✨ Financial Performance Measures
NEW ZEALAND GAZETTE
No. 146
SCHEDULE 1—PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Input and Calculations | Symbol in formula | RCF | ROE | ROI |
|---|---|---|---|---|---|
| Operating surplus before interest and income tax from financial statements | 6,227 | ||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT*) | 6,394 | ||||
| Interest on cash, bank balanced, and short-term investments (IST) | 6 | ||||
| OSBIT* minus IST | 6,393 | a | 6,293 | 6,293 | |
| Net surplus after tax from financial statements | 4,439 | ||||
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT*) | 4,338 | n | 4,194 | ||
| Amortisation of goodwill and amortisation of other intangibles | 0 | g | add | add | add |
| Subvention payment | 0 | s | add | add | add |
| Depreciation of SFA at BV (x) | 11,495 | x | |||
| Depreciation of SFA at ODV (y) | 9,343 | y | |||
| ODV depreciation adjustment | 228 | d | add | add | add |
| Subvention payment tax adjustment | 0 | s' | deduct | ||
| Interest tax shield | 38 | q | deduct | ||
| Revaluations | 24,115 | r | add | 12,115 | |
| Income tax | 2,097 | b | 2,087 | 3,977 | 2,087 |
| Numerator | OSBITADJ = a + g + s + d | 6,526 | |||
| NSATADJ = n + g + s - s' + qADJ | 4,367 | ||||
| a + g - q + r + s + d - p - s' | 8,793 |
| Fixed assets at end of previous financial year (FAp) | 168,894 | | | | |
| Fixed assets at end of current financial year (FAc) | 203,322 | | | | |
| Adjusted net working capital at end of previous financial year (ANWCp) | 0 (not applicable) | | | | |
| Adjusted net working capital at end of current financial year (ANWCc) | 0 (not applicable) | | | | |
| Average total funds employed (ATFEC) | 31,846 | c | 31,846 | |
| (or regulation 33 time-weighted average) | | | | | |
| Total equity at end of previous financial year (TEp) | 18,362 | | | | |
| Total equity at end of current financial year (TEc) | 26,663 | | | | |
| Average total equity | 16,302 | k | | 16,302 | |
| (or regulation 33 time-weighted average) | | | | | |
| WUC at end of previous financial year (WUCp) | 0 | | | | |
| WUC at end of current financial year (WUCc) | 0 | | | | |
| Average total works under construction | 227 | w | deduct | deduct | deduct |
| (or regulation 33 time-weighted average) | | | | | |
| Revaluations | 12,116 | r | | | |
| Half of revaluations at end of previous financial year (Ap/2) | 16,058 | r/2 | | | deduct |
| Intangible assets at end of previous financial year (IAp) | 0 | | | | |
| Intangible assets at end of current financial year (IAc) | 0 | | | | |
| Average total intangible asset | 0 | m | | add | |
| (or regulation 33 time-weighted average) | | | | | |
| Subvention payment at end of previous financial year (Sp) | 0 | | | | |
| Subvention payment at end of current financial year (Sc) | 0 | | | | |
| Subvention payment tax adjustment at end of previous financial year | 0 | | | | |
| Subvention payment tax adjustment at end of current financial year | 0 | | | | |
| Average subvention payment & related tax adjustment | 0 | v | add | |
| System fixed assets at end of previous financial year at book value (SFAp) | 168,894 | | | | |
| System fixed assets at end of current financial year at book value (SFAc) | 203,322 | | | | |
| Average value of system fixed assets at book value (or regulation 33 time-weighted average) | 22,360 | f | deduct | deduct | 22,360 |
| System Fixed assets at year beginning at ODV value (SFAodv,p) | 56,035 | | | | |
| System Fixed assets at end of current financial year at ODV value (SFAodv,c) | 56,035 | | | | |
| Average value of system fixed assets at ODV value (or regulation 33 time-weighted average) | 56,035 | h | add | add | 56,035 |
| Denominator | ATFEADJ = c - w + f - h | 65,285 | Ave TEADJ = k - e + m + r - f + h | 49,741 | ATFEADJ = c - e - ½r + f + h | 71,343 |
| Financial Performance Measure: | RCF = OSBITADJ/ATFEADJ x 100 | 9.4 | | | |
| | ROE = NSATADJ/ATEADJ x 100 | | 8.0 | |
| | ROI = OSBITADJ/ATFEADJ x 100 | | | 11.4 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 146
Gazette.govt.nz —
NZ Gazette 2000, No 146
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Notes to the financial statements by Eastland Network Limited
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