New Zealand Gazette – 2000 – No. 96

Page 2414

✨ Financial Performance Measures



2414
NEW ZEALAND GAZETTE
No. 96

SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table Input and Calculations Symbol in formula ROF ROE ROI
Operating surplus before interest and income tax from financial statements 15,544,000
Operating surplus before interest and income tax adjusted pursuant to regulation 15 (OSBIT) 15,544,000
Interest on cash, bank balances, and short-term investments (ISTI) 5,000
OSBIT minus ISTI 15,539,000 a 15,539,000 15,539,000
Net surplus after tax from financial statements 7,320,000 7,320,000
Amortisation of goodwill and amortisation of other intangibles 0 g add 0 add
Subvention payment 0 s add 0 add
Depreciation of SFA at BV (x) 4,545,000
Depreciation of SFA at ODV (y) 4,545,000
ODV depreciation adjustment 0 d add 0 add
Subvention payment tax adjustment 0 s*r deduct 0 deduct
Interest tax shield 912,450 q 912,450
Revaluations 4,339,000 r add 4,339,000
Income tax 5,454,000 p deduct 5,454,000
Numerator OSBIT^adj = a + g - s - d NSAT^adj = n + g - s - r + d OSBIT^adj = a + g - q + r + s + d - p - s*r
Fixed assets at end of previous financial year (FA₀) 134,204,000
Fixed assets at end of current financial year (FA₁) 140,750,000
Adjusted net working capital at end of previous financial year (ANWC₀) 1,305,000
Adjusted net working capital at end of current financial year (ANWC₁) (322,000)
Average total funds employed (ATFE) 137,968,500 c 137,968,500 (or regulation 33 time-weighted average) 137,968,500
Total equity at end of previous financial year (TE₀) 101,710,000
Total equity at end of current financial year (TE₁) 94,027,000
Average total equity 97,618,500 k 97,618,500 (or regulation 33 time-weighted average)
WUC at end of previous financial year (WUC₀) 2,549,000
WUC at end of current financial year (WUC₁) 1,457,000
Average total works under construction 2,003,000 e deduct 2,003,000 deduct
Revaluations 4,339,000 r
Half of revaluations 2,169,500 r/2 deduct 2,169,500
Intangible assets at end of previous financial year (IA₀) 0
Intangible assets at end of current financial year (IA₁) 0
Average total intangible asset 0 m add 0
Subvention payment at end of previous financial year (S₀) 0
Subvention payment at end of current financial year (S₁) 0
Subvention payment tax adjustment at end of previous financial year 0
Subvention payment tax adjustment at end of current financial year 0
Average subvention payment & related tax adjustment 0 v
System fixed assets at end of previous financial year at book value (SFA₀,bv) 129,505,987
System fixed assets at end of current financial year at book value (SFA₁,bv) 136,112,643
Average value of system fixed assets at book value 132,809,315 f deduct 132,809,315 deduct
System fixed assets at year beginning at ODV value (SFA₀,odv) 129,505,987
System fixed assets at end of current financial year at ODV value (SFA₁,odv) 136,112,643
Average value of system fixed assets at ODV value 132,809,315 h add 132,809,315 add
Denominator 135,965,500 95,615,500 133,796,000
Financial Performance Measure: ATFE^adj = c - e - f + h Ave TE^adj = k - e - m - v - f + h ATFE^adj = c - e - f - r - f + h
11.4 7.7 10.1
ROF = OSBIT^adj/ATFE^adj x 100 ROE = NSAT^adj/Ave TE^adj x 100 ROI = OSBIT^adj/ATFE^adj x 100

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DEPARTMENT OF INTERNAL AFFAIRS
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ISSN 0111-5650
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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 96


Gazette.govt.nz — PDF NZ Gazette 2000, No 96




✨ LLM interpretation of page content

🌾 Disclosure of financial and efficiency performance measures for Electricity (continued from previous page)

🌾 Primary Industries & Resources
Electricity, Financial Performance, Efficiency, Regulation 22, Reliability, Interruptions, Faults, SAIDI, SAIFI, CAIDI