New Zealand Gazette – 2003 – No. 95

Page 2518

✨ Financial Performance Measures



SCHEDULE 1 - PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table Input and Calculations Symbol Formula
Operating surplus before interest and income tax financial statements 7,012,016 a
Operating surplus before interest and income tax pursuant to regulation 18 (OSBIT) 7,012,016 c
Interest on cash, bank balances, and short term investments (IST) 2,733,615 g
Net surplus after tax adjusted pursuant to regulation 18 (NSAT) 2,733,615 g
Amortisation of goodwill and amortisation of other intangibles 0 s
Revaluations 3,451,094 d
Depreciation of SFA at BV (x) 1,726,145 st1
OGV depreciation adjustment 0
ODV revaluation adjustment 899,941
Subvention payment tax adjustment g
Interest tax shield 1,724,146 r
Income tax 1,551,307 p
Numerator
ROE 7,012,016
7,734,118 a add
2,733,615 g add
0 s add
1,724,146 add
0 r deduct
899,941 deduct
1,551,307 p deduct
= 7,712,016 ROE
Fixed assets at end of previous financial year (FxA) 70,854,550 c
Adjusted net working capital at end of previous financial year (ANWCp) 72,622,664 k
Adjusted net working capital at end of current financial year (ANWCr) -2,179,383
Adjusted total funds employed (ATFE) 944,984
Average ANWCr 70,676,419 (or regulation 33 time-weighted average) l
Total equity at end of previous financial year (TEp) 31,222,294
Total equity at end of current financial year (TEr) 33,707,239 (or regulation 33 time-weighted average)
WUC at end of previous financial year (WUCp) 32,464,494
WUC at end of current financial year (WUCr) 3,118,748 (or regulation 33 time-weighted average)

ROE Calculations

Formula:

ROE = a

= 7,012,016

ROE:

ROE = (c + g + s + d - r + p)

= 7,712,016

  • 2,733,615
  • 0
  • 1,724,146
    = 8,722,485

ROE (Post adjustments):

= 7,712,016 + (2,733,615 + 0 + 1,724,146) - (0 + 899,941 + 1,551,307)

= 9,651,507

NSAT Formula:

NSAT(^m) = n = g + s + t + d

= 4,457,760

OSBIT Formula:

OSBIT(^m) = a + g + s

= 9,736,161

Final Adjusted Values:
ROI = (7,712,016 + 2,733,615) / 70,676,419

= 0.1476

= 14.76%

ROE (simplified) = 32,464,917



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2003, No 95


Gazette.govt.nz — PDF NZ Gazette 2003, No 95




✨ LLM interpretation of page content

🏭 Annual Valuation Reconciliation Report (continued from previous page)

🏭 Trade, Customs & Industry
Valuation, Reconciliation, Fixed assets, Depreciation, Financial year