✨ Financial Performance Measures
3016
NEW ZEALAND GAZETTE
No. 113
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 |
|---|---|---|---|---|---|
| Half of revaluations | -3 | r/2 | deduct -3 | ||
| 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 (or regulation 33 time-weighted average) |
m | add 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 | v | add 0 | ||
| System fixed assets at end of previous financial year at book value (SFAbv0) | 64,420 | ||||
| System fixed assets at end of current financial year at book value (SFAbv1) | 63,964 | ||||
| Average value of system fixed assets at book value | 64,207 (or regulation 33 time-weighted average) |
f | deduct 64,207 | deduct 64,207 | deduct 64,207 |
| System Fixed assets at year beginning at ODV value (SFAODV0) | 64,420 | ||||
| System Fixed assets at end of current financial year at ODV value (SFAODV1) | 63,964 | ||||
| Average value of system fixed assets at ODV value | 64,207 (or regulation 33 time-weighted average) |
h | add 64,207 | add 64,207 | add 64,207 |
| Denominator | 70,634 ATFEADJ = c - e - f + h |
30,348 Ave TEADJ = k - e - m + v - f + h |
70,637 ATFEADJ = c - e - ½r - f + h |
||
| Financial Performance Measure: | 18.5 ROF = OSBITADJ/ATFEADJ x 100 |
22.3 ROE = NSATADJ/AVEADJ x 100 |
11.9 ROI = OSBITADJ/ATFEADJ x 100 |
t = maximum 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
ROF = return on funds
ROE = return on equity
ROI = return on investment
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 113
Gazette.govt.nz —
NZ Gazette 2002, No 113
✨ LLM interpretation of page content
🏗️
Financial Statements of Horizon Energy Distribution Limited
(continued from previous page)
🏗️ Infrastructure & Public Works5 August 2002
Electricity, Financial Performance, Revenue, Expenditure, Taxation, Horizon Energy, Distribution, Audit, Accounting