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New Zealand Gazette – 2000 – No. 103

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✨ Financial Performance Measures

2582

NEW ZEALAND GAZETTE

No. 103

Clause 16

SCHEDULE 1 - PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table	Input and Calculations	Symbol in formula	ROF	ROE	ROI
Operating surplus before interest and income tax from financial statements	1,588	a	1,478	1,478	1,478
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT)	1,588
Interest on cash, bank balances, and short-term investments (ISTI)	110
OSBIT minus ISTI	1,478
Net surplus after tax from financial statements	1,151	g	add	1,151	add
Amortisation of goodwill and amortisation of other	0	s	add	0	add
Subvention payment	726
Depreciation of SFA at BV (x)	1,111
Depreciation of SFA at ODV (y)
ODV depreciation adjustment	-385	d	add	-385	add
Subvention payment tax adjustment	0	s*y		0	deduct
Interest tax shield	0	q		0	deduct
Revaluations	0	r		0	add
Income tax	437	p		437	deduct
Numerator	1,583		766	658
			OSBIT^ADJ = a + g + s - s*y + d	NSAT^ADJ = n + g + s - s*y + d	OSBIT^ADJ = a + g - q + r + s + d - p - s*y
Fixed assets at end of previous financial year (FAp)	28,688
Fixed assets at end of current financial year (FAc)	28,590
Adjusted net working capital at end of previous financial year (ANWCp)	2,405		30,926	30,926	30,926
Adjusted net working capital at end of current financial year (ANWCc)	2,170	c
Average total funds employed (ATFE)	30,826
	(or regulation 33 time-weighted average)
Total equity at end of previous financial year (TEp)	31,161	k		32,065
Total equity at end of current financial year (TEc)	32,949
Average total equity	32,065
	(or regulation 33 time-weighted average)
WUC at end of previous financial year (WUCp)	0	e	deduct	0	deduct
WUC at end of current financial year (WUCc)	0	r/2		0
Average total works under construction	0
	(or regulation 33 time-weighted average)
Revaluations	0	r
Half of revaluations	0
Intangible assets at end of previous financial year (IAp)	0	m	add	0	deduct
Intangible assets at end of current financial year (IAc)	0
Average total intangible asset	0
	(or regulation 33 time-weighted average)
Subvention payment at end of previous financial year	0
Subvention payment at end of current financial year	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 (SFAp,bv)	28,309	f	deduct	28,078	deduct
System fixed assets at end of current financial year at book value (SFAc,bv)	28,076
Average value of system fixed assets at book value	28,078
	(or regulation 33 time-weighted average)
System fixed assets at year beginning at ODV value (SFAp,odv)	27,847
System fixed assets at end of current financial year at ODV value (SFAc,odv)	27,624	h	add	27,885	add
Average value of system fixed assets at ODV value	27,885
	(or regulation 33 time-weighted average)
Denominator	30,733		31,872	30,733
			ATFE^ADJ = c - a - f + h	Ave TE^ADJ = k - a - m + v - f + h	ATFE^ADJ = c - a - ½r - f + h
Financial Performance Measure:	3.6		2.4	2.1
			ROF = OSBIT^ADJ / ATFE^ADJ x 100	ROE = NSAT^ADJ / ATE^ADJ x 100	ROI = OSBIT^ADJ / ATFE^ADJ x 100