New Zealand Gazette – 2000 – No. 104

Page 2606

✨ Financial Performance Measures

NEW ZEALAND GAZETTE

No. 104

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	3,440
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT)	3,440
Interest on cash, bank balances, and short-term investments (IST)	173
OSBIT minus IST	3,266	a	...	3,266	...
Net surplus after tax from financial statements	2,288
Net surplus after tax adjusted pursuant to regulation 18 (NSAT)	2,288	n	...	...	2,288
Amortisation of goodwill and amortisation of other intangibles		g	add	add	add
Subvention payment		s	add	add	add
Depreciation of SFA at BV (y)	929
Depreciation of SFA at ODV (y)	2,511
ODV depreciation adjustment	(1,582)	d	add (1,582)	add (1,582)	add (1,582)
Subvention payment tax adjustment		s(t)	add
Interest tax shield		q	add	deduct
Revaluations		r
Income tax	1,172	p			deduct 1,172
Numerator		OSBITA + a + g + s + d	1,684	696	512

| Fixed assets at end of previous financial year (FA₀) | 18,559 | | | | |
| Fixed assets at end of current financial year (FA₁) | 12,918 | | | | |
| Adjusted net working capital at end of previous financial year (ANWC₀) | (1,433) | | | | |
| Adjusted net working capital at end of current financial year (ANWC₁) | 275 | | | | |
| Average total funds employed (ATFE) | 15,803 | c | ... | 15,803 | 15,803 |
| Total equity at end of previous financial year (TE₀) | 14,878 | | | | |
| Total equity at end of current financial year (TE₁) | 21,648 | | | | |
| Average total equity | 18,263 | k | | 18,263 | |
| WUC at end of previous financial year (WUC₀) | 288 | | | | |
| WUC at end of current financial year (WUC₁) | 189 | | | | |
| Average total works under construction | 239 | e | deduct 239 | deduct 239 | deduct 239 |
| Revaluations | | r | | | |
| Half of revaluations | | r/2 | | | |
| Intangible assets at end of previous financial year (IA₀) | | | | | |
| Intangible assets at end of current financial year (IA₁) | | | | | |
| Average total intangible asset | | m | add | | |
| Subvention payment at end of previous financial year (S₀) | | | | | |
| Subvention payment at end of current financial year (S₁) | | | | | |
| Subvention payment tax adjustment at end of previous financial year | | | | | |
| Subvention payment tax adjustment at end of current financial year | | | | | |
| Average subvention payment & related tax adjustment | | v | add | | |
| System fixed assets at end of previous financial year at book value (SFAbv₀) | 14,928 | | | | |
| System fixed assets at end of current financial year at book value (SFAbv₁) | 10,394 | | | | |
| Average value of system fixed assets at book value | 11,462 | f | deduct 11,462 | deduct 11,462 | deduct 11,462 |
| System Fixed assets at year beginning at ODV value (SFAodv₀) | 70,116 | | | | |
| System Fixed assets at end of current financial year at ODV value (SFAodv₁) | 69,205 | | | | |
| Average value of system fixed assets at ODV value | 69,705 | h | add 69,705 | add 39,705 | add 69,705 |
| Denominator | | | ATFE - c + f + h | Ave TE - k + e + m + v - f + h | ATFE - c - W - f + h |

Financial Performance Measure:

| | 2.281 | 0.90 | 0.69 |

Note: The adjusted net working capital at end of previous financial year (ANWCa) is not the end of year figure disclosed for the 1999 year as Regulation 18 (f) of the Amendment Regulations 2000 now require a different methodology to derive results.

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