New Zealand Gazette – 2002 – No. 127

Page 3414

✨ Financial Performance Measures



MARLBOROUGH LINES LIMITED - LINES BUSINESS

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table Input and Calculation Symbol ROF RDE ROI
$millions
Operating surplus before interest and income tax from financial statements -481
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) -481
Interest on cash, bank balances, and short-term investments (ISTI) 310
OSBIT minus ISTI -791 e -791 -791
Net surplus after tax from financial statements -344
Net surplus after tax adjusted pursuant to regulation 18 (NSATI) -344 n 344
Amortisation of goodwill and amortisation of other intangibles 0 g add add add
Subvention payment 0 s add add add
Depreciation of SFA at BV (x) 1,178
Depreciation of SFA at ODV (y) 2,569
ODV depreciation adjustment -1,391 d add add add
Subvention payment tax adjustment 0 t*
Interest tax shield -94 -94
Revaluations -1,322 add add -1,322
Income tax -161 p (deduct) (deduct) -161
Numerator OSBIT^ADJ = e + g + s + d -2,182 NSAT^ADJ = n + g + s + t* 1,735

| | | | | |
| Fixed assets at end of previous financial year (IFA_0) | 14,886 | | | |
| Fixed assets at end of current financial year (IFA_1) | 16,490 | | | |
| Adjusted net working capital at end of previous financial year (ANWC_0) | 2,901 | | | |
| Adjusted net working capital at end of current financial year (ANWC_1) | 1,843 | | | |
| Average total funds employed (ATFE) | 17,965 | c | 17,965 | |
| Total equity at end of previous financial year (TE_0) | 23,364 | | | |
| Total equity at end of current financial year (TE_1) | 22,946 | | | |
| Average total equity | 23,155 | | | 23,155 |

| WUC at end of previous financial year (WUC_0) | 158 | |
| WUC at end of current financial year (WUC_1) | 372 | |
| Average total works under construction | 265 | e | deduct | 265 | deduct |

| Revaluations | | r | |
| Half of revaluations | -661 | r/2 | | | -661 deduct |
| Intangible assets at end of previous financial year (IA_0) | 0 | |
| Intangible assets at end of current financial year (IA_1) | 0 | |
| Average total intangible asset | 0 | m | add | |

| Subvention payment at end of previous financial year (S_0) | 0 | |
| Subvention payment at end of current financial year (S_1) | 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 | s | add | |

| System fixed assets at end of previous financial year at book value (SFA_bv0) | 13,135 | |
| System fixed assets at end of current financial year at book value (SFA_bv1) | 14,413 | |
| Average value of system fixed assets at book value | 13,774 | f | deduct | 13,774 | deduct |

| System fixed assets at year beginning at ODV value (SFA_odv0) | 69,786 | |
| System fixed assets at end of current financial year at ODV value (SFA_odv1) | 70,828 | |
| Average value of system fixed assets at ODV value | 70,307 | h | add | 70,307 | add |

| Denominator | | ATFE^ADJ = c + f + g + d | 74,232 | AveTE^ADJ = x - a + m + 4h | 79,422 | ATFE^ADJ = c - a + 4h | 74,893 |

| Financial Performance Measure: | ROF = (OSBIT^ADJ) / (ATFE^ADJ) | 1.00 | RDE = (NSAT^ADJ) / (ATE^ADJ) | 1.00 | ROI = (OSBIT^ADJ) / (ATFE^ADJ) | 1.00 |

  • 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


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 127


Gazette.govt.nz — PDF NZ Gazette 2002, No 127




✨ LLM interpretation of page content

🏭 Marlborough Lines Limited Financial Statements (continued from previous page)

🏭 Trade, Customs & Industry
Electricity, Financial Performance, Fixed Assets, Provisions, Capital Commitments, Contingencies, Financial Instruments, Marlborough Lines Limited