New Zealand Gazette – 1999 – No. 120

Page 2858

✨ Financial Performance Measures



2858

NEW ZEALAND GAZETTE

No. 120

Derivation Table Symbol Input Calculations ROF ROE ROI
Earnings before interest and tax (EBIT) a 9,807 9,807 N/A 9,807
Net profit after tax (NPAT) n 5,769 N/A 5,769 N/A
Amortised Goodwill g 0 0 add 0 add 0
Subvention Payment s 3,174 3,174 add 3,174 add 3,174
Depreciation of SFA at BV d 1,549 1,549 deduct 1,549 deduct 1,549
ODV Depreciation tax adjustment 536 0 deduct 536 deduct 536
Subvention Payment tax adjustment b 0 0 deduct 0 deduct 0
Interest Tax Shield q 0 N/A N/A N/A
Revaluations r 0 N/A N/A N/A
Income tax p 4,032 N/A N/A add 4,032
Numerator (as adjusted)
Fixed Assets at year beginning (FA₀) 77,725 No entry 77,725 N/A 6,864
Fixed Assets at year end (FA₁) 75,303 75,303 N/A 77,725
Net Working Capital at year beginning (NWC₀) -6,170 add -6,170 N/A add -6,170
Net Working Capital at year end (NWC₁) -3,833 add -3,833 N/A add -3,833
Average total funds employed (ATFE) c = (FA₀ + FA₁ + NWC₀ + NWC₁)/2 71,470 71,470 divide by 2
Total Equity at year beginning (TE₀) 71,470 No entry 71,470 N/A 71,513
Total Equity at year end (TE₁) 71,470 No entry 71,470 N/A N/A
Average total equity k = (TE₀ + TE₁)/2 128 128 128
WUC at year beginning (WUC₀) 128 128 add 90 add 90
WUC at year end (WUC₁) 90 90 divide by 2 divide by 2
Average total Works under Construction o = (WUC₀ + WUC₁)/2 109 109 109
Revaluations f 0 No entry N/A N/A 0
Goodwill asset at year beginning (GW₀) 0 0 add 0 add 0
Goodwill asset at year end (GW₁) 0 0 divide by 2 divide by 2
Average Goodwill asset m = (GW₀ + GW₁)/2 0 0 0
Subvention payment at year beginning (S₀) 0 0 N/A N/A
Subvention payment at year end (S₁) 0 0 add 0 add 0
Subvention payment tax adjustment at year end 0 0 deduct 0 deduct 0
Average subvention payment & related tax adjustment v = (S₀ + S₁ + S_d1 + S_t)/2 77,597 77,597 N/A
System Fixed assets at year beginning at book value (SFA_b0) 77,597 No entry 77,597 N/A 77,597
System Fixed assets at year end at book value (SFA_b1) 75,213 75,213 add 75,213 add 75,213
Average value of System fixed assets at book value f = (SFA_b0 + SFA_b1)/2 76,405 divide by 2 divide by 2
System Fixed assets at year beginning at ODV value (SFA_od0) 80,700 No entry 80,700 add 80,700 add 80,700
System Fixed assets at year end at ODV value (SFA_od1) 80,002 80,002 add 80,002 add 80,002
Average value of system fixed assets at ODV value h = (SFA_od0 + SFA_od1)/2 80,351 divide by 2 divide by 2
Denominator (as adjusted) 75,350 = c - e - f + h 75,350
Financial Performance Measure:
15.2% 9.1%
NPAI^AOJ / ATE^AOJ x 100/1 = EBIT^AOJ / ATE^AOJ x 100/1 =


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✨ LLM interpretation of page content

💰 Financial Efficiency Performance Measures for Electricity (continued from previous page)

💰 Finance & Revenue
Financial Measures, Efficiency Measures, Electricity, Regulation 15