New Zealand Gazette – 2005 – No. 138

Page 3350

✨ Financial Performance Measures



3350

NEW ZEALAND GAZETTE, No. 138

23 AUGUST 2005

MARLBOROUGH LINES LIMITED - LINES BUSINESS

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table Calculations Symbol in formula ROF ROE ROI
Operating surplus before interest and income tax from financial statements 3,158
Operating surplus before interest and income tax adjusted pursuant to requirement 18 (OSBIIT) 3,158
Interest on cash, bank balances, and short-term investments (ISTI) 481 a 2,677 2,677
OSBIIT minus ISTI 2,677
Net surplus after tax from financial statements 1,781 n add 1,781 add
Net surplus after tax adjusted pursuant to requirement 18 (NSAT) 1,781 g add 0 add
Amortisation of goodwill and amortisation of other intangibles 0 s add 0 add
Subvention payment 0
Depreciation of SFA at BV (x) 3,889 d add -47 add
Depreciation of SFA at ODV (y) 3,936
ODV depreciation adjustment -47 s*t -47
Subvention payment tax adjustment -158 q 0 deduct
Interest tax shield 0 r 0 add
Revaluations 0
Income tax 1,376 p deduct
Numerator 2,630 1,734 1,412
OSBIIT^ADV = a+g+s+d NSAT^ADV = n+g+s+s*t+d OSBIIT^ADV = a / g-q+r+s+d-p-s*t
Fixed assets at end of previous financial year (FA₀) 114,660
Fixed assets at end of current financial year (FA₁) 116,202
Adjusted net working capital at end of previous financial year (ANWC₀) 325 c
Adjusted net working capital at end of current financial year (ANWC₁) 2,068 116,628 116,628
Average total funds employed (ATFE) 116,628
Total equity at end of previous financial year (TE₀) 115,604
Total equity at end of current financial year (TE₁) 117,235 k 116,420
Average total equity 116,420
WUC at end of previous financial year (WUC₀) 585 e deduct 571 deduct
WUC at end of current financial year (WUC₁) 557 r/2
Average total works under construction 571
Revaluations 0
Half of revaluations 0 m deduct 0
Average total intangible asset 0
Intangible assets at end of previous financial year (IA₀) 0
Intangible assets at end of current financial year (IA₁) 0
Subvention payment at end of previous financial year (S₀) 0
Subvention payment at end of current financial year (S₁) 0
Subvention payment tax adjustment at end of previous financial year 0
Subvention payment tax adjustment at end of current financial year 0 v add 0
Average subvention payment & related tax adjustment 0
System fixed assets at end of previous financial year at book value (SFA_bv0) 108,037
System fixed assets at end of current financial year at book value (SFA_bv1) 108,730 f deduct 108,384 deduct
Average value of system fixed assets at book value 108,384
System Fixed assets at year beginning at ODV value (SFA_odv0) 100,396
System Fixed assets at end of current financial year at ODV value (SFA_odv1) 100,495
Average value of system fixed assets at ODV value 100,445 h add 100,445 add
Denominator 108,118 107,910 108,118
ATFE^ADV = c-e-f+h AveTE^ADV = k-e-m+v- ATFE^ADV = c-e-½r-f+h
Financial Performance Measure: 2.43 1.61 1.31
ROF = OSBIIT^ADV / ATFE^ADV x 100 ROE = NSAT^ADV / ATE^ADV x 100 ROI = OSBIIT^ADV / ATFE^ADV x 100
  • t = maximum statutory 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
  • ROI = return on investment


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 138


Gazette.govt.nz — PDF NZ Gazette 2005, No 138




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🏭 Financial Performance Measures for Marlborough Lines Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Performance Measures, Marlborough Lines, ROF, ROE, ROI