New Zealand Gazette – 2001 – No. 120

Page 3153

✨ Financial Performance Measures



SCHEDULE 1 – PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Estimate Derivation Table March 2002 Input and Calculations Symbol in Formulae ROF ROE ROI
Opening surplus before interest and income tax from financial statements 2,644
Opening surplus before interest and income tax adjusted pursuant to regulation 16 (GOSET) 2,644
Interest on cash, bank and short-term investments (BTI) 184
Straight-line depreciation (SL) 2,120
Net surplus after tax from financial statements 1,590 a
Net surplus after tax as adjusted pursuant to regulation 18 (NSAT) 1,600 n add add
Amortisation of goodwill and phasing of other changes 0 add add
Subvention payment 0 a add add add
Depreciation of PFA at BV (D) 1,490 d
GOV depreciation adjustment 1,030 g add add add
Subvention payment tax adjustment 0 a1 deduct deduct
Increase in tax payable -66 q
Revaluations 2,450 i
Income tax 964 p deduct deduct deduct
Numerator OSBIT1 = a ± g ± i ± d NPAT2 = n ± g ± i ± p OSBIT3 = a ± g ± v ± h
Fixed assets at end of previous financial year (FAg) 85,673
Fixed assets at end of current financial year (FA) 88,135
Add net working capital at end of previous financial year (NWCg) 186
Add net working capital at end of current financial year (NWC) 175
Average total capital employed (ATCE) (85,859+88,310)/2 weighted average o
Total equity at end of previous financial year (TEg) 88,586
Total equity at end of current financial year (TE) 92,761
Average total equity (88,586+92,761)/2 weighted average r
Dividend paid out of previous financial year (VOUg) 0
WO at end of current financial year (VOU1) 0
Average wages subject to ACC (AW) 6,351 weighted average w deduct
Accumulations 6,856 t
Half of movables (M) 2,285 f2 deduct
Intangible assets at end of previous financial year (Ig) 0
Intangible assets at end of current financial year (I) 0
Average total intangible asset weighted average m add
Subvention payment at end of previous financial year (Sg) 0
Subvention payment at end of current financial year (S) 0
Subvention payment adjustment at end of previous financial year 0
Subvention payment adjustment at end of current financial year 0 v add
System fixed assets at end of previous financial year at book value (SFAg) 84,074
System fixed assets at end of current financial year at book value (SFA1) 87,301
Average value of system fixed assets at book value (84,074+87,301)/2 weighted average f deduct deduct 48,602
System fixed assets at year beginning at ODV value (SFAgc) 24,674
System fixed assets at end of current financial year at ODV value (SFAc) 27,381
Average value of system fixed assets at ODV value (24,674+27,381)/2 weighted average h add add 25,980
Denominator ATCE4 = o ± e ± f ± h Ave TE5 = r ATCE4 = o ± e ± f ± h

Financial Performance Measure: | ROF = OSBIT1/ATCE4 x 100 | ROE = NPAT2/Ave TE5 x 100 | ROI = OSBIT3/ATCE4 x 100 |

1 maximum statutory income tax rate applying to corporate entities

g = optimised deprival valuation

ROF = return on funds

ROE = return on equity

ROI = return on investment

hv = book value

subscript 'g' = end of the previous financial year

subscript '1' = end of the current financial year



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 120


Gazette.govt.nz — PDF NZ Gazette 2001, No 120




✨ LLM interpretation of page content

🏭 Notes to and Forming Part of the Financial Statements for MainPower New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Efficiency Measures, Electricity, MainPower New Zealand Limited