✨ Financial Performance Measures
27 JUNE
PUBLISHED BY THE
DEPARTMENT OF INTERNAL AFFAIRS
PRINTED BY WICKLIFFE LIMITED
NEW ZEALAND GAZETTE
1967
ISSN 0111-5650
Price $5.00 (inc. G.S.T.)
27 JUNE
NEW ZEALAND GAZETTE
1967
WESTPOWER LIMITED - LINES BUSINESS
SCHEDULE 1 - PART 7
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 | 4,677 | ||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) | 4,677 | ||||
| Interest on cash, bank balances, and short-term investments (ISTI) | 72 | ||||
| OSBIT minus ISTI | 4,605 | a | 4,605 | 4,605 | |
| Net Surplus after tax from financial statements | 2,946 | 2,946 | |||
| Amortisation of goodwill and amortisation of other intangibles | b | add | - add | - add | |
| Suspension payment | s | add | - add | - add | |
| Depreciation of SFA at BV (x) | 1,472 | ||||
| Depreciation of SFA at ODV (y) | 1,472 | ||||
| ODV depreciation adjustment | - | d | add | - add | - add |
| Suspension payment tax adjustment | 222 | s't | 222 | ||
| Interest tax shield | |||||
| Revaluations | 435 | r | add | 435 | |
| Income tax | 985 | p | deduct | 985 | |
| OSBIT/ATPE*100 | NETA/ATPE*100 | BITAC/average net cap*1 | |||
| Numerator | 4,605 | 2,946 | 3,833 | ||
| Fixed assets at end of previous year (FAD) | 49,958 | ||||
| Fixed assets at end of current financial year (FA1) | 52,179 | ||||
| Adjusted net working capital at end of previous financial year (ANWC0) | (49) | ||||
| Adjusted net working capital at end of current financial year (ANWC1) | (494) | ||||
| Average total funds employed (ATPE) | 50,136 | c | 50,136 | 50,136 | |
| Total equity at end of previous financial year (TE0) | 40,859 | ||||
| Total equity at end of current financial year (TE1) | 50,345 | 45,807 | |||
| Average total equity | 45,607 | k | |||
| WUC at end of previous financial year (MUC0) | 494 | ||||
| WUC at end of current financial year (MUC1) | 2,694 | ||||
| Average total works under construction | 1,594 | e | deduct | 1,594 | deduct |
| Revaluations | 435 | r | 218 | ||
| Half of revaluations | 218 | r/2 | |||
| Intangible assets at end of previous financial year (IA0) | - | ||||
| Intangible assets at end of current financial year (IA1) | - | m | add | ||
| Average total intangible asset | - | ||||
| Subvention payment tax adjustment at end of previous financial year (S0) | - | ||||
| Subvention payment tax adjustment at end of current financial year (S1) | - | ||||
| Average subvention payment and related tax adjustment | - | v | add | ||
| System fixed assets at end of previous year at book value (SFABV0) | 47,261 | ||||
| System fixed assets at end of current financial year at book value (SFABV1) | 48,545 | f | deduct | 47,883 | deduct |
| System fixed assets at year beginning at ODV value (SFAodv0) | 47,351 | ||||
| System fixed assets at end of current financial year at ODV value (SFAodv1) | 48,545 | h | add | 47,883 | add |
| Average value of system fixed assets at ODV value | 47,963 | 44,013 | 48,324 | ||
| Denominator | ATPE/ATPE*100 | NETA/ATPE*100 | ATPE/ATPE*100 | ||
| Financial performance measure | 9.49% | 6.69% | 7.03% |
PUBLISHED BY THE
DEPARTMENT OF INTERNAL AFFAIRS
PRINTED BY WICKLIFFE LIMITED
ISSN 0111-5650
Price $5.00 (inc. G.S.T.)
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 74
Gazette.govt.nz —
NZ Gazette 2003, No 74
✨ LLM interpretation of page content
🌾
Certification of Financial Statements and Performance Measures for Westpower Limited
(continued from previous page)
🌾 Primary Industries & Resources5 December 2002
Electricity, Financial performance, Efficiency measures, Statistics, Westpower, ODV, Reconciliation