✨ Financial Performance Measures
1992
NEW ZEALAND GAZETTE
No. 82
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 | 62,343 | ||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 16 (OSBIT) | 62,343 | ||||
| Interest on cash, bank balances, and short-term investments (ISTI) | 0 | ||||
| OSBIT minus ISTI | 62,343 | a | 62,343 | 62,343 | |
| Net surplus after tax from financial statements | 39,427 | ||||
| Net surplus after tax adjusted pursuant to regulation 16 (NSAT) | 39,427 | n | 39,427 | ||
| Amortisation of goodwill and amortisation of other intangibles | 0 | g | add 0 | add 0 | 0 |
| Subvention payment | 0 | s | add 0 | add 0 | 0 |
| Depreciation of SFA at EV (x) | 14,425 | ||||
| Depreciation of SFA at ODV (y) | 14,425 | ||||
| ODV depreciation adjustment | 0 | d | add 0 | add 0 | 0 |
| Subvention payment tax adjustment | 0 | s*t | deduct 0 | 0 | |
| Interest tax shield | 0 | q | deduct 0 | 0 | |
| Revaluations | 21,249 | r | add | 21,249 | |
| Income tax | 22,916 | p | deduct | 22,916 | |
| Numerator | 62,343 | 39,427 | 60,676 | ||
| OSBITADJ = a + g + s + d | NSATADJ = n + g + s - s*t + d | OSBITADJ = a + g + q + r + s + d - p - s*t | |||
| Fixed assets at end of previous financial year (FA0) | 429,919 | ||||
| Fixed assets at end of current financial year (FA1) | 442,026 | ||||
| Adjusted net working capital at end of previous financial year (ANWC0) | -4,619 | ||||
| Adjusted net working capital at end of current financial year (ANWC1) | -5,666 | ||||
| Average total funds employed (ATFE) | 430,820 | c | 430,820 | 430,820 | |
| (or regulation 33 time-weighted average) | |||||
| Total equity at end of previous financial year (TE0) | 426,042 | ||||
| Total equity at end of current financial year (TE1) | 403,344 | ||||
| Average total equity | 414,693 | k | 414,693 | ||
| (or regulation 33 time-weighted average) | |||||
| WUC at end of previous financial year (WUC0) | 9,759 | ||||
| WUC at end of current financial year (WUC1) | 14,014 | ||||
| Average total works under construction | 11,887 | e | deduct 11,887 | deduct 11,887 | deduct 11,887 |
| (or regulation 33 time-weighted average) | |||||
| Revaluations | 21,249 | r | |||
| Half of revaluations | 10,625 | r/2 | deduct | 10,625 | |
| Intangible assets at end of previous financial year (IA0) | 0 | ||||
| Intangible assets at end of current financial year (IA1) | 0 | ||||
| Average total intangible asset | 0 | m | add 0 | ||
| (or regulation 33 time-weighted average) | |||||
| Subvention payment at end of previous financial year (S0) | 0 | ||||
| Subvention payment at end of current financial year (S1) | 0 | ||||
| Subvention payment tax adjustment at end of previous financial year | 0 | ||||
| Subvention payment tax adjustment at end of current financial year | 0 | ||||
| Average subvention payment & related tax adjustment | 0 | v | add 0 | ||
| System fixed assets at end of previous financial year at book value (SFAbv0) - incl land | 405,978 | ||||
| System fixed assets at end of current financial year at book value (SFAbv1) - incl land | 414,861 | ||||
| Average value of system fixed assets at book value | 410,420 | f | deduct 410,420 | deduct 410,420 | deduct 410,420 |
| (or regulation 33 time-weighted average) | |||||
| System Fixed assets at year beginning at ODV value (SFAodv0) - incl land | 405,978 | ||||
| System Fixed assets at end of current financial year at ODV value (SFAodv1) - incl land | 435,510 | ||||
| Average value of system fixed assets at ODV value | 420,744 | h | add 420,744 | add 420,744 | add 420,744 |
| (or regulation 33 time-weighted average) | |||||
| Denominator | 429,258 | 413,131 | 418,634 | ||
| ATFEADJ = c - e - f + h | Ave TEADJ = k - e - m + v - f + h | ATFEADJ = c - e - r/2 - f + h | |||
| Financial Performance Measure: | 14.523 | 9.543 | 14.494 | ||
| ROF = OSBITADJ/ATFEADJ x 100 | ROE = NSATADJ/ATEADJ x 100 | ROI = OSBITADJ/ATFEADJ x 100 |
t = maximum statutory income tax rate applying to corporate entities
subscript '1' = end of the current financial year
bv = book value
ROF = return on funds
ave = average
ROE = return on equity
odv = optimised deprival valuation
ROI = return on investment
subscript '0' = end of the previous financial year
LexisNexis
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 82
Gazette.govt.nz —
NZ Gazette 2001, No 82
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