✨ Financial Performance Measures
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Input and Calculations | Symbol in formula | Derivation Table | Financial Performance Measure: |
|---|---|---|---|
| Revaluations | ROE | ||
| a | Half of revaluations at end of previous financial year (Aₑ) | ||
| b | Intangible assets at end of previous financial year (Iₐₑ) | ||
| c | Average total intangible asset (cor) regulation 33 time-weighted average) | ||
| (or regulation 33 time-weighted average) | |||
| d | Subvention payment at end of previous financial year (Sₑ) | ||
| e | Subvention payment tax adjustment at end of previous financial year | ||
| f | Subvention payment and related tax adjustment | ||
| g | Average fixed assets at end of current financial year at book value (SFₑₒₒd) | ||
| h | Value (SFₑₒₒd) | ||
| i | System fixed assets at year beginning of ODV value | ||
| j | System Fixed assets at end of current financial year at ODV value (SFₐₑₑₙₒd) | ||
| k | Value (SPₐₑₑₙₒd) | ||
| l | Average value of system fixed assets at ODV value | ||
| m | (regulation 33 time-weighted average) | ||
| Denominator | ROE | ||
| n | Avg TCE¹ | ||
| o | = a + b - c - d + e - f + g - h | ROI | |
| p | add | ||
| q | add | ||
| r | deduct | ||
| s | = e.g. 64.77% | ||
| t | deduct | ||
| u | = e.g. 64.77% | ||
| ROF | |||
| v | add | ||
| w | deduct | ||
| x | = e.g. 65.49% | ||
| y | ATCE²/Avg TCE³ = c, d, e - m + l + h |
Notes
-
ROI = OSBINT⁴/Avg TCE⁵ x 100
ROI = return on investment.
-
ROE = NSAT⁶/Avg TTE⁷ x 100
ROE = return on equity.
-
ROF = OSBINT⁴/Avg RFA⁸ x 100
ROF = return on funds.
Definitions:
a) half of the revaluations (income tax rate applying to comparable entities subject to income tax); and
b) book value.
ROI = return on investment.
ROE = return on equity.
ROF = return on funds.
- Avg TCE = Average Total Capital Employed.
- ATCE = Adjusted Total Capital Employed.
- Avg TTE = Average Total Tangible Equity.
- OSBINT = Operating Surplus Before Interest.
- Avg RFA = Average Regulatory Financial Asset.
- NSAT = Net Surplus After Tax.
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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
💰
Financial Statements for Horizon Energy Distribution Limited
(continued from previous page)
💰 Finance & RevenueFinancial Performance Measures, Revaluations, Intangible Assets, Subvention Payment, Fixed Assets, Return on Investment, Return on Equity, Return on Funds