New Zealand Gazette – 1999 – No. 126

Page 3032

✨ Financial Performance Measures



3032
NEW ZEALAND GAZETTE
No. 126

Derivation Table - (Without Rebate)

Derivation Table - (Without Rebate) Symbol in formula Input Column Calculations ROF ROE ROI
Earnings before interest and tax (EBIT) a 2,249,771 2,249,771 N/A 2,249,771
Net profit after tax (NPAT) n 557,095 N/A 557,095 N/A
Amortised Goodwill g 0 add 0 add 0 add 0
Subvention Payment s 0 add 0 add 0 add 0
Depreciation of SFA at BV d 2,298,873 add 2,298,873 add 2,298,873 add 2,298,873
Depreciation of SFA at ODV 2,298,873 deduct 2,298,873 deduct 2,298,873 deduct 2,298,873
ODV Depreciation tax adjustment b 0 s*t N/A deduct 0 deduct 0
Subvention Payment tax adjustment 0 N/A deduct 0 deduct 0
Interest Tax Shield q 39,668 N/A N/A deduct 39,668
Revaluations r 0 N/A N/A add 0
Income tax p 1,572,469 N/A N/A deduct 1,572,469
Numerator (as adjusted) No entry = a + g + s + d 2,249,771 = n + g + s - s*t + d - b 557,095
Fixed Assets at year beginning (FA₀) 63,994,837 63,994,837 N/A 63,994,837
Fixed Assets at year end (FA₁) 65,268,898 add 65,268,898 N/A add 65,268,898
Net Working Capital at year beginning (NWC₀) -1,726,091 add -1,726,091 N/A add -1,726,091
Net Working Capital at year end (NWC₁) -3,599,743 add -3,599,743 N/A add -3,599,743
Average total funds employed (ATFE) c No entry = (FA₀ + FA₁ + NWC₀ + NWC₁)/2 divide by 2 61,968,951 N/A
Total Equity at year beginning (TE₀) 55,069,210 N/A 55,069,210 N/A
Total Equity at year end (TE₁) 56,905,983 N/A add 56,905,983 N/A
Average total equity k No entry = (TE₀ + TE₁)/2 N/A divide by 2 55,987,597
WUC at year beginning (WUC₀) 0 add 0 add 0 add 0
WUC at year end (WUC₁) 0 add 0 add 0 add 0
Average total Works under Construction e No entry = (WUC₀ + WUC₁)/2 divide by 2 0 divide by 2
Revaluations r 0 N/A N/A N/A
Goodwill asset at year beginning (GW₀) 0 N/A 0 N/A
Goodwill asset at year end (GW₁) 0 N/A add 0 N/A
Average Goodwill asset m No entry = (GW₀ + GW₁)/2 N/A divide by 2 0
Subvention payment at year beginning (S₀) 0 N/A 0 N/A
Subvention payment at year end (S₁) 0 N/A add 0 N/A
Subvention payment tax adjustment at year beginning 0 = S₀ * t N/A deduct 0 N/A
Subvention payment tax adjustment at year end 0 = S₁ * t N/A deduct 0 N/A
Average subvention payment & related tax adjustment v No entry = (S₀ + S₁ + S₀t + S₁t)/2 N/A divide by 2 0
System Fixed assets at year beginning at book value (SFA₀ᵦᵥ) 60,509,985 60,509,985 60,509,985 60,509,985
System Fixed assets at year end at book value (SFA₁ᵦᵥ) 61,604,319 add 61,604,319 add 61,604,319 add 61,604,319
Average value of system fixed assets at book value f No entry = (SFA₀ᵦᵥ + SFA₁ᵦᵥ)/2 divide by 2 61,057,152 divide by 2
System Fixed assets at year beginning at ODV value (SFA₀ₒ𝒹ᵥ) 60,509,985 add 60,509,985 add 60,509,985 60,509,985
System Fixed assets at year end at ODV value (SFA₁ₒ𝒹ᵥ) 61,604,319 add 61,604,319 add 61,604,319 add 61,604,319
Average value of system fixed assets at ODV value h No entry = (SFA₀ₒ𝒹ᵥ + SFA₁ₒ𝒹ᵥ)/2 divide by 2 61,057,152 divide by 2
Denominator (as adjusted) = c - e - f + h 61,968,951 = k - e - m + v - f + h 55,987,597
Financial Performance Measure: EBITᵃᵈʲ/ATFEᵃᵈʲ x 100/1 = 3.63% NPATᵃᵈʲ/ATEᵃᵈʲ x 100/1 = 1.00%

Key:
t = standard entity tax rate
bv = book value
ave = average
adj = as adjusted
odv = optimised deprival valuation
subscript '0' = beginning of the financial year
subscript '1' = end of the financial year



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🏭 Disclosure of Financial and Efficiency Performance Measures for Electricity Ashburton Limited (continued from previous page)

🏭 Trade, Customs & Industry
Statistics, Electricity, Faults, Interruptions, Performance Measures, CAIDI, SAIDI, SAIFI