✨ Financial Performance Measures
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Symbol in formula | Input and Calculations |
|---|---|---|
| a | 55,502,141 | |
| g | 55,502,141 | |
| Operating surplus before interest and income tax from financial statements | a1 | 182,951 |
| Overwriting statutes before interest and income tax adjusted pursuant to regulation 18 (OSBIT) | g1 | 55,319,592 |
| Interest on cash, bank balances, and short-term investments (OSBIT minus IST) | q | 29,153,291 |
| Net surplus after tax from financial statements | q1 | 29,153,291 |
| Amortisation of goodwill and amortisation of other intangibles | b | add |
| Subvention payment | c | add |
| Depreciation of SFA at BV (%) | d | add |
| QDV depreciation adjustment | e | 15,333,163 |
| Subvention payment tax adjustment | f | 0 |
| Interest tax shield | r | 3,896,261 |
| r1 | 14,359,093 | |
| Income tax | p | add |
| deduct | ||
| Numerator: | ||
| EBIT | 55,319,590 | |
| OSBIT^4(2) = a + g | ||
| NSAT^4(2) = q + r | 29,153,291 + 14,359,093 = 43,512,384 | |
| add | ||
| Fixed assets at end of previous financial year (FA) | 412,263,258 | |
| Adjusted net working capital at end of previous financial year (ANWC) | 380,603,758 | |
| Adjusted net working capital at end of current financial year (ANWC1) | 1,057,153 | |
| Average total funds employed (TFE) | 404,545,074 (or Regulation 33 time-weighted averages) | |
| Denominator: | ||
| Total equity at end of previous financial year (TE) | 253,758,422 | |
| Total equity at end of current financial year (TE1) | 256,630,034 | |
| Average total equity | 255,194,618 | (or Regulation 33 time-weighted average) |
| k | 6,791,821 |
ROI
| | 55,319,592 |
| | add |
| | 22,153,291 |
| | add |
| | add |
| | deduct |
| | 3,896,261 |
| | deduct |
| | 16,359,208 |
| OSBIT^4(2) | 37,064,124 |
| | a ÷ g = ROI |
RGE
| | 29,153,291 |
| | add |
| | add |
| | add |
| | add |
| | deduct |
| NSAT^4(2) | 29,153,291 |
| | q ÷ s = RGE |
ROE
| | 55,319,592 |
| | add |
| | add |
| | add |
| OSBIT^4(2) | 55,319,580 |
| | a ÷ g = ROE |
| | 404,545,074 |
| | 255,194,618 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 129
Gazette.govt.nz —
NZ Gazette 2002, No 129
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