✨ Financial Performance Measures
19 AUGUST 2005
NEW ZEALAND GAZETTE, No. 132
3223
Requirement 15
Derivation of financial performance measures from financial statements
| Derivation Table | Input and Calculations | ROF | ROE | ROI |
|---|---|---|---|---|
| Operating surplus before interest and income tax from financial statements | 47,778 | |||
| Operating surplus before interest and income tax adjusted pursuant to req 18 (OSBIIT) | 47,778 | |||
| Interest on cash, bank balances, and short-term investments (ISTI) | 0 | |||
| OSBIIT minus ISTI | 47,778 a | 47,778 | 47,778 | |
| Net surplus after tax from financial statements | 24,498 n | 24,498 | ||
| Net surplus after tax adjusted pursuant to req 18 (NSAT) | 24,498 | 0 | 0 | 0 |
| Amortisation of goodwill and other intangibles | 10,867 s | add | 10,867 | add |
| Depreciation of SFA at BV (x) | 22,371 | |||
| Depreciation of SFA at ODV (y) | 19,569 | |||
| ODV depreciation adjustment | 2,802 d | add | 2,802 | add |
| Subvention payment tax adjustment | 3,586 s*t | 3,586 | deduct | |
| Interest tax shield | 853 q | deduct | ||
| Revaluations | 0 r | add | ||
| Income tax | 20,695 p | deduct | ||
| Numerator | 61,447 | 34,581 | 36,313 | |
| OSBIIT^ADJ = a + g + s + d | NSAT^ADJ = n + g + s - s*t + d | OSBIIT^ADJ = a + g - q + r + s + d - p - s*t | ||
| Fixed assets at end of PFY (FA₀) | 627,466 | |||
| Fixed assets at end of CFY (FA₁) | 718,380 | |||
| Adjusted net working capital at end of PFY (ANWC₀) | -10,238 | |||
| Adjusted net working capital at end of CFY (ANWC₁) | -18,288 | |||
| Average total funds employed (ATFE)* | 658,660 c | 658,660 | 658,660 | |
| Total equity at end of PFY (TE₀) | 533,108 | |||
| Total equity at end of CFY (TE₁) | 609,386 | |||
| Average total equity* | 571,247 k | 571,247 | ||
| WUC at end of PFY (WUC₀) | 8,211 | |||
| WUC at end of CFY (WUC₁) | 6,309 | |||
| Average total works under construction* | 7,260 e | deduct | 7,260 | deduct |
| Revaluations | 0 r | |||
| Half of revaluations | 0 r/2 | |||
| Intangible assets at end of PFY (IA₀) | 0 | |||
| Intangible assets at end of CFY (IA₁) | 0 | |||
| Average total intangible assets* | 0 m | deduct | 0 | |
| Subvention payment at end of PFY (S₀) | 0 | |||
| Subvention payment at end of CFY (S₁) | 10,867 | |||
| Subvention payment tax adjustment at end of PFY | 0 | |||
| Subvention payment tax adjustment at end of CFY | 3,586 | |||
| Average subvention payment & related tax adjustment | 3,641 v | add | 3,641 | |
| SFA at end of PFY at bv (SFA_bv0) - incl land | 602,961 | |||
| SFA at end of CFY at bv (SFA_bv1) - incl land | 693,669 | |||
| Average value of SFA at book value* | 648,315 f | deduct | 648,315 | deduct |
| SFA at year beginning at ODV (SFA_odv0) - incl land | 580,224 | |||
| SFA at end of CFY at ODV (SFA_odv1) - incl land | 585,429 | |||
| Average value of SFA at ODV* | 582,827 h | add | 582,827 | add |
| Denominator | 585,912 | 502,139 | 585,912 | |
| ATFE^ADJ = c - e - f + h | Ave TE^ADJ = k - e - m + v - f + h | ATFE^ADJ = c - e - ½r - f + h | ||
| Financial Performance Measure: | 10.487 | 6.887 | 6.198 | |
| ROF = OSBIIT^ADJ / ATFE^ADJ x 100 | ROE = NSAT^ADJ / ATFE^ADJ x 100 | ROI = OSBIIT^ADJ / ATFE^ADJ x 100 |
- t = income tax rate applying to corporate entities bv = book value ave = average odv = optimised deprival valuation subscript '0' = end of the previous financial year subscript '1' = end of the current financial year ROF = return on funds ROE = return on equity * = or requirement 32 time-weighted average ROI = return on investment PFY = previous financial year CFY = current financial year SFA = system fixed assets
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 132
Gazette.govt.nz —
NZ Gazette 2005, No 132
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Derivation of financial performance measures from financial statements
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