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New Zealand Gazette – 2003 – No. 98

Page 2601

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✨ Financial Performance Measures

12 AUGUST

NEW ZEALAND GAZETTE

2601

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	893,665	a	add	617,767	696,009
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT)	893,665		add	0	0
Interest on cash, bank balances, and short-term investments	207,657	n	add	0	0
OSBIT minus ISTI	686,009		add	0	0
Net surplus after tax from financial statements	617,767		add	0	0
Net surplus after tax adjusted pursuant to regulation 18 (NSAT)	617,767		add	0	0
Amortisation of goodwill and amortisation of other intangibles	236,288	g	add	0	0
Subvention payment	298,288	s	add	0	0
Depreciation of SFA at BV (x)	0	d	add	0	0
Depreciation of SFA at ODV (y)	0	s¹	deduct	0	0
ODV depreciation adjustment	-68,527	r	add	-68,527	-68,527
Subvention payment tax adjustment	0		add	0	0
Interest tax shield	275,839	p	deduct	275,839	275,839
Revaluations	0		deduct	0	0
Income tax	0		add	0	0
Numerator			OSBIT^ROF = a + g + s + d	NSAT^ROE = n + g + s - s¹ + d	OSBIT^ROI = a + g - q + r + s + d - p - s¹
Fixed assets at end of previous financial year (FA₀)	13,344,680
Fixed assets at end of current financial year (FA₁)	13,729,376
Adjusted net working capital at end of previous financial year (ANWC₀)	-353,448	c		13,342,943	478,637
Adjusted net working capital at end of current financial year (ANWC₁)	13,342,943			17,320,510	13,342,943
Average total funds employed (ATFE)	17,011,626	k	(or regulation 33 time-weighted average)	(or regulation 33 time-weighted average)	0
Total equity at end of previous financial year (TE₀)	17,829,393
Total equity at end of current financial year (TE₁)	17,320,510
Average total equity	0	e		0	deduct
WUC at end of previous financial year (WUC₀)	0		(or regulation 33 time-weighted average)
WUC at end of current financial year (WUC₁)	0
Average total works under construction	0			0	deduct