New Zealand Gazette – 2002 – No. 97

Page 2687

✨ Financial Performance Measures

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Schedule 1 - Part 7

Derivation Table

Input And Calculations	Roi	ROE	ROF
Operating surplus before interest and income tax adjusted pursuant to regulations 18.6(3B)(a)(i).	2,613,000		2,613,000
Less interest and other financing costs pursuant to regulations 18.6(3B)(a)(ii).	1,658,000		1,658,000
Operating surplus.	955,000		955,000
Non-cash items after tax from financial statements.		2,397,000
Not surplus after tax adjusted pursuant to regulation 18.6(NSAT).		2,397,000
Amortisation of goodwill and amortisation of other intangibles.		0
Subtotal payment.			954
Depreciation of SFA at ODV (a).		161,694
OGV depreciation adjustment nil.		0
Software depreciation adjustment.		161,694
Revaluations.		0
Revenue ex. non-cash adjustments.		189,354
Income tax.		34
Net surplus after tax (NSAT) adjusted.		2,413,764
Fixed assets at end of previous financial year (FAO).	26,539,207	76,954,093
Adjusted net working capital of previous financial year (ANWC0).	4,783,232	7,684,549
Average total assets employed (ATE).		73,534,238
Total equity at end of previous financial year (TE0).		67,158,100
Average total equity.		64,644,500
WUC and deferred financial assets (WUC1).	13,286,500		13,286,500
Average working capital current construction.	3,088,697		3,088,697
Averaged assets at ODV (operating debt).	1,312,900		1,312,900
Revaluations.		Deleted
Half of provisioned and deferred revenue.
Intangible assets at end of previous financial year (IA0).
Averaged intangible asset.
Subtotal payment at end of current financial year (R1).
Subtotal payment less adjustment amount of previous financial year.
Net assets excluding provision and deferred amount of previous financial year.
Asset revaluation movement and deferred financial asset.
System fixed assets at end of current financial year at ODV (book value SFA1).	73,028,000		73,028,000
System fixed assets at ODV value of current financial year at ODV (SFA0).	72,479,000		72,479,000
Average value of system fixed assets at ODV value (SFAavg).	72,753,500		72,753,500
ROE/ROF Adjustment Reference

| Roi | | 3.59% |
| ROE | | 2.57% |
| ROF | Roi | 3.61% |
| | ROE adj | 3.8% |
| | ROF | 7.19% Return on fixed assets |

Financial Performance Measures

Roi = maximum statutory income tax are applying to corporate entities, but = book value.
ROE = net profit before unusual items, subsequent to end of previous financial year, subject to normal statutory income tax.
ROF = OGV at ODV for system fixed assets at ODV value (SFA1), subject to maximum statutory income tax rate (%).

Next Page →