New Zealand Gazette – 1999 – No. 121

Page 2894

✨ Financial Performance Table



NEW ZEALAND GAZETTE

No. 121

Derivation Table

(Interest and Tax (EBIT) Amended Goodwill Adjustment Payment Subordination of SPA and BV Depreciation of SPA OGV Decretion of Plant Tax Adjustment Interest: Tax-Sweld Renumerations Final and Assets at year end (FA) Net Working Capital at year beginning (NWC₀) Net Working Capital at year end (NWC₁) Average total funds employed (ATFE) Average total funds employed (Excludes MCNs) Total Equity at year beginning (TE₀) Total Equity at year end (TE₁) Excludes MCNs Average total equity WUC at year beginning (WUC₀) WUC at year end (WUC₁) Average total works under construction Revolutions Goodwill asset at year beginning (GW₀) Average Goodwill asset Subvention payment at year beginning (S₀) Subvention payment at year end (S₁) Silverstream payment not distinguished at year end Subvention payment not distinguished at book value (SFA₀) at beginning Average value of system fixed assets at book value (SFA₀) System fixed assets at year end at book value (SFA₁) System fixed assets at year beginning at ODV value (SFA₀ₒ) System fixed value of system fixed assets at ODV value (SFA₁ₒ) Denominator Performance Measure)

Symbol in formula Input Column Calculations ROI ROE ROF
sₜ₁
b 35.03% = a + g 58.063 N/A N/A
a 25.86% = (FA₀ + NWC₀ + GWC₀) 33.099 59.203
g 9.20% deduct deduct add add
p 15.03% deduct 15.034 15.034 15.034
c 15.40% deduct 15.405 15.405 15.605
q 1.22% 1.22 N/A N/A
d 0.94% 1.950 N/A N/A
r 19.50% N/A N/A 19.50%
No entry No entry No entry
e 40.27% = e₀ + k - d - p 37.891 32.839 37.583
e₀ 46.57% add 46.577 46.577 46.577
k 10.95% add 10.951 10.944 10.941
h N/A No entry 465.792 465.792

Key

| | (i) = Standard entry rate for tax at 45c in the $1
| | (ii) = Book value
| | (iii) as averaged over 5 years
| | (iv) = as adjusted
| | (v) = Including Deprival Value
| | (vi) = Excluding Deprival Value
| | (vii) = Subject to beginning of financial year
| | (viii) = End of the financial year

(TE₁-TE₀)/TE₁/2 = (S₁-S₀)/S₁/2 = (GW₁-GW₀)/2 = SFA₀ = SFA₀ₒ EBITⁿ/ATEⁿ x 100/1 PATⁿ/ATEⁿ x 100/1
422.461 397.296 N/A 474.919 439.315 7.57% N/A
add add deduct deduct
divide by 2 divide by 2 add add
269.172 409.172 N/A 47.419 439.315
No entry No entry N/A No entry No entry

| | 3.140 | 1.799 | N/A | 0 | 0 | | |
| | add | add | | 0 | 0 | | |
| | divide by 2 | divide by 2 | | | | | |
| | 2.400 | 2.400 | N/A | | | | |

| | 47.919 | | | 47.919 | 43.915 | 7.57% |
| | deduct | | | add | add | |
| | divide by 2 | | | 439.315 | 457.117 | |

| | | | | 476.505 | 441.052 | |
| | | | | add | add | 4.98% |
| | | | | divide by 2 | divide by 2 |
| | | | | 481.784 | 458.774 |

| | | | | EBITⁿ/ATEⁿ x 100/1 | 8.03% | 11.87% |



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✨ LLM interpretation of page content

🏭 Financial and Efficiency Performance Measures for Orion (continued from previous page)

🏭 Trade, Customs & Industry
15 September 1999
Electricity, Financial Performance, Efficiency Measures, Orion, Regulation 16, Regulation 17, Regulation 18, EBIT, Operating Surplus