New Zealand Gazette – 2001 – No. 98

Page 2568

✨ Financial Performance Measures



2568

NEW ZEALAND GAZETTE

No. 98

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 5,757,216 5,757,216
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) 5,757,216
Interest on cash, bank balances, and short-term investments (IST) 0
OSBIT minus IST 5,757,216 a 5,757,216 5,757,216
Net surplus after tax from financial statements 3,616,290
Net surplus after tax adjusted pursuant to regulation 18 (NSAT) 3,616,290 n 3,616,290
Amortisation of goodwill and amortisation of other intangibles 0 s add add add
Subvention payment 0
Depreciation of SPA at BV (y) 2,945,542
Depreciation of SFA at BV (y) 2,543,004 d add -296,455 add
Depreciation adjustment -296,455
Subvention payment tax adjustment 0 q
Interest tax shield 243,704
Revaluations -2,886,000 r
Income tax 1,402,430 p deduct 6,460,761 3,319,835

Numerator:

| Fixed assets at end of previous financial year (FA₀) | 73,898,196 |
| Fixed assets at end of current financial year (FA₁) | 74,027,075 |
| Adjusted net working capital at end of previous financial year (ANWC₀) | 4,810,893 |
| Adjusted net working capital at end of current financial year (ANWC₁) | -1,004,000 |
| Average total funds employed (ATFE) | 71,119,890 | c |
| Total equity at end of previous financial year (TE₀) | 74,860,966 |
| Total equity at end of current financial year (TE₁) | 73,436,367 |
| Average total equity | 74,143,667 | k |
| WUC at end of previous financial year (WUC₀) | 841,746 |
| WUC at end of current financial year (WUC₁) | 259,801 |
| Average total works under construction | 547,774 | e | deduct | 647,774 | 547,774 |
| Revaluations | -2,886,000 | r |
| Half of revaluations | -1,443,000 | r2 |
| 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 |
| 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 |
| System fixed assets at end of previous financial year at book value (SFAbv₀) | 72,731,474 |
| System fixed assets at end of current financial year at book value (SFAbv₁) | 73,492,694 |
| Average value of system fixed assets at book value | 73,112,084 | f | deduct | 73,112,084 |
| System fixed assets at year beginning at ODV value (SFAodv₀) | 72,731,474 |
| System fixed assets at end of current financial year at ODV value (SFAodv₁) | 71,847,023 |
| Average value of system fixed assets at ODV value | 72,289,251 | h | add | 72,289,251 |

Denominator:

Formula Components ATFE¹⁾ = c + e + f + h Ave.TE²⁾ = k + e - m + v - l + h ATFE³⁾ = c + e - y + f + h
Calculation Result 69,749,284 72,773,000 71,192,284

Financial Performance Measure:

Measure ROF = OSBIT⁽¹⁾/(ATFE⁽¹⁾) x 100 ROE = NSAT⁽²⁾/(Ave.TE²⁾) x 100 ROI = OSBIT⁽³⁾/(ATFE⁽³⁾) x 100
Result 7.8 4.6 1.3

1 = minimum statutory income tax rate applying to corporate entities
bv = book value
ave = average
odv = optimised deprival valuation
subscript '0' = end of the previous financial year
subscript '1' = end of the current financial year



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2001, No 98


Gazette.govt.nz — PDF NZ Gazette 2001, No 98




✨ LLM interpretation of page content

💰 Schedule 1 - Part 7: Form for the Derivation of Financial Performance Measures from Financial Statements

💰 Finance & Revenue
Financial Performance Measures, Operating Surplus, Net Surplus, Depreciation, Revaluations, Financial Statements