New Zealand Gazette – 2000 – No. 102

Page 2549

✨ Financial Performance Measures



22 AUGUST
NEW ZEALAND GAZETTE
2549

Counties Power Limited – Line Business
Derivation Table of Financial Performance Measures from Financial Statements
Pursuant to Regulation 16 of the Electricity (Information Disclosure) Regulations 1999 Schedule 1 Part 7
For the Year Ended 31 March 2000

Derivation Table Input and Calculations Symbol in formula ROF ROE ROI
Operating surplus before interest and income tax from financial statements 7,649
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIIT) 7,649 7,505 7,505
Interest on cash, bank balances, and short-term investments (ISTI) -144 a
OSBIIT minus ISTI 7,505 4,825
Net surplus after tax from financial statements 4,825 e add add add
Net surplus after tax adjusted pursuant to regulation 18 (NSAT) 4,825 0 0 0
Amortisation of goodwill and amortisation of other intangibles 0 g add add add
Subvention payment 0 s 0 0 0
Depreciation of SFA at BV (x) 2,152 d add -45 -45
Depreciation of SFA at ODV (y) 2,197 s*t add deduct
ODV depreciation adjustment -45 q 93
Subvention payment tax adjustment 0 r add
Interest tax shield 93 2,397
Revaluations 0 p
Income tax 2,397
Numerator 7,460 4,780 4,970
OSBIIT^ADJ = a+g+s+d NSAT^ADJ = n+g+s.s*t+d OSBIIT^ADJ = a+g.q-r+s-d p-s*t
Fixed assets at end of previous financial year (FA₀) 42,057
Fixed assets at end of current financial year (FA₁) 46,221
Adjusted net working capital at end of previous financial year (ANWC₀) -2,461
Adjusted net working capital at end of current financial year (ANWC₁) -858 c 42,480 42,480
Average total funds employed (ATFE) 42,480
Total equity at end of previous financial year (TE₀) 33,863
Total equity at end of current financial year (TE₁) 38,438 k 36,151
Average total equity 36,151
WUC at end of previous financial year (WUC₀) 6,532
WUC at end of current financial year (WUC₁) 6,322 e deduct 6,427 deduct
Average total works under construction 6,427 6,427
Revaluations 0 r
Half of revaluations 0 r/2
Intangible assets at end of previous financial year (IA₀) 0
Intangible assets at end of current financial year (IA₁) 0 m add 0
Average total intangible asset 0
Subvention payment at end of previous financial year (S₀) 0
Subvention payment at end of current financial year (S₁) 0
Subvention payment tax adjustment at end of previous financial year 0
Subvention payment tax adjustment at end of current financial year 0 v add 0
Average subvention payment & related tax adjustment 0
System fixed assets at end of previous financial year at book value (SFA_{bk0}) 31,269
System fixed assets at end of current financial year at book value (SFA_{bk1}) 35,745 f deduct 33,507 deduct
Average value of system fixed assets at book value 33,507 33,507
System fixed assets at year beginning at ODV value (SFA_{odv0}) 74,871
System fixed assets at end of current financial year at ODV value (SFA_{odv1}) 79,301 h add 77,086 add
Average value of system fixed assets at ODV value 77,086 77,086
Denominator 79,632 73,303 79,632
ATFEADJ = c-e f+h Ave TEADJ = k-e-m+v ATFEADJ = c-e-½r-f+h
Financial Performance Measure: 9.4 6.5 6.2
ROF = OSBIIT^ADJ/ATFE^ADJ x 100 ROE = NSAT^ADJ/Ave TE^ADJ x 100 ROI = OSBIIT^ADJ/ATFE^ADJ x 100

1 maximum statutory income tax rate applying to corporate entities
bv = book value ,
avc = average
odv = optimised deprival valuation
subscript '0' = end of the previous financial year
subscript '1' = end of the current financial year
ROF = return on funds
ROE = return on equity
ROI = return on investment



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 102


Gazette.govt.nz — PDF NZ Gazette 2000, No 102




✨ LLM interpretation of page content

🏭 Counties Power Limited Financial Performance (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Performance, Asset Valuation, Metering Business, Audit Opinion