New Zealand Gazette – 1999 – No. 110

Page 2639

✨ Financial Performance Measures



6 SEPTEMBER

NEW ZEALAND GAZETTE

2639

ALPINE ENERGY LIMITED

Form for Derivation of Financial and Efficiency Performance Measures (from Financial Statements)

Pursuant to Regulation 16 and Part 7 of Schedule 1 of the Electricity Information Disclosure Regulations 1999:

Derivation Table Input Column Symbol Formula
Earnings before interest and tax (EBIT) a Earnings before interest and tax (NPAT1)
Net profit after tax (NPAT) b Amortised Goodwill
Amortised Goodwill c
Depreciation of SFA at ODV d Depreciation of SFA at ODV
Straight line tax adjustment e ODV depreciation tax adjustment
Interest Expense f Net interest expense (adjusted)
Fixed Assets at year beginning (FA0) g Net Working Capital at year beginning (NWC0)
Fixed Assets at year end (FA1) h Net Working Capital at year end (NWC1)
Average total funds employed i = (FA0 + FA1 + NWC0 + NWC1)/2
Total Equity at year beginning (TE0) j
Total Equity at year end (TE1) k
Average total equity l = (TE0 + TE1)/2
WUC at year beginning (WUC0) m Average total assets under construction
WUC at year end (WUC1) n = (WUC0 + WUC1)/2
Revenues o
Cost asset of year ending (GWA) p = GWA + GW1/2
Average Cost asset q
Salvation payment at year end ($) r Salvation payment tax adjustment at year beginning
Salvation payment tax adjustment at year end ($) s = S1
System Fixed assets at year beginning at book value (SFA0) t Average severance payment at year adjustment
System Fixed assets at year end at book value (SFA1) u = (SFA0 + SFA1)/2
Average value of system fixed assets at book value v Average value of system fixed assets at ODV value
System Fixed assets at year beginning at ODV value (SFAODV0) w = (SFAODV0 + SFAODV1)/2
System Fixed assets at year end at ODV value (SFAODV1) x Average value of system fixed assets at ODV adjusted
Financial Performance Measure:
ROI = a / i
ROE = (a + g) / l
ROF = a / (g + k)
Financial Efficiency Measure: EBIT^ADJ x ATE^100/1 =
EBIT × ATE^100/1 = 10.93%

Calculations

Input Column 6,741,739 4,228,039 0 141,000 0 1,189,710 70,671,000 73,099,783 71,885,396 1,123,001 71,812,395 70,671,000 No entry 3,290,000 1,562,478 2,426,239 141,089 70,520,0 No entry 71,667,000 71,965,788 71,816,394 71,657,000 71,965,788 71,811,394
Formula add add add add add add add add add add add add add add add add add add
a deduct deduct deduct
b
c
d add
e add add
a+b = = 2,436,239
= a + d + e = = 2,427,806
= a - b + g = 7,359,207

Key

1 Standard entry tax rate ... lw = as advised

lw = its adjusted

nw = is adjusted deprival valuation

rdv = optimised deprival valuation

of = beginning of the financial year

os = end of the financial year
ROI 6.741,739 add 141,000 0 1,189,710 deduct 1,819,710 0 7,359,707 71,885,788
add 0 141,000 deduct add deduct
2,427,806
2,427,806
ROE 4,852,304 add 141,000 0 1,819,710 add 70,671,000 76,714,004 71,885,884
add 0 deduct deduct 1,502,478 71,204,788
3,290,000 3,290,000
--- --- --- --- --- --- --- --- --- --- ---
ROF 7,413,739 add 141,000 0 1,819,710 deduct 1,502,478 71,885,396
add 0 7,359,707
2,436,239

Financial Performance Measures

  • ROI: = a / i = 6.741,739 / 71,885,788 = 9.38%
  • ROE: = (a + g) / l = 7.359,707 / 71,885,396 = 10.24%
  • ROF: = a / (g + k) = 6.741,739 / 71,332,260 = 9.45%

Financial Efficiency Measure

  • EBIT^ADJ × ATE^100/1 = 10.93%


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✨ LLM interpretation of page content

🏭 Alpine Energy Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Performance, Efficiency Measures, Return on Funds, Return on Equity, Return on Investment, Direct Line Costs, Indirect Line Costs