✨ Financial Performance Measures
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
SCHEDULE 1 — PART 7
| DERIVATION TABLE | SYMBOL | FORMULA | ROI | ROE | ROF |
|---|---|---|---|---|---|
| INPUT AND CALCULATIONS | |||||
| Operating surplus before interest and income tax from financial statements | 5,118,781 | ||||
| less surplus from regulation 18 (OSBIT) | 5,118,781 | ||||
| Operating surplus before interest and income tax pursuant to regulation 18 (OSBIT) | a | 316,664 | 316,664 | 316,664 | |
| Interest on cash, bank balances, and short-term investments (ISIT) | b | 4,802,117 | 4,802,117 | 4,802,117 | |
| OSBIT minus ISIT | c | a - b | 3,583,511 | ||
| Net surplus after tax adjusted pursuant to Regulation 16 (NSAT) | 0 add | ||||
| Amortisation of goodwill and amortisation of other intangibles | d | 0 add | |||
| Subvention payment | e | 0 add | |||
| Depreciation of SFA at BV (5) | f | 1,228,369 | 1,228,369 add | ||
| Subvention payment tax adjustment | g | 2,592,651 | |||
| ODV depreciation adjustment | h | -1,364,282 | -1,364,282 add | ||
| Subvention payment tax adjustment | i | -104,499 deduct | |||
| Interest tax shield | j | 0 | 0 | 104,499 add | |
| Revaluations | k | 1,518,946 | |||
| Income tax | l | 2,219,229 | |||
| Numerator | OSBIT^(2): 2,023,428 + a + g + i + d + p - h - k | ||||
| NSAT^(3): 3,437,835 |
| Fixed assets at end of current financial year (FA_t) | m | 13,314,824 | |
| Adjusted net working capital at end of previous financial year (ANWC_t-1) | n | 95,775 | |
| Adjusted net working capital at end of current financial year (ANWC_t) | o | -497,242 | |
| Average total funds employed (ATFE) | p | 13,619,936 | |
| (or regulation 3.3 time-weighted average) | | | |
| Total equity at end of previous financial year (TE_t-1) | q | 17,760,436 | |
| Total equity at end of current financial year (TE_t) | r | 20,338,601 | |
| Average total equity | s | 19,049,518 | |
| (or regulation 3.3 time-weighted average) | | | |
| WUC at end of previous financial year (WUC_t-1) | t | 1,010,460 | |
| WUC at end of current financial year (WUC_t) | u | 831,412 | |
| Average total works under construction | v | 765,936 | (or regulation 3.3 time-weighted average) |
| Revaluations | w | 765,936 | |
| Half of revaluations | x | 0 | |
| ROI | | (OSBIT^(1))/(ATFE) * 100 | 4,802,117 add | | |
| | | 3,583,511 add | | |
| | | 0 add | | 0 deduct |
| | | 0 add | | -1,364,282 add |
| | | | 0 deduct | |
| | | | 0 deduct | |
| | | | -104,499 | 1,518,986 |
| | | | | 2,023,428 OSBIT^(1) |
| ROE | | (NSAT^(3))/(TE_avg) * 100 | | | |
| | | | 4,802,117 | |
| | | | 0 add | |
| | | | 0 deduct | |
| | | | | |
| | | | 2,219,229 | |
| ROF | | OSBIT^(3)/(ATFE) * 100 | | 13,619,936 | |
| | | | | 765,936 deduct | |
| | | | | 0 deduct |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 101
Gazette.govt.nz —
NZ Gazette 2002, No 101
✨ LLM interpretation of page content
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Otago Power Limited Financial and Efficiency Performance Measures
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💰 Finance & RevenueElectricity, Financial Measures, Efficiency Performance, Otago Power Limited, 2002, 2001, 2000, 1999