New Zealand Gazette – 1999 – No. 128

Page 3088

✨ Financial Performance Measures



MAINPOWER NEW ZEALAND LTD ELECTRICITY
(INFORMATION DISCLOSURE) Derivation Table SCH 1 Pt 7

Symbol in formula Input Column Calculations RETURN ON FUNDS RETURN ON EQUITY RETURN ON INVESTMENT
Earnings before interest and tax (EBIT) a 4,210 4,210 N/A 4,210
Net profit after tax (NPAT) n 3,196 N/A 3,196 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 2,183 add 2,183 add 2,183 add 2,183
Depreciation of SFA at ODV 3,299 deduct 3,299 deduct 3,299 deduct 3,299
ODV Depreciation tax adjustment b 368 s*t N/A deduct 368 deduct 368
Subvention Payment tax adjustment 0 N/A deduct 0 deduct 0
Interest Tax Shield q 0 N/A N/A deduct 0
Revaluations r 1,916 N/A N/A add 1,916
Income tax p 1,012 N/A N/A deduct 1,012
Numerator (as adjusted) No entry = a + g + s + d 3,094 *= n + g + s - st + d - b** 1,712 *= a + g - q + r + s + d - p - st - b** 3,630
Fixed Assets at year beginning (FA₀) 84,525 84,525 N/A 84,525
Fixed Assets at year end (FA₁) 86,159 add 86,159 N/A add 86,159
Net Working Capital at year beginning (NWC₀) (735) add (735) N/A add (735)
Net Working Capital at year end (NWC₁) 1,973 add 1,973 N/A add 1,973
Average total funds employed (ATFE) c No entry = (FA₀ + FA₁ + NWC₀ + NWC₁)/2 85,961 N/A divide by 2 85,961
Total Equity at year beginning (TE₀) 82,952 N/A 82,952 N/A
Total Equity at year end (TE₁) 88,065 N/A add 88,065 N/A
Average total equity k No entry = (TE₀ + TE₁)/2 N/A divide by 2 85,509 N/A
WUC at year beginning (WUC₀) 0 0 0 0
WUC at year end (WUC₁) 0 add 0 add 0 add 0
Average total Works under Construction c No entry = (WUC₀ + WUC₁)/2 0 divide by 2 0 divide by 2 0
Revaluations r 1,916 N/A N/A 1,916
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 N/A
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 + s₀·t + s₁·t)/2 N/A divide by 2 0 N/A
System Fixed assets at year beginning at book value (SFAₘ₀) 83,020 83,020 83,020 83,020
System Fixed assets at year end at book value (SFAₘ₁) 84,937 add 84,937 add 84,937 add 84,937
Average value of system fixed assets at book value f No entry = (SFAₘ₀ + SFAₘ₁)/2 83,979 divide by 2 83,979 divide by 2 83,979
System Fixed assets at year beginning at ODV value (SFAₒ₀) 83,020 add 83,020 add 83,020 83,020
System Fixed assets at year end at ODV value (SFAₒ₁) 84,937 add 84,937 add 84,937 add 84,937
Average value of system fixed assets at ODV value h No entry = (SFAₒ₀ + SFAₒ₁)/2 83,979 divide by 2 83,979 divide by 2 83,979
Denominator (as adjusted) = c - e - f + h 85,961 = k - e - m + v - f + h 85,509 = c - e - ½r - f + h 85,003
Financial Performance Measure: EBIT^ADJ/ATFE^ADJ x 100/1 = 3.60% NPAT^ADJ/ATE^ADJ x 100/1 = 2.00% EBIT^ADJ/ATFE^ADJ x 100/1 = 4.27%

NEW ZEALAND GAZETTE
No. 128
3088



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🏭 Disclosure of Financial Performance Measures for MainPower New Zealand Ltd (continued from previous page)

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Financial Performance, Efficiency Measures, Return on Funds, Return on Equity, Return on Investment, MainPower New Zealand Ltd