New Zealand Gazette – 2001 – No. 105

Page 2705

✨ Financial Performance Measures



29 AUGUST

NEW ZEALAND GAZETTE

2705

VECTOR Limited
Electricity Lines Business
FOR THE YEAR ENDED 31 MARCH 2001

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

Derivation Table Input and Calculations $000 Symbol in formula ROF $000 ROE $000 ROI $000
Operating surplus before interest and income tax from financial statements 112,041
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) 112,041
Interest on cash, bank balances, and short-term investments (ISTI) 303 a 111,738 111,738
OSBIT minus ISTI 111,738
Net surplus after tax from financial statements 63,672 n 62,872
Net surplus after tax adjusted pursuant to regulation 18 (NSAT) 63,672
Amortisation of goodwill and amortisation of other intangibles 0 q add 0 add
Subvention payment:
Depreciation of SFA at BV (x) 19,381 add 0 add
Depreciation of SFA at ODV (y) 19,381
ODV depreciation adjustment 0 d add 0 add
Subvention payment tax adjustment 3,434 r deduct
Interest tax shield 8,118 add
Income tax 42,345 p deduct
Numerator OSBIT^ROF = a + e + s + d NSAT^ROE = n + q + s - t + v OSBIT^ROI = a - q - s + r + d - p - s + t
Fixed assets at end of previous financial year (FA₀) 689,632
Fixed assets at end of current financial year (FA₁) 927,869
Adjusted net working capital at end of previous financial year (ANWC₀) -50,170
Adjusted net working capital at end of current financial year (ANWC₁) -3,541
Average total funds employed (ATFE) 881,395 c
Total equity at end of previous financial year (TE₀) 737,310
Total equity at end of current financial year (TE₁) 741,520
Average total equity 739,350 k 739,350
WUC at end of previous financial year (WUC₀) 143,700
WUC at end of current financial year (WUC₁) 33,027
Average total works under construction 88,409 e deduct 88,409 deduct
Revaluations 8,118 f
Half of revaluations 4,059 r/2 deduct
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 0
Subvention payment at end of current financial year 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 add 0
System fixed assets at end of previous financial year at book value (SFA_BV0) 707,562
System fixed assets at end of current financial year at book value (SFA_BV1) 854,219
Average value of system fixed assets at book value 780,901 f deduct 780,901 deduct
System fixed assets at year beginning at ODV value (SFA_ODV0) 707,582
System fixed assets at end of current financial year at ODV value (SFA_ODV1) 854,219
Average value of system fixed assets at ODV value 780,901 h add 780,901 add
Denominator 792,396 650,541 788,927
Financial Performance Measure: ROF = OSBIT^ROF / ATFE^ROF x 100 ROE = NSAT^ROE / ATFE^ROE x 100 ROI = OSBIT^ROI / ATFE^ROI x 100
14.1 9.8 9.4
  • t = maximum statutory income tax rate applying to corporate entities
  • bv = book value
  • ave = average
  • odv = optimised disposal 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 2001, No 105


Gazette.govt.nz — PDF NZ Gazette 2001, No 105




✨ LLM interpretation of page content

🏭 Vector Limited Reliability Performance Measures (continued from previous page)

🏭 Trade, Customs & Industry
Reliability, Performance Measures, Electricity, Vector Limited, CAIDI, Interruptions