New Zealand Gazette – 1999 – No. 117

Page 2819

✨ Financial Performance Measures



13 SEPTEMBER

NEW ZEALAND GAZETTE

2819

Derivation Table Symbol in formula Input Column Calculations ROF ROE ROI
Earnings before interest and tax (EBIT) a 3,018,000 3,018,000 N/A 3,018,000
Net profit after tax (NPAT) n 2,022,000 N/A 2,022,000 N/A
Amortised Goodwill g 0 add 0 add 0
Depreciation of SFA at BV d 2,269,000 add 2,269,000 add 2,269,000
Depreciation of SFA at ODV b 2,070,000 deduct 2,070,000 deduct 2,070,000
ODV Depreciation tax adjustment 64,680 deduct 64,680 deduct 64,680
Subvention Payment tax adjustment 0 0 0
Interest Tax Shield q 328,680 deduct 328,680
Revaluations r 12,008,000 add 12,008,000
Numerator (as adjusted) p 29,828,000 = a + g + s - d + b 3,217,000 29,828,000 29,828,000
Fixed Assets at year beginning (FA₀) 29,828,000 add 29,828,000 add 29,828,000
Fixed Assets at year end (FA₁) 31,574,000 add 31,574,000 add 31,574,000
Net Working Capital at year beginning (NWC₀) -1,975,000 add -1,975,000 add -1,975,000
Net Working Capital at year end (NWC₁) 1,084,000 add 1,084,000 add 1,084,000
Average total funds employed (ATFE) c 29,171,500 = (FA₀ + FA₁ + NWC₀ + NWC₁)/2 divide by 2 29,171,500 divide by 2 29,171,500
Total Equity at year beginning (TE₀) 27,729,000
Total Equity at year end (TE₁) 29,600,000
Average total equity k No entry = (TE₀ + TE₁)/2
WUC at year beginning (WUC₀) 3,168,000 add 3,168,000 add 3,168,000
WUC at year end (WUC₁) 911,000 add 911,000 add 911,000
Average total Works under Construction e No entry = (WUC₀ + WUC₁)/2 divide by 2 2,039,500 divide by 2 2,039,500
Goodwill asset at year beginning (GW₀) 0 0
Goodwill asset at year end (GW₁) 0 0
Average Goodwill asset m No entry = (GW₀ + GW₁)/2 divide by 2 0 divide by 2 0
Subvention payment at year beginning (S₀) 0 0
Subvention payment at year end (S₁) 0 0
Subvention payment tax adjustment at year beginning 0 0
Subvention payment tax adjustment at year end 0 0
Average subvention payment & related tax adjustment v No entry = (S₀ + S₁ + S₀ᵗ + S₁ᵗ)/2
System Fixed assets at year beginning at book value (SF Abook,0) 22,109,000 add 22,109,000 add 22,109,000
System Fixed assets at year end at book value (SF Abook,1) 24,861,000 add 24,861,000 add 24,861,000
Average value of system fixed assets at book value f No entry = (SF Abook,0 + SF Abook,1)/2 divide by 2 23,485,000 divide by 2 23,485,000
System Fixed assets at year beginning at ODV value (SF Aodv,0) 51,332,000 add 51,332,000 add 51,332,000
System Fixed assets at year end at ODV value (SF Aodv,1) 63,972,000 add 63,972,000 add 63,972,000
Average value of system fixed assets at ODV value h 57,652,000 = (SF Aodv,0 + SF Aodv,1)/2 divide by 2 57,652,000 divide by 2 57,652,000
Denominator (as adjusted) 60,792,000 = c - e - f + h 60,792,000 60,792,000
Financial Performance Measure:
EBITadj/ATFEadj × 100/1 = 5.25%
EBITadj/ATFEadj × 100/1 = 3.55%
= c - e - m + v - f + h
55,295,000
25.02%

Key: t = standard entity tax rate
bv = book value
ave = average
adj = as adjusted
subscript '0' = beginning of the financial year
subscript '1' = end of the financial year



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🏭 Central Electric Limited Statement of Accounting Policies (continued from previous page)

🏭 Trade, Customs & Industry
Financial Instruments, Credit Risk, Interest Rate Risk, Fair Value, Reconciliation of Net Surplus, Derivation Table, ROF, ROE, ROI, EBIT, NPAT, Amortised Goodwill, Depreciation, Subvention Payment, Interest Tax Shield, Revaluations, Fixed Assets, Net Working Capital, Works under Construction, Goodwill asset, System Fixed assets, Financial Performance Measure