✨ Financial Performance Measures
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Input and Calculations | Symbol in Formula | ROI |
|---|---|---|---|
| Numeration | |||
| Opening surplus before interest and income tax from financial statements (OSBIT) | a | 388,418 | |
| Operating surplus before interest and income tax adjusted pursuant to requirement 18 (OSBIT) | add | b | 16,080 |
| Interest on cash, bank balances, and short-term investments (IST) | add | c | 0 |
| Net surplus after tax from financial statements | add | d | 45,415 |
| Net surplus after tax adjusted pursuant to requirement 18 (NSAT) | add | e | -3,532 |
| Amortisation of goodwill and amortisation of other intangibles | add | f | 0 |
| Subvention payment | add | g | 3,342 |
| Depreciation of SFA at BV (v) | add | h | 3,342 |
| Depreciation of other fixed assets at BV | add | i | 38,490 |
| CV derecognition adjustment | add | j | 0 |
| Subscribed capital adjustment | deduct | k | 0 |
| Revaluations | l | 284,460 |
| Fixed assets at end of previous financial year (FA) | 1,052,090,000 | | |
| Adjusted net working capital at end of previous financial year (ANWC) | 105,165,971 | | |
| Adjusted total funds employed (ATFE) | m | 1,172,396|
| ROE | |
| OSBITADJ = a+b+c+d+e+f+g+h+i-j-k | 852,446 | | |
| NSATADJ = a+b+c+d+e+f+g | 453,845 | | |
| OSBITADJ - n = q-p | -10,422 | | |
| ATFE | 102,217,390 | | |
| ROI = OSBITADJ/ATFE x 100 | 0.83% | | 8.3 |
| Total equity at end of current financial year (TE) | (or requirement 33 time-weighted average) | | 91,178,700|
| Average total equity | | | 90,500 |
| ROE (Return on Equity) | | |
| NSATADJ = a+b+c+d+e+f+g+h+i-j-k | 567,108 | | |
| ATFE | 102,217,390 | | |
| ROE = NSATADJ/ATFE x 100 | 0.56% | | 6.3 |
| Denominator | |
| System fixed assets at end of previous financial year (SFA) | 971,764,824 (average) | | |
| System fixed assets at end of current financial year (SFAc) | 1,040,000,000 (book value) | | |
| Average value of system fixed assets at ODV | 1,041,365,500 (SPAa) | | |
| System break assets at and of previous financial year at book value (SFAbv) | 101,172,224 (average) | | |
| System break assets at and of current financial year at book value (SFACbv) | 102,222,474 | | |
| System fixed assets at ODV beginning of year | 101,867,741 | | |
| Financial Performance Measures | | | |
| ROI = OSBITADJ/ATFEADJ x 100 | 6.7% (ROI at end of the previous financial year, subject to adjustment for changes in the index) | | |
| ROE = NSATADJ/ATFEADJ x 100 | 0.96% (ROE at end of the previous financial year, subject to adjustment) | | 10.57 |
- Note: ROI = return of funds, ROE = return on equity.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 134
Gazette.govt.nz —
NZ Gazette 2005, No 134
✨ LLM interpretation of page content
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Average CAIDI targets for next 5 years
(continued from previous page)
🌾 Primary Industries & ResourcesEnergy, Performance measures, CAIDI, Average targets
💰 Financial Performance Measures Derivation Table
💰 Finance & RevenueFinancial statements, Performance measures, ROI, ROE, Fixed assets, Net surplus, Depreciation