Financial Performance Measures




NEW ZEALAND GAZETTE

No. 125

3.2 Schedule 1 – PART 7 (continued)

Return on Investment

Year ended 31 March 99 Symbol ROI
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
ODV Depreciation tax adjustment b -
Subvention Payment tax adjustment s * t -
Interest Tax Shield q 24,521,420
Revaluations r -
Income tax p - 21,399,743

Numerator (as adjusted)
= a + g + q + r + s + d1 - p - s * t - b
101,212,754

Symbol Value
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
= ((FA₀ + FA₁) + (NWC₀ + NWC₁)) / 2
1,122,682,238

Symbol Value
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
= (WUC₀ + WUC₁) / 2
24,545,114

Symbol Value
Revaluations r -
System fixed assets at year beginning at book value SFAbv₀ 1,119,147,000
System fixed assets at year end at book value SFAbv₁ + 1,082,807,487

Average Value of System Fixed Assets at Book Value
= (SFAbv₀ + SFAbv₁) / 2
1,100,977,244

Symbol Value
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
= (SFAodv₀ + SFAodv₁) / 2
1,100,977,244

Denominator (as adjusted)
= c - e - .5 * f + h
1,098,137,124

Financial Performance Measure
9.22%



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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 Investment, Earnings before interest and tax, Amortised Goodwill, Subvention Payment, Depreciation, System fixed assets, Net Working Capital, Works Under Construction