New Zealand Gazette – 1999 – No. 169

Page 4035

✨ Financial Derivation Table



DEPARTMENT OF INTERNAL AFFAIRS
THE NEW ZEALAND GAZETTE
12 NOVEMBER
PUBLISHED BY AUTHORITY OF DEPARTMENT OF INTERNAL AFFAIRS, WELLINGTON, NEW ZEALAND - 1999

![Coat of Arms Omitted]

Derivation Table

Symbol in formula Input Column Calculations ROF ROE ROI
Earnings before interest and tax (EBT) 4,022 4,022
Net profit after tax (NPAT) a N/A 2,693 N/A
Amortised Goodwill n add
Subvention Payment g
Subvention payment at DV s 958 add 958 add
Depreciation of SFA at ODV d 4,092 4,092
OGV Depreciation tax adjustment b -1,034 deduct -1,034 deduct
Subvention Payment tax adjustment -311 -311
Interest Tax Shield 3 3
Revaluations r 55 add 55 N/A 55
Income tax p -1,321 deduct -1,321 -1,321
Numerator (as adjusted) No entry = a + g + s + d 888 = n + d + g - c' + s - d + b 593

| Fixed Assets at year beginning (FA₀) | | 19,259 | | | | 19,259 |
| Fixed Assets at year end (FA₁) | | 16,308 | add | 16,308 | | 16,308 |
| Net Working Capital at year beginning (NWC₀) | | 8,163 | add | 8,163 | | 8,163 |
| Net Working Capital at year end (NWC₁) | | 9,970 | add | 9,970 | | 9,970 |
| Average total funds employed (ATFE) | c | No entry | = (FA₀ + FA₁ + NWC₀ + NWC₁)/2 | divide by 2 | 26,850 | divide by 2 | 26,850 |

| Total Equity at year beginning (TE₀) | | 17,891 | | | 17,891 | |
| Total Equity at year end (TE₁) | | 16,591 | add | 16,591 | | |
| Average total equity | k | No entry | = (TE₀ + TE₁)/2 | divide by 2 | 17,241 | |

| WUC at year beginning (WUC₀) | | 83 | | | 83 | 83 |
| WUC at year end (WUC₁) | | 47 | add | 47 | | 47 |
| Average total Works under Construction | e | No entry | = (WUC₀ + WUC₁)/2 | divide by 2 | 65 | divide by 2 | 65 |

| Revaluations | r | 55 | | | 55 | |

| Goodwill asset at year beginning (GW₀) | | 0 | | | N/A | |
| Goodwill asset at year end (GW₁) | | 0 | add | 0 | | |
| Average Goodwill asset | m | No entry | = (GW₀ + GW₁)/2 | divide by 2 | 0 | |

| Subvention payment at year beginning (S₀) | | 0 | | N/A | | |
| Subvention payment at year end (S₁) | | 0 | add | 0 | | |
| Subvention payment tax adjustment at year beginning | | s₀¹ | | N/A | | |
| Subvention payment tax adjustment at year end | | s₁¹ | No entry | deduct | 0 | deduct | 0 |
| Average subvention payment & related tax adjustment | v | No entry | = (s₀ + s₁ + s₀¹ + s₁¹)/2 | | 0 | |

| System Fixed assets at year beginning at book value (SFA₀bv) | | 14,180 | add | 14,180 | add | 14,180 |
| System Fixed assets at year end at book value (SFA₁bv) | | 13,548 | add | 13,548 | add | 13,548 |
| Average value of system fixed assets at book value | l | No entry | = (SFA₀bv + SFA₁bv)/2 | divide by 2 | 13,865 | divide by 2 | 13,865 |

| System Fixed assets at year beginning at ODV value (SFA₀odv) | | 55,560 | add | 55,560 | add | 55,560 |
| System Fixed assets at year end at ODV value (SFA₁odv) | | 55,560 | add | 55,560 | add | 55,560 |
| Average value of system fixed assets at ODV value | h | No entry | = (SFA₀odv + SFA₁odv)/2 | divide by 2 | 55,560 | divide by 2 | 55,560 |

| Denominator (as adjusted) | | | = c - e + l + h | 68,481 | = k + o + m + v + l + h | 58,872 | = c - ½r + l + h | 68,453 |

| Financial Performance Measure | | EBIT^ADJ/(ATFE^ADJ) x 100 | 1.30% | PAT^ADJ/(ATE^ADJ) x 100 | 1.01% | EBIT^ADJ/(ATFA^ADJ) x 100 | 0.95% |

Key

  • t = standard entity tax rate
  • bv = book value
  • ADJ = as adjusted
  • ODV = optimised deprival valuation
  • subscript '0' = beginning of the financial year
  • subscript '1' = end of the financial year

PDF embedding disabled (Crown copyright)

View this page online at:


VUW Te Waharoa — PDF NZ Gazette 1999, No 169


NZLII — PDF NZ Gazette 1999, No 169




✨ LLM interpretation of page content

💰 Certification of Valuation Report for Eastland Network Limited (continued from previous page)

💰 Finance & Revenue
Audit, Certification, Valuation report, Fixed assets, Eastland Network Limited, ODV Handbook