✨ Financial Performance Measures
18 AUGUST
NEW ZEALAND GAZETTE
2335
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
Derivation Table
| Derivation Table | Input and Calculations | Symbol in formula | ROF | ROE | ROI |
|---|---|---|---|---|---|
| Half of revaluations | j/2 | ||||
| Intangible assets at end of previous financial year (A₀) | 106,323.9 (or regulation 33 time-weighted average) | g | deduct | deduct | |
| Intangible assets at end of current financial year (A₁) | 109,229.6 (or regulation 33 time-weighted average) | q | add | add | |
| Average total intangible asset | 70,833.84 | 71,783,897 | |||
| Subvention payment at end of previous financial year (S₀) | m | add | |||
| Subvention payment at end of current financial year (S₁) | v | ||||
| Subvention payment tax adjustment at end of previous financial year | |||||
| Subvention payment tax adjustment at end of current financial year | |||||
| Financial year | |||||
| Average subvention payment & related tax adjustment | 70,833.84 | ||||
| System fixed assets at end of previous financial year at book value (SFA₀) | 72,743,474 (or regulation 33 time-weighted average) | t | 71,783,897 (deduct) | ||
| System fixed assets at end of current financial year at book value (SFA₁) | 75,179,946 (or regulation 33 time-weighted average) | h | 71,783,897 (add) | ||
| System Fixed assets at year beginning at ODV value (SFA₀ₒ) | 89,855,931 | l | 71,783,897 (deduct) | ||
| System Fixed assets at end of current financial year as ODV value (SFA₁ₒ) | 90,728,474 (or regulation 33 time-weighted average) | i | 71,783,897 (add) | ||
| Denominator | Ave TE^bv = c - e - m + v - f + h | 73,018,882 | 81,888,110 | ||
| Financial Performance Measure: | ROF = OSBIT^odv / ATFE^odv × 100 | ROE = NSAT^bv / ATFE^bv × 100 | ROI = OSBIT^bv / ATFE^bv × 100 |
Note:
- bv = book value
- odv = optimised deprivised valuation
- subscript 0 = end of previous financial year
- subscript 1 = end of current financial year
- ROE = return on equity
- ROF = return on investment
- ROI = return on investment
¹ NSAT = Net Surplus After Tax
² ATFE = Average Total Fixed Assets excluding goodwill and intangible assets
h = average subvention tax rate and the cost of corporate entities
ROF = optimised derivable valuation
ROI is return on investment
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 93
Gazette.govt.nz —
NZ Gazette 2000, No 93
✨ LLM interpretation of page content
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Derivation of Financial Performance Measures from Financial Statements
(continued from previous page)
💰 Finance & RevenueFinancial Performance Measures, ROF, ROE, ROI, Operating Surplus, Depreciation, Revaluations, Intangible Assets, Subvention Payments, System Fixed Assets