New Zealand Gazette – 2000 – No. 98

Page 2468

✨ Financial Performance Measures



2468
NEW ZEALAND GAZETTE
No. 98

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 57,847
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) 57,847 57,847 57,847
Interest on cash, bank balances, and short-term investments (ISTI) 0
OSBIT minus ISTI 57,847 a
Net surplus after tax from financial statements 36,425 36,425
Net surplus after tax adjusted pursuant to regulation 18 (NSAT) 36,425 n add 0 add
Amortisation of goodwill and amortisation of other intangibles 0 g add 0 add
Subvention payment 0 s
Depreciation of SFA at BV (x) 15,345 e^t -58 add
Depreciation of SFA at ODV (y) 15,404 s^t deduct
ODV depreciation adjustment -59 d add -59 add
Subvention payment tax adjustment 0 q deduct
Interest tax shield 0 r add
Revaluations -41,634 r deduct
Income tax 21,222 p deduct
Numerator OSBIT^ADJ = a + g + s + d NSAT^ADJ = n + g + s - s^t + d - p - r^t OSBIT^ADJ = a + g - q + r + s + d - p - s^t
Fixed assets at end of previous financial year (FA₀) 463,872
Fixed assets at end of current financial year (FA₁) 429,919
Adjusted net working capital at end of previous financial year (ANWC₀) -8,721
Adjusted net working capital at end of current financial year (ANWC₁) -4,816
Average total funds employed (ATFE) 441,226 c 441,226 441,226
Total equity at end of previous financial year (TE₀) 473,296
Total equity at end of current financial year (TE₁) 426,042 k 449,669
Average total equity 449,669
WUC at end of previous financial year (WUC₀) 2,309
WUC at end of current financial year (WUC₁) 9,759 e deduct 6,034 deduct
Average total works under construction 6,034
Revaluations -41,634 r
Half of revaluations -20,817 r/2
Intangible assets at end of previous financial year (IA₀) 0
Intangible assets at end of current financial year (IA₁) 0 m add 0
Average total intangible asset 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 v add 0
Average subvention payment & related tax adjustment 0
System fixed assets at end of previous financial year at book value (SFA₀,bv) 439,315
System fixed assets at end of current financial year at book value (SFA₁,bv) 418,814 f deduct 418,814 deduct
Average value of system fixed assets at book value 418,814
System Fixed assets at year beginning at ODV value (SFA₀,odv) 441,092
System Fixed assets at end of current financial year at ODV value (SFA₁,odv) 397,813 h add 419,488 add
Average value of system fixed assets at ODV value 419,488
Denominator 436,065 444,509 456,882
Financial Performance Measure: ROF = OSBIT^ADJ / ATFE^ADJ x 100 ROE = NSAT^ADJ / ATE^ADJ x 100 ROI = OSBIT^ADJ / ATFE^ADJ x 100
13.206 8.181 -1.153

t = maximum statutory income tax rate applying to corporate entities
bv = book value
ave = average
odv = optimised depreval valuation
subscript '0' = end of the previous financial year
subscript '1' = end of the current financial year
ROF = return on funds
ROE = return on equity
ROI = return on investment



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2000, No 98


Gazette.govt.nz — PDF NZ Gazette 2000, No 98




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💰 Disclosure of financial and efficiency performance measures by line owners (continued from previous page)

💰 Finance & Revenue
Financial performance, Efficiency performance, Electricity, Information Disclosure, Orion