New Zealand Gazette – 1999 – No. 125

Page 3011

✨ Financial Performance Report



17 SEPTEMBER NEW ZEALAND GAZETTE 3011

3.2 Schedule 1 – PART 7 (continued)

Return on Equity

Year ended 31 March 99 Symbol ROE
Net profit after tax N + 38,080,841
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
ODV Depreciation tax adjustment B - -
Subvention Payment tax adjustment s * t - -
Numerator (as adjusted) *=n+g+s-st+d-b** 51,524,841
-------------------------------------- --------------------- ----- -------------
Total Equity at year beginning TE₀ 631,783,000
Total Equity at year end TE₁ + 597,601,000
Average Total Equity K= (TE₀+TE₁)/2 /2 614,692,000
-------------------------------------- --------------------- ----- -------------
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 /2 24,545,114
-------------------------------------- --------------------- ----- -------------
Goodwill asset at year beginning GW₀ 1,750,000
Goodwill asset at year end GW₁ + 1,662,500
Average Goodwill Asset m= (GW₀+GW₁)/2 /2 1,706,250
-------------------------------------- --------------------- ----- -------------
Subvention payment for previous year S₀ -
Subvention payment for this year S₁ + -
Subvention payment tax adjustment for previous year =S₀*t - -
Subvention payment tax adjustment for this year =S₁*t - -
Average Subvention Payment & Related Tax Adjustment v= (S₀+S₁-S₀t-S₁t)/2 /2 -
-------------------------------------- --------------------- ----- -------------
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 /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 /2 1,100,977,244
-------------------------------------- --------------------- ----- -------------
Denominator (as adjusted) =k-e-m+v-f+h 588,440,636
-------------------------------------- --------------------- ----- -------------
Financial Performance Measure 8.76%


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✨ LLM interpretation of page content

💰 Performance Measures and Statistics for Line Owners (continued from previous page)

💰 Finance & Revenue
Financial performance, Return on Equity, Net profit, Total Equity, Works Under Construction, Goodwill asset, Subvention payment, System fixed assets