New Zealand Gazette – 2001 – No. 112

Page 2919

✨ Financial Performance Measures

SCHEDULE 1 – Part 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table

Symbol	Ref	Input And Calculations	ROE
a	Operating surplus before interest and income tax from financial statements (OB36/INT)	1,861,094
b	Interest on cash, bank balances and short-term investments	1,307,400
c	Interest payable	84,786
d	Net surplus after tax adjusted pursuant to regulation 18 (NSA1)	1,753,692
e	Net surplus after tax as per financial statements	1,229,166
f	Amortisation of goodwill and amortisation of other intangibles	0
g	Adjustment for amortisation of SFA at 31 July (3)	36,382
h	Depreciation of property, plant and equipment	306,387
i	Impairment of PPE	223,740
j	Subvention payment reversed	0
k	Donations received	10,276,805
l	Revaluations	1,252,452
m	Fixed assets at end of previous financial year (F03)	11,464,532
n	Adjusted net working capital at end of previous financial year (ANWC2)	74,954,000
o	Average total assets at end of current financial year (ATA)	61,438,064
p	Total equity at end of previous financial year (TE)	57,470,300
q	Total liabilities at end of previous financial year (TL)	5,172,388
r	Average total equity (ATE)	57,740,300
s	(avg between 5 & 6)
t	Revaluations	0
u	WUC at end of current financial year (WUC)	5,038,403
v	Average local works under construction	3,038,443
w	Revaluations (for regulation 13 time-weighted average)	0
x	Subvention payments	0
y	Subvention payment at end of current financial year (SP)	61,644,000
z	Subvention benefits received and related to gifting	0
aa	Subvention benefits paid	73,397,860
bb	System fixed assets at end of previous financial year at book value (SFAa)	67,350,500
cc	System fixed assets at end of current financial year at book value	75,532,800
dd	Average value of System Fixed assets at ODV value (SFAav)	67,533,500
ee	Average value of current fixed assets at ODV value	77,530,500
ff	Donations (for regulation 13 time-weighted average)	65,398,977
	ROFA – ROI (System value including SFA are appraised at current value)		60,133,167
	ROFA – OSB11 (Total net current monetary asset, ROI return on investment)		89.43
	ROTA (EBIT/Average total assets)		19.23

Financial Performance Measures

Ref	Formula	ROE (%)
1	(a+b-c)/d	1,807,708
2	(d/e) * 100	add
3	add	add
4	deduct	deduct
5	add	5,038,403
6	deduct	65,171,590
7	add	0
8	deduct
9	add
10	(m+n+o)	1,252,452
11	(NSA1 + Tax amortisation)	1,753,692
12	deduct

Note: add = addition, deduct = subtraction

Notes

Operating surplus before interest and income tax: from financial statements.
Interest on cash, bank balances and short-term investments: from financial statements.
Net surplus after tax: as adjusted pursuant to regulation 18 (NSA1).
Adjustments for working capital and related items per regulations.
Average values and final calculations based on provided guidelines.

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