✨ Financial Performance Measures
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
Derivation Table
| Input and Calculations | Symbol in formula | ROE | ROF |
|---|---|---|---|
| Number. | |||
| 1 Operating surplus before interest and income tax from financial statements (OSBIIT) | 1.246.304 | a | |
| 2 Interest on cash, bank balances, and short-term investments (IST) | 17,000 | a | |
| 3 OSBIIT minus IST | 1.229.304 | ||
| 4 Net surplus after tax from financial statements | 1.229.394 | a | |
| 5 Net surplus after tax adjusted pursuant to requirement 18 (NSAT) | 327.394 | a | |
| 6 Amortisation of goodwill and amortisation of other intangibles | 0 | add | |
| 7 Exemption of impairment of SFA at BV (x) | 0 | add | |
| 8 Depreciation of SFA at ODV (y) | 2,520.571 | add | |
| 9 Amortisation adjustment | 0 | add | |
| 10 Depreciation adjustment | -455.533 | deduct | |
| 11 Revaluation of non-financial assets | 297.560 | add | |
| 12 Revaluations | 2,022.323 | ||
| 13 Income Tax | |||
| Fixed assets at end of previous financial year (FA0) | |||
| 81.155.000 | b | ||
| 14 Adjusted net working capital at end of previous financial year (ANWC0) | 126.282.000 | e | |
| 15 Adjusted Net Working Capital at end of current financial year (ANWC1) | 103.471.327 | f | |
| 16 Average Total Funds Employed (ATFE) | 304.737.771 | g | |
| 17 Total equity at end of previous financial year (E0) | 90,116,304 | i | |
| 18 Average total equity | 96,714,008 | j | |
| 19 WUC at end of previous financial year (WUC0) | 79,162,299 | k | |
| 20 WUC at end of current financial year | 115,000 | l | |
| 21 Average total works under construction | 74,600 | m | |
| Revaluations | |||
| 22 Half of revaluations | 24,073,836 | n/2 | |
| 23 Intangible assets at end of previous financial year (IA0) | 12,011,818 | ||
| 24 Average intangible asset | |||
| Subordinated payment at end of previous financial year (S0) | 0 | o | |
| 25 Subordinated payment at end of current financial year (S1) | 0 | p | |
| 26 Average Subordinated payment | 0 | q | |
| 27 System fixed assets at end of previous financial year at book value (SFAbv0) | 76,511,000 | r | |
| 28 System fixed assets at end of current financial year at book value (SFAbv1) | 100,769,000 | s | |
| 29 Average value of system fixed assets at book value | 89,654,500 | ||
| 30 System Fixed assets at year beginning at ODV value (SFAodv0) | 108,819,864 | ||
| 31 Average value of System fixed assets at ODV value (SFAodv) | 121,173,784 | t | |
| Financial Performance Measure: | ROE | ||
| Return on equity (ROE) | (a + g + n/2 + q) / j | ||
| ROF | |||
| Return on funds (ROF) | ROF = (NSATADJ + ATFEADJ) x 100 / ATFE (see formulae in columns) | ROE and ROF calculations: |
ROE Calculation
| 1,229,394 | |
| 327,394 | a |
| 0 |
| 65,533 | add |
| 0 |
| 0 | add |
| 2,520,571 | add |
| -455,533 | deduct |
| 297,560 | add |
| 2,022,323 |
| 526,401 |
| 2,140,374 |
| NSATADJ = a + g + n - h | (1,104 + 401) |
| OSBIITADJ = a + g + n - s |
| 74,900 | deduct |
| 12,011,818 | deduct |
| 90,116,304 |
| 96,716,504 | j |
ROF Calculation
| 89,654,500 | deduct |
| 89,842,132 |
| 78,812,815 |
| 89,842,132 |
| ATFEADJ = OSBIITADJ/ATFE x 100
| ROF (return on funds) = return of the current financial year
| ROF = NSATADJ/ATFE x 100
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 163
Gazette.govt.nz —
NZ Gazette 2004, No 163
✨ LLM interpretation of page content
💰 Form for the Derivation of Financial Performance Measures from Financial Statements
💰 Finance & RevenueFinancial Performance, Measures, ROE, ROF, Calculations, Derivation Table