✨ Financial Performance Measures
NEW ZEALAND GAZETTE
25 AUGUST
2703
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
Schedule 1 – Part 7
| DERIVATION TABLE | SYMBOL IN FORMULA | ROI | ROE | ROF |
|---|---|---|---|---|
| INPUT AND CALCULATIONS | ||||
| a | Operating surplus before interest and income tax from financial statements | 4,487,422 | 4,487,422 | 4,487,422 |
| b | Opening surplus before income tax adjusted pursuant 18 (OSBITT) | 3,763,666 | 3,724,056 | 3,724,056 |
| c | Interest on cash, bank balances, and short-term investments (ISTI) | 2,460,888 | 2,460,888 | 0 |
| d | Regulation 18 amortisation of goodwill and amortisation of other intangibles | 0 | 0 | 70,663 |
| e | Subvention payment | 70,663 | 70,663 | 0 |
| f | Net surplus after tax from financial statements | 4,058,073 | 4,058,073 | 4,572,095 |
| g | Amortisation of SFA at BV (s) | 4,83,022 | 4,83,022 | 4,83,022 |
| h | Depreciation of SFA at ODV (s) | 23,319 | 23,319 | 23,319 |
| i | ODV depreciation adjustment | 251,911 | 251,911 | 0 |
| j | Subvention payment tax adjustment | 0 | 0 | 0 |
| k | Interest tax shield | 1,263,168 | 2,025,218 | 3,311,697 |
| l | Revaluations | 0 | NSAT^20 = nt+g+s+t+d | NSAT^20 = n+g+s+t+d |
| m | Income tax | OSBITT^20 = at+g+si+ds^8 | OSBITT^20 = at+g+si+ds^8 | |
| n | Numerator |
| Fixed assets at end of previous financial year (FA^P) | 45,951,972 |
| Adjusted net working capital at end of previous financial year (ANWC^P) | 47,463,993 |
| Adjusted capital at end of previous financial year (ATFE^P) (or regulation 33 time-weighted average) | 45,126,401 |
| Average total funds employed (TFE) | 37,522,964 |
| Total equity at end of previous financial year (TE^P) | 38,694,295 |
| Average total equity | 35,094,626 |
| WUC at end of previous financial year (WUC^P) | 6,728,713 |
| WUC at end of current financial year under construction | 3,806,167 |
| Average total works under construction (or regulation 33 time-weighted average) | 5,267,437 |
| Revaluations | 0 |
| Half of revaluations | 0 |
| Intangible assets at end of previous financial year (IA^P) | 0 |
| | add | add | add |
| | 0 | 0 | 3,724,056 |
| | 3,724,056 | 2,460,888 | |
| | 0 | 70,663 | 70,663 |
| | 70,663 | 0 | 483,022 |
| | 483,022 | 23,319 | 23,319 |
| | 23,319 | 251,911 | 251,911 |
| | 251,911 | 0 | 0 |
| | 0 | 3,123,168 | 1,263,299 |
| | deduct | 1,773,299 | |
| | | 45,126,401 |
| | | |
| | 45,126,401 | 38,694,295 |
| | | |
| | deduct | 5,267,437 |
| | | 0 |
| | 0 | |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 108
Gazette.govt.nz —
NZ Gazette 2000, No 108
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Disclosure of Financial Statements under Electricity (Information Disclosure) Regulations
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💰 Finance & RevenueFinancial Statements, Electricity Regulations, Operating Revenue, Operating Expenditure, Research and Development Expenses, Consultancy and Legal Expenses, Directors' Fees, Auditors' Fees, Costs of Offering Credit, Local Authority Rates Expense, Subvention Payments, Interest Expense, Income Tax, Net Surplus After Tax, Return on Funds, Return on Equity, Return on Investment, Direct Line Costs, Indirect Line Costs