New Zealand Gazette – 2005 – No. 133

Page 3253

✨ Financial Performance Measures



19 AUGUST 2005

NEW ZEALAND GAZETTE, No. 133

3253

SCHEDULE 1 — PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

DERIVATION TABLE INPUT AND CALCULATIONS SYMBOL IN FORMULA ROF ROE ROI
Operating surplus before interest and income tax from financial statements 2,787,991
Operating surplus before interest and income tax adjusted pursuant to requirement 18 (OSBIT) 2,787,991 a
OSBIT minus 1STI 2,779,312 a 2,779,312 2,779,312
Net surplus after tax from financial statements 701,347 701,347
Net surplus after tax adjusted pursuant to Requirement 18 (NSAT) 701,347 n 18,570 18,570
Amortisation of goodwill and amortisation of other intangibles 0 g add add add
Subvention payment 18,570 s add
Depreciation of SFA at BY (x) 9,378,782
Depreciation of SFA at ODY (y) 9,538,000
ODY depreciation adjustment -159,218 d add -159,218 -159,218
Subvention payment tax adjustment 6,128 s*r 6,128 6,128
Interest tax shield 159,405 r deduct deduct deduct
Revaluations 2,054,461 p add 159,405 4,427
Income tax deduct 554,661 2,054,461
Numerator OSBIT^ADJ = a+g+s+d NSAT^ADJ = n+g+s-r+d OSBIT^ADJ - s-r+d+r+s+d-psr
Fixed assets at end of previous financial year (FA₀) 214,936,390
Fixed assets at end of current financial year (FA₁) 212,548,508
Adjusted net working capital at end of previous financial year (ANWC₀) 180,622
Adjusted net working capital at end of current financial year (ANWC₁) -863,763
Average total funds employed (ATFE) 213,400,878 c 213,400,878 213,400,878
(or requirement 32 time-weighted average)
Total equity at end of previous financial year (TE₀) 208,371,509 208,371,509
Total equity at end of current financial year (TE₁) 208,005,906
Average total equity 208,371,509 k 208,371,509
(or requirement 32 time-weighted average)
WUC at end of previous financial year (WUC₀) 1,281,549
WUC at end of current financial year (WUC₁) 2,708,617
Average total works under construction 1,995,083 c deduct 1,995,083 deduct
(or requirement 32 time-weighted average)
Revaluations 159,405 r
Half of revaluations 79,703 r/2 deduct 79,703


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 133


Gazette.govt.nz — PDF NZ Gazette 2005, No 133




✨ LLM interpretation of page content

💰 Financial and Efficiency Performance Measures for The Power Company Limited (continued from previous page)

💰 Finance & Revenue
Financial Performance, Return on Funds, Return on Equity, Return on Investment, Efficiency Performance, Direct Line Costs, Indirect Line Costs