New Zealand Gazette – 2003 – No. 140

Page 3752

✨ Financial Performance Measures



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 3,122
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIFT) 3,122
Interest on cash, bank balances, and short-term investments (IST) 87
OSBIFT minus IST 3,035 a 3,035 3,035
Net surplus after tax from financial statements 1,877
Net surplus after tax adjusted pursuant to regulation 18 (NSAT) 1,877 n 1,877
Amortisation of goodwill and amortisation of other intangibles g add 0 add
Subvention payment s add add
Depreciation of SFA at BV (x) 552
Depreciation of SFA at ODV (y) 513
ODV depreciation adjustment 39 d add 39 deduct
Subvention payment tax adjustment - s*t
Interest tax shield (7) q deduct
Revaluations r
Income tax 1,180 p deduct 1,180
Numerator (OSBIFT^(adj)) a g x (NSAT^(adj)) n g + 3,074 1,916 1,901
d s*t
Fixed assets at end of previous financial year (FA_0) 14,480
Fixed assets at end of current financial year (FA_1) 14,378
Adjusted net working capital at end of previous financial year (ANWC_0) 255
Adjusted net working capital at end of current financial year (ANWC_1) 253
Average total funds employed (ATFE) 14,688 c 14,688 14,688
(or regulation 33 time-weighted average)
Total equity at end of previous financial year (TE_0) 14,426
Total equity at end of current financial year (TE_1) 14,605
Average total equity 14,515 k 14,515
(or regulation 33 time-weighted average)
WUC at end of previous financial year (WUC_0) 53
WUC at end of current financial year (WUC_1) 107
Average total works under construction 80 e deduct 80 deduct
(or regulation 33 time-weighted average)
Revaluations r
Half of revaluations r/2
Intangible assets at end of previous financial year (IA_0) -
Intangible assets at end of current financial year (IA_1) -
Average total intangible asset m add
(or regulation 33 time-weighted average)
Subvention payment at end of previous financial year (S_0) -
Subvention payment at end of current financial year (S_1) -
Subvention payment tax adjustment at end of previous financial year
Subvention payment tax adjustment at end of current financial year
Average subvention payment & related tax adjustment v add
System fixed assets at end of previous financial year at book value (SFA_BV0) 13,510
System fixed assets at end of current financial year at book value (SFA_BV1) 13,343
Average value of system fixed assets at book value 13,427 f deduct 13,427 deduct
(or regulation 33 time-weighted average)
System fixed assets at year beginning at ODV value (SFA_ODV0) 13,837
System fixed assets at end of current financial year at ODV value (SFA_ODV1) 13,531
Average value of system fixed assets at ODV value 13,684 b add 13,684 add
(or regulation 33 time-weighted average)
Denominator (ATFE^(adj)) c - e + f - b 14,865 (Ave TE^(adj)) k - e - m + v 14,692

Financial Performance Measure:

ROF 20.7
(OSBIFT^(adj) / ATFE^(adj)) x 100
ROE 13.0
(NSAT^(adj) / Ave TE^(adj)) x 100
ROI 12.8
(OSBIFT^(adj) / ATFE^(adj)) x 100

amended information - refer note 15



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 140


Gazette.govt.nz — PDF NZ Gazette 2003, No 140




✨ LLM interpretation of page content

💰 Derivation of Financial Performance Measures from Financial Statements (continued from previous page)

💰 Finance & Revenue
Financial Performance, Operating Surplus, Net Surplus, Fixed Assets, Equity, Works Under Construction, Intangible Assets, Subvention Payment, System Fixed Assets, ROF, ROE, ROI