New Zealand Gazette – 1999 – No. 105

Page 2513

✨ Foreign Currency Tax Credit Determination Table



NEW ZEALAND GAZETTE

31 AUGUST

2513

Foreign Currency Tax Credit Determination Table

Description Table

Symbol Formula Input Column No (NPAT) Description of data required Financial Performance Measure:
a 1 Net Working Capital at year end (NWCt)
b 2 Net Working Capital at start of year (NWCt-1)
c 3 Amortised Goodwill (AGW)
d 4 Depreciation of SFA at BV
e 5 Subvention Payment
f 6 ODV Decreciation tax adjustment
g 7 Interest Paid on Tax Shelf
h 8 Salvage Value Adjustments
i 9 Revaluations
Number of years adjusted
Fixed Assets at year end (FAt)
Fixed Assets at start of year (FAt-1)
Net Working Capital at year end (NWCt)
Average total funds employed (ATFE)
j 10 Total Equity at year beginning (TEt) = (TEt + TBt)/2
k WUC at year end (WUCt) = (WUCt + WUCt-1)/2
l Goodwill asset at year end (GWt)
m Subvention payment at year end (S)
Subvention payment tax adjustment at year end
n Average Fixed assets at tax book value (SFAavg) = (SFAavg + SFAavg-1)/2
o System Fixed assets at tax book value (SFAso)
p System Fixed assets at ODV value (SFAodv)
Average value of System fixed assets at ODV value

Calculations

ROI Formula Input Column 15.041.367 13.805.743 8.805.741 8.805.741
a = s - t add add add add
b = a - d add deduct add deduct
c add add N/A N/A
e No entry 4,443.816 4,443.816 4,443.816
f No entry 0 0 0
g 846,789 1,639,657 N/A N/A
h 13,804,608 142,828,090 8,895,741 No entry
i No entry No entry N/A N/A
j No entry 7,573,499 N/A 134,204,578
k 109,940,000 101,210,261 N/A 11,623,000
l No entry 1,159,657 N/A N/A
m 10,120,261 N/A N/A
ROE Formula Input Column 11.623.000 10.210.261
a = s - t add add
b = a - d deduct add
c N/A N/A
e 4,443.816 4,443.816
f 0 0
g N/A 453,000
h 2,549,578 2,549,578
i No entry 1,501,289
j N/A N/A
k 453,000 1,501,289
ROF Formula Input Column 15,041,367 15,041,367 13.404.600 13.404.600
a = s + g add add add add
b = a - d deduct deduct add deduct
c 15,041,367 134,828,090 N/A 13,401,000
e 8,754,913 134,760,399 N/A 2,962,078
f 134,760,399 N/A N/A 13,401,000
g No entry 453,000 N/A N/A
h N/A 2,549,578 125,810,969 125,451,540

Key

Financial Performance Measure:

  • ROI: Return on Investment

    • c = EBIT^(adj) / ATFE^(adj) x (total adj. = a + b)

  • ROE: Return on Equity

    • N/A for calculation formula specifics

  • ROF: Return on Funds

    • c = EBIT^(adj) / (ATFE^(adj) + f) x (total adj. = a + b + d)

  • s = stock entity tax rate average

  • add = add back value

  • ODV = optimised deprival valuation

Note: ATFE = Average Total Funds Employed



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🏭 Regulation 22: Reliability Performance Measures (continued from previous page)

🏭 Trade, Customs & Industry
Reliability, Performance Measures, Electricity, Regulations, CAIDI, Targets

💰 Foreign Currency Tax Credit Determination Table

💰 Finance & Revenue
Foreign Currency, Tax Credit, Determination Table, Financial Performance Measures