✨ Financial Performance Measures
NEW ZEALAND GAZETTE
No. 121
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Input and Calculations | Symbol in formula | ROF | ROE | ROI |
|---|---|---|---|---|
| Derivation Table | ||||
| Operating surplus before interest and income tax from financial statements | a | 8,302 | ||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSSIT) | b | 8,392 | ||
| Interest on cash, bank balances, and short-term investments (IST) | c | 140 | ||
| CSBIT minus IST | d = b - c | 8,252 | ||
| Net surplus after tax from financial statements | e | 6,477 | 6,477 | |
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | f = e + g - h + i - j | 8,682 | ||
| Amortisation of goodwill and amortisation of other intangibles | g | add | ||
| Depreciation % of PFA at FAV (x) | h | 0 | add | |
| Depreciation of SFA at ODV (x) | i | 0 | add | |
| 30/Year depreciation adjustment | j | 0 | deduct | |
| Subvention payment Tax adjustment | k | |||
| Interest Tax shield | l | 123 | 45 | |
| Revaluations | m | 2,322 | ||
| Income Tax | n | |||
| Numerator | OSSIT^x = d + k | 6,477 | 8,682 | |
| NSAT^x = f + k + g + l - m | ||||
| ROI^x = a + g + i - j | 6,514 |
| Fixed assets at end of previous financial year (FA) | o = r | 118,900 | | |
| Adjusted net working capital at end of previous financial year (ANWCt-1) | p = u | 1,493 | | |
| Adjusted total funds employed (ATFE) | q = o + p | 120,393 | | |
| Average total equity (for regulation 33 time-weighted average) (ATE) | r | 120,161 | 120,161 | |
| Total equity at end of previous financial year (TEt-1) | s | | | |
| Adjusted total funds employed (for regulation 33 time-weighted average) | t | | | |
| Adjusted net working capital (for regulation 33 time-weighted average) (ANWC) | u | 119,933 | | |
| Total assets at end of current financial year (TA) | v | | | 120,770 |
| WUC at end of previous financial year (WUCt-1) | w | | | |
| WUC at end of current financial year (WUCt) | x | | | |
| Average total works under construction (for regulation 33 time-weighted average) | y | | | 639 |
| ROF | OSSIT^x / (ATE) = d/q | 8,652 | | |
| ROE | NSAT^x / r = f/r | | 6.477 | |
| ROI | ROI^x / (q + w - t) = a/q + i - j + g | | | 6.514 |
| | = 20,181 | | |
| | = 129,770 | | |
| | = 120,770 | | |
| | = 639 | deduct |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 121
Gazette.govt.nz —
NZ Gazette 2003, No 121
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Disclosure of Reliability Performance Measures under Electricity Regulations
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