New Zealand Gazette – 2008 – No. 186

Page 4909

✨ Financial Performance Measures



28 NOVEMBER 2008 NEW ZEALAND GAZETTE, No. 186 4909

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

STATEMENT OF PERFORMANCE MEASURES

FOR THE YEAR ENDED 30 JUNE 2008

LINES BUSINESS 2008 LINES BUSINESS 2007 LINES BUSINESS 2006 LINES BUSINESS 2005 LINES BUSINESS 2004

Financial Measures

| Return on Equity | 8.8% | 9.7% | 7.8% | 8.1% | 7.1% |
| Return on Funds | 10.6% | 9.6% | 9.0% | 9.4% | 7.9% |
| Return on Investment | 7.6% | 6.5% | 5.8% | 6.1% | 10.3% |

Efficiency Measures

Direct line costs per kilometre, which shall be calculated in accordance with the following formula:

$$
\frac{a}{b}
$$

Where:

  • a* is direct expenditure (in dollars); and
  • b is system length (in kilometres);
133,583,000 / 17,334 120,355,000 / 17,334 140,790,000 / 17,248 152,304,000 / 17,045 131,616,000 / 17,041
Direct Line Costs $7,706 $6,943 $8,163 $8,935 $7,723
  • all years restated to exclude HVDC share of reserves

TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS

ANNUAL DEPRECIATED HISTORIC COST RECONCILIATION REPORT

YEAR ENDED 30 JUNE 2008

2008 $ million 2007 $ million
System fixed assets book value at 30 June 2007 - 2,137

Add: system fixed assets acquired during the year at DHC | 241 |
Less: system fixed assets disposed of during the year at DHC | (16) | (5) |
Less: depreciation on system fixed assets at DHC | (129) | (132) |

Equals system fixed assets book value at 30 June 2008 | 2,233 | 2,137 |

  • During the year Transpower chose to reset the pseudo value of Pole 1 to zero. This was a shareholder change.


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Online Sources for this page:

Gazette.govt.nz — PDF NZ Gazette 2008, No 186




✨ LLM interpretation of page content

🏭 Restated Financial Information under NZ IFRS for Transpower New Zealand Limited Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
Financial Restatement, NZ IFRS, Assets, Intangible Assets, Tangible Assets, Transpower, Financial Performance Measures, ROF, ROE, ROI

🏭 Statement of Performance Measures for Transpower New Zealand Limited Lines Business

🏭 Trade, Customs & Industry
Financial Performance, Return on Equity, Return on Funds, Return on Investment, Direct Line Costs, Transpower

🏭 Annual Depreciated Historic Cost Reconciliation Report for Transpower New Zealand Limited Lines Business

🏭 Trade, Customs & Industry
Depreciated Historic Cost, System Fixed Assets, Depreciation, Transpower