New Zealand Gazette – 1999 – No. 92

Page 2189

✨ Financial Performance Measures



9 AUGUST

NEW ZEALAND GAZETTE

2189

WAIPA POWER LIMITED - LINE BUSINESS

Derivation Table

Derivation Table Symbol in formula Input Column Calculations ROF ROE ROI
Earnings before interest and tax (EBIT) a 3,963,366 3,963,366 N/A 3,963,366
Net profit after tax (NPAT) n 3,001,433 N/A 3,001,433 N/A
Amortised Goodwill g 0 add 0 add 0 add 0
Interest Expense i 0 add 0 add 0 add 0
Depreciation of SFA at BV d 0 add 0 add 0 add 0
Depreciation of SFA at ODV b 1,338,459 deduct 1,338,459 deduct 1,338,459 deduct 1,338,459
ODV Depreciation tax adjustment q -441,691 add -441,691 deduct -441,691 deduct -441,691
Subvention payment tax adjustment s 0 s*t N/A N/A deduct 0
Interest Tax Shield t 0 N/A N/A deduct 0
Revelations r 884,582 N/A N/A add 884,582
Income tax p 961,933 N/A N/A deduct 961,933
Numerator (as adjusted) No entry = a + g + s + d 2,624,917 = n + g + i + s + t + d - b 2,104,665
Fixed assets at year beginning (FA₀) 45,192,372 45,192,372 N/A 45,192,372
Fixed assets at year end (FA₁) 44,766,012 add 44,766,012 N/A add 44,766,012
Net Working Capital at year beginning (NWC₀) -409,179 add -409,179 N/A add -409,179
Net Working Capital at year end (NWC₁) 1,178,698 add 1,178,698 N/A add 1,178,698
Average total funds employed (ATFE) c No entry = (FA₀ + FA₁ + NWC₀ + NWC₁) / 2 divide by 2 45,462,952 N/A
Total Equity at year beginning (TE₀) 44,983,193 N/A 44,983,193 N/A
Total Equity at year end (TE₁) 45,942,710 N/A add 45,942,710 N/A
Average total equity k No entry = (TE₀ + TE₁) / 2 N/A divide by 2 45,462,952
WUC at year beginning (WUC₀) 0 0 0 0
WUC at year end (WUC₁) 0 add 0 add 0 add 0
Average total Works under Construction e No entry = (WUC₀ + WUC₁) / 2 divide by 2 0 divide by 2
Revelations r 884,582 N/A N/A 884,582
Goodwill asset at year beginning (GW₀) 0 N/A 0 N/A
Goodwill asset at year end (GW₁) 0 N/A add 0 N/A
Average Goodwill asset m No entry = (GW₀ + GW₁) / 2 N/A divide by 2 0
Subvention payment at year beginning (S₀) 0 N/A 0 N/A
Subvention payment at year end (S₁) 0 = s₀ N/A add 0 N/A
Subvention payment tax adjustment at year beginning 0 = s₀*t N/A deduct 0 N/A
Subvention payment tax adjustment at year end 0 = s₁*t N/A deduct 0 N/A
Average subvention payment & related tax adjustment v No entry = (s₀ + s₁ + s₀t + s₁t) / 2 N/A divide by 2 0
System Fixed assets at year beginning at book value (SFAbv₀) 44,507,918 44,507,918 44,507,918 44,507,918
System Fixed assets at year end at book value (SFAbv₁) 43,751,594 add 43,751,594 add 43,751,594 add 43,751,594
Average value of system fixed assets at book value f No entry = (SFAbv₀ + SFAbv₁) / 2 divide by 2 44,129,756 divide by 2
System Fixed assets at year beginning at ODV value (SFAodv₀) 42,663,322 add 42,663,322 add 42,663,322 add 42,663,322
System Fixed assets at year end at ODV value (SFAodv₁) 43,011,008 add 43,011,008 add 43,011,008 add 43,011,008
Average value of system fixed assets at ODV value h No entry = (SFAodv₀ + SFAodv₁) / 2 divide by 2 42,837,165 divide by 2
Denominator (as adjusted) = c - e - f + h 44,170,361 = k - e - m + v - f + h 44,170,361

Financial Performance Measure:

| | | | | EBIT^(ADJ) / ATFE^(ADJ) x 100/1 = 5.94% | PAT^(ADJ) / ATE^(ADJ) x 100/1 = 4.76% | EBIT^(ADJ) / ATFE^(ADJ) x 100/1 = 6.84% |

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



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✨ LLM interpretation of page content

🏭 Performance Measures for Waipa Power Limited (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Performance Measures, Financial Performance, Waipa Power Limited, EBIT, NPAT, ROI, ROE, ROF