✨ Financial Performance Measures
2888
NEW ZEALAND GAZETTE
No. 111
F. 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 | 17,023 | ||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT1) | 17,023 | ||||
| Interest on cash, bank balances, and short-term investments (IST) | 0 | ||||
| OSBIT minus IST | a | 17,023 | 17,023 | ||
| Net surplus after tax from financial statements | 5,201 | ||||
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | 5,201 | n | 5,201 | ||
| Amortisation of goodwill and amortisation of other intangibles | 0 | s | add | 0 | add |
| Subvention payment | 2,055 | b | add | 2,055 | add |
| Depreciation of SFA at BV (k) | 6,284 | ||||
| Depreciation of SFA at ODV (y) | 5,008 | ||||
| ODV depreciation adjustment | 3,276 | d | add | 3,276 | add |
| Subvention payment tax adjustment | 678 | t¹ | deduct | 678 | |
| Interest tax shield | 2,510 | q | deduct | 2,510 | |
| Revaluations | 2,287 | i | add | 2,287 | |
| Income tax | 4,217 | p | deduct | 4,217 | |
| Numerator | OSBIT^(ADJ) = a + g + s + d | NSAT^(ADJ) = n - g + s + t¹ + d | OSBIT^(ADJ) = a - g + i + a = d |
| | | | 22,354 | 9,854 | 17,236 |
| Fixed assets at end of previous financial year (FA₀) | 198,653 | | | | |
| Fixed assets at end of current financial year (FA₁) | 198,869 | | | | |
| Adjusted net working capital at end of previous financial year (ΔNWC₀) | -2,841 | | | | |
| Adjusted net working capital at end of current financial year (ΔNWC₁) | 2,218 | | | | |
| Average total working capital employed (ATEW) | 195,732 | c | 195,732 | | 195,732 |
| Total equity at end of previous financial year (TE₀) | 70,574 | | | | |
| Total equity at end of current financial year (TE₁) | 74,508 | | | | |
| Average total equity | 72,541 | k | | 72,541 | |
| WUC at end of previous financial year (WUC₀) | 1,798 | | | | |
| WUC at end of current financial year (WUC₁) | 1,469 | | | | |
| Average total works under construction | 1,614 | (or regulation 35 time-weighted average) | deduct | 1,614 | deduct | 1,614 |
| Revaluations | 2,287 | r | | |
| Half of revaluations | 1,144 | f/2 | | deduct | 1,144 |
| 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) | 2,000 | | | | |
| Subvention payment at end of current financial year (S₁) | 2,055 | | | | |
| Subvention payment tax adjustment at end of previous financial year | 660 | | | | |
| Subvention payment tax adjustment at end of current financial year | 678 | | | | |
| Average subvention payment and related tax adjustment | 1,359 | v | | | |
| System fixed assets at end of previous financial year at book value (SFAbv₀) | 196,882 | | | | |
| System fixed assets at end of current financial year at book value (SFAbv₁) | 197,403 | | | | |
| Average value of system fixed assets at book value | 197,143 | f | | deduct | 197,143 | deduct | 197,143 |
| System fixed assets at year beginning at ODV value (SFAodv₀) | 149,867 | | | | |
| System fixed assets at end of current financial year at ODV value (SFAodv₁) | 153,360 | | | | |
| Average value of system fixed assets at ODV value | 151,614 | h | add | 151,614 | add | 151,614 |
| Denominator | | | ATFE^(OD) = c - e - f + h | | ATFE^(ADJ) = k - e - m + t + v + h |
| | | | | 148,589 | | 26,757 | 147,445 |
| Financial Performance Measure | | | ROF = OSBIT^(ADJ)/ATFE^(ADJ) x 100 | ROE = NSAT^(ADJ)/ATE^(ADJ) x 100 | ROI = OSBIT^(ADJ)/ATFE^(ADJ) x 100 |
| | | | 15.0 | 26.8% | 11.7 |
1 = maximum statutory income tax rate applying to corporate entities
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
bv = book value
av = average
odv = optimised deprival valuation
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 111
Gazette.govt.nz —
NZ Gazette 2001, No 111
✨ LLM interpretation of page content
💰 Derivation of Financial Performance Measures
💰 Finance & RevenueFinancial Performance, Measures, Derivation, ROF, ROE, ROI, Operating Surplus, Net Surplus, Depreciation, Revaluations