New Zealand Gazette – 1999 – No. 143

Page 3427

✨ Financial Performance Report



8 OCTOBER

NEW ZEALAND GAZETTE

3427

Derivation Table Symbol in formula Input Column Calculations ROF ROE ROI
Earnings before interest and tax (EBIT) a 8,003,061 8,003,061 N/A 8,003,061
Net profit after tax (NPAT) n 5,177,784 N/A 5,177,784 N/A
Amortised Goodwill s 0 add 0 add 0
Subvention Payment s 0 add 0 add 0
Depreciation of SFA at BV d 2,255,186 add 2,255,186 add 2,255,186
ODV Depreciation tax adjustment b 2,611,230 deduct 2,611,230 deduct 2,611,230
Subvention Payment tax adjustment q -117,484 N/A deduct -117,484
Interest Tax Shield r 899 N/A N/A 899
Revaluations p 0 N/A N/A 0
Income tax 3,044,039 N/A add 3,044,039
Numerator (as adjusted) No entry = a + g + s + d 7,647,017 = n + g + s - s't + d - b 4,939,235
Fixed Assets at year beginning (FA₀) 93,417,000 93,417,000 N/A 93,417,000
Fixed Assets at year end (FA₁) 74,336,499 74,396,499 N/A 74,396,499
Net Working Capital at year beginning (NWC₀) -1,359,399 -1,359,399 N/A -1,359,399
Net Working Capital at year end (NWC₁) 9,509,872 9,509,872 N/A 9,509,872
Average total funds employed (ATFE) c = (FA₀ + FA₁ + NWC₀ + NWC₁)/2 divide by 2
Total Equity at year beginning (TE₀) 81,969,466 N/A 81,969,466 N/A
Total Equity at year end (TE₁) k 83,987,864 = (TE₀ + TE₁)/2 N/A add 83,987,864
Average total equity No entry N/A divide by 2 82,978,665
WUC at year beginning (WUC₀) 176,934 176,934 N/A 176,934
WUC at year end (WUC₁) e 0 = (WUC₀ + WUC₁)/2 divide by 2
Average total Works under Construction No entry N/A N/A N/A
Revaluations r -1,364,647 N/A N/A -1,364,647
Goodwill asset at year beginning (GW₀) 0 = (GW₀ + GW₁)/2 N/A 0 N/A
Goodwill asset at year end (GW₁) m 0 N/A add 0
Average Goodwill asset No entry N/A divide by 2 0
Subvention payment at year beginning (S₀) 0 = s₀.t N/A 0 N/A
Subvention payment at year end (S₁) 0 = s₁.t N/A add 0
Subvention payment tax adjustment at year beginning 0 N/A deduct 0
Subvention payment tax adjustment at year end v 0 = (s₀ + s₁ + s₀.t + s₁.t)/2 N/A
Average subvention payment & related tax adjustment No entry N/A divide by 2 0
System Fixed assets at year beginning at book value (SFAbv,₀) 74,067,931 74,067,931 74,067,931 74,067,931
System Fixed assets at year end at book value (SFAbv,₁) 70,210,000 = (SFAbv,₀ + SFAbv,₁)/2 70,210,000 add 70,210,000
Average value of system fixed assets at book value f No entry 72,138,966 divide by 2 72,138,966
System Fixed assets at year beginning at ODV value (SFAodv,₀) 86,917,000 86,917,000 add 86,917,000
System Fixed assets at year end at ODV value (SFAodv,₁) 86,917,000 = (SFAodv,₀ + SFAodv,₁)/2 86,917,000 add 86,917,000
Average value of system fixed assets at ODV value h No entry 86,917,000 divide by 2 86,917,000
Denominator (as adjusted) = c - e - m + v - f + h 102,871,554 = k - e - m + v - f + h 97,868,232
Financial Performance Measures
EBIT⁽°⁾/ATFE⁽°⁾ x 100/1 = 7.45% NPAT⁽°⁾/ATFE⁽°⁾ x 100/1 = 5.06% EBIT⁽°⁾/ATFE⁽°⁾ x 100/1 = 4.57%

Note: Per a MOC recommendation, the revaluation of Land & Buildings has been omitted from the nominator for the purposes of calculating the performance measures.

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



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🏭 Network Tasman Limited Line Business Financial Statements for 1999 (continued from previous page)

🏭 Trade, Customs & Industry
2 September 1999
Financial Performance, Revenue, Earnings, Taxation, Dividends, Network Tasman Limited