New Zealand Gazette – 2000 – No. 77

Page 1851

✨ Financial Performance Measures

NEW ZEALAND GAZETTE

12 JULY 1851

SCHEDULE F. — PART I.

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table	Symbol in Formula	Input and Calculations	(or regulation 33 time-weighted average)
ROF
Intangible assets at end of previous financial year (A_t-1)	r	-429.19
Intangible assets at end of current financial year (A_t)	g	258.237
Average total intangible asset	(r2)	(-429.19 + 258.237) / 2 = -85.4765
Subvention payment at end of previous financial year (S_t-1)	m		(cor regulation 33 time-weighted average)
Subvention payment at end of current financial year (S_t)
Financial payment tax adjustment at end of previous financial year
Subvention payment tax adjustment at end of current financial year
Average
Subvention payment adjustment & related tax adjustment
System fixed assets at end of current financial year at book value (SFA_t)	i	32,629.522	(for regulation 33 time-weighted average)
System fixed assets at end of previous financial year at book value (SFA_t-1)		32,719.599
Average value of system fixed assets at book value	l	(32,629.522 + 32,719.599) / 2 = 32,674.56
System Fixed assets at year beginning at ODV value (SFAt-1)		32,528.522
System Fixed assets at end of current financial year at ODV value (SFAt)		32,718.500
Average value of system fixed assets at ODV value	k	(32,528.522 + 32,718.500) / 2 = 32,623.511
Denominator
Financial Performance Measure:
ROF = OSBInt^40 / ATFE^40 x 100	ROF	(ROF = return on investment)

| ROE | | | |
| deduct | | 32,628.522 | |
| | | 32,826.522 | |
| add | | 32,628.522 | |
| | | 32,674.638 | Average TIE^40 = k - e - m + v - f + h |
| ROE = OSBInt^40 + ATFE^40 / ATFE^40 x 100 | ROE | (ROE = return on equity) |

| ROI | | | |
| deduct | | -129.118 | |
| | | 32,628.524 | |
| add | | 32,628.522 | |
| | | 33,683.071 | ATFE^40 = c - e - l + h |
| ROI = OSBInt^40 + Int / ATFE^40 x 100 | ROI | (subjected operational valuation) |

Notes:

Maximum allowable income tax rate applying to corporate entities subject to:
- book value
- average
- ROI = return on equity
- ROF = return on funds
- OSBInt = operating surplus before interest
- ATFE = average total funds employed