✨ Financial Performance Measures
2744
NEW ZEALAND GAZETTE
No. 103
DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Input and Calculations | ROF | ROE | ROI |
|---|---|---|---|---|
| Operating surplus before interest and income tax from financial statements | 85,542 | |||
| Operating surplus before interest and income tax adjusted pursuant to reg 18 (OSBIT) | 85,542 | |||
| Interest on cash, bank balances, and short-term investments (ISTI) | 0 | |||
| OSBIT minus ISTI | 85,542 | a | ||
| Net surplus after tax from financial statements | 39,953 | |||
| Net surplus after tax adjusted pursuant to reg 18 (NSAT) | 39,953 | n | ||
| Amortisation of goodwill and other intangibles | 0 | g | add | add |
| Subvention payment | 0 | s | add | add |
| Depreciation of SFA at BV (x) | 16,613 | |||
| Depreciation of SFA at ODV (v) | 16,551 | |||
| ODV depreciation adjustment | 62 | d | add | add |
| Subvention payment tax adjustment | 0 | s*t | deduct | |
| Interest tax shield | 0 | q | deduct | |
| Revaluations | 0 | r | add | |
| Income tax | 25,589 | p | deduct | |
| Numerator | 65,604 | 40,015 | ||
| OSBIT^ADJ = a + g + s + d | NSAT^ADJ = n + g + s - s*t + d | |||
| Fixed assets at end of PFY (FA₀) | 462,194 | |||
| Fixed assets at end of CFY (FA₁) | 618,979 | |||
| Adjusted net working capital at end of PFY (ANWC₀) | -9,045 | |||
| Adjusted net working capital at end of CFY (ANWC₁) | -10,463 | |||
| Average total funds employed (ATFE)* | 530,833 | c | 530,833 | |
| Total equity at end of PFY (TE₀) | 418,540 | |||
| Total equity at end of CFY (TE₁) | 568,712 | |||
| Average total equity* | 493,626 | k | 493,626 | |
| WUC at end of PFY (WUC₀) | 6,495 | |||
| WUC at end of CFY (WUC₁) | 6,240 | |||
| Average total works under construction* | 6,368 | e | deduct | 6,368 |
| Revaluations | 0 | r/2 | ||
| Half of revaluations | 0 | |||
| Intangible assets at end of PFY (IA₀) | 0 | m | add | |
| Intangible assets at end of CFY (IA₁) | 0 | |||
| Average total intangible assets* | 0 | |||
| Subvention payment at end of PFY (S₀) | 0 | |||
| Subvention payment at end of CFY (S₁) | 0 | |||
| Subvention payment tax adjustment at end of PFY | 0 | |||
| Subvention payment tax adjustment at end of CFY | 0 | |||
| Average subvention payment & related tax adjustment | 0 | v | add | |
| SFA at end of PFY at bv (SFA_bv,0) - incl land | 441,937 | |||
| SFA at end of CFY at bv (SFA_bv,1) - incl land | 597,481 | |||
| Average value of SFA at book value* | 519,699 | f | deduct | 519,699 |
| SFA at year beginning at ODV (SFA_odv,0) - incl land | 442,840 | |||
| SFA at end of CFY at ODV (SFA_odv,1) - incl land | 453,382 | |||
| Average value of SFA at ODV* | 448,111 | h | add | 448,111 |
| Denominator | 452,877 | 415,671 | ||
| ATFE^ADJ = c - e - f + h | Ave TE^ADJ = k - e - m + v - f + h | |||
| Financial Performance Measure: | 14.486 | 9.627 | ||
| ROF = OSBIT^ADJ / ATFE^ADJ x 100 | ROE = NSAT^ADJ / ATFE^ADJ x 100 |
- t = income tax rate applying to corporate entities bv = book value ave = average odv = optimised deprival valuation subscript '0' = end of the previous financial year subscript '1' = end of the current financial year ROF = return on funds ROE = return on equity * = or regulation 33 time-weighted average ROI = return on investment PFY = previous financial year CFY = current financial year SFA = system fixed assets
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 103
Gazette.govt.nz —
NZ Gazette 2003, No 103
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