New Zealand Gazette – 1999 – No. 194

Page 4648

✨ Financial Performance Metrics



NELSON ELECTRICITY LIMITED

Derivation Table Symbol In formula Input Column Calculations ROF ROE ROI
Earnings before interest and tax (EBIT) a 1,112,423 1,112,423 N/A 1,112,423
Net profit after tax (NPAT) n 617,169 N/A 617,169 N/A
Amortised Goodwill g 0 add 0 add 0
Subvention Payment s 0 add 0 add 0
Depreciation of SFA at BV d 408,615 add 408,615 add 408,615
Depreciation of SFA at ODV 531,827 deduct 531,827 deduct 531,827
ODV Depreciation tax adjustment -40,660 N/A deduct -40,660
Subvention Payment tax adjustment 0 N/A deduct 0
Interest Tax Shield q 52,010 N/A N/A 52,010
Revaluations r 0 N/A add 0
Income tax p 337,647 N/A deduct 337,647
Numerator (as adjusted)
Fixed Assets at year beginning (FA₀) 5,140,000 = a + g + s + d 989,211 = n + g + s - s¹ + d - b 534,617
Fixed Assets at year end (FA₁) 3,543,734 5,140,000 N/A 5,140,000
add 3,543,734 N/A add
Net Working Capital at year beginning (NWC₀) 2,904,000 add 2,904,000
Net Working Capital at year end (NWC₁) 3,127,278 add 3,127,278
Average total funds employed (ATFE) c No entry = (FA₀ + FA₁ + NWC₀ + NWC₁)/2 7,357,506 divide by 2 7,357,506
Total Equity at year beginning (TE₀) 6,163,000 N/A 6,163,000
Total Equity at year end (TE₁) k 4,531,592 N/A add 4,531,592
Average total equity No entry = (TE₀ + TE₁)/2 N/A divide by 2 5,347,296
WUC at year beginning (WUC₀) 0 0 add 0
WUC at year end (WUC₁) 0 0 divide by 2 0
Average total Works under Construction e No entry = (WUC₀ + WUC₁)/2 N/A N/A N/A
Revaluations r 0 N/A 0
Goodwill asset at year beginning (GW₀) 0 N/A add 0
Goodwill asset at year end (GW₁) 0 N/A divide by 2 0
Average Goodwill asset m No entry = (GW₀ + GW₁)/2 N/A 0
Subvention payment at year beginning (S₀) 0 N/A 0
Subvention payment at year end (S₁) 0 N/A add 0
Subvention payment tax adjustment at year beginning 0 = s₀.t N/A deduct 0
= s₁.t N/A 0
Subvention payment tax adjustment at year end 0 N/A divide by 2 0
Average subvention payment & related tax adjustment v No entry = (s₀ + s₁ + s₀.t + s₁.t)/2 N/A 0
System Fixed assets at year beginning at book value (SFAbv0) 5,040,000 5,040,000 5,040,000
System Fixed assets at year end at book value (SFAbv1) 3,446,344 add 3,446,344 add
Average value of system fixed assets at book value f No entry = (SFAbv0 + SFAbv1)/2 4,243,172 divide by 2 4,243,172
System Fixed assets at year beginning at ODV value (SFAodv0) 17,737,000 add 17,737,000 add
System Fixed assets at year end at ODV value (SFAodv1) 14,540,949 add 14,540,949 add
Average value of system fixed assets at ODV value h No entry = (SFAodv0 + SFAodv1)/2 16,138,975 divide by 2 16,138,975
19,253,309 17,243,099
Denominator (as adjusted) = c - e - f + h = k - e - m + v - f + h
Financial Performance Measure: EBITADJ/ATFEADJ x 100/1 = 5.14% NPATADJ/ATFEADJ x 100/1 = 3.10%

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

NEW ZEALAND GAZETTE
No. 194
4648



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🏭 Nelson Electricity Limited Financial Performance (continued from previous page)

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Financial Performance, Efficiency Measures, Energy Delivery, Statistics, Nelson Electricity Limited