New Zealand Gazette – 1999 – No. 180

Page 4284

✨ Financial Performance Metrics



No. 180

THE NEW ZEALAND GAZETTE

4284

Derivation Table

Description Symbol in formula Input Column Calculations ROF ROE ROI
Earnings before interest and tax (EBIT) a 5,045 5,045 N/A 5,045
Less: Net Financing Cost (NFP) g 3,713 add 3,713 add 3,713
Adjusted Goodwill Amortisation N/a 0 0 0
Subvention Payment s 0 add 0 add 0
Depreciation of SFA at BV 33 add 33 add
Depreciation of SFA at CDV d 1,370 add 1,370 deduct 1,370
ODV Depreciation tax adjustment -441 deduct -441 deduct
Subvention Payment tax adjustment t N/A 0 0 0
Interest Tax Sheild N/A N/A N/A 0
Income Tax p 377 deduct 377 377
Numerator (as adjusted) = a + g + s + d 3,708 = n + g + s - t - d - b 2,817
Fixed Assets at year beginning (FA₀) 37,913 37,913 37,913
Fixed Assets at year end (FA₁) 51,888 add 51,888 51,888
Net Working Capital at year beginning (NWC₀) -2,187 add -2,187 N/A -2,187
Net Working Capital at year end (NWC₁) 0 add 0 N/A 0
Average total funds employed (ATFE) c = (FA₀ + FA₁ + NWC₀ + NWC₁)/2 43,807 divide by 2 43,807
Total Equity at year beginning (TE₀) 31,412 N/A 31,412
Total Equity at year end (TE₁) 39,548 N/A 39,548
Average total equity k = (TE₀ + TE₁)/2 N/A 35,480
WUC at year beginning (WUC₀) 0 add 0 add 0
WUC at year end (WUC₁) 0 add 0 add 0
Average total Works under Construction e = (WUC₀ + WUC₁)/2 0 divide by 2 0
Revaluations r 15,300 N/A 15,300
Goodwill asset at year beginning (GW₀) 0 N/A 0
Goodwill asset at year end (GW₁) 0 N/A 0
Average Goodwill asset m = (GW₀ + GW₁)/2 N/A divide by 2 0
Subvention payment at year beginning (S₀) 0 N/A 0
Subvention payment at year end (S₁) 0 N/A 0
Subvention payment tax adjustment at year beginning 0 N/A 0
Subvention payment tax adjustment at year end 0 N/A 0
Average subvention payment & related tax adjustment v = (s₀ + s₁ + s₀·t + s₁·t)/2 N/A divide by 2 0
System Fixed assets at year beginning at book value (SFA₀BV) 36,533 add 36,533 add 36,533
System Fixed assets at year end at book value (SFA₁BV) 50,332 add 50,332 add 50,332
Average value of system fixed assets at book value f = (SFA₀BV + SFA₁BV)/2 43,433 divide by 2 43,433
System Fixed assets at year beginning at ODV value (SFA₀ODV) 36,533 add 36,533 add 36,533
System Fixed assets at year end at ODV value (SFA₁ODV) 50,332 add 50,332 add 50,332
Average value of system fixed assets at ODV value h = (SFA₀ODV + SFA₁ODV)/2 43,433 divide by 2 43,433
Denominator (as adjusted) = c - e - m - r - f + h 43,839 = k - e - m - v - r + f + h 35,480

Key

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

Financial Performance Measure:

  • EBIT^(ADJ)/ATFE^(ADJ) × 100/1 = 8.48%
  • PAT^(ADJ)/ATE^(ADJ) × 100/1 = 7.64%
  • EBIT^(ADJ)/ATFE^(ADJ) × 100/1 = 51.83%


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🏭 Westpower Limited Financial Statements Notes (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, EBIT, Operating Surplus, Regulation Compliance, Derivation Table, Financial Metrics