New Zealand Gazette – 1999 – No. 129

Page 3118

✨ Financial Performance Measures



3118

NEW ZEALAND GAZETTE

No. 129

Notes to and Forming Part of the Financial Statements
For the Year Ended 31 March 1999

Financial Performance Measures Calculation

ROF $000 ROE $000 ROI $000
Earnings before interest and tax 23,515
Net profit after tax 13,102
Amortisation of intangible asset 321 321
Depreciation of SFA at BV 11,128 11,128
Depreciation of SFA at ODV 11,128 11,128
Interest tax shield
Revaluations
Income tax
Numerator (as adjusted) 23,836 13,423
Fixed assets at year beginning 219,168
Fixed assets at year end 268,684
Net working capital at year beginning (2,922)
Net working capital at year end (2,286)
Average total funds employed 241,322
Total equity at year beginning 166,247
Total equity at year end 159,709
Average total equity 162,978
Works under construction at year beginning 1,231 1,231
Works under construction at year end 610 610
Average total works under construction 921 921

Revaluations
System fixed assets at year beginning at BV 219,168 219,168
System fixed assets at year end at BV 268,684 268,684
Average value of system fixed assets at BV 243,926 243,926
System fixed assets at year beginning at ODV 219,168 219,168
System fixed assets at year end at ODV 268,684 268,684
Average value of system fixed assets at ODV 243,926 243,926

Denominator (as adjusted)
240,401 162,058

Financial Performance Measure
9.92% 8.28%

13 CONTINGENT LIABILITIES AND COMMITMENTS

There are no capital commitments as at balance date.



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✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Powerco Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance Measures, Return on Funds, Return on Equity, Return on Investment, Efficiency Performance Measures, Direct Line Cost, Indirect Line Cost, Powerco Limited