✨ Financial Performance Measures
DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
Schedule 1 — Part 7 Form for the derivation of financial performance measures (Formula)
Derivation Table
| Input and Symbol in Calc (3000D) | ROI | ROE |
|---|---|---|
| Operating surplus before interest and income tax adjustment pursuant to reg. 18 (OSBIIT) | 192,004 | |
| Interest on cash, bank balances, and short-term investments (I) | 192,002 | |
| OSBIIT minus I (OSBIIT-I) | 191,083 | |
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | 95,188 | Add |
| Amortisation of goodwill and amortisation of other intangibles | 13,468 | Add |
| Subvention payment | 2,389 | Add |
| Depreciation of SFA at ODV (x) | 39,705 | |
| ODV depreciation adjustment | 39,705 | |
| Subvention payment tax adjustment | 6,856 | Deduct |
| Interest tax shield | 18,461 | Deduct |
| Revaluations | 38,461 | |
| Income tax | 4,416 | Add |
| Numerator | ||
| Fixed assets at end of previous financial year (FA₀) | 1,091,542 | |
| Adjusted net working capital at end of previous financial year (ANWC₀) | 1,088,474 | |
| Adjusted total funds employed at end of previous financial year (ATFE₀) = ANWC₀ + FA₀ | (1,514) | |
| Average total funds employed (ATFE) = Reg. 33 time-weighted average | 1,082,524 | |
| Total equity at end of previous financial year (TE₁) | 632,533 | |
| Average total equity = Reg. 33 time-weighted average (TE) | 612,043 | |
| WUC at end of previous financial year (WUC₁) | 26,739 | |
| Average WUC at Reg. 33 time-weighted average | 27,499 | |
| Revaluations | ||
| Fair or revaluations | ||
| Intangible assets at end of previous financial year (IA₀) | 507,902 | |
| Average intangible asset = Reg. 33 time-weighted average | 493,935 | |
| Subvention payment at end of previous financial year (S₀) | 500,668 | Deduct |
| Subvention payment at end of current financial year (S₁) | 4,788 | |
| Subvention payment tax adjustment at end of current financial year | 2,399 | |
| Subvention payment adjustment = Reg. 33 time-weighted average | 10,353 | Add |
| Average subvention payment & related tax adjustment | (5,952) | |
| System fixed assets at end of previous financial year at book value (SFA₀) | 1,037,001 | |
| System fixed assets at end of current financial year at book value (SFA₁) | 1,037,728 | |
| Average value of system fixed assets at book value (SFAₓ) | 1,037,281 | |
| System fixed assets at year beginning at ODV value (SFAₒᵥₑ) | 1,040,559 | |
| System fixed assets at end of current financial year at ODV value (SFA₁ₒᵥₑ) | 1,038,930 | |
| Average value of system fixed assets at ODV value (SFAₓₒᵥₑ) | 1,039,745 |
| Denominator | | |
| ATFE₀ | 1,056,237 | Add |
| ATFE₁ | 1,056,227 | |
| A = (c * e) + f - g | 80,021 | |
| k = j - i | -7,021 | |
| ROI = h ÷ j × 100% | 12.99% | |
| NSAT₁ | 124,666 | |
| ROE = NSAT ÷ ATE × 100% | 19.59% |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 122
Gazette.govt.nz —
NZ Gazette 2002, No 122
✨ LLM interpretation of page content
💰
Notes to Financial Statements for the year ended 31 March 2002
(continued from previous page)
💰 Finance & RevenueFinancial Performance, Return on Investment, Return on Equity, Return on Funds, Direct Line Costs, Indirect Line Costs, Accounting Return