✨ Financial Performance Measures
NEW ZEALAND GAZETTE
No. 107
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Input and Calculations | Symbol in formula | ROF | ROE | ROI |
|---|---|---|---|---|---|
| Operating surplus before interest and income tax from financial statements | 3,122 | ||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) | 3,122 | ||||
| Interest on cash, bank balances, and short-term investments (IST) | 67 | ||||
| OSBIT minus IST | 3,035 | a | 3,035 | 3,035 | |
| Net surplus after tax from financial statements | 1,877 | ||||
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | 1,877 | 1,877 | |||
| Amortisation of goodwill and amortisation of other intangibles | - | n | add | add | add |
| Subvention payment | - | s | add | 0 | add |
| Depreciation of SFA at BV (x) | 552 | ||||
| Depreciation of SFA at ODV (y) | 513 | ||||
| ODV depreciation adjustment | 39 | d | add | 39 | add |
| Subvention payment tax adjustment | - | t | deduct | deduct | |
| Interest tax shield | (7) | q | -7 | ||
| Revaluations | - | r | add | ||
| Income tax | 1,180 | p | 1,180 | ||
| Numerator | OSBIT^(Adj) = a + g + s + d + o | 3,074 | |||
| NSAT^(Adj) = n + g + s + t + r | 1,916 | ||||
| OEBIT^(Adj) = NSAT^(Adj) + q + p | 1,901 |
| Fixed assets at end of previous financial year (FAp) | 14,489 | | | |
| Fixed assets at end of current financial year (FAc) | 14,378 | | | |
| Adjusted net working capital at end of previous financial year (ANWCp) | - | | | |
| Adjusted net working capital at end of current financial year (ANWCi) | - | | | |
| Average total funds employed (ATFE) | 14,434 | c | 14,434 | | 14,434 |
| Total equity at end of previous financial year (TEp) | 14,426 | | | |
| Total equity at end of current financial year (TEc) | 14,603 | k | | 14,515 |
| Average total equity | 14,515 | | | | |
| WUC at end of previous financial year (WUCp) | 53 | | | |
| WUC at end of current financial year (WUCc) | 107 | e | deduct | 80 | deduct | 80 |
| Average total works under construction | 80 | | | |
| Revaluations | - | r/2 | | | |
| Half of revaluations | | | | | deduct |
| Intangible assets at end of previous financial year (IAp) | - | | | |
| Intangible assets at end of current financial year (IAc) | - | | | |
| Average total intangible asset | - | m | | add |
| Subvention payment at end of previous financial year (Sp) | - | | | |
| Subvention payment at end of current financial year (Sc) | - | | | |
| Subvention payment tax adjustment at end of previous financial year | - | | | |
| Subvention payment tax adjustment at end of current financial year | - | | | |
| Average subvention payment & related tax adjustment | - | v | | add |
| System fixed assets at end of previous financial year at book value (SFApBV) | 13,510 | | | |
| System fixed assets at end of current financial year at book value (SFAcBV) | 13,343 | f | deduct | 13,427 | deduct | 13,427 |
| Average value of system fixed assets at book value | 13,427 | | | |
| System Fixed assets at year beginning at ODV value (SFApODV) | 13,837 | | | |
| System Fixed assets at end of current financial year at ODV value (SFAcODV) | 13,531 | h | add | 13,684 | add | 13,684 |
| Average value of system fixed assets at ODV value | 13,684 | | | |
| Denominator | | ATFE^(Adj) = c - e - f + h | 14,611 | ATFE^(Adj) = k - e + m + v + h | 14,692 | ATFE^(Adj) = c - e - f + h | 14,611 |
| Financial Performance Measure: | | ROF = OSBIT^(Adj)/ATFE^(Adj) x 100 | 21.0 | | |
| | | ROE = NSAT^(Adj)/ATFE^(Adj) x 100 | | 13.0 | |
| | | ROI = OEBIT^(Adj)/ATFE^(Adj) x 100 | | | 13.0 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 107
Gazette.govt.nz —
NZ Gazette 2003, No 107
✨ LLM interpretation of page content
💰 Form for the Derivation of Financial Performance Measures
💰 Finance & RevenueFinancial Performance, Measures, Financial Statements, Operating Surplus, Net Surplus, Fixed Assets, Equity, Works Under Construction, Intangible Assets, Subvention Payment, System Fixed Assets, ROF, ROE, ROI