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New Zealand Gazette – 2003 – No. 74

Page 1963

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✨ Financial Performance Table

27 JUNE

NEW ZEALAND GAZETTE

1963

	Symbol in formula	Input & calculations	ROF	ROE	ROI
Fixed Assets at end of previous financial year (FA0)		161,153
Fixed Assets at end of current financial year (FA1)		165,360
Adjusted Net Working Capital at end of previous financial year (ANWC0)		1,974
Adjusted Net Working Capital at end of current financial year (ANWC1)		4,312
	=(FA0+FA1+ANWC0+ANWC1)/2
Average total funds employed (ATFE)	c		166,400		166,400
Total Equity at end of previous financial year (TE0)		158,162
Total Equity at end of current financial year (TE1)		164,571
Average total equity	k	=(TE0+TE1)/2		161,366
Works under construction at end of previous financial year (WUC0)		419
Works under construction at end of current financial year (WUC1)		1,507
Average total Works under construction	e	=(WUC0+WUC1)/2	963	963	963
Revaluations	r
Half of revaluations	r/2	=r/2			-
Intangible assets at end of previous financial year (IA0)		-
Intangible assets at end of current financial year (IA1)		-
Average Total Intangible asset	m	=(IA0+IA1)/2			-
Subvention payment for previous financial year (S0)		-
Subvention payment current financial year (S1)		-
Subvention payment tax adjustment for previous financial year		=$0*t
Subvention payment tax adjustment for current financial year		=$1*t
Average subvention payment & related tax adjustment	v	=[(S0+S1)(1-t)]/2			-
System Fixed assets at end of previous financial year at book value (SFAbv0)		156,547
System Fixed assets at end of current financial year at book value (SFAbv1)		160,261
Average value of system fixed assets at book value	f	=(SFAbv0+SFAbv1)/2	158,404	158,404	158,404
System Fixed assets at end of previous financial year at ODV value (SFAodv0)		156,547
System Fixed assets at end of current financial year at ODV value (SFAodv1)		160,261
Average value of system fixed assets at ODV value	h	=(SFAodv0+SFAodv1)/2	158,404	158,404	158,404

Denominator (as adjusted)			165,437	160,403	165,436
Financial Performance Measure:			15.2%	10.2%	9.7%

Key:
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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