β¨ Financial Performance Measures
WAIPA NETWORKS LIMITED - LINES BUSINESS
SCHEDULE E 1, PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Symbol in formula | Input and Calculations (of regulation 33 time-weighted averages) | ROI | ROE | ROF |
|---|---|---|---|---|
| r | Half of revaluations | |||
| d | Intangible assets at end of previous financial year (IAn-1) | deduct | ||
| e | Average total intangible asset (or regulation 33 time-weighted average) | add | ||
| f | Subvention payment at end of previous financial year (Sn-1) | deduct | ||
| g | Subvention payment at end of current financial year (Sn) | add | ||
| h | Subvention payment tax adjustment at end of current financial year | add | ||
| i | Financial year average subvention payment & related tax adjustment | 44,944.031 | ||
| j | System fixed assets at end of previous financial year at book value (SFPAn-1) | 43,784.114 | 44,753.802 | 45,472.246 |
| k | System fixed assets at end of current financial year at book value (SFPAn) | 45,713.490 | 45,208.139 | |
| l | Average value of system fixed assets all book value (or regulation 33 lines-weighted average) | 44,753.802 | ||
| m | System fixed assets at year beginning at ODV value (SFPAODVn) | 46,546.252 | ||
| n | System fixed assets at end of current financial year at ODV value (SFPAODV) | 45,208.139 | ||
| o | Average value of system fixed assets at ODV value (or regulation 33 lines-weighted averages) | 46,184.252 |
| | Denominator: | ATFEODV = a + c + e - f + h - j | ATFEB = a + e + k - j | |
| | Financial Performance Measure: | ROI = OSBITROI / ATFEODV x 100 | ROE = NSAT / ATFEB x 100 | ROF = OSBITROF / ATFEODV x 100 |
Notes:
- Maximum statutory income tax rate applying to corporate entities such as electricity lines businesses: 33%
- Tax adjustments to reflect deferred taxation (ROF = return on equity)
- ROI = adjusted deferred taxation
- Average used in calculations
- ROI: Return on investment
- 0.202
- ROE: Return on equity
- 1.05
- ROF: Return on funds employed
- a = average total fixed assets (regulation 33 time-weighted averages)
- b = break-up value
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 88
Gazette.govt.nz —
NZ Gazette 2002, No 88
β¨ LLM interpretation of page content
π
Financial Statements of Waipa Networks Limited
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Performance Measures, Electricity, Efficiency, Waipa Networks Limited