✨ Financial Performance Measures
WAIPA NETWORKS LIMITED - LINES BUSINESS
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
SCHEDULE 1 - PART 7
| Derivation Table | Input and Calculations | Symbol in formula | ROF | ROE | ROI |
|---|---|---|---|---|---|
| Operating surplus before interest and income tax from financial statements | 1,512,713 | ||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) | 1,512,713 | ||||
| Interest on cash, bank balances, and short-term investments (ISTI) | 33,073 | ||||
| OSBIT minus ISTI | 1,479,640 | a | 1,479,640 | 1,479,640 | |
| Net surplus after tax from financial statements | 637,716 | ||||
| Net surplus after tax adjusted pursuant to regulation 16 (NSAT) | 637,716 | n | 637,716 | ||
| Amortisation of goodwill and amortisation of other intangibles | 0 | add | add | add | |
| Subvention payment | 0 | s | add | add | add |
| Depreciation of SFA at BV (x) | 1,439,385 | ||||
| Depreciation of SFA at ODV (y) | 2,035,605 | ||||
| ODV depreciation adjustment | -596,494 | add | -596,494 | add | -596,494 |
| Subvention payment tax adjustment | 0 | t | add | ||
| Interest tax shield | 251,766 | q | deduct | 251,766 | |
| Revaluations | 0 | ||||
| Income tax | 78,597 | p | add | 78,597 | |
| Numerator | OSBIT(^{NW}) = a + g + s + t | 883,146 | NSAT(^{NW}) = n + g + s - t + d | 41,222 |
| | | | | | |
| Fixed assets at end of previous financial year (FA0) | 47,807,151 | | | | |
| Fixed assets at end of current financial year (FA1) | 58,774,792 | | | | |
| Adjusted net working capital at end of previous financial year (ANWC0) | 825,760 | | | | |
| Adjusted net working capital at end of current financial year (ANWC1) | 898,845 | | | | |
| Average total funds employed (ATFE) | 54,153,278 | c | | | 54,153,278 |
| Total equity at end of previous financial year (TE0) | 41,073,046 | | | | |
| Total equity at end of current financial year (TE1) | 51,954,826 | | | | |
| Average total equity | 46,513,936 | k | | 46,513,936 | |
| VUC at end of previous financial year (VUC0) | 0 | | | | |
| VUC at end of current financial year (VUC1) | 0 | | | | |
| Average total works under construction | 0 | e | deduct | deduct | deduct |
| Revaluations | 0 | f | | | |
| Half of revaluations | 0 | f/2 | | | |
| 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 | add | | |
| 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 | | |
| System fixed assets at end of previous financial year at book value (SFA({BV0})) | 46,386,756 | | | | |
| System fixed assets at end of current financial year at book value (SFA({BV1})) | 57,327,502 | | | | |
| Average value of system fixed assets at book value | 52,357,129 | f | deduct | 52,357,129 | deduct |
| System fixed assets at year beginning of ODV value (SFAodv0) | 56,540,826 | | | | |
| System fixed assets at end of current financial year at ODV value (SFAodv1) | 58,537,488 | | | | |
| Average value of system fixed assets at ODV value | 57,539,157 | h | add | 57,539,157 | add |
| Denominator | | ROF = (OSBIT(^{NW})100/ATFE(^{NW})) | 1.49 | ROE = (NSAT(^{NW})100/ave TE(^{NW}) | 0.09 | ROI = (OSBIT(^{NW})*100/ATFE(^{NW})) | 0.93 |
- Maximum statutory income tax rate applying to corporate entities.
- Subscript "0" = end of the previous financial year.
- BV = book value.
- ROF = return on funds.
- ROE = return on equity.
- ROI = return on investment.
- ODV = optimised deprival valuation.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 101
Gazette.govt.nz —
NZ Gazette 2005, No 101
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Performance measures for Waipa Networks Limited
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