✨ Financial Performance Measures
MARLBOROUGH LINES LIMITED - LINES BUSINESS
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
(Initial and Calculation)
| Derivation Table | Symbol | Formula |
|---|---|---|
| Operating surplus before interest and income tax from financial statements | a | 3,616 |
| Operating cash, bank balances, and short-term investments | b | 3,228 |
| Interest income from cash, bank balances, and short-term investments (IST) | c | 238 |
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | d | 2,388 |
| Amortisation of goodwill and amortisation of other intangibles | e | 0 |
| OSBITT minus IST | f | 3,378 |
| Adjust net working capital at end of previous financial year (ΔNWC) | g | 2,503 |
| Adjusted net working capital at end of current financial year (ANWC) | h | 21,049 |
| Subvention payment | i | 0 |
| COV depreciation adjustment | j | -1,582 |
| Depreciation of SFA at BV (k) | k | 1,662 |
| Depreciation | l | -1,069 |
| Subvention tax adjustment | m | 0 |
| Revaluations | n | 416 |
| Interest tax shield | o | 0 |
| Numerator | p | 1,556 |
| NSAT + (f) - g + j + l - n - o | q | 275 |
| OSBIT + (f) + j | r | 2,096 |
| Tax at 33% | s | 726 |
| OSAT + q + s - r + d | t | 1,313 |
| Fixed assets at end of previous financial year (FA) | C | 14,986 |
| Adjusted net working capital at end of previous financial year (ANWC) | D | 2,703 |
| Adjusted net working capital at end of current financial year (ANWC) | E | 21,049 |
| Total equity at end of previous financial year (TE) | F | 21,044 |
| Average total funds employed (ATFE) | G | 22,504 |
| WUC at end of previous financial year (WUC) | H | 188 |
| Average total works under construction | I | 174 |
| Half of revaluations | J | 208 |
| Intangible assets at end of current financial year (%) | K | 0 |
| Average total intangible assets | L | 0 |
| Subvention payment at end of previous financial year (SP) | M | 0 |
| Subvention payment tax adjustment at end of previous financial year | N | 0 |
| System fixed assets at end of previous financial year at book value (SFA) | O | 13,934 |
| System fixed assets at end of current financial year at book value (SFA) | P | 12,064 |
| Average value of system fixed assets at book value (SFAC) | Q | 13,049 |
| System Fixed assets at year beginning of current financial year at ODV value (SFACODV) | R | 20,294 |
| Average value of system fixed assets at ODV value (SFACODV) | S | 18,991 |
| Financial Performance Measures | ||
|---|---|---|
| ROF | ||
| ROI based on formula | ROI | 3.22% |
| ROE | ||
| Return on equity (ROE) | ROE | 6.09% |
| ROFI | ||
| Return on funds employed (ROFI) | ROFI | 6.91% |
Formula Notes:
a + b - c + e + f + g + j + k + l - m
Return on Investment (ROI):
ROI = (OSAT + r - t) / (TE + g) * 100
Return on Equity (ROE):
ROE = NSAT / TE * 100
Return on Funds Employed (ROFI):
ROFI = OSBIT / (ATFE + g) * 100
Note:
- Maximum statutory allowed tax rate applies to corporate entities.
- ΔNWC = change in working capital; ANWC = adjusted net working capital.
- BV = book value; ODV = optimised deprival valuation; SFA = system fixed assets.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 121
Gazette.govt.nz —
NZ Gazette 2001, No 121
✨ LLM interpretation of page content
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Marlborough Lines Limited Financial Performance Measures
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🏭 Trade, Customs & IndustryFinancial Performance, Operating Surplus, Return on Investment, Return on Equity, Return on Funds Employed, Marlborough Lines Limited