total Assets (%) | 4.9 | 8.1 |
| Accounting Return on Equity (%) | 3.3 | 5.4 |
| Accounting Rate of Profit (%) | 8.6 | 11.1 |
The Accounting Rate of Profit figures were affected by the increases in the ODRC pipeline valuations resulting from the valuations conducted by Maunsell Limited. Without these revaluations, the Accounting Rates of Profit for these periods would be 3.3% and 5.3% respectively.
2.4 Efficiency Performance measures
| Oct-Dec 2005 | Jan-Dec 2006 | |
|---|---|---|
| Direct Line Costs per km ($) | 32,475 | 26,549 |
| Indirect Line Costs per Gas Customer ($) | 0.00 | 0.00 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2007, No 68
Gazette.govt.nz —
NZ Gazette 2007, No 68
✨ LLM interpretation of page content
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Financial and Efficiency Performance of Maui Pipeline
(continued from previous page)
🌾 Primary Industries & ResourcesMaui Pipeline, Financial Performance, Efficiency Measures, Notional Accounts, Tariff Income, Expenses, Assets, Depreciation, Tax, Governance Costs, Balancing Gas Services, Accounting Return, Rate of Profit, Direct Line Costs, Indirect Line Costs