✨ Financial Performance Measures
3 SEPTEMBER
NEW ZEALAND GAZETTE
2989
SCHEDULE 1, PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Input and Calculations | Symbol in formula | ROF | RDE | ROI |
|---|---|---|---|---|---|
| Operating surplus before interest and income tax from financial statements | |||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 15 (OSBIT) | a | 5,652 | 5,652 | ||
| Interest on cash, bank balances, and short-term investments (SIT) | |||||
| OSBIT minus IST | |||||
| Net surplus after tax from financial statements | n | 3,962 | |||
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | |||||
| Amortisation of goodwill and amortisation of other intangibles | g | add | 0 | add | 0 |
| Subvention payment | s | add | 0 | add | 0 |
| Depreciation of SFA at BV (x) | |||||
| Depreciation of SFA at ODV (y) | d | add | 468 | add | |
| ODV depreciation adjustment | |||||
| Subvention payment tax adjustment | s' | deduct | 0 | ||
| Interest tax shield | q | deduct | |||
| Revaluations | r | add | 4,169 | 4,169 | |
| Income tax | p | deduct |
Numerator:
| | | | OSBT^(1,0) = a + g + s + d | | NSAT^(1,1) = n + g + s - s' + r + q - p | | OSBIT^(1,2) = a + g + r |
| Fixed assets at end of previous financial year (FA_p) | | | |
| Fixed assets at end of current financial year (FA_c) | | 31,314 |
| Adjusted net working capital at end of previous financial year (ANWC_p) | | |
| Adjusted net working capital at end of current financial year (ANWC_c) | | 576 |
| Average total funds employed (ATFE) (or regulation 33 time-weighted average) | c | 32,479 | | 32,479 | |
| Total equity at end of previous financial year (TE_p) | | |
| Total equity at end of current financial year (TE_c) | | 27,231 |
| Average total equity (or regulation 33 time-weighted average) | k | | | 16,316 |
| WUC at end of previous financial year (WUC_p) | | 6,818 |
| WUC at end of current financial year (WUC_c) | | 6,386 |
| Average total works under construction | e | deduct | 6,503 | deduct | 6,503 | deduct | 6,503 |
| Revaluations | f | | |
| Half of revaluations | | | -3,084 |
| Intangible assets at end of previous financial year (Ia_p) | |
| Intangible assets at end of current financial year (Ia_c) | | 0 |
| Average total intangible asset (or regulation 33 time-weighted average) | m | add | 0 |
| Subvention payment at end of previous financial year (S_p) | |
| Subvention payment at end of current financial year (S_c) | |
| Subvention payment tax adjustment at end of previous financial year |
| Subvention payment tax adjustment at end of current financial year |
| Average subvention payment & related tax adjustment | v | | add | 0 |
| System fixed assets at end of previous financial year at book value (SFA_bv) | |
| System fixed assets at end of current financial year at book value (SFA_c) | | 29,895 |
| Average value of system fixed assets at book value (or regulation 33 time-weighted average) | l | deduct | 29,896 |
| System Fixed assets at year beginning at ODV value (SFA_odv) | |
| System Fixed assets at end of current financial year at ODV value (SFA_odv) | | 53,634 |
| Average value of system fixed assets at ODV value (or regulation 33 time-weighted average) | h | add | 53,634 | add | 53,634 | add | 53,634 |
Denominator:
| ATFE^(3.0) = c - e - l + h |
| AVE TE^(3.1) = k - e - m + v + h |
| ATFE^(3.2) = c - e - l + n |
Financial Performance Measure:
| ROF = OSBIT^(1.0)/ATFE^(3.0) x 100 | 11.1 |
| ROG = NSAT^(1.1)/ATFE^(3.1) x 100 | 11.2 |
| ROI = OSBIT^(1.2)/ATFE^(3.2) x 100 | 12.6 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 115
Gazette.govt.nz —
NZ Gazette 2001, No 115
✨ LLM interpretation of page content
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Notes to the financial statements
(continued from previous page)
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