← Page 3299

New Zealand Gazette – 2002 – No. 123

Page 3300

Page 3301 →

✨ Financial Performance Measures

3300

NEW ZEALAND GAZETTE

No. 123

SCHEDULE 1 - PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table	Input and Calculations	Symbol in formula	ROE	ROI
Operating surplus before interest and income tax from financial statements	815,350	a	286,350	286,350
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT)	815,350		1,209,151	1,209,151
Interest on cash, bank balances, and short-term investments	286,350	n	0	0
Net surplus after tax adjusted pursuant to regulation 18 (NSAT)	1,209,151		add	add
Amortisation of goodwill and amortisation of other intangibles			0	0
Subvention payment	4,640,000	g	add	add
Depreciation of SFA at BV (x)	4,640,000	s	0	0
Depreciation of SFA at ODV (y)		d	add	add
ODV depreciation adjustment	-154,770	q	0	0
Subvention payment tax adjustment		r	deduct	deduct
Revaluations
Interest tax shield	-493,801	p	add	add
Income tax			deduct	deduct
Numerator			OSBIT^adj = a + g + s + d	NSAT^adj = n + g + s - q - r + p - t
Fixed assets at end of previous financial year (FA₀)	129,391,000		131,484,000	834,821
Fixed assets at end of current financial year (FA₁)	131,271,000		131,997,575	154,770
Adjusted net working capital at end of previous financial year (ANWC₀)			(or regulation 33 time-weighted average)	(or regulation 33 time-weighted average)
Adjusted net working capital at end of current financial year (ANWC₁)	-2,095,000	c	192,511,151	128,025,000
Average total funds employed (ATFE)	128,025,000
Total equity at end of previous financial year (TE₀)			1,615,000	2,227,000
Total equity at end of current financial year (TE₁)	2,638,000	e
Average total equity	2,227,000		2,227,000	2,227,000
WUC at end of previous financial year (WUC₀)
WUC at end of current financial year (WUC₁)
Average total works under construction