Financial Performance Measures




3030

NEW ZEALAND GAZETTE

No. 117

WESTPOWER LIMITED - LINES BUSINESS

SCHEDULE 1, PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Total equity at end of previous financial year (TEₚ) 40,333
Average total equity 40,859
WUC at end of previous financial year (WUCₚ) 40,891
WUC at end of current financial year (WUCₛ) 457
Average total works under construction 454
Revaluations 481 deduct
High of revaluations (3,023)
Intangible assets at end of previous financial year (IAₚ) (1,512)
Intangible assets at end of current financial year (IAₛ) -
Average total intangible assets -
Subvention payment at end of previous financial year (Sₚ) -
Subvention payment at end of current financial year -
Subvention payment tax adjustment at end of previous financial year -
Subvention payment tax adjustment at end of current financial year -
Average subvention payment and related tax adjustment -
System fixed assets at end of previous financial year at book value (SFAₚ,ₚᵥ) 49,370
System fixed assets at end of current financial year at book value (SFAₛ,ₚᵥ) 47,381
Average value of system fixed assets at book value 48,375
System fixed assets at end of previous financial year at GDV value (SFAₚ,ₚᵥ) 49,370
System fixed assets at end of current financial year at GDV value (SFAₛ,ₚᵥ) 47,381
Average value of system fixed assets at GDV value 48,376
Denominator
Financial Performance Measure
ROE = Return on Equity 7.6%
ROE = Return on Average Equity 5.7%

Definitions

k = Total equity at end of previous financial year (TEₚ)

$ = WUC at end of current financial year (WUCₛ)

c = Average works under construction

e = Subvention payment at end of previous financial year (Sₚ)

m = Subvention payment tax adjustment at end of current financial year

( ) = deduct

f = System fixed assets at end of previous financial year at book value (SFAₚ,ₚᵥ)

i = Average value of system fixed assets at GDV value

h = System fixed assets at end of current financial year at GDV value (SFAₛ,ₚᵥ)

Financial performance measures:

ROE = Return on Equity

ROE = (book value at end of current financial year - book value at end of previous financial year)/book value at end of previous financial year



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2001, No 117


Gazette.govt.nz PDF NZ Gazette 2001, No 117





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