New Zealand Gazette – 2000 – No. 105

Page 2623

✨ Financial Performance Measures



23 AUGUST NEW ZEALAND GAZETTE 2623

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 2,987
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) 2,987
Interest on cash, bank balances, and short-term investments (ISTI) 375
OSBIT minus ISTI 2,612 2,592 2,592
Net surplus after tax from financial statements 1,548 a
Net surplus after tax adjusted pursuant to regulation 18 (NSAT) 1,548 n 1,548
Amortisation of goodwill and amortisation of other intangibles g add add add
Subvention payment s add add add
Depreciation of SFA at BV (x) 375
Depreciation of SFA at ODV (y) 534 d add add -159
ODV depreciation adjustment (159)
Subvention payment tax adjustment s'
Interest tax shield 55 α add deduct
Revaluations r add
Income tax 1,253 p deduct 1,253 1,125
Numerator: 2,433 1,389 3,438

Fixed assets and funds employed

Description Symbol in formula
Fixed assets at end of previous financial year (FA₀) 3,543
Fixed assets at end of current financial year (FA₁) 4,904
Adjusted net working capital at end of previous financial year (ANWC₀) 1,127
Adjusted net working capital at end of current financial year (ANWC₁) (1,475)
Average total funds employed (ATFE) 4,050 c

| Total equity at end of previous financial year (TE₀) | 4,532 | |
| Total equity at end of current financial year (TE₁) | 5,080 | |
| Average total equity | 4,806 | k | |

| WUC at end of previous financial year (WUC₀) | | |
| WUC at end of current financial year (WUC₁) | 60 | e | deduct |
| Average total works under construction | 30 | | |

| 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) | | v | add |
| Average subvention payment & related tax adjustment | | | |

| System fixed assets at end of previous financial year at book value (SFA₀BV) | 3,446 | |
| System fixed assets at end of current financial year at book value (SFA₁BV) | 3,127 | f | deduct |
| Average value of system fixed assets at book value | 3,287 | |

| System Fixed assets at year beginning of ODV value (SFA₀ODV) | | |
| System Fixed assets at end of current financial year at ODV value (SFA₁ODV) | 14,215 | |
| Average value of system fixed assets at ODV value | 14,378 | h | add |

Formulae

Numerator Calculations:

OSFIT^(ADJ) = a + g + s + d + s' + r + p
NSAT^(ADJ) = n + g + s + d + s'
OSSBIT^(ADJ) = a + g + s + (x - y) + d + α + r + p - s'

Denominator Calculations:

ATFE^(ADJ) = c + e + f + h
ATE^(ADJ) = k + e - m + v + f + h

Financial Performance Measure:

ROF = OSFIT^(ADJ)/ATFE^(ADJ) × 100
ROE = NSAT^(ADJ)/ATE^(ADJ) × 100
ROI = OSSBIT^(ADJ)/ATFE^(ADJ) × 100

ROF ROE ROI
Financial Performance 16.1 8.8 7.4


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 105


Gazette.govt.nz — PDF NZ Gazette 2000, No 105




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