New Zealand Gazette – 2002 – No. 107

Page 2899

✨ Financial Performance Measures

19 AUGUST

NEW ZEALAND GAZETTE

2899

Alpine Energy Limited (Lines)
Form for the Derivation of Financial Performance Measures from Financial Statements

Numerator	Symbol	ROF	ROE	ROI
Operating surplus before interest and income tax from financial statements	11,048,906	10,538,620	10,538,620	10,538,620
Operating surplus before interest and income tax adjusted pursuant to regulation 18	11,048,906
Interest on cash, bank balances, and short-term investments (ISTI)	510,286
OSBIT minus ISTI	10,538,620
Net surplus after tax from financial statements	7,800,780
Net surplus after tax adjusted pursuant to regulation 18 (NSAT)	7,800,780	7,800,780	7,800,780	7,800,780
Amortisation of goodwill and amortisation of other intangibles	0	add	add	add
Subvention payment	3,027,314	0	0	0
Depreciation of SFA at BV (d)	2,341,270	add	add	add
Depreciation of SFA at ODV (y)	0	0	0	0
ODV depreciation adjustment	86,044	add	add	add
Subvention payment tax adjustment	0	0	0	0
Interest tax shield	0	0	0	0
Revaluations	-173,000	deduct	deduct	deduct
Income tax	3,248,146	0	0	0
NSAT⁽¹⁾ = a + g + s - t + d	10,624,684	86,044	86,044	86,044
OSBIT⁽¹⁾ = a + g + s - t + d	10,624,684	7,886,904	7,886,904	7,886,904
Fixed assets at end of previous financial year (F_A₀)	66,859,411
Fixed assets at end of current financial year (F_A₁)	60,856,659
Adjusted net working capital at end of previous financial year (ANWC₀)	42,493	69,086,236	69,086,236	69,086,236
Adjusted net working capital at end of current financial year (ANWC₁)	-696,242
Adjusted net funds employed (NFE₀)	76,211,363
Average total funds employed (ATFE)	78,021,556	77,116,470	77,116,470	77,116,470
Total equity at end of previous financial year (TE₀)	1,531,502
Total equity at end of current financial year (TE₁)	2,303,711
Average total equity	1,917,607	1,917,607	1,917,607	1,917,607
WUC at end of previous financial year (WUC₀)	-173,000
WUC at end of current financial year (WUC₁)	0
Average total works under construction	-86,500
Revaluations	0
Half of revaluations	0
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
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
System fixed assets at end of previous financial year at book value (SFA₀^BV)	66,856,424
System fixed assets at end of current financial year at book value (SFA₁^BV)	67,828,831
Average value of system fixed assets at book value (SFA_AV^BV)	67,292,628
System fixed assets at end of previous financial year at ODV value (SFA₀^ODV)	68,556,424
System fixed assets at end of current financial year at ODV value (SFA₁^ODV)	65,895,901
Average value of system fixed assets at ODV value (SFA_AV^ODV)	66,476,193
Denominator
ATFE⁽¹⁾ = c - e + f + h	66,352,194	add	add	add
ATFE⁽¹⁾ = k - m + v - f + h	66,476,193	deduct	deduct	deduct
ROF = OSBIT⁽¹⁾/ATFE⁽¹⁾ x 100	16.01	10.60	10.60	10.60
ROE = NSAT⁽¹⁾/ATE⁽¹⁾ x 100	10.60	10.60	10.60	10.60
ROI = OSBIT⁽¹⁾/ATFE⁽¹⁾ x 100	10.60	10.60	10.60	10.60

Financial Performance Measures:

1 = maximum statutory income tax rate applying to corporate entities
subscript '0' = end of the previous financial year
subscript '1' = end of the current financial year
bv = book value
odv = optimised disposal valuation
ave = average
ROE = return on equity
ROF = return on funds
ROI = return on investment

Next Page →