New Zealand Gazette – 2002 – No. 116

Page 3124

✨ Financial Performance Measures

NEW ZEALAND GAZETTE

No. 116

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			6,949,792
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT)			6,949,792		6,949,792
Interest on cash, bank balances, and short-term investments (ISTI)			0
OSBIT minus ISTI		a	6,949,792		6,949,792
Net surplus after tax from financial statements			4,797,963
Net surplus after tax adjusted pursuant to regulation 18 (NSAT)			4,797,963	4,797,963
Amortisation of goodwill and amortisation of other intangibles		n		add	add
Subvention payment		g		add	add
Depreciation of SFA at BV (x)	2,495,401	s		add	add
Depreciation of SFA at ODV (y)	2,667,015	d	add	2,667,015
ODV depreciation adjustment	-171,614		-171,614		-171,614
Subvention payment tax adjustment	0		add
Interest tax shield	194,022		add	deduct	194,022
Revaluations	0	q
Income tax	1,563,885	p
Numerator		OSBIT(^1) = a + g + s + d	6,778,178	4,826,343	5,020,272
		NSAT(^2) = n + g + s - st + a + d

| Fixed assets at end of previous financial year (FA({bv})) | 74,027,076 | | | | |
| Fixed assets at end of current financial year (FA({cv})) | 78,867,327 | | | | |
| Adjusted net working capital at end of previous financial year (ANWC(_p)) | 0 | | | | |
| Adjusted net working capital at end of current financial year (ANWC(_c)) | -1,004,680 | | | | |
| Average total funds employed (ATFE) | 74,584,516 (for regulation 33 time-weighted average) | c | 74,584,516 | | 74,584,516 |

| Total equity at end of previous financial year (TE(_p)) | 73,435,387 | | | | |
| Total equity at end of current financial year (TE(_c)) | 73,804,349 | k | | | |
| Average total equity (ATE) | 73,660,348 (for regulation 33 time-weighted average) | | | 73,660,348 | |

| WUC at end of previous financial year (WUC(_p)) | 0 | | | | |
| WUC at end of current financial year (WUC(_c)) | 253,861 | | | | |
| Average total works under construction (ATWUC) | 362,572 (for regulation 33 time-weighted average) | e | deduct | 362,572 | deduct | 362,572 |

| Revaluations | 0 | f | deduct | deduct | |
| Half of revaluations | 0 | r2 | | | |
| Intangible assets at end of previous financial year (IA(_p)) | 0 | | | | |
| Intangible assets at end of current financial year (IA(_c)) | 0 | | | | |
| Average total intangible asset | 0 (for regulation 33 time-weighted average) | m | add | | add |

| Subvention payment at end of previous financial year (S(_p)) | 0 | | v | add | add | add |
| Subvention payment at end of current financial year (S(_c)) | 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 (for regulation 33 time-weighted average) | | add | |

| System fixed assets at end of previous financial year at book value (SFA({bpv})) | 73,462,694 | | | |
| System fixed assets at end of current financial year at book value (SFA({cv})) | 75,107,433 | | deduct | 74,300,064 | deduct | 74,300,064 |

| System Fixed assets at year beginning at ODV value (SFA({bodv})) | 71,847,028 |
| System Fixed assets at end of current financial year at ODV value (SFA({codv})) | 73,705,000 |
| Average value of system fixed assets at ODV value | 72,776,014 (for regulation 33 time-weighted average) | h | add | 72,776,014 | add | 72,776,014 |

| Denominator | | ATFE(^{20}) = c - e - f + h | 72,697,695 | | |
| | | ATE(^{20}) = k - m + v + f + h | | 71,773,728 | |
| | | ATFE(^{20}) = c - e + v + f + h | | | 72,697,695 |

Financial Performance Measure:

ROF = OSBIT(^{20})/ATFE(^{20}) x 100 = 9.3

ROE = NSAT(^{20})/ATE(^{20}) x 100 = 6.4

ROI = OSBIT(^{20})/ATFE(^{20}) x 100 = 6.0

1 maximum statutory income tax rate applying to corporate entities

bv = book value, ave = average

ROF = return on funds, ROE = return on equity, ROI = return on investment

VUW Te Waharoa — NZ Gazette 2002, No 116

Gazette.govt.nz — NZ Gazette 2002, No 116

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✨ LLM interpretation of page content

💰 Form for the Derivation of Financial Performance Measures from Financial Statements

Domain💰 Finance & Revenue
KeywordsFinancial Performance, Measures, Financial Statements, ROF, ROE, ROI

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