New Zealand Gazette – 2001 – No. 107

Page 2756

✨ Financial Performance Measures

No. 107

SCHEDULE 1 - PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table	Symbol in formula	Input and Calculations	ROI	ROE	ROF
Operating surplus before interest and income tax from financial statements	a	43,982,357	42,510,219		42,510,219
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT)		43,882,357
Interest on cash, bank balances, and short-term investments (IST)		1,472,139
OSBIT minus IST		42,510,219
Net surplus after tax from financial statements		42,076,423		21,076,423
Net surplus after tax adjusted pursuant to regulation 18 (NSAT)	b	21,076,423	add	0
Amortisation of goodwill and amortisation of other intangibles	c	21,106,233	0	add	add
Subvention payment	g	0	0	0
Depreciation of SFA at ODV (%)	h	13,979,899	add	add
ODV depreciation adjustment		15,782,207	197,692	197,692
Subvention payment tax adjustment	i	187,692	deduct	deduct	add
Interest tax shield	q	314,2637	0	0
Revaluations	r	-10,874,159	deduct
Income tax	p	11,910,654	add	21,274,115
Numerator		414,154,637
Fixed assets at end of previous financial year (FAj)		412,269,788
Fixed assets at end of current financial year (FAk)		11,066,185
Adjusted net working capital at end of previous financial year (ANWCj)		1,057,153
Adjusted net working capital at end of current financial year (ANWCk)		415,619,258			415,619,258
Average total funds employed (TFE)			(or regulation 33 time-weighted average)
Total equity at end of previous financial year (TEj)				254,378,106
Total equity at end of current financial year (TEk)				254,058,689
Average total equity		253,769,142		(or regulation 33 time-weighted average)