New Zealand Gazette – 2000 – No. 162

Page 4220

✨ Financial Measures Table



4220

NEW ZEALAND GAZETTE

No. 162

FORM FOR THE DERIVATION OF FINANCIAL AND EFFICIENCY MEASURES FROM THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2000

in formula calculations ROF $000 ROE $000 ROI $000
Earnings before interest and tax (EBIT) before revaluations a 232,960 232,960
Net profit after tax (NPAT) n 98,415
Amortised goodwill g
Subvention payment s 87,647 87,647 87,647
Depreciation of SFA at BV y 87,647 87,647 87,647
Depreciation of SFA at ODV
ODV depreciation tax adjustment d (x-y) s*t
Subvention payment tax adjustment 32,520
Interest tax Shield q 54,096
Revaluations r 38,868
Income tax p

Numerator (as adjusted)

a + g + s + d n + r + s + t + d s - g - q - r + t + d - p + t
Fixed assets at year beginning (FA 0) 2,193,947 2,193,947 2,193,947
Fixed assets at year end (FA 1) 2,193,227 2,193,227 2,193,227
Net working capital at year beginning (ANWC 0) 42,288 42,288 42,288
Net working capital at year end (ANWC 1) 58,855 58,855 58,855
Average total funds employed (ATFE) c (FA 0 + FA 1 - ANWC 0 - ANWC 1)/2 2,244,158 2,244,158
Total equity at year beginning (TE 0) 874,277 874,277 874,277
Total equity at year end (TE 1) 944,161 944,161 944,161
Average total equity k (TE 0 + TE 1)/2 909,189 909,189
Works under construction at year beginning (WUC 0) 76,245 76,245 76,245
Works under construction at year end (WUC 1) 69,605 69,605 69,605
Average total works under construction c (WUC 0 - WUC 1)/2 72,925 72,925
Revaluations r 54,096 54,096

Intangible asset at year beginning (IA 0)

Intangible asset at year end (IA 1)

Average Intangible asset | m | (IA 0 - IA 1)/2 | | |

Subvention payment for previous year (S 0) | | | | |

Subvention payment for this year (S 1) | | | | |

Subvention payment tax adjustment for previous year | | S 0 * t | | |

Subvention payment tax adjustment for this year | | S 1 * t | | |

Average subvention payment & related tax adjustment | v | [(S 0 - S 1)(1 - t)]/2 | | |

System fixed assets at year beginning at book value (SFA bv 0) | | 2,089,000 | 2,089,000 | 2,089,000 |

System fixed assets at year end at book value (SFA bv 1) | | 2,090,000 | 2,090,000 | 2,090,000 |

Average value of system fixed assets at book value | f | (SFA bv 0 - SFA bv 1)/2 | 2,089,500 | 2,089,500 |

System fixed assets at year beginning ODV value (SFA odv 0) | | 2,089,000 | 2,089,000 | 2,089,000 |

System fixed assets at year end ODV value (SFA odv 1) | | 2,090,000 | 2,090,000 | 2,090,000 |

Average value of system fixed assets at ODV value | h | (SFA odv 0 + SFA odv 1)/2 | 2,089,500 | 2,089,500 |

Denominator (as adjusted)

c - e - f + h 2,171,233 k - m + v - f - h 836,264 c - e - f - h 2,144,185

Financial performance measure

EBIT adj / ATFE adj 10.7 adj/ATFE adj 11.8 adj/ATFE adj 10.1


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 162


Gazette.govt.nz — PDF NZ Gazette 2000, No 162




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Financial Measures, Return on Equity, Return on Assets, Return on Investment, Efficiency Measures, Direct Line Costs, Electricity (Information Disclosures) Regulations 1999