Annual Report 2010 - Christchurch City Council

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Orion New Zealand Ltd Group structure Annual Report Christchurch Otautahi 2010 p265. Individual organisation descriptions Orion New Zealand Ltd Orion New Zealand Ltd owns and operates the electricity distribution network in central Canterbury between the Waimakariri and Rakaia Rivers, and as far inland as Arthur’s Pass. The electricity network covers 8,000 square kilometres of diverse geography, including Christchurch City, Banks Peninsula, farming communities and high country. Orion's network delivers electricity to more than 192,000 homes and businesses. Electricity retailers pay Orion for this network delivery service and in turn charge homes and businesses for it. The company invested over $34 million on capital expenditure, including projects to connect new customers, reinforce the network and replace ageing equipment.The second of three phases of a fully integrated network management system was implemented; this is to be completed by April 2011. This will streamline network control room functions and improve management of both day-to-day network operations and major events. Subsidiary companies • Connetics Ltd Nature and scope of activities Orion plans, constructs and maintains a reliable and secure electricity distribution network in the Christchurch and Central Canterbury region. The network’s capacity is matched as closely as possible to actual and forecast market demand for electricity. Orion’s network consists of approximately: 175,000 connections, 12,000 kilometres of lines and cables, and 9,500 distribution substations and pole-mounted transformers. Policies and objectives relating to ownership and control As Orion is considered a regional strategic asset, the Council wants it to be operated in a commercial manner, but also in a way that benefits the region as a whole. Through a Statement of Intent, the Council establishes broad parameters reflecting the public nature of Orion without inhibiting proper commercial management. To continue to do this the Council has a policy of maintaining a controlling interest in this company. Associate companies • 4RF Communications Ltd Key performance targets 2010 2010 Actual Target Overall network - Duration of supply interruptions in minutes per year per connected customer (SAIDI) 70
p266. Annual Report Christchurch Otautahi 2010 Group structure Red Bus Ltd Individual organisation descriptions Red Bus Ltd Red Bus Ltd carries approximately 10.5 million passengers in Christchurch City each year with a fleet of 200 buses, travelling 12.5 million kilometres a year. Its urban public transport services are predominantly contracted to Environment Canterbury, which plans and regulates the city’s public transport. Six routes were lost in the final Environment Canterbury tender round of the year necessitating a business restructure in the new financial year. Thirty five new urban buses, with the latest Euro IV emissions standards, were purchased during the year. Community festivals were supported by arranging transport to outlying areas, such as the Akaroa French Festival, A&P Show, concerts in Waipara, and community events within the city such as the Christchurch Arts Festival, and Ellerslie Flower show. Nature and scope of activities Red Bus Limited provides scheduled urban public passenger transport services in Christchurch. The company also delivers a broad base of charter services and operates some commercial urban services. Policies and objectives relating to ownership and control The Council, through Christchurch City Holdings Limited, is the sole shareholder of this company. It has no plans to sell down or relinquish control of this company. The company has an important role in the city as a provider of quality bus services. Through the negotiation of an annual Statement of Intent, the Council establishes broad parameters for this company without inhibiting proper commercial management. Key performance targets 2010 2010 Actual Target Percentage of service trips starting on time 96.3% ≥99% Percentage of bus fleet with Euro 2 or higher emission compliant engines 79% 85% Complete carbon footprint assessment Achieved Completed Employees holding a NZQA qualification 277 More than 200 Financial summary Statement of financial performance for the year ended 30 June 2010 2010 2009 Actual Actual $000s $000s Operating revenue 33,386 36,907 Operating and other expenses 32,003 30,977 Operating profit (loss) before tax 1,383 5,930 Tax expense (benefit) 264 1,857 Net profit (loss) for the year 1,119 4,073
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Annual Report 2010 - Christchurch City Council

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