New Zealand Gazette – 2003 – No. 90

Page 2340

✨ Financial Statements Derivation

NEW ZEALAND GAZETTE

No. 90

FORM FOR THE DERIVATION OF BALANCE SHEET PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Schedule 1, Part 7: Derivations and calculations

Derivation Table	Symbol in Formula	Input and Calculations
Operating surplus before interest and income tax adjusted surplus before interest and income (OSBIIT)		10,950
Operating surplus before interest and income tax from financial statements		10,350
Net surplus after tax from financial statements		4,999
plus Interest on cash, bank balances, and short-term investments (STI)		a
OSBIIT minus STI		10,350
Net surplus after tax adjusted pursuant to regulation 18 (NSAT)		4,999
Amortisation of goodwill and amortisation of other intangibles		add
Subvention payment		add
Depreciation of SFA at ODV (v)		add
Depreciation of SOFA		0
RDV appreciation adjustment		add
Removal of SOFA depreciation		deduct
Revaluations		deduct
Numerator		64,890

Fixed assets at end of previous financial year (FAP)		62,774
Fixed assets at end of current financial year		65,138
Adjusted net working capital at end of previous financial year (ANWCp)		1,821
Adjusted net working capital at end of current financial year (ANWCc)		842
Adjusted total funds employed (ATFE)
Average total funds employed (ATFE)		65,138
Total equity at end of previous financial year (TEp)		32,739
Total equity at end of current financial year (TEc)		32,445
Average total equity		84
WUC at end of previous financial year (WUCp)		32,445

Formulae for the derivation of balance sheet performance measures

| ROE | NSAT(^1) = n + g + t + s + d - r + a + e + o | 4,969 |
| | | |
| | add | add |
| | add | add |
| | deduct | deduct |
| | deduct | deduct |
| | = CSBIIT^(2) = a + g + o + t + s + d - r | 5,417 |
| | | |
| ROA | NSA(^1) = n + g + t + o + s + d - r | 4,969 |
| | | |
| | add | add |
| | add | add |
| | deduct | deduct |
| | = OSBIIT^(3) = a + g + o + t + s + d - r | 10,256 |

| ROI | CSBIIT^(2) = n + g + t + o + s + d - r + a | 10,350 |
| | | |
| | add | add |
| | add | 2,114 |
| | deduct | deduct |
| | = | 747 |
| | | |
| | OSBIIT^(3) = n + g + o + t + s + d - r | 3,117 |

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