Each quarter we report on our progress toward delivering the commitments set out in our statement of performance expectations. At the end of quarters one, two and three we prepare detailed quarterly reports on our performance measures, significant activities, significant capital projects and financial performance.
Our latest quarterly report is for 1 January 2024 to 31 March 2024 [PDF, 1.1 MB]
Note: After the end of each financial year (quarter four) we prepare our annual reports, which provide a detailed account of our overall performance for the year:
This quarterly report takes us to the halfway mark in our financial year, and we’re pleased to report that we’re making steady progress – excellent progress in some cases – on the Key Result Areas and stretch targets that guide our focus on delivering cost-effective transport solutions that help New Zealand thrive.
Highlights from our Q2 results for the period 1 October to 31 December 2014 include:
We continue to take steps to make it easy for customers to do business with us. In December we launched a revamped, easy-to-use driver licensing section of our public website. This is the initial stage of a comprehensive website redesign that reflects customer feedback.
Public transport patronage in our three largest centres continues to gain traction. In Auckland, patronage increased 8.5% in the quarter compared to the same period the previous year. In Wellington, patronage posted its fourth consecutive quarterly increase. In Christchurch, patronage increased for the 11th consecutive quarter.
We’re making good progress toward our goal of delivering a high productivity national freight network. In the process we’re seeing a new generation of safer, more fuel-efficient trucks that require fewer trips to carry the same amount of freight.
We’re working closely with our road safety partners to develop a new national direction and guidance on speeds that are right for road function, design, safety and use. Consultation on a draft speed management guide is now underway. Speed indicators indicate a significant reduction in the number of vehicles that exceed posted speed limits.
By the end of December, 57 of the 67 local road networks have been classified using the new One Network Road Classification, which will help ensure value-for-money investment decisions that deliver the right level of service for our roads.
We’re on schedule with planning and delivery for the Auckland Accelerated Transport Programme and for the Regional Roads and Urban Cycleway programmes. And we’re on track or ahead of schedule on four of the six remaining Roads of National Significance.
Revenue for the quarter closely reflected our forecast. Although NLTP expenditures are slightly under budget at the mid-year point, our focus continues to be on expenditures that deliver the best value for money for New Zealand.
Lower crude oil prices was a headline story in the quarter. Although it remains to be seen whether this signals a long-term trend, the short-term impact has been a 13.3% decrease in our bitumen cost index. Bitumen is a core component of road construction and road maintenance costs.
For more information, read the full report at Quarterly results and insights - 2015 second quarter [PDF, 9.8 MB](PDF, 122 pages, 9.87MB).
