✨ Financial Performance Measures
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Symbol | Formula | Input and Calculations |
|---|---|---|---|
| Operating surplus before interest and income tax from financial statements | 10,885 | ||
| Operating surplus before interest and income tax excluding revaluations of SFA at DV and short-term investments (OSBITT) | a | 10,585 | |
| Interest on cash, bank balances, and short-term investments (ISTI) | b | 198 | |
| Net surplus after tax from financial statements | 10,689 | ||
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | c | 10,689 | |
| Amortisation of goodwill and amortisation of other intangibles | d | 8,276 | |
| Straight line depreciation | e | 0 | |
| Depreciation of SFA at BV (x) | f | 3,631 | |
| Depreciation adjustment | g | 0 | add |
| COV Depreciation adjustment | h | 0 | add |
| Subvention payment tax adjustment | i | 0 | add |
| Interest payable shield | j | 0 | deduct |
| Revaluations | k | 455 | |
| Income Tax | l | 2,609 | |
| Numerator | |||
| Fixed assets at end of previous financial year (FAp) | 145,393 | ||
| Fixed assets at end of current financial year (FAc) | 145,393 | ||
| Adjusted net working capital at end of previous financial year (ANWCp) | -21 | ||
| Adjusted net working capital at end of current financial year (ANWCc) | 845 | ||
| Average (ANWC) | 145,718 | (or regulation 33 time-weighted average) | |
| Total equity at end of previous financial year (TEp) | 151,072 | ||
| Total equity at end of current financial year (TEc) | 153,283 | ||
| Average Total Equity (ATE) | 153,163 | (or regulation 33 time-weighted average) | |
| WUC at end of previous financial year (WUCp) | 1,084 | ||
| WUC at end of current financial year (WUCc) | 658 | ||
| Average WUC | 858 | (or regulation 33 time-weighted average) |
Performance Measures
Return on Funds (ROF)
OSBITT^(a,b) = a + b
OSBITT^(a,b) = 10,585 + 198 = 10,689
OSBITT^(a,b,l) = a + b - l
OSBITT^(a,b,l) = 10,689 - 2,609 = 8,080
NSAT^(c) = c
NSAT = 10,689
Return on Equity (ROE)
NSAT^(c,d) = c - d
NSAT^(c,d) = 10,689 - 8,276 = 2,413
OSBITT^(a,b) = 10,689
Return on Investment (ROI)
OSBITT^(a,b) = a + b
OSBITT^(a,b) = 10,585 + 198 = 10,689
OSBITT^(a,b,g,h,i,j,k) = a + b + g + h + i - j - k
OSBITT^(a,b,g,h,i,j,k) = 10,585 + 198 + 0 + 0 + 0 - 0 - 455 = 10,328
Formulas:
ROF = OSBITT^(a,b,l) / (ATE + ANWC)
= 8,080 / (153,163 + 145,718)
= 0.0269 (or 2.69%)
ROE = NSAT^(c,d) / ATE
= 2,413 / 153,163
= 0.0158 (or 1.58%)
ROI = OSBITT^(a,b,g,h,i,j,k) / (ATE + ANWC)
= 10,328 / (153,163 + 145,718)
= 0.0344 (or 3.44%)
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 116
Gazette.govt.nz —
NZ Gazette 2005, No 116
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Disclosure of Reliability Performance Measures under Electricity Information Disclosure Requirements
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