✨ 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:

  1. Maximum statutory income tax rate applying to corporate entities such as electricity lines businesses: 33%
  2. Tax adjustments to reflect deferred taxation (ROF = return on equity)
  3. ROI = adjusted deferred taxation
  4. 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 PDF NZ Gazette 2002, No 88


Gazette.govt.nz PDF NZ Gazette 2002, No 88





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🏭 Financial Statements of Waipa Networks Limited (continued from previous page)

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Financial Statements, Performance Measures, Electricity, Efficiency, Waipa Networks Limited