✨ Financial Performance Measures
NEW ZEALAND GAZETTE
No. 87
SCHEDULE I - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Symbol in formula | Input and Calculations |
|---|---|---|
| Operating surplus before interest and income tax from financial statements | a | 5,709,930 |
| Operating surplus before interest and income tax adjusted for regulation 18 | b | 5,702,980 |
| Interest on cash, bank balances, and short-term investments | c | 412,270 |
| OSBITT (minus) (S/T) | 5,297,691 | |
| Net surplus after tax adjusted pursuant to regulation 18 (NSA(T)) | d | 3,689,463 |
| Amortisation of goodwill and amortisation of other intangibles | e | 3,890,493 |
| Subvention payment | f | 0 |
| Depreciation of SFA at BV (x₁) | g | 2,255,844 |
| Depreciation of SFA at ODV (y) | h | 2,638,884 |
| ODV depreciation adjustment | i | -330,040 |
| Subvention payment tax adjustment | j | 0 |
| Interest tax shield | k | 128,823 |
| Revaluations | l | 0 |
| Numerator | 1,807,542 | |
| Fixed assets at end of previous financial year (FA₁) | m | 74,989,499 |
| Equity assets at end of current financial year (FA₂) | n | 851,754 |
| Adjusted net working capital at end of previous financial year (ANWC₁) | o | 456,820 |
| Adjusted net working capital at end of current financial year (ANWC₂) | p | 74,341,781 |
| Average total funds employed (ATFE) | q | 82,008,441 |
| Total equity at end of previous financial year (TE₁) | r | 80,929,017 |
| Total equity at end of current financial year (TE₂) | s | 82,008,441 |
| WUC at end of previous financial year (WUC₁) | t | (or regulation 33 time-weighted average) |
| WUC at end of current financial year (WUC₂) | u | (or regulation 33 time-weighted average) |
| Measures | ROI | ROD | RDF | ROE |
|---|---|---|---|---|
| Formula | ||||
| OSBITT⁽ⁿ⁾ | 5,297,691 | add | add | add |
| add back amortisation of goodwill and other intangibles | 3,890,493 | 3,890,493 | 3,890,493 | |
| deduct depreciation of SFA at ODV | -2,638,884 | deduct | deduct | |
| ODV depreciation adjustment | -330,040 | -330,040 | ||
| Subvention payment tax adjustment | 0 | 0 | ||
| Interest tax shield | 128,823 | |||
| Revaluations | 0 | |||
| NSA(T)⁽ⁿ⁾ = n + g - s - t | 3,590,453 | deduct | ||
| OSBITT⁽ⁿ⁾ = a + e | 3,258,009 | |||
| OSBIT = a | add | |||
| Total | 74,341,781 | 82,008,441 | ||
| ROI | 5.97 (e/a) | |||
| ROD | 3.86 (add back) | |||
| RDF | 5.23 (c/a) | |||
| ROE | 4.95 (f/a) | 0 deduct |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 87
Gazette.govt.nz —
NZ Gazette 2000, No 87
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