✨ Financial and Efficiency Performance Measures
NEW ZEALAND GAZETTE, No. 191
9 DECEMBER 2008
GAS DIVISION
Statement of Financial and Efficiency Performance Measures
For the year ended 30 June 2008
1 DISCLOSURE OF PERFORMANCE MEASURES PURSUANT TO REGULATION 15 AND PART II OF THE FIRST SCHEDULE OF THE GAS (INFORMATION DISCLOSURE) REGULATIONS 1997
| Financial Performance Measures | Notes | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|---|
| (i) Accounting Return on Total Assets | (a), (b) | 6.60% | 7.18% | 6.43% | 7.92% |
| (ii) Accounting Return on Equity | -0.03% | 16.98% | 4.47% | 5.54% | |
| (iii) Accounting Rate of Profit including | (a), (b) | 4.76% | 5.49% | 4.65% | 5.30% |
| revaluation | |||||
| (iv) Accounting Rate of Profit excluding | (a), (b) | 4.76% | 5.49% | 4.65% | 5.30% |
| revaluation |
| Efficiency Performance Measures | |||||
|---|---|---|---|---|---|
| (v) Direct Line Cost per Kilometre | $981.32 | $1,408.53 | $1,248.23 | $1,299.10 | |
| (vi) Indirect Line Cost per Gas Customer | $82.53 | $73.35 | $88.29 | $93.84 |
Notes:
(a) This calculation excludes current borrowings and other financial assets from working capital because the borrowings and other financial assets do not relate to operational obligations.
(b) EBIT for the purposes of this calculation excludes the hedging loss of $3.040 million as shown in the Income Statement as Other Gains/Losses, and the hedging loss of $1.537 million recognised in the Statement of Changes in Equity. This is because the hedge gain/loss does not meet the definition of revenue in the Gas (Information Disclosure) Regulations 1997.
2 DISCLOSURE OF PERFORMANCE MEASURES PURSUANT TO REGULATION 17 AND PART III OF THE FIRST SCHEDULE OF THE GAS (INFORMATION DISCLOSURE) REGULATIONS 1997
2.1 Energy delivery efficiency measures
| 2008 | 2007 | 2006 | 2005 | |
|---|---|---|---|---|
| (a) Load Factor | 72.50% | 73.65% | 83.32% | 66.34% |
| (b) Un-accounted for Gas Ratio | 2.50% | 2.50% | 2.50% | 2.50% |
2.2 Statistics
| (a) System Length | 5,890 km | 5,792 km | 5,609 km | 5,415 km |
| (b) Maximum monthly amount entering | 1,057,925 | 1,082,107 | 1,055,459 | 1,242,615 |
| the system | ||||
| (c) Total amount of gas conveyed | 9,204,033 | 9,564,363 | 10,653,384 | 9,891,000 |
| (d) Total amount of gas conveyed on | 9,204,033 | 9,564,363 | 10,553,384 | 9,891,000 |
| behalf of other persons | ||||
| (e) Total customers | 103,602 | 103,404 | 103,986 | 104,203 |
3 DISCLOSURE OF PERFORMANCE MEASURES PURSUANT TO REGULATION 18 AND PART IV OF THE FIRST SCHEDULE OF THE GAS (INFORMATION DISCLOSURE) REGULATIONS 1997
3.1 Un-planned interruptions in transmission systems
| 0 |
3.2 Un-planned interruptions in distribution systems
| (a) Un-planned interruptions other than those directly resulting from un-planned interruptions of a transmission system | 0.001889 |
| (b) Un-planned interruptions directly resulting from un-planned interruptions of a transmission system | 0 |
NOTE This figure includes the Wellington CBD water inundation outages of August/September 2006. Without that significant event the reported figure would have been 0.0034
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NZ Gazette 2008, No 191
✨ LLM interpretation of page content
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Powerco Gas Division Financial Statements
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💰 Finance & Revenue27 November 2008
Audit, Financial Statements, Gas Division, Disclosure, Certification