New Zealand Gazette – 2003 – No. 74

Page 1935

✨ Financial Performance Measures



NEW ZEALAND GAZETTE

27 JUNE

1935

SCHEDULE I.

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

ROF (Return on Funds employed)

Derivation Table

Import and Calculations Symbol in Formulae
1 Operating surplus before interest and income tax from consolidated pursuant to regulation 18 (OSBIT) g
2 Interest on fixed liabilities, bank overdrafts, and short-term investments (STI) h
3 Net surplus after tax, adjusted pursuant to regulation 19 (AST) j
4 Amortisation of goodwill and amortisation of other intangibles k
5 Subvention payment l
6 Depletion of SFA at 6% (k) m
7 GOV depreciation adjustment n
8 Solvent payment adjustment o
9 Interest tax shield p

| | Revenue Ex | |
|10 | OSBIT (ADJ) = g + h | ROE |
| | (OSBITADJ) | OSBITADJ = g + j + k + l - m |

Numerator Formula Components
i Final assets at end of current financial year (FAO)
ii Adjusted net working capital at end of previous financial year (ANWC)
iii Adjusted total capital at end of previous financial year (ATCE)
iv Average ideal funds employed (ATFE)
v Total equity at end of previous financial year (TEF)
vi Average total equity (ATE)
vii Adjusted liabilities (AL)
viii Equity adjustment (EA) for regulation 38 times-weighted averages
ix WUC at end of previous financial year (WUC0)
x Average total assets under construction (ATUC)
xi Average total assets of previous financial year (ATA)
Derivation (ROE)
2,233,999
a 29,960,000
72,993,000
73,918,001
b 79,350
c 1,696,680
d 2,597,000 add
e 1,995,900 add
f 464 add
g 0
h 0 deduct
i 161,894 deduct
j 161,894
k 2,157,704
l (N/A)ADJ = add/as at 31.3.34
m OSBITADJ 2.2 = g + i + j + k add 1.7.33, 2.44
ROE
56,645,200
n 1,522,850 deduct
o 0 deduct
p 353,855
q 72,474,298
r 1,522,600
s 72,975,000
t 73,286,003 deduct
u 72,474,288 add
v 73,286,000
Financial Performance Measure:
ROF = OSBITADJ ÷ ATAFAJ x 100
ATEADJ = k - e. m. v. + i - r

| | ROF at end of the current financial year, subsequent to regulation 37 and end of the previous financial year, subject to the following valuation:
| | BV = book value, ROF = return on investment



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 74


Gazette.govt.nz — PDF NZ Gazette 2003, No 74




✨ LLM interpretation of page content

🏗️ Energy Delivery Performance Measures and Statistics (continued from previous page)

🏗️ Infrastructure & Public Works
Energy delivery, Performance measures, Statistics, CAIDI, Targets