✨ Financial Performance Measures
13 AUGUST
NEW ZEALAND GAZETTE
2247
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Symbol | Formula | Input and Calculations | ROE | ROA | ROF |
|---|---|---|---|---|---|---|
| Operating surplus before interest and income tax adjusted for financial statements | 10,701 | 10,701 | ||||
| Operating surplus before interest and income tax from financial statements pursuant to regulation 18 (OSBIT) | ||||||
| Net surplus after tax from financial statements | 4,887 | |||||
| Interest on cash, bank balances, and short-term investments | a | |||||
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | ||||||
| Amortisation of goodwill and amortisation of other intangibles | c | 4,887 | ||||
| Subtotal payments | ||||||
| Depreciation of SFA at BV (x) | e | 2,132 | ||||
| Depreciation of SFA at ODV (x) | ||||||
| ODV depreciation adjustment | ||||||
| Subvention payment tax adjustment | ||||||
| Interest tax shield | 941 | |||||
| Revaluations | ||||||
| Income tax | 2,064 | |||||
| Numerator | 10,701 | |||||
| Fixed assets at end of previous financial year (FAₚ) | f | 62,249 | ||||
| Fixed assets at end of current financial year (FAₒ) | 63,306 | |||||
| Adjusted net working capital at end of previous financial year (ANWCₚ) | h | 1,250 | ||||
| Adjusted net working capital at end of current financial year (ANWCₒ) | 481 | |||||
| Average total assets employed (ATEE) | j = (f + g) / 2 | 69,448 | ||||
| Total equity at end of previous financial year (TEₚ) | k | 27,683 | ||||
| Total equity at end of current financial year (TEₒ) | 27,683 | |||||
| Average total equity (ATE) | l = (k + m) / 2 | |||||
| WUC at end of previous financial year (WUCₚ) | n | |||||
| WUC at end of current financial year (WUCₒ) | ||||||
| Average total works under construction | o = (n + p) / 2 |
Symbols and Calculations
| ROE | ROA | ROF | |
|---|---|---|---|
| Inputs | |||
| a | 0 | ||
| c | add | ||
| e | 0 | 0 | 0 |
| f | |||
| g | |||
| h | add | ||
| i | add | add | add |
| j | |||
| k | |||
| m | |||
| n | |||
| o | |||
| Formula | |||
| ROE | 10,701 | ||
| (NSAT + a + c) / ATE = g / l | |||
| 4,887 | |||
| OSBITⁿ = a + g + h - i | 7,587 | ||
| ROA | (OSBITⁿ) / ATEE = | ||
| j + h - g | |||
| = 0.107ⁿ | |||
| OSBITⁿ / (FA + ANWC) | |||
| ROF | 56,448 | ||
| deduct | |||
| 27,683 | |||
| deduct |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 87
Gazette.govt.nz —
NZ Gazette 2001, No 87
✨ LLM interpretation of page content
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Financial Statements for Horizon Energy Distribution Limited
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🏗️ Infrastructure & Public WorksElectricity, Financial Statements, Revenue, Expenditure, Horizon Energy Distribution Limited