New Zealand Gazette – 2005 – No. 126

Page 3052

✨ Financial Performance Measures



SCHEDULE 1 PART 7.2004 EST OF ACTUAL

FORM FOR THE DESIGNATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table March 2005

Input and Calculations Symbol in formula ROF ROE ROI
Operating surplus before interest and income tax from financial statements 6,070
Operating surplus before interest and income tax for adjusted pursuant to regulation 18 (OSBIT) 6,070
Interest on cash, bank balances, and short-term investments (STI) -303
OSBIT minus STI a 5,767 4,767 4,267
Net surplus after tax from financial statements 4,061
Net surplus after tax adjusted pursuant to regulation 16 (NSAT) b 4,081 4,081
Amortisation of goodwill and amortisation of other intangibles add 0 add 0
Subvention payment add 0 add 0
Depreciation of SFA at BV (X) 5,170
Depreciation of SFA at ODV (y) 5,170
ODV depreciation adjustment d add 0 add
Subvention payment tax adjustment q' deduct 100
Revaluations p 960
Income tax 4,767 4,081 3,878
Numerator OSBIT(^{ADJ}) = a + g + e + d NSAT(^{ADJ}) = b + g + e - q' + d OSBIT(^{ADJ}) = a + g + d + r + s - d - p - n

| Fixed assets at end of previous financial year (FA(_p)) | | 112,644 | | |
| Fixed assets at end of current financial year (FA(_c)) | | 121,568 | | |
| Added net working capital at end of previous financial year (ANWC(_p)) | | 0 | | |
| Adjusted net working capital at end of current financial year (ANWC(_c)) | | -57 | | |
| Average total funds employed (ATFE) | c | 116,856 (for regulation 33 time-weighted average) | 116,856 | |

| Total equity at end of previous financial year (TE(_p)) | | 119,466 | | |
| Total equity at end of current financial year (TE(_c)) | | 123,577 | | |
| Average total equity | k | 121,522 (for regulation 33 time-weighted average) | 121,522 | |

| WUC at end of previous financial year (WUC(_p)) | | 0 | | |
| WUC at end of current financial year (WUC(_c)) | | 0 | | |
| Average total works under construction | e | 0 (for regulation 33 time-weighted average) | deduct | 0 | deduct | 0 |

| Revaluations | | 0 | | |
| Half of revaluations | | 0 | | |
| Intangible assets at end of previous financial year (IA(_p)) | | 0 | | |
| Intangible assets at end of current financial year (IA(_c)) | | 0 | | |
| Average total intangible asset | m | 0 (for regulation 33 time-weighted average) | add | 0 | |

| Subvention payment at end of previous financial year (S(_p)) | | 0 | | |
| Subvention payment at end of current financial year (S(_c)) | | 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 | v | 0 | | |

| System fixed assets at end of previous financial year at book value (SFA({BVp})) | | 112,349 | | |
| System fixed assets at end of current financial year at book value (SFA({BVc})) | | 120,606 | | |
| Average value of system fixed assets at book value | f | 116,338 (for regulation 33 time-weighted average) | deduct | 116,338 | |

| System Fixed assets at ODV beginning (SFA({ODVp})) | | 112,066 | | |
| System Fixed assets at end of current financial year at ODV value (SFA({ODVc})) | | 120,809 | | |
| Average value of system fixed assets at ODV value | h' | 116,338 (for regulation 33 time-weighted average) | add | 116,338 | |

| Denominator | | ATFE(^{ADJ}) = c - e - f + h' | ATE(^{ADJ}) = k + e + v + h | ATFE(^{ADJ}) = c - e - f + h' |

Financial Performance Measures:

  • ROF = OSBIT(^{ADJ}) / ATFE(^{ADJ}) x 100
    = 4.60

  • ROE = NSAT(^{ADJ}) / ATE(^{ADJ}) x 100
    = 3.36

  • ROI = OSBIT(^{ADJ}) / ATFE(^{ADJ}) x 100
    = 3.32

1 maximum statutory income tax rate applying to corporate entities

Subscripts: p = end of the previous financial year
c = end of the current financial year

ROF = return on funds
ROE = return on equity
ROI = return on investment



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 126


Gazette.govt.nz — PDF NZ Gazette 2005, No 126




✨ LLM interpretation of page content

🏭 MainPower New Zealand Limited Financial Performance (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Return on Funds, Return on Equity, Return on Investment, Efficiency Performance Measures, Direct line costs, Indirect line costs, MainPower, New Zealand