✨ Financial Performance Measures
NEW ZEALAND GAZETTE
No. 138
SCHEDULE - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
Input and Calculations
| Symbol formula | 13.08(1) | ROE | ROF | ROR |
|---|---|---|---|---|
| 13.08(4) | 13.08(5) | 13.08(6) |
Derivation Table
| Description | Inputs | ROE | ROF | ROR |
|---|---|---|---|---|
| Operating surplus before interest and income tax from financial statements | 13.08(1) | 13.291 | ||
| Operating surplus before interest and income tax as adjusted pursuant to regulation 16 (OSBIT) | 15.298 | |||
| Net surplus after tax from financial statements | 6.757 | |||
| Net surplus after tax as adjusted pursuant to regulation 16 (NSAT) | ||||
| Amortisation of goodwill and amortisation of other intangible assets | 6.757 | |||
| Subvention payments | 0 | |||
| Interest on cash, bank balances, and short-term investments (IST) | 10 (OSBIT) | |||
| Interest expenses (IE) | 2,156 | |||
| Depreciation of SFA at 6.6 (k) | 2,550 | 430 | ||
| Depreciation of infrastructure adjustment | 580 | |||
| GDV depreciation adjustment | 540 | 244 | ||
| Subsection investment tax adjustment | 0 | 386 | ||
| Interest tax shield | 0 | |||
| Residuals | output | |||
| Numerator | output |
| Total assets at end of previous financial year (TA(t-1)) | 85,300 | | |
| Fixed assets at end of current financial year (FA(t)) | 64,996 | | |
| Adjusted net working capital at end of previous financial year (ANWC(t-1)) | 81 | | |
| Adjusted net working capital at end of current financial year (ANWC(t)) | | | 1,921 |
| Annual fair value adjustment capitalised costs (AFVAC) | | | 85,048 |
| Average local funds employed (ATFE) | 65,048 | | |
| Total equity at end of previous financial year (TE(t-1)) | | |
| Average total equity | | | 27,967 |
| (TE(t)) | | | |
| Total equity at end of current financial year | | | 30,348 |
| WUC at end of previous financial year (WUC(t-1)) | | | |
| WUC at end of current financial year (WUC(t)) | | 30,348 | |
| Average total works under construction | | | |
| (AVG WUC) | | 0 | 0 |
Formulae
| Formula | Calculation |
|---|---|
| ROE | OSBIT(t) / n * g = 15.298 / 85,300 = 0.1793 (17.9%) |
| ROF | OSBIT(t) / a + g - q - i = 8 + g - q - i = 0.0897 (8.97%) |
| ROR | NSAT(t) / n * g = 6.757 / 85,300 = 0.0792 (7.92%) |
Notes
Net surplus after tax from financial statements.
Output values are calculated based on the formulae presented above.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 138
Gazette.govt.nz —
NZ Gazette 2002, No 138
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💰 Financial Performance Measures Derivation
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