✨ Financial Disclosure
NEW ZEALAND GAZETTE
No. 107
Horowhenua Energy Limited Line Business – Disclosure 1999
| Symbol in formula | Calculations | ROF | ROE |
|---|---|---|---|
| v | =((s+h)*(1-t)/2 | N/A | 0 |
| ÷((s2+s1)/2+Ts+Tp) | Divide by 2 | ||
| f | = (SFAbv0) | 66,045,583 | 66,045,583 |
| = (SFAend+SFAstart)/2 | Add | Add | |
| System fixed assets at book value (SFAbv0) | 60,969,000 | 60,969,000 | |
| h | = (SFZodv1) | Divide by 2 | Divide by 2 |
| = (SFAodvstart+SFAodvend)/2 | 63,507,292 | 63,507,292 | |
| System Fixed assets at year end at ODV value | Add | Add | |
| (SFAodv1) | 66,045,583 | 66,045,583 | |
| Systems fixed assets at year beginning at ODV value | Divide by 2 | Divide by 2 | |
| (SFZodv0) | 60,969,000 | 60,969,000 | |
| Denominator (as adjusted) | 63,507,292 | 63,507,292 | |
| Financial Performance Measures | 4.09% | 4.57% | |
| = e=c-m-r-f+h | 61,548,109 | ||
| = EBIT ADJ/ATE | ÷ NPAT ADJ/ATE | NPAT ADJ/ATE ADJ x 100/1 | |
| ADJ = 100/1 | x 100/1 | x 100/1 | |
| EBIT ADJ/ATE | 67,664,830 | ||
| 2.30% |
Key
T = standard entity tax rate
By = book value
Ave = average
ADJ = as adjusted
ODV = optimised deprival valuation
Subscript '1' = beginning of the financial year
Subscript '0' = end of the financial year
ROF = return on funds
ROE = return on equity
ROI = return on investment
Note: The system fixed assets at year beginning take into account changes from the ODV valuation, as at 1 April 1998. These changes are not reflected in the comparative amounts in the financial statements.
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VUW Te Waharoa —
NZ Gazette 1999, No 107
NZLII —
NZ Gazette 1999, No 107
✨ LLM interpretation of page content
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Financial and Performance Disclosure by Horowhenua Energy Limited
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