✨ Financial Performance Measures
SCHEDULE J : 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 ROS (i) | g | 9,828,414 | |
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) (j) | g | 9,328,311 | |
| Interest on cash, bank balances, and short-term investments (IST) (k) | r | 213,000 | |
| OSBIT minus IST | g - r | 9,315,311 | |
| Net surplus after tax from financial statements | q | 4,112,828 | |
| Amortisation of goodwill and amortisation of other intangibles | s | 1,944,000 | |
| Subvention payment | add | 0 | |
| Depreciation of SFA at EV (x) | d | 6,493,000 | |
| ODV depreciation adjustment | add | 0 | |
| Subvention payment tax adjustment | add | 0 | |
| Interest tax shield | i | -336,000 | |
| Revaluations | deduct | 1,863,180 | |
| Income tax | p | -444,247 | |
| Numerator | |||
| ROF | OSBIT/(a+g) | 10,823,311 | |
| Fixed assets at end of previous financial year (FA0) | a | ||
| Fixed assets at end of current financial year (FA1) | add | 131,271,000 | |
| Adjusted net working capital at end of previous financial year (AWC0) | 382,039,000 | ||
| Adjusted net working capital at end of current financial year (AWC1) | add | 0 (for regulation 33 time-weighted average) | |
| ROE | NSAT/(n + q + s + t) | ||
| NSAT (Net Surplus After Tax) | q | 5,620,828 | |
| OSBIT | a + g | 9,315,311 + 1,844,000 | |
| = 11,159,311 | |||
| add | 4,112,828 | ||
| add | 1,844,000 | ||
| add | 0 | ||
| deduct | -336,000 | ||
| deduct | -336,000 | ||
| deduct | 0 | ||
| 1,863,180 | |||
| deduct | 17,758,744 | ||
| 27,202,378 (for OSBIT) |
| Total equity at end of current financial year (TE) | k | | 230,271,500 |
| Average total funds employed (ATFE) | | | |
| (AVWC0) | | | 158,745,414 (for regulation 33 time-weighted average) |
| Total equity at end of previous financial year (TE0) | | | 132,511,000 |
| Average total equity | | | 153,745,414 (for regulation 33 time-weighted average) |
|
| WUC at end of previous financial year (WUC0) | | | 2,633,000 |
| WUC at end of current financial year under construction (WUC1) | | | 7,391,000 |
| Average WUC | e | | 4,368,833 (for regulation 33 time-weighted average) |
| ROI | | OSBIT/(k) | 9,315,311 |
| | | add | 1,844,000 |
| | | | 1,844,000 |
| | | deduct | -336,000 |
| | | | 18,653,744 |
| | | deduct | 444,247 |
| | | | 230,271,500 |
| | | deduct | 4,368,833 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 122
Gazette.govt.nz —
NZ Gazette 2003, No 122
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