✨ Financial Performance Measures
3028
NEW ZEALAND GAZETTE
No. 119
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 | 1,317 | ||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) | 1,373 | ||||
| Interest on cash, bank balances, and short-term investments (ST) | 83 | ||||
| OSBIT minus ST | 1,313 | a | 1,313 | 1,313 | |
| Net surplus after tax from financial statements | 711 | ||||
| Net surplus after tax adjusted to basis set by regulation 18 (NSAT) | 711 | 711 | |||
| Amortisation of goodwill and amortisation of other intangibles | 0 | g | add | add | add |
| Subvention payment | 0 | ||||
| Depreciation of SFA at BV (y) | 3,898 | ||||
| Depreciation of SFA at ODV (y) | 3,898 | ||||
| ODV depreciation adjustment | 0 | d | add | ||
| Subvention o/a payment tax adjustment ont | |||||
| Interest tax shield | 0 | q | deduct | deduct | |
| Revaluations | 0 | ||||
| Income tax | 382 | p | |||
| Numerator | OSBIT* = a + g + d | NSAT** = a + g + d - q | OSBIT*** = a + g + j + ½ + r + ρ - σ | ||
| NSAT** = n + g + s - z - j |
| Fixed assets at end of previous financial year (FA₀) | 86,154 | | | | |
| Fixed assets at end of current financial year (FA₁) | 86,373 | | | | |
| Adjusted net working capital at end of previous financial year (ANWC₀) | 636 | | | | |
| Adjusted net working capital at end of current financial year (ANWC₁) | 184 | | | | |
| Average net working capital employed (ANWC) | | | (per regulation 35 time weighted average) | 86,264 | |
| Total equity at end of previous financial year (TE₀) | 65,035 | | | | |
| Total equity at end of current financial year (TE₁) | 66,636 | | | | |
| Average total equity | | | (per regulation 32 time weighted average) | 68,326 | |
| VWC at end of previous financial year (VWC₀) | | | | | |
| VWC at end of current financial year (VWC₁) | | e | deduct | | deduct |
| Average net working under construction | | | (per regulation 34 time weighted average) | | |
| New Loans | | f | | | |
| Half of revaluations | | | | | |
| Carrying assets at end of previous financial year (CA₀) | | | | | |
| Carrying assets at end of current financial year (CA₁) | | m | | | 950 |
| Average total carrying asset | | | (per regulation 29 time weighted average) | | |
| Subvention payment at end of previous financial year (S₀) | | | | | |
| Subvention payment at mid of current financial year (S₂) | | | | | |
| Subvention payment tax adjustment at end of previous financial year | | | | | |
| Subvention payment tax adjustment at end of current financial year | | v | | add | |
| Average subvention payment and tax adjustment | | | | | |
| System fixed assets at end of previous financial year at book value (SPFA₀) | 84,971 | | | | |
| System fixed assets at end of current financial year at book value (SPFA₁) | 84,874 | | | | |
| Average value of system fixed assets at book value | | | (per regulation 37 time weighted average) | 86,806 | |
| System fixed assets at year beginning at ODV value (SPFA₀) | 84,937 | | | | |
| System fixed assets at end of current financial year at ODV value (SPFA₁) | 84,074 | | | | |
| Average value of system fixed assets at ODV value | | h | add | 84,806 | add |
| Denominator | | | 86,264 | 68,326 | 89,256 |
Financial Performance Measure:
ROF = OSBIT* / ANWC + FA avg = 1.62
ROE = NSAT*** / ATE x 100 = 8.80
ROI = OSBIT** / ATE x 100 = 7.76
t = maximum statutory income tax rate applying to corporate entities
ave = average
subscript ‘0’ = end of the previous financial year
ROF = return on funds
ROI = return on investment
bv = book value
odv = optimised deprival valuation
subscript ‘1’ = end of the current financial year
ROE = return on equity
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 119
Gazette.govt.nz —
NZ Gazette 2000, No 119
✨ LLM interpretation of page content
🏭
Disclosure of Financial Performance Measures for MainPower New Zealand Ltd
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Performance, Efficiency Measures, Return on Funds, Return on Equity, Return on Investment, Accounting Return on Total Assets, Accounting Return on Equity, Accounting Rate of Profit, Direct Line Costs, Indirect Line Costs, MainPower New Zealand Ltd