✨ Financial Performance Measures
3010 NEW ZEALAND GAZETTE No. 125
3.2 Schedule 1 – PART 7
Regulation 16: Derivation of Financial and Efficiency Performance Measures from Financial Statements
As per Regulation 33 we have prepared this information so that it enables a more accurate comparison for this financial year and subsequent financial years.
This has necessitated the estimation of the financial results for the line businesses purchased from TransAlta and Trustpower, as if we had owned these businesses for the full year.
These annualised results have been determined using the most valid information available through a combination of part-year actual results and estimates.
Return on Funds
| Year ended 31 March 99 | Symbol | ROF |
|---|---|---|
| Earnings before interest and tax | A | 133,689,917 |
| Amortised Goodwill | G | + 13,444,000 |
| Subvention Payment | S | - |
| Depreciation of SFA at BV | d1 | 38,529,126 |
| Depreciation of SFA at ODV | d2 | 38,529,126 |
Numerator (as adjusted)
= a + g + s + d
= 147,133,917
| Symbol | ||
|---|---|---|
| Fixed Assets at year beginning | FA₀ | 1,157,218,257 |
| Fixed Assets at year end | FA₁ | + 1,123,159,218 |
| Net Working Capital at year beginning | NWC₀ | (12,068,000) |
| Net Working Capital at year end | NWC₁ | + (22,945,000) |
Average Total Funds Employed
C = (FA₀ + FA₁ + NWC₀ + NWC₁) / 2
= 1,122,682,238
| Works Under Construction at year beginning | WUC₀ | 26,850,658 |
| Works Under Construction at year end | WUC₁ | + 22,239,569 |
Average Total Works Under Construction
e = (WUC₀ + WUC₁) / 2
= 24,545,114
| System fixed assets at year beginning at book value | SFAabv₀ | 1,119,147,000 |
| System fixed assets at year end at book value | SFAabv₁ | + 1,082,807,487 |
Average Value of System Fixed Assets at Book Value
F = (SFAabv₀ + SFAabv₁) / 2
= 1,100,977,244
| System fixed assets at year beginning at ODV value | SFAodv₀ | 1,119,147,000 |
| System fixed assets at year end at ODV value | SFAodv₁ | + 1,082,807,487 |
Average Value of System Fixed Assets at ODV Value
h = (SFAodv₀ + SFAodv₁) / 2
= 1,100,977,244
Denominator (as adjusted)
= c - e + f + h
= 1,098,137,124
Financial Performance Measure
= 13.40%
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VUW Te Waharoa —
NZ Gazette 1999, No 125
NZLII —
NZ Gazette 1999, No 125
✨ LLM interpretation of page content
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Performance Measures and Statistics for Line Owners
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💰 Finance & RevenueFinancial performance, Efficiency performance, Return on funds, Return on equity, Line costs