✨ Financial Performance Measures
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Symbol | formula | Input and Calculations |
|---|---|---|---|
| Operating surplus before interest and income tax from financial statements | 74,181,097 | ||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBITT) | a | 74,081,897 | |
| Interest on cash, bank balances, and short-term investments (IST) | 513,463 | ||
| OSBIT minus IST | b | 73,568,234 | |
| Net surplus after tax from financial statements | 40,029,828 | ||
| Amortisation of goodwill and amortisation of other intangibles | c | 40,029,826 | |
| Subvention payment | g | 21,305,038 | |
| Depreciation of SFA at EV (x) | 21,305,938 | ||
| ODV depreciation adjustment | d | 0 | |
| Subvention payment tax adjustment | t | 4,591,335 | |
| Interest tax shield | e | 0 | |
| Revolutions | 19,716,181 | ||
| Income tax | Numerator | f | 19,716,181 |
| Fixed assets at end of previous financial year (FA₁) | 350,603,759 | ||
| Adjusted new working capital at end of previous financial year (ANWC₀) | 745,931,038 | ||
| Adjusted new working capital at end of current financial year (ANWC₁) | 5,166,278i | ||
| Adjusted total funds employed (ATFE) | Denominator | h | 529,196,869 (or regulation 33 time-weighted average) |
| Total equity at end of previous financial year (TE₀) | 256,630,084 | ||
| Total equity at end of current financial year (TE₁) | c | 442,865,041 | |
| Average total equity | k | 334,227,863 (or regulation 33 time-weighted average) |
Measures
| ROI | |
|---|---|
| 73,568,234 | |
| a | add |
| b | add |
| c | 0 |
| g | add |
| d | 0 |
| e | add |
| t | deduct |
| f | 4,581,035 |
| 49,280,826 = OSBIT⁽¹⁾ + a + g - t - s |
| ROE | |
|---|---|
| 40,029,826 | |
| c | add |
| g | add |
| d | 0 |
| t | deduct |
| f | 40,029,826 = n + g - s - t + d |
| NSA⁽²⁾ = m + e - s - t + d |
| ROF | |
|---|---|
| 73,568,234 | |
| a | add |
| b | add |
| c | add |
| g | add |
| d | 0 |
| e | 0 |
| t | add |
| 73,568,234 = OSBIT⁽¹⁾ + a + g + c | |
| 529,196,399 (ATFE) | |
| 334,227,865 (Average) |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 115
Gazette.govt.nz —
NZ Gazette 2003, No 115
✨ LLM interpretation of page content
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Powerco Limited Financial Statements
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