New Zealand Gazette – 2005 – No. 136

Page 3313

✨ Financial Performance Measures



NEW ZEALAND GAZETTE, No. 136

23 AUGUST 2005

3313

Network Waitaki Limited Lines Business

FOR USE IN THE PREPARATION OF FINANCIAL STATEMENTS RESERVES REQUIRED UNDER CLAUSE 3.9 OF THE ELECTRICITY INFORMATION DISCLOSURE REQUIREMENTS FOR THE YEAR ENDED 31 MARCH 2005

Description Symbol ROF ROE ROI
Opening balance (before tax and movements) 185.295 402.392 165.577
Restoration of prior year balances 0.000 0.000 0.000
Non-cash items (IFRS adjustments) 0.000 482.232 462.646
Tax effect on above (where applicable) 0.000 (139.204) 0.000
Net corporate private tax financial statements 0.000 363.028 165.254
Accumulation of profit and movements of Value
adjustments required by the Transpower Deed
(Clause 3.7) 0.000 12.521 0.000
Distribution of RPE (if any) 0.000 (432.474) 0.000
Other adjustments 0.000 165.474 156.442
Solvency adjustments made
(Removals: tax shield) 0.000 74.298 156.442
Closing balance 185.295 865.249 949.361

Notes/Method

  1. First Reconciliation of Statement of Movements Financial Year (FY)
    • Adjusted net working capital and current financial year (FAY)
    • Average total funds employed (ATFE)
    • Tax liability of net deferred tax and provision financial year (Tax)
    • Total equity of net deferred financial year (Eqt)
    • Weighted average cost of capital (WACC)
    • WACC at profit of average financial year (WACC%)
    • Debt portion of financial year (Debt)
Description GSF(B/Y)* GSF(C/Y)** OSB(Y)* ATFE($)
Financial Performance Measures
Opening Balance 45,252,314 45,252,314
Movements in Period 38,466
Adjusted Net Working Capital (ANWC) 51,149,437
Average Total Funds Employed 48,670,745
45,070,715
43,961,789
  1. Calculation of RAB (Regulatory Asset Base)
Description
Average Financial Year 48,123,840
System Fixed Assets 64.747
Average Use of System (UoS) Charges 0.000
Financial Performance Measures ATFE($)
Average financial year assets 45,095,687
Opening Balance 45,901,743
Closing Balance 48,901,743
ROI %
Return on Investment 6.93%
6.62%
6.82%

Financial Performance Measures

  • ATFE (Average Total Funds Employed) is calculated as:

    • ATFE = (GSFA + ANWC) + OSB(Y)* = 48,123,840

  • RAB (Regulatory Asset Base) is the value of the current financial year’s fixed assets:

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

  • Notes:

      • Previous financial year values.
    • ** Current financial year values.
    • RAB value for the current year taken from the financial statements.
    • This is part of the disclosure under Part D of the Commerce Commission’s Electricity Information Disclosure Requirements (EIDR).


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 136


Gazette.govt.nz — PDF NZ Gazette 2005, No 136




✨ LLM interpretation of page content

🏭 Network Waitaki Limited Lines Business Reliability and Performance Measures (continued from previous page)

🏭 Trade, Customs & Industry
Financial Performance, Measures, Electricity, Network