New Zealand Gazette – 2000 – No. 83

Page 1989

✨ Financial Performance Measures



26 JULY NEW ZEALAND GAZETTE 1989

WAIPA NETWORKS LIMITED - LINES BUSINESS

SCHEDULE 1: DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

FORM FOR THE DETERMINATION OF FINANCIAL PERFORMANCE MEASURES

Derivation Table Symbol (in formula) Input and Calculations ROE ROI
Operating surplus before interest and income tax from financial statements 3,589,320
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) 3,559,322
Interest on cash, bank balances, and short-term investments (ISTI) e 63,900
OSBIT minus ISTI 3,535,422
Net surplus after tax from financial statements f 2,211,740 0
Amortisation of goodwill and amortisation of other (NSAT) g 2,211,740 add add
Subvention payment 0
Depreciation of SFA at ODV (d) 1,123,060 0 0
ODV depreciation adjustment -249,541 add add
Subvention payment tax adjustment 0
Interest tax shield 63,039 0 0
Revaluations 0
Numerator 1,162,955 1,162,955
Fixed assets at end of previous financial year (FA₀) 44,764,012
Fixed assets at end of current financial year (FAₙ) 44,765,650
Adjusted net working capital at end of previous financial year (ANWC₀) 1,275,950
Adjusted net working capital at end of current financial year (ANWCₙ) 774,790
Average total funds employed (A) (TSE) 45,790,201
Regulation 33 time-weighted average 45,642,710 45,790,201
Total equity at end of previous financial year (TE₀) k 37,942,771
Total equity at end of current financial year (TEₙ) 41,962,711
Regulation 33 time-weighted average
WUC at end of previous financial year (WUC₀) 44,962,711
WUC at end of current financial year (WUCₙ) 41,962,711
Average total works under construction e 0 0 deduct

ROE

NSATⁿ = n + g + s - tⁿ
NSATⁿ = 1,852,193

ROE = (NSATⁿ) / (TE₀ + TEₙ)/2
= 1,852,193 / ((37,942,711 + 41,962,711) / 2)
= 1,852,193 / 39,952,711
= 4.64%

ROI

OSBITⁿ = a + f + g + h + i + j - p - sⁿ
OSBITⁿ = 3,535,422

GSDIBITⁿ = a + g + sⁿ - tⁿ
GSDIBITⁿ = 3,385,573

ROI = (OSBITⁿ) / A
= 3,535,422 / 45,790,201
= 7.72%

BLrⁿ = OSBITⁿ - (a × k)
= 2,069,895



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 83


Gazette.govt.nz — PDF NZ Gazette 2000, No 83




✨ LLM interpretation of page content

🏭 Financial Statements for Waipa Networks Limited (continued from previous page)

🏭 Trade, Customs & Industry
31 March 2000
Financial Statements, Balance Sheet, Assets, Liabilities, Waipa Networks Limited, Statistics, System Length, Transformer Capacity, Maximum Demand, Electricity Supply, Customers