New Zealand Gazette – 2001 – No. 80

Page 1891

✨ Financial Performance Measures



31 JULY

NEW ZEALAND GAZETTE

1891

FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Network Waikato Limited (Lines)

Derivation Table

Operating surplus before interest and income tax from financial statements (GSBIT)

  • Interest on cash, bank balances, and short-term investments (I)
  • OSBIT minus I (SBIT)
    Net surplus after tax from financial statements
  • Amortisation of goodwill and amortisation of other intangibles
  • Subvention payment
  • Depreciation of SFA at BV(t)
  • OGV depreciation adjustment
    = Revised tax allowed
    Income tax
    Revaluations
Symbol Input and Calculations A B C D E F G H I J K
1.97,835/4 391,273 837,497 1,478,650 119,424 490,397 280,316 40,461,286 1,932,544 39,632,311 40,069,958 45,177,694
1.50,723 853 853
ROI 0 0 add deduct 0 0 deduct
837,497 add 837,467
40,857,456

Financial Performance Measures:

Numerator Symbol Formula
Fixed assets at end of previous financial year (FA(_{t-1})) OSBIT(^{Adj}_{t}) = O = g + s OSBIT(^{Adj}_{t}) = g + s
Adjusted net working capital at end of previous financial year (ANWC(_{t-1})) NSAT(^{Adj}_{t}) = n = g - t NSAT(^{Adj}_{t}) = g - t
Average total funding capital at end of current financial year (AF(_t)) ROF = OSBIT(^{Adj}{t-1}) / TA({t-1})
Total equity at end of previous financial year (TE(_{t-1})) ROE = NSAT(^{Adj}{t-1}) / E({t-1})
WUC asset of previous financial year (WUC(_{t-1})) ROI = OSBIT(^{Adj}{t-1}) / I({t-1})
Average total assets (A(_{t})) ROA = NSAT(^{Adj}{t-1}) / A({t-1})
Intangible assets at end of previous financial year (IA(_{t-1}))
Subvention payment intangible asset
Subvention payment tax adjustment and tax of previous financial year
System fixed assets at end of previous financial year book value (SF(A_{BV(t-1)}))
System fixed assets at end of current financial year at book value (SF(A_{BV(t)}))
System fixed assets at year beginning of ODV value (SF(A_{ODV(t-1)}))
System value of system fixed assets at ODV value (SF(A_{ODV(t)})) ATFE(^{ODV}_{t-1/2}) = c = ½ * (c + v)

Denominator Performance Measure:

  • t = maximum statutory income tax rate applying to corporate entities
  • bv = book value
  • ODV = optimised deprival valuation
Formula Explanation
ROI = OSBIT(^{Adj}{t-1}) / TA({t-1}) Return on investment: subject to t and end of the previous financial year
ROE = NSAT(^{Adj}{t-1}) / E({t-1}) Return on equity: subject to t and end of the previous financial year
ROI = OSBIT(^{Adj}{t-1}) / I({t-1}) Return on investment: average of two current financial years


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 80


Gazette.govt.nz — PDF NZ Gazette 2001, No 80




✨ LLM interpretation of page content

🏭 Financial Statements for Network Waikato Limited (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Statements, Information Disclosure, Network Waikato, Regulations