Genesis Power Ltd (Genesis)

Genesis is a generator, wholesaler and retailer of energy. Its main assets are the Huntly power station (New Zealand’s largest) and the Tongariro and Waikaremoana power schemes. With over 700,000 customers, Genesis is also New Zealand’s largest electricity and gas retailer.

Website: www.genesisenergy.co.nz (opens in a new window)

2009/10-2014 Statement of Corporate Intent (.pdf, 217kB)

Key Company Information

Key Company Data - Genesis Power Ltd (Genesis)
Company Form	State-owned enterprise
Year of Establishment	1998
Head Office	Auckland
Chair (term expiry)	Rt Hon Dame Jenny Shipley (October 2012)
Deputy Chair	Joanna Perry (April 2013)
Board Membership	John Dell (April 2013) Dr Nicki Crauford (October 2010) Barbara Elliston (April 2011) Rukumoana Schaafhausen (April 2013) Graeme Milne (April 2012) Denis Wood (April 2012)
CEO	Albert Brantley
Balance Date	30 June
Number of FTE Staff	513

Key Financial Data

Genesis Power Ltd (Genesis)
Key Financial Data ($million)	2004/05	2005/06	2006/07	2007/08	2008/09
Operating Revenue	1493.4	1979.3	1769.6	2480.2	1957.1
EBITDAF	178.4	209.0	181.5	344.2	208.9
Net Profit After Tax	70.2	83.7	61.3	99.1	-135.7
Shareholder Equity	1369.6	1453.2	1504.9	1406.8	1392.8
Assets	1867.4	2041.5	2182.7	2706.7	2585.4
Dividends	0.0	0.0	24.5	39.6	20.8
Return on Equity	5.9%	5.9%	4.1%	6.8%	-9.7%
Return on Assets	7.7%	7.3%	4.9%	6.9%	-6.6%
Gearing	15.1%	17.0%	20.8%	27.6%	30.0%

Financial data correct as at 30 June 2009.