✨ Financial Performance Measures
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
SCHEDULE 1 – PART 7
| DERIVATION TABLE | SYMBOL IN FORMULA | ROI | ROE | ROF |
|---|---|---|---|---|
| a | ||||
| 1 | 5,466,799 | |||
| Operating surplus before interest and income tax from financial statements | 2 | 5,595,872 | 5,466,799 | 5,466,799 |
| Interest on cash, bank balances, and short-term investments (OSFIT) | 3 | 129,073 | 5,743,043 | 5,743,043 |
| Net surplus after tax from financial statements | 4 | 5,466,799 | ||
| Amortisation of goodwill and amortisation of other intangibles | 5 | 3,743,044 | ||
| Subvention payment | 6 | - | 0 | add |
| Depreciation of SFA at BV (A) | 7 | 97,279 | 97,279 | add |
| Depreciation of SFA at ODV (A2) | 8 | 1,387,500 | -73,252 | add |
| ODV depreciation adjustment | 9 | 1,470,752 | 73,252 | add |
| Subvention payment tax adjustment | d | -42,102 | -32,102 | deduct |
| Interest tax shield | e | -42,594 | -42,594 | |
| Revaluations | f | 1,852,828 | ||
| Income tax | g | - | deduct | |
| r | - |
| Numerator: | | | |
|----------------------------|-------------------------------|
| Fixed assets at end of previous financial year (FA0) | 39,218,791 |
| Adjusted net working capital at end of previous financial year (ANWC0) | 41,586,851 |
| Adjusted net working capital at end of current financial year (ANWC1) | -557,421 |
| Adjusted total funds employed (ATFE) | 39,831,034 (or regulation 3.3 time-weighted average) |
| Total equity at end of previous financial year (TE0) | 40,367,937 |
| Average total equity (or regulation 3.3 time-weighted average) | 41,142,767 |
| OSFIT (10) | 3,734,969 |
| NSAT ADJ = (n1 + g - s ± t ± d) | 3,648,490 + adjustment(s) |
| OSBIT (10) = ATFE + (ATFE × r) | |
| | k | 41,142,767 |
| | g | 987,826 |
| | r | 0 |
| Revaluations | Half of revaluations (or regulation 3.3 time-weighted average) |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2003, No 92
Gazette.govt.nz —
NZ Gazette 2003, No 92
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Electricity Information Disclosure for Invercargill Limited
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🏭 Trade, Customs & Industry24 July 2003
Electricity, Financial Statements, Revenue, Expenditure, Operating Costs, Return on Investment, Efficiency Performance