✨ Financial Performance Measures
22 DECEMBER 2004
NEW ZEALAND GAZETTE, No. 171
4287
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 | 166,801 | ||||
| Operating surplus before interest and income tax adjusted pursuant to requirement 18 (OSBIT) | 166,801 | ||||
| Interest on cash, bank balances, and short-term investments (ISTI) | 5,537 | ||||
| OSBIT minus ISTI | 161,265 | a | 161,265 | 161,265 | |
| Net surplus after tax from financial statements | 66,786 | ||||
| Net surplus after tax adjusted pursuant to requirement 18 (NSAT) | 66,786 | n | 66,786 | ||
| Amortisation of goodwill and amortisation of other intangibles | 0 | g | add 0 | add 0 | add 0 |
| Subvention payment | 0 | s | add 0 | add 0 | add 0 |
| Depreciation of SFA at BV (x) | 97,799 | ||||
| Depreciation of SFA at ODV (y) | 97,821 | ||||
| ODV depreciation adjustment | -22 | d | add -22 | add -22 | add -22 |
| Subvention payment tax adjustment | 0 | s*t | deduct 0 | deduct 0 | |
| Interest tax shield | 23,102 | q | deduct 23,102 | ||
| Revaluations | 95,000 | r | add 95,000 | ||
| Income tax | 27,430 | p | deduct 27,430 | ||
| Numerator | 161,242 | 66,764 | 205,711 | ||
| OSBITADI = a + g + s + d | NSATADI = n + g + s - s*t + d | OSBITADI = a + g - q + r + s + d - p - s*t | |||
| Fixed assets at end of previous financial year (FA0) | 2,122,626 | ||||
| Fixed assets at end of current financial year (FA1) | 2,086,819 | ||||
| Adjusted net working capital at end of previous financial year | -39,574 | ||||
| Adjusted net working capital at end of current financial year (ANWC1) | -4,647 | ||||
| Average total funds employed (ATFE) | 2,082,612 | c | 2,082,612 | 2,082,612 | |
| (or regulation 33 time-weighted average) | |||||
| Total equity at end of previous financial year (TE0) | 963,461 | ||||
| Total equity at end of current financial year (TE1) | 1,008,027 | ||||
| Average total equity | 985,744 | k | 985,744 | ||
| (or regulation 33 time-weighted average) | |||||
| WUC at end of previous financial year (WUC0) | 99,155 | ||||
| WUC at end of current financial year (WUC1) | 97,870 | ||||
| Average total works under construction | 98,513 | e | deduct 98,513 | deduct 98,513 | deduct 98,513 |
| (or regulation 33 time-weighted average) | |||||
| Revaluations | 95,000 | r | |||
| Half of revaluations | 47,500 | r/2 | deduct | 47,500 | |
| Intangible assets at end of previous financial year (IA0) | 0 | ||||
| Intangible assets at end of current financial year (IA1) | 0 | ||||
| Average total intangible asset | 0 | m | deduct 0 | ||
| (or regulation 33 time-weighted average) | |||||
| Subvention payment at end of previous financial year (S0) | 0 | ||||
| Subvention payment at end of current financial year (S1) | 0 | ||||
| Subvention payment tax adjustment at end of previous financial year | 0 | ||||
| Subvention payment tax adjustment at end of current financial year | 0 | ||||
| Average subvention payment & related tax adjustment | 0 | v | add 0 | ||
| System fixed assets at end of previous financial year at book value | 1,965,000 | ||||
| System fixed assets at end of current financial year at book value | 1,919,255 | ||||
| Average value of system fixed assets at book value | 1,942,127 | f | deduct 1,942,127 | deduct 1,942,127 | deduct 1,942,127 |
| (or regulation 33 time-weighted average) | |||||
| System Fixed assets at year beginning at ODV value (SFAodv0) | 1,965,000 | ||||
| System Fixed assets at end of current financial year at ODV value | 2,026,000 | ||||
| Average value of system fixed assets at ODV value | 1,995,500 | h | add 1,995,500 | add 1,995,500 | add 1,995,500 |
| (or regulation 33 time-weighted average) | |||||
| Denominator | 2,037,472 | 940,604 | 1,989,972 | ||
| ATFEADI = c - e - f + h | Ave TEADI = k - e - m + v - f + h | ATFEADI = c - e - r/2 - f + h | |||
| Financial Performance Measure: | 7.9 | 7.1 | 10.3 | ||
| ROF = OSBITADI / ATFEADI x 100 | ROE = NSATADI / Ave TEADI x 100 | ROI = OSBITADI / ATFEADI x 100 |
t = maximum statutory income tax rate applying to corporate entities bv = book value ave = average odv = optimised deprival valuation subscript '0' = end of financial year subscript '1' = end of the current financial year ROF = return on funds ROE = return on equity ROI = return on investment
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2004, No 171
Gazette.govt.nz —
NZ Gazette 2004, No 171
✨ LLM interpretation of page content
🏭
Financial Performance of Transpower New Zealand Limited Lines Business
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Statements, Transfer Payments, Operating Expenditure, Assets, Equity, Performance Measures, ROF, ROE, ROI