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

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