New Zealand Gazette – 1999 – No. 116

Page 2797

✨ Financial Derivation Table



NEW ZEALAND GAZETTE

10 SEPTEMBER

Derivation Table

Financial Performance Measure: ROI ROE ROF
Symbol in formula
a 2,739,519 N/A 2,739,519
b 1,405,682 N/A 1,405,642
c 228,528 228,528 228,528
d 228,028 N/A N/A
e 75,414 75,414 75,414
f 365,404 N/A N/A
g 298,741 N/A 298,747
h 1,286,589 1,549,806 N/A
i - N/A 1,186,677
k - N/A 104,762
Input Column No entry No entry No entry
Net profit after tax (NPAT) 2,739,519 - 2,739,519
Amortised Goodwill 1,405,682 - 1,405,642
Subvention Payment 228,528 228,528 228,528
Depreciation of SPA at BV 228,028 - N/A
ODV Depreciation tax adjustment 75,414 75,414 75,414
Subvention Payment Shield - - N/A
Interest Tax Shield 365,404 - N/A
Revaluations 1,295,471 - 2,968,074
Numerator (as adjusted) add a+g+i+r+s+d+f p-t* n = g + s + d + b add a+d
Fixed Assets at year end (FAe) 71,186,777 N/A 71,186,777
Net Working Capital at year beginning (NWC0) 104,244 N/A 104,244
Net Working Capital at year end (NWCn) 9,146,762 N/A 9,146,762
Average total funds employed (ATFE) N/A 76,012,864 divide by 2
Total Equity at year beginning (TE0) 70,566,838 add k/j N/A
Total Equity at year end (TEn) 72,573,436 N/A N/A
Average total equity 71,569,883 divide by 2 N/A
WUC at year beginning (WUC0) 535,139 N/A N/A
WUC at year end (WUCn) 543,490 add N/A
Average total Works under Construction 539,312 divide by 2 N/A
Revaluations 1,386,583 N/A N/A
Goodwill asset at year beginning (GW0) N/A 739,312 N/A
Average Goodwill asset - divide by 2 0
Subvention payment at year beginning (Se) 0 0 0
Subvention payment tax adjustment at year beginning - 0 0
Subvention payment tax adjustment at year end 0 0 0
System Fixed assets at year beginning of related tax value (SFAe0) 48,906,185 N/A N/A
System Fixed assets at year end at book value (SFAen) 48,906,185 add 48,906,185
Average value of system fixed assets at book value 70,463,320 divide by 2 70,463,320
System Fixed assets at year beginning at ODV value (SFAodv0) 59,684,753 add 69,205,389
System Fixed assets at year end at ODV value (SFAodvn) 69,834,355 add 70,463,320
Average value of system fixed assets at ODV value 69,834,355 divide by 2 69,834,355

Calculations:

ROI (Return on Investment):

  • a + d + g + i + r + s + d + f = 2,739,519 + add
  • divide by (c: ATFE^40) 76,012,864 ... 4.3%

ROE (Return on Equity):

  • n = g + s + d + b = 1,549,806
  • divide by 2 (average equity) 71,569,883 ... 1.92%

ROF (Return on Funds):

  • a + g + i + r = 2,968,074
  • divide by (c: ATFE^40) 85,473.154 ... 3.47%

Denominator (as adjusted):

  • EBIT^40/ATFE^40 x 100/i = c ÷ i/h
  • PAT^40/ATE^40 x 100/i = k ÷ m × i ÷ h


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