β¨ Financial and Efficiency Performance Measures
VECTOR LIMITED & SUBSIDIARIES
GAS DISTRIBUTION ACTIVITIES
FINANCIAL AND EFFICIENCY PERFORMANCE MEASURES
FOR THE YEAR ENDED 30 JUNE 2010
| 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|
| 1 Financial performance measures | ||||
| a (i) Accounting return on total assets (excluding current borrowings in working capital)(^1) | 11.25% | 9.48% | 9.52% | 8.62% |
| a (ii) Accounting return on total assets (including current borrowings in working capital)(^1) | 11.72% | 10.89% | 11.61% | 9.53% |
| b Accounting return on equity | 9.29% | 6.41% | 4.27% | 6.27% |
| c (i) Accounting rate of profit (excluding current borrowings in working capital)(^1) | 9.78% | 7.81% | 6.75% | 6.04% |
| c (ii) Accounting rate of profit (including current borrowings in working capital)(^1) | 10.18% | 8.97% | 8.22% | 6.69% |
| 2 Efficiency performance measures |
| a Direct line costs per kilometre | $753 | $701 | $707 | $755 |
| b Indirect line costs per gas customer| $104 | $109 | $116 | $144 |
\1\ 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.
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Vector Limited Financial and Efficiency Performance Measures for Gas Distribution Activities
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π Trade, Customs & IndustryFinancial Performance, Efficiency Measures, Vector Limited, Gas Distribution, Accounting Return, Profit Rates, Direct Line Costs, Indirect Line Costs
NZ Gazette 2010, No 158