New Zealand Gazette – 2001 – No. 118

Page 3052

✨ Financial Performance Measures



3052

NEW ZEALAND GAZETTE

No. 118

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 2,085,409
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) 2,085,409 2,085,409
Interest on cash, bank balances, and short-term investments (IST) 0
OSBIT minus IST 2,085,409 a 2,085,409
Net surplus after tax from financial statements 671,501
Net surplus after tax adjusted pursuant to regulation 18 (NSAT) 1,397,224 n 1,397,224
Amortisation of goodwill and amortisation of other intangibles 0 g add add add
Subvention payment 0 s add 0 add
Depreciation of SFA at BV (x) 2,757,821
Depreciation of SFA at ODV (y) 2,757,821 d add ded add
ODV depreciation adjustment 0 d'
Subvention payment tax adjustment 0 s' deduct
Interest tax shield 0 q deduct
Revaluations 3,497,613 r add
Income tax 579,529 p deduct 579,529
Numerator OSBIT^(ADJ) = a + g + s + d + r NSAT^(ADJ) = n + g + s - q + r - p OSBIT^(BV) = a + g + s + f + r

| Fixed assets at end of previous financial year (FAp) | 86,223,456 | | | |
| Fixed assets at end of current financial year (FAc) | 73,322,225 | | | |
| Adjusted net working capital at end of previous financial year (ANWCp) | -76,970 | | | |
| Adjusted net working capital at end of current financial year (ANWc) | -1,188,506 | | | |
| Average total funds employed (ATFE) | 68,640,100 | c | 68,640,100 | |
| Total equity at end of previous financial year (TEp) | 59,435,129 | | | |
| Total equity at end of current financial year (TEc) | 67,658,018 | | | |
| Average total equity | 63,708,203 | k | | 63,708,203 |
| WUC at end of previous financial year (WUCp) | 90,827 | | |
| WUC at end of current financial year (WUc) | 3,864,307 | | |
| Average total works under construction | 1,732,067 | e | deduct | 1,732,067 | deduct |
| Revaluations | 3,497,613 | r | |
| Half of revaluations | | r/2 | 1,748,807 | |
| Intangible assets at end of previous financial year (IAp) | | | | |
| Intangible assets at end of current financial year (IAc) | | | | |
| Average total intangible asset | | m | add | |
| Subvention payment at end of previous financial year (Sp) | | | | |
| Subvention payment at end of current financial year (Sc) | | | | |
| 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 | 61,829,562 | v | add | |
| System fixed assets at end of previous financial year at book value (SFAPbv) | | | | |
| System fixed assets at end of current financial year at book value (SFACbv) | 66,798,447 | | | |
| Average value of system fixed assets at book value | 64,314,015 | f | 84,314,015 | deduct | 64,314,015 |
| System Fixed assets at year beginning at ODV value (SFApodv) | 61,829,562 | | | |
| System Fixed assets at end of current financial year at ODV value (SFAcodv) | 66,798,447 | | | |
| Average value of system fixed assets at ODV value | 64,314,015 | h | add | 64,314,015 | add |

| Denominator | | ATFE^(BV) = c - e + f + h | Ave TE^(ADJ) = k + e | ATFE^(ODV) = c - e - f + h |

Financial Performance Measure:

ROF ROE ROI
t = maximum statutory income tax rate applying to corporate entities
bv = book value 3.1
ave = average 2.3
odv = optimised deprival valuation 7.7
subscript '0' = end of the previous financial year

ROF = return on funds

ROE = return on equity

ROI = return on investment



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 118


Gazette.govt.nz — PDF NZ Gazette 2001, No 118




✨ LLM interpretation of page content

💰 Electricity Ashburton Limited Financial Report (continued from previous page)

💰 Finance & Revenue
Financial Report, Electricity Ashburton Limited, Construction, Maintenance, Net Surplus, ODV Valuation