New Zealand Gazette – 2000 – No. 91

Page 2226

✨ Financial Performance Measures



NEW ZEALAND GAZETTE

No. 91

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Operating surplus before interest and income tax adjusted pursuant to regulation 12 (OSBIIT)

Derivation Table Input and Calculations Symbol ROI ROE ROF
Operating surplus before interest and income tax (see cell statements) 3,711,912 a
Interest on cash, bank balances and short-term investments (STI) 230,125 b
OSBIT minus (STI) 2,981,787 c
Net surplus after tax for financial year (equals NSAT) 1,010,226 d
Net adjustments of goodwill or amortisation of other intangibles 0 e
Amortisation of capitalised interest 0 f
Subordination payment 0 g
Depreciation of SFA at ODV (1) 1,488,995 h add add add
DDV depreciation adjustment 1,438,865 i add add add
Subvention payment tax adjustment 0 j
Interest tax shield 372,970 k
Revaluations 1,286,563 l deduct deduct
Income tax 9,290 m deduct

NSATAdj = n = g + e + f + h + i + k

| NSATAdj | 1,818,226 | |
| OSBIITAdj = n + d = c + e + f + g + h + i + k | 3,301,218 | |
| Average funds employed at end of previous financial year (AFEt-1) | 49,196,283 | o |
| Average total capital at end of current financial year (AVCt) | 5,124,898 | p |
| Total liabilities at end of previous financial year (TEt-1) | 29,626,350 | q |
| Total equity at end of previous financial year (WUCt-1) | 12,965,175 | r |
| Average total assets at end of current financial year (WUCt) | 42,887,368 | s |
| Average total liabilities (TAL) | 27,769,568 | t | deduct | |
| WUC at end of current financial year (WUCt) | 1,272 | u | | deduct | |
| Half of revaluations | 882,073 | v | | |
| Intangible assets at end of previous financial year (It-1) | 0 | w | | |
| Intangible assets at end of current financial year (It) | 0 | x | | |
| Subvention payment at end of previous financial year (St-1) | 0 | y | | |
| Subvention payment tax adjustment at end of current financial year (St) | 0 | z | | |
| System fixed assets at end of current financial year at book value (SFABV) | 7,619,453 | aa | | |
| Average subvention payment related tax adjustment | 39,543,481 | ab | | |
| System fixed assets at end of current financial year at ODV value (SFAODV) | 23,222,462 | ac | | |
| System fixed assets of system fixed assets at ODV value (SFAt-1ODV) | 23,062,649 | ad | | |
| Average value of system fixed assets at ODV value (SFAODV) | 39,336,055 | ae | | |

Financial Performance Measure:

Formula ROI ROE ROF
AFEAdjt-1 = AFEt-1 - It-1 + v 49,278,874
ATEAdjt-1 = TEt-1 + v - w 29,624,422
ROI = OSBIITAdj / AFEAdjt-1 x 100 6.7
ROE = NSATAdj / WUCt-1 x 100 14.03
ROF = (OSBIITAdj - t) / (ATEAdjt-1) x 100 12.72

Additional notes:

  • (1) Minimum statutory income tax rate applying to corporate entities.
  • ROI = return on funds.
  • WUC = working capital.
  • ROE = return on equity.
  • ROF = return on funds employed.


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 91


Gazette.govt.nz — PDF NZ Gazette 2000, No 91




✨ LLM interpretation of page content

💰 Network Waitaki Limited Network Statistics (continued from previous page)

💰 Finance & Revenue
Network Statistics, Electricity, System Average Interruption Duration Index, System Average Interruption Frequency Index, Connection Average Interruption Duration Index, Reliability, Performance Measures