✨ Financial Performance Measures
3648
NEW ZEALAND GAZETTE
No. 135
MARLBOROUGH LINES LIMITED - LINES BUSINESS
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 | 3,259 | ||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIIT) | 3,259 | ||||
| Interest on cash, bank balances, and short-term investments (ISTI) | 255 | ||||
| OSBIIT minus ISTI | 3,004 | a | 3,004 | 3,004 | |
| Net surplus after tax from financial statements | 1,344 | ||||
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | 1,344 | n | 1,344 | ||
| Amortisation of goodwill and amortisation of other intangibles | 567 | g | add 567 | add 567 | add 567 |
| Subvention payment | 0 | s | add 0 | add 0 | add 0 |
| Depreciation of SFA at BV (x) | 3,886 | ||||
| Depreciation of SFA at ODV (y) | 4,710 | ||||
| ODV depreciation adjustment | -824 | d | add -824 | add -824 | add -824 |
| Subvention payment tax adjustment | 0 | s*t | deduct 0 | deduct 0 | |
| Interest tax shield | 299 | q | deduct 299 | ||
| Revaluations | 17,745 | r | add 17,745 | ||
| Income tax | 754 | p | deduct 754 | ||
| Numerator | 2,747 | 1,087 | 19,438 | ||
| OSBIITADJ = a+g+s+d | NSATADJ = n+g+s-s*t+d | OSBIITADJ = a+g+q+r+s+d-p-s*t | |||
| Fixed assets at end of previous financial year (FA0) | 17,812 | ||||
| Fixed assets at end of current financial year (FA1) | 111,785 | ||||
| Adjusted net working capital at end of previous financial year (ANWC0) | 321 | ||||
| Adjusted net working capital at end of current financial year (ANWC1) | 980 | ||||
| Time-weighted average total funds employed (ATFE) | 89,107 | c | 89,107 | 89,107 | |
| Total equity at end of previous financial year (TE0) | 22,946 | ||||
| Total equity at end of current financial year (TE1) | 104,029 | ||||
| Time-weighted average total equity | 83,758 | k | 83,758 | ||
| WUC at end of previous financial year (WUC0) | 214 | ||||
| WUC at end of current financial year (WUC1) | 1,191 | ||||
| Time-weighted average total works under construction | 947 | e | deduct 947 | deduct 947 | deduct 947 |
| Revaluations | 17,745 | r | |||
| Half of revaluations | 8,872 | r/2 | deduct 8,872 | ||
| Intangible assets at end of previous financial year (IA0) | 0 | ||||
| Intangible assets at end of current financial year (IA1) | 14,572 | ||||
| Time-weighted average total intangible asset | 10,929 | m | add 10,929 | ||
| Subvention payment at end of previous financial year (S0) | 0 | ||||
| Subvention payment at end of current financial year (S1) | 0 | ||||
| Subvention payment tax adjustment at end of previous financial year | 0 | ||||
| Subvention payment tax adjustment at end of current financial year | 0 | ||||
| Time-weighted average subvention payment & related tax adjustment | 0 | v | add 0 | ||
| System fixed assets at end of previous financial year at book value (SFAbv0) | 14,413 | ||||
| System fixed assets at end of current financial year at book value (SFAbv1) | 106,657 | ||||
| Time-weighted average value of system fixed assets at book value | 83,596 | f | deduct 83,596 | deduct 83,596 | deduct 83,596 |
| System Fixed assets at year beginning at ODV value (SFAodv0) | 70,828 | ||||
| System Fixed assets at end of current financial year at ODV value (SFAodv1) | 143,700 | ||||
| Time-weighted average value of system fixed assets at ODV value | 125,482 | h | add 125,482 | add 125,482 | add 125,482 |
| Denominator | 130,046 | 135,626 | 121,174 | ||
| ATFEADJ = c-e-f+h | AveTEADJ = k-e-m+v-f+h | ATFEADJ = c-e-½r-f+h | |||
| Financial Performance Measure: | 2.1 | 0.8 | 16.0 | ||
| ROF = OSBIITADJ / ATFEADJ x 100 | ROE = NSATADJ / ATEADJ x 100 | ROI = OSBIITADJ / ATFEADJ x 100 |
t = maximum statutory income tax rate applying to corporate entities
bv = book value
ave = average
odv = optimised deprival valuation
subscript '0' = end of the previous financial year
subscript '1' = end of the current financial year
ROF = return on funds
ROE = return on equity
ROI = return on investment
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 135
Gazette.govt.nz —
NZ Gazette 2003, No 135
✨ LLM interpretation of page content
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Marlborough Lines Limited Financial Performance Measures
(continued from previous page)
🏗️ Infrastructure & Public WorksFinancial Performance, ROF, ROE, ROI, Operating Surplus, Net Surplus, Amortisation, Depreciation, Revaluations, Income Tax