✨ Financial Performance Measures
NEW ZEALAND GAZETTE
No. 110
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM 20/20/20 FINANCIAL STATEMENTS
(ROF TROF ROI)
Derivation Table
| Input and Calculations | Symbol in Formula | Operating surplus before interest and income tax adjustments | Depreciation (DSBIT) and income tax-adjustments pursuant to Operating surplus (EBIT) | Net surplus after tax from financial arrangements (NST) | Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | Administration of government and amortisation of other intangibles | Solution payment | Depreciation of SFA at BV (x) | COV depreciation adjustment | Subvention payment tax shield | Interest tax shield | Revaluations | Income Tax | Numerator |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free assets at end of current financial year | a | 2,267,000 | 2,266,004 | |||||||||||
| Adjusted net working capital at end of previous financial year (ANWC0) | b | 21,000 | ||||||||||||
| Adjusted net working capital at end of current financial year (ANWC1) | c | 21,000 | 1,337,000 | |||||||||||
| Average total funds employed (ATFE) | d | 1,337,000 | 0 | 0 | 653,864 | add | add | |||||||
| Total equity at end of previous financial year | e | 473,470 | ||||||||||||
| Total equity at end of current financial year (TE1) | f | 746,833 | 0 | 185,893 | add | |||||||||
| WUC at end of previous financial year (WUC0) | g | 473,470 | 306,570 | |||||||||||
| WUC at end of current financial year (WUC1) | h | 306,570 | ||||||||||||
| Average total WUC | i | 185,893 | 736,070 | deduct | ||||||||||
| Intangible assets at end of previous financial year (IA0) | j | 736,070 | 0 | |||||||||||
| Intangible assets at end of current financial year (IA1) | k | 0 | 2,451,894 | |||||||||||
| Average intangible asset | l | 78,129,000 | 81,557,323 | 75,832,278 | add | |||||||||
| (or regulation 33 time-weighted average) | m | 75,832,278 | ||||||||||||
| Total assets at end of previous financial year | n | 66,533,000 | 66,712,502 | |||||||||||
| Total assets at end of current financial year | o | 68,712,502 | ||||||||||||
| System fixed assets at year beginning + COV value (SFAbv0) | p | 3,044,620 | 3,058,004 | |||||||||||
| System fixed assets at end of current financial year at OCV value (SFAbv1) | q | 1,580,000 | ||||||||||||
| Average value of system fixed assets at OCN value | r | |||||||||||||
| ROF | 1,824,863 |
| | | ROE | NSATADJ1 = n + g - h + k - j + p - o | 1,624,894 | | | | 75,832,278 | | 1,580,000 | | 389,000 | | | |
| | | ROI | OSBITADJ1 = a + g - h + k - j - d - e + l | | | | 2,660,000 | | 75,832,278 | | | | 1,580,000 | deduct | |
ROE = OSBITADJ/ATEADJ x 100
ROF = OSBITADJ/ATFEADJ x 100
- add = addition, deduct = subtraction
- ROE = return on equity, ROI = return on funds, ROF = return on investment
Financial Performance Measures:
- 1 = maximum statutory income tax rate applying to corporate entities, prev book value.
- 2 = specified useful valuation.
- ATEADJ = ATFEADJ at end of the previous financial year, subscript 1 = end of the current financial year.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 110
Gazette.govt.nz —
NZ Gazette 2003, No 110
✨ LLM interpretation of page content
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CAIDI Performance Targets
(continued from previous page)
🏭 Trade, Customs & IndustryElectricity, CAIDI, Performance Measures, Transpower, Electra
💰 Derivation of Financial Performance Measures
💰 Finance & RevenueFinancial Statements, Performance Measures, ROF, TROF, ROI, Operating Surplus, Depreciation, Net Surplus, Equity, Assets, Intangible Assets, System Fixed Assets, Return on Equity, Return on Funds, Return on Investment