New Zealand Gazette – 1999 – No. 113

Page 2693

✨ Financial Performance Measures



8 SEPTEMBER
NEW ZEALAND GAZETTE
2693

WAITAKI POWER LIMITED

DERIVATION OF FINANCIAL AND EFFICIENCY PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 1999

Numerator (as adjusted) Symbol Calculations Before Discount After Discount
Earnings before int and tax EBIT a ROF ROF
Net profit after tax NPAT n 2110610 1890795
Amortised Goodwill g 0 0
Subvention Payment s 1301171 1153874
Depreciation of SFA at BV d 0 0
Depreciation of SFA at ODV 825089 825089
ODV Depreciation tax adjustment 1441230 1441230
Subvention Payment tax adjustment b -203327 -203327
Interest Tax Shield q 0 0
Revaluation r 14901 14901
Income tax p 0 0
Fixed assets at year beginning (FA₀) 764314 764314
Fixed assets at year end (FA₁) 1494500 1274654
Net Working Capital at year beginning (NWC₀) 8065236 8065236
Net Working Capital at year end (NWC₁) 8196323 8196323
Average total funds employed (ATFE) c = (FA₀ + FA₁ + NWC₀ + NWC₁)/2 8065236 8065236
Total Equity at year beginning (TE₀) 0 0
Total Equity at year end (TE₁) 11221023 11221023
Average total equity k = (TE₀ + TE₁)/2 0 0
Works under construction at beginning (WUC₀) 8941972 8941972
Works under construction at year end (WUC₁) 12651759 12651759
Average total Works under Construction e = (WUC₀ + WUC₁)/2 0 0
Revaluations 10796866 10796866
Goodwill asset at year beginning (GW₀) 0 0
Goodwill asset at year end (GW₁) 0 0
Average Goodwill Asset m = (GW₀ + GW₁)/2 0 0
Subvention payment for previous year (S₀) 0 0
Subvention payment for this year (S₁) 0 0
Subvention payment tax adjustment for previous year 0 0
Subvention payment tax adjustment for this year 0 0
Average subvention payment & related tax adjustment v = (S₀ + S₁ + S₀t + S₁t)/2 0 0
System Fixed assets at year beginning at book value (SFA_by₀) 7632839 7632839
System Fixed assets at year end at book value (SFA_by₁) 7912675 7912675
Average value of system fixed assets at book value f = (SFA_by₀ + SFA_by₁)/2 7772757 7772757
System Fixed assets at year end at ODV value (SFA_odv₀) 40361715 40361715
System Fixed assets at year end at ODV value (SFA_odv₁) 39821699 39821699
Average value of system fixed assets at ODV value h = (SFA_odv₀ + SFA_odv₁)/2 40091707 40091707
Denominator (as adjusted) 43539973 43115816
Financial Performance Measure: 3.43% 2.93%
1.77%


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✨ LLM interpretation of page content

🏭 Derivation of Financial and Efficiency Performance Measures for Waitaki Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Performance Measures, Waitaki Power Limited, 1999