New Zealand Gazette – 2002 – No. 121

Page 3241

✨ Electricity Financial Performance Measures



Form for the Derivation of Financial Performance Measures from Financial Statements

Schedule 1 – Part 7

DERIVATION TABLE SYMBOL IN FORMULA ROI ROE ROF
Input and Calculations a 2,606,168 2,606,168 2,560,902
Operating surplus before interest and income tax from financial statements
OSBITT minus ISTI b 45,266
Interest on cash, bank balances, and short-term investments
regulation 18 c 1,121,177 1,121,177
OSBITT after tax adjusted pursuant to Regulation 18 (NSAT)
Net surplus after tax from financial statements d 1,121,177
Amortisation of goodwill and amortisation of other intangibles e 83,872 add add
Subvention payment f 0 0 add
Depreciation of SFA at ODV (x) g 81,872 add
Depreciation adjustment h 7,246,670 7,246,670 add
ODV depreciation adjustment i 0 add
Subvention payment tax adjustment j 27,678 27,678
Revaluations k (14,938) (14,938) deduct
Income tax l (23,109,464) (23,109,464) deduct
Numerator m 1,032,605 1,032,605 (21,510,035) OSBIT^(AM) = a + g + s + d

| | e | | Fixed assets at end of previous financial year (FAₚ) | 185,048,123 |
| | f | | Adjusted net working capital at end of previous financial year (ANWCₚ) | 163,992,054 |
| | g | | Adjusted net working capital employed (ANWCₑ) | (3,084,877) |
| | h | | Average total funds employed (ATFE) | 172,111,585 |
| | i | | (or regulation 3.1 time-weighted average) | (regulation 3.3 time-weighted average) |

| | j | Total equity at end of previous financial year (TEₚ) | 165,422,736 |
| | k | Total equity at end of current financial year (TEₐ) | 155,510,265 |
| | l | (or regulation 3.3 time-weighted average) | (regulation 3.3 time-weighted average) |

| | m | WUC at end of previous financial year (WUCₚ) | 160,466,580 |
| | n | WUC at end of current financial year (WUCₐ) | 5,785,989 |
| | | Average total works under construction | 4,058,995 |

| | o | Revaluations | 4,922,492 | deduct |
| | p | | | 4,922,492 |

| | q | Half of revaluations | (11,554,732) | deduct |
| | r | | (11,554,732) | deduct |

Formulas:

ROI:
(2,560,902 + 81,872) / (172,111,585) = 0.0154 → 1.5%

ROE:
1,177,371 / (160,466,580 + 155,510,265) ÷ 2 = 0.00736 → 0.74%

ROF:
(2,644,774 - 21,510,035) / 172,111,585 = -0.1095 → -10.95%



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 121


Gazette.govt.nz — PDF NZ Gazette 2002, No 121




✨ LLM interpretation of page content

🏭 Electricity Information Disclosure for The Power Company Limited (continued from previous page)

🏭 Trade, Customs & Industry
7 August 2002
Electricity, Information Disclosure, Regulations, Financial Statements, Assets, Liabilities, Equity, Operating Revenue, Operating Expenditure, Return on Funds, Return on Equity, Return on Investment, Efficiency Performance, Direct Line Costs, Indirect Line Costs, Industry Levies