New Zealand Gazette – 1999 – No. 107

Page 2561

✨ Financial Disclosure



1 SEPTEMBER NEW ZEALAND GAZETTE 2561

Horohoro Energy Limited Line Business – Disclosure 1999

Derivation of financial and efficiency measures from financial statements

Symbol in formula Calculations ROI ROE ROF
a Earnings before interest and tax (EBIT) 3,108,600 N/A 3,108,600
Net profit after tax (NPAT) N/A 2,545,597 N/A
b Amortised Goodwill Add 0 Add 0 Add 0
c Subvention Payment Add 0 Add 0
d Depreciation of SFA at BV Add 368,541 Add 368,541 Add 368,541
e Depreciation of SFA at ODV Deduct 413,941 Deduct 413,941 Deduct 413,941
f ODV depreciation tax adjustment (14,982) (14,982) (14,982)
g Subvention Payment tax shield N/A N/A N/A
h Revaluations N/A N/A N/A
i Income tax Deduct (185,593) Deduct (2,515,179) EBIT ADJ 3,062,600
Numerator (as adjusted) (1,335,037)
1,556,952
j Fixed Assets at year beginning (FA0) N/A N/A
k Total Assets at year beginning (NWC0) 70,125,000 61,415,000
Net working capital at year beginning (NWC1) Add 63,773,000 Divide by 2
l Net working capital at year end (NWC1) (1,062,000) 63,415,597
Average total funds employed (ATFE) Add 2,893,000 62,415,298
m Divide by 2 67,864,500 1,494,569
N/A
Total equity at year beginning (TE0) N/A N/A
n Total equity at year end (TE1) N/A
o Average total equity 1,494,569
Works under construction at year beginning (WUC0) 239,809 239,809
Works under construction at year end (WUC1) 867,189 Divide by 2
p Revaluations N/A 867,189
Goodwill asset at year beginning (GW0) N/A N/A
q Goodwill asset at year end (GW1) 867,189 N/A
Average goodwill asset (1,335,037) N/A
Subvention payment this year (S1)
r Subvention payment for previous year (S0) N/A
s Subvention payment tax adjustment for previous year N/A

Formulae

  • ROI = (a + b + c + (d - e) + f + g + h - i) / (k + m/2)
  • ROE = (a + b + c + (d - e) + f + g + h - i) / ((o + p/2))
  • ROF = (EBIT ADJ) / (k + m/2)

(Note: Several values in the table are marked N/A where not applicable.)



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🏭 Financial and Performance Disclosure by Horowhenua Energy Limited (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Disclosure, Performance Measures, Horowhenua Energy Limited, SAIFI, SAIDI, Reliability Metrics