New Zealand Gazette – 2005 – No. 13

Page 298

✨ Financial Performance Measures

Derivation Table	Input and Calculations	ROI	ROE	ROF
Operating surplus before interest and income tax from financial statements	98,267,591
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT)	39,267,591	a
Interest on cash, bank balances, and short-term investments (IST)	608,630
OSEBIT minus IST	98,658,961
Net surplus after tax from financial statements	43,704,710		c
Net surplus after tax adjusted pursuant to regulation 18 (NSAT)	43,704,710
Amortisation of goodwill and amortisation of other intangibles	0	add	add
Subvention payment	0		add
Depreciation of SFA at BV (y)	26,478,081
ODV depreciation adjustment	26,478,081			add
Subvention payment tax adjustment	0
Interest tax shield	11,031,256		deduct
Revaluations	21,523,279		add
Income tax	21,528,201
Numerator		98,658,961		98,658,961
Fixed assets at end of previous financial year (FA₀)	718,931,988
Fixed assets at end of current financial year (FA₁)	925,045,635
Adjusted net working capital at end of previous financial year (ANWC₀)	-1,587,056
Adjusted net working capital at end of current financial year (ANWC₁)	7,071,745
Average total funds employed (ATFE) (or regulation 33 time-weighted average)	817,859,361		g
Total equity at end of previous financial year (TE₀)	442,865,041		k
Total equity at end of current financial year (TE₁)	443,570,350
Average total equity (or regulation 33 time-weighted average)			443,670,360

| ROI Formula: | | 43,704,710 | = 4.8% | | |
| ROE Formula: | | | | = 43,704,710 | |

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Domain🏭 Trade, Customs & Industry
KeywordsFinancial Performance Measures, Operating Surplus, Net Surplus, Fixed Assets, Total Equity

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