✨ Financial Statements
NEW ZEALAND GAZETTE
No. 163
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS
FORM FOR THE DERIVATION OF FINANCIAL AND EFFICIENCY MEASURES FROM THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2001
| in formula | calculations | ROF | ROE | ROI | |
|---|---|---|---|---|---|
| $000 | $000 | $000 | |||
| Earnings before interest and tax (EBIT) before revaluations | 177,110 | 177,110 | |||
| Net profit after tax (NPAT) | a | 70,957 | |||
| Amortised goodwill | g | ||||
| s | |||||
| Subvention payment at BV | 74,210 | 74,210 | 74,210 | ||
| Depreciation of NFA at BV | x | 74,210 | 74,210 | 74,210 | |
| Depreciation of SFA at ODV | y | 74,210 | 74,210 | 74,210 | |
| ODV depreciation tax alignment | (x-y) | 0 | 0 | 0 | |
| Subvention tax effect | s^1 | ||||
| Interest Tax Shield | 35,806 | ||||
| Revaluations | r | -59,116 | |||
| Income tax | p | 20,897 | |||
| Numerator (as adjusted) | 177,110 | 70,957 | 68,291 |
Numerator formula | | EBIT(A)^(T) : g + s^1d | NPAT(A)^(T) : g + s^1d + r | EBIT(A)^(T) : g + s^1d + r + s^1 + p |
| Fixed assets at year beginning (FA0) | | 2,193,227 |
| Fixed assets at year end (FA1) | | 2,089,094 |
| | (FA0 + FA1)/2 | 2,141,161 |
| Net working capital at year beginning (ΔNWC0) | | 58,855 |
| Net working capital at year end (ΔNWC1) | | 17,013 |
| | (ΔNWC0 + ΔNWC1)/2 | 37,934 |
| Average total funds employed (ATFE) | c = (FA + I + ΔNWC)/2 | 2,179,097 |
| Total equity at year beginning (TE0) | | 944,101 |
| Total equity at year end (TE1) | | 911,678 |
| | (TE0 + TE1)/2 | 927,890 |
| Average total equity | k | 927,890 |
| Works under construction at year beginning (WUC0) | | 69,605 |
| Works under construction at year end (WUC1) | | 78,258 |
| | (WUC0 + WUC1)/2 | 73,932 |
| Revaluations | r | -59,116 |
| Intangible asset at year beginning (IA0) | | 0 |
| Intangible asset at year end (IA1) | | 0 |
| | (IA0 + IA1)/2 | 0 |
| Average intangible asset | m | |
| Subvention payment at previous year end (S0) | | |
| Subvention payment for this year (S1) | | |
| Subvention payment tax adjustment for previous year | | |
| Subvention payment tax adjustment for this year | | |
| | (S0 + S1)(1 - t)/2 | |
| Average subvention payment & related tax adjustment | |
| System fixed assets at year beginning at book value (SFA bv0) | 2,090,000 |
| System fixed assets at year end at book value (SFA bv1) | 1,979,000 |
| | (SFA bv0 + SFA bv1)/2 | 2,034,500 |
| Average value of system fixed assets at book value | |
| System fixed assets at year beginning ODV value (SFA odv0) | 2,090,000 |
| System fixed assets at year end ODV value (SFA odv1) | 1,979,000 |
| | (SFA odv0 + SFA odv1)/2 | 2,034,500 |
| Average value of system fixed assets at ODV value | |
| Denominator (as adjusted) | ATFE^(Adj) : c + e + h | 2,105,165 | 853,958 | 2,134,723 |
Denominator formula | ATFE^(Adj) = c + e + h | Av TE^(Adj) = k - c + e + v + h | ATFE^(Adj) = c + Sr + h |
| Financial performance measure | | | | |
| | EBIT^(Adj)/ATFE^(Adj) x 100 | NPAT^(Adj)/Av TE^(Adj) x 100 | EBIT^(Adj)/ATFE^(Adj) x 100 |
| | 8.4 | 8.3 | 3.2 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 163
Gazette.govt.nz —
NZ Gazette 2001, No 163
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Transpower New Zealand Limited Lines Business Financial Position
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