Description:
* "King
Country Energy is a public company. The three largest shareholders are
Todd Energy Ltd (35 %), King Country Electric Power Trust (10%) and
Waitomo Energy Services Trust (8%). The remaining shares (47%) are held by
in excess of 9,200 smaller shareholders, many of whom reside in King
Country area.
KCE was incorporated in 1991 to take over the business of the King Country Electric Power Board and was subsequently restructured in 1999 as a result of the Electricity Industry Reform Act 1998. These reforms resulted in significant changes to the industry and required all energy companies to split their retail and lines businesses. KCE and Waitomo Energy Services combined their assets and then split into King Country Energy Ltd (which acquired the generation and retail businesses) and The Lines Company (which acquired the lines business).
King Country Energy has its head office and customer services center in Taumarunui and also has outlying offices in Te Kuiti and Mangakino. Electricity generation is undertaken at four local sites (Kuratau, Mokauiti, Piriaka and Wairere power stations) and at the Mangahao power station, near Shannon, which King Country Energy owns in conjunction Todd Energy. Refer to the Generation Section of this website for further details on the company's generation assets."
Website: http://www.kce.co.nz/
Recent announcements: click here
|
Year |
2002 |
2003 |
2004 |
2005 |
2006 |
Average
GR |
Compounding
GR |
|
Gross
growth rates |
|
|
|
|
|||
|
Revenue |
|
-31% |
0% |
-35% |
49% |
5% |
-8% |
|
NPAT |
|
-53% |
181% |
-15% |
0% |
153% |
2% |
|
Total
Assets |
|
3% |
-8% |
46% |
2% |
40% |
7% |
|
Net
Assets |
|
1% |
3% |
43% |
-1% |
46% |
8% |
|
Per
Share figures and growth |
|||||||
|
Earnings |
$
0.18 |
$
0.09 |
$
0.24 |
$
0.21 |
$
0.21 |
|
|
|
|
|
-53% |
181% |
-15% |
0% |
153% |
2% |
|
Net
Assets |
$
2.43 |
$
2.46 |
$
2.54 |
$
3.63 |
$
3.60 |
|
|
|
|
|
1% |
3% |
43% |
-1% |
46% |
8% |
|
Dividends |
$ -
|
$
0.06 |
$
0.16 |
$
0.20 |
$
0.24 |
|
|
|
|
|
|
167% |
25% |
20% |
212% |
32% |
|
Profitability |
|||||||
|
Return
on Assets |
6% |
3% |
8% |
5% |
5% |
|
|
|
Equity
Multiplier |
1.26 |
1.28 |
1.14 |
1.16 |
1.20 |
|
|
|
Return
on Equity (ROE) |
8% |
4% |
10% |
6% |
6% |
|
|
|
ROE
(avg E) |
|
4% |
10% |
7% |
6% |
|
|
|
Net
Profit Margin |
7% |
5% |
14% |
19% |
13% |
|
|
|
Dividend
payout ratio |
0% |
69% |
66% |
97% |
116% |
|
|
|
Liquidity |
|||||||
|
Net
working capital |
$(3,869,000) |
$(2,478,000) |
$1,587,000
|
$2,742,000
|
$2,813,000
|
|
|
|
Current
ratio |
0.65 |
0.79 |
1.47 |
1.66 |
1.47 |
|
|
|
Acid
test ratio |
0.65 |
0.79 |
1.47 |
1.66 |
1.47 |
|
|
|
Other |
|||||||
|
Times
interest earned |
13.73 |
12.98 |
77.34 |
240.08 |
105.75 |
|
|
|
Operating
exp/income |
124% |
94% |
88% |
66% |
92% |
|
|
|
|
|
|
|
|
|
|
|
|
Summary
Financials |
|||||||
|
Income |
46114000 |
31930000 |
31797000 |
20597000 |
30650000 |
|
|
|
Expenses |
40908000 |
29450000 |
25003000 |
14620000 |
24784000 |
|
|
|
Tax |
1758000 |
860000 |
2241000 |
2120000 |
2001000 |
|
|
|
NPAT |
3448000 |
1620000 |
4553000 |
3857000 |
3865000 |
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
57308000 |
59009000 |
54377000 |
79126000 |
80716000 |
|
|
|
Liabilities |
11733000 |
12938000 |
6753000 |
10975000 |
13200000 |
|
|
|
Net
Assets |
45575000 |
46071000 |
47624000 |
68151000 |
67516000 |
|
|
| Registered Office: Cnr Manuaute & Miriama St Taumarunui |
Mailing address: P.O. Box 363 Taumarunui |
| Directors: |
Secretary: Geoffrey Bell |
| Auditors: Ernst & Young |
Solicitors: |
| Bankers: |
Registrar: Link Market Services |
| Other: |
|
| Other |
Company balance date: 31 March
Last updated: 07/01/2007
