✨ Financial Performance and Efficiency Measures
VECTOR LIMITED
ELECTRICITY LINES BUSINESS
FINANCIAL PERFORMANCE AND EFFICIENCY MEASURES
FOR THE YEAR ENDED 31 MARCH 2007
SCHEDULE 1 – PART 3
1 Financial performance measures
| 2007 | 2006 | 2005 | 2004 | |
|---|---|---|---|---|
| a | Return on funds | 13.68%¹ | 13.16% | 12.80% |
| b | Return on equity | (57.39)% | 349.71% | 49.00% |
| c | Return on investment | 8.85%¹ | 8.54% | 8.20% |
2 Efficiency performance measures
| 2007 | 2006 | 2005 | 2004 | |
|---|---|---|---|---|
| a | Direct line cost per kilometre | $2,942.24 | $2,949.28 | $2,492.50 |
| b | Indirect line cost per consumer | $91.70³ | $79.28 | $90.99 |
1 Interest expense accruals have been excluded from the calculation of ROF and ROI. Including the interest expense accruals ROF is 13.8% and ROI is 8.9%.
2 Revaluation arising from the recalibration of the ODV Handbook excluded. Including the recalibration the ROI would be 21.9%, however, Vector considers this provides a misleading view of the return on investment for 2004 given the source of the change is a recalibration.
3 Loss on disposal of assets has been excluded from the calculation of indirect line cost per consumer. Including the loss on disposal of assets, the indirect line cost per consumer is $105.52.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 39
Gazette.govt.nz —
NZ Gazette 2008, No 39
✨ LLM interpretation of page content
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Notes to the Financial Statements for Vector Limited
(continued from previous page)
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