✨ Financial Performance Measures
18 JANUARY 2005
NEW ZEALAND GAZETTE, No. 14
325
Buller Electricity Limited
Line Business Performance Measures
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Input and Calculation | Symbol in formulae | ROF | ROE | ROI |
|---|---|---|---|---|---|
| Operating surplus before interest and income tax from financial statements | 1,245 | ||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) | 1,248 | ||||
| Interest on cash, bank balances, and short-term investments (ISTI) | 113 | ||||
| OSBIT minus ISTI | 1,134 | a | 1,134 | 1,134 | |
| Net Surplus after tax from financial statements | 847 | ||||
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | 847 | n | 847 | ||
| Amortisation of goodwill and amortisation of other intangibles | 323 | g | add | add | add |
| Subvention payment | 323 | e | add | add | add |
| ODV depreciation adjustment | - | d | add | - | add |
| Subvention payment tax adjustment | - | s*t | - | deduct | - |
| Interest tax shield | (16) | q | - | - | (16) |
| Revaluations | - | r | add | add | - |
| Income tax | 335 | p | deduct | ||
| Numerator | OSBIT^a+g+e+d | 1,134 | NSAT^n+g+e+s*t+q | 847 |
| | | | | | |
| Fixed asset at end of previous year (FA₀) | 13,729 | | | | |
| Fixed assets at end of current financial year (FA₁) | 19,681 | | | | |
| Adjusted net working capital at end of previous financial year (ANWC₀) | (88) | | | | |
| Adjusted net working capital at end of current financial year (ANWC₁) | 97 | | | | |
| Average total funds employed (ATFE) | 16,709 | c | 16,709 | | 16,709 |
| Total equity at end of previous financial year (TE₀) | 17,829 | | | | |
| Total equity at end of current financial year (TE₁) | 18,933 | | | | |
| Average total equity | 18,281 | k | | 18,281 | |
| WUC at end of previous financial year (WUC₀) | - | | | | |
| WUC at end of current financial year (WUC₁) | - | | | | |
| Average total works under construction | - | e | deduct | deduct | |
| Revaluations | | r | | | |
| Half of revaluations | | r/2 | | deduct | |
| Intangible assets at end of previous financial year (IA₀) | - | | | | |
| Intangible assets at end of current financial year (IA₁) | - | | | | |
| Average total intangible asset | - | m | | add | - |
| Subvention payment at end of previous financial year (S₀) | - | | | | |
| Subvention payment at end of current financial year (S₁) | - | | | | |
| Subvention payment tax adjustment at end of previous financial year | - | | | | |
| Subvention payment tax adjustment at end of current financial year | - | | | | |
| Average subvention payment and related tax adjustment | - | v | | add | |
| System fixed assets at end of previous year at book value (SFA_bv0) | 13,140 | | | | |
| System fixed assets at end of current financial year at book value (SFA_bv1) | 17,397 | | | | |
| Average value of system fixed assets at book value | 15,268 | f | deduct | 15,268 | 15,268 |
| System fixed assets at year beginning at ODV value (SFA_odv0) | 13,140 | | | | |
| System fixed assets at end of current financial year at ODV value (SFA_odv1) | 17,397 | | | | |
| Average value of system fixed assets at ODV value | 15,268 | h | | 15,268 | |
| Denominator | | ATFE^c-e+f-h | 16,709 | Avg TE^k+m-v | 18,281 | ATFE^c-e+f | 16,709 |
Financial performance measure
| ROF (Return on Funds) | 6.79% |
| ROE (Return on Equity) | 4.63% |
| ROI (Return on Investment) | 4.88% |
- (1 = ) maximum statutory income tax rate applying to corporate entities, bv = book value, ave = average, odv = optimised deprival valuation
subscript “0” = end of previous financial year, subscript “1” = end of current financial year
ROF = return on funds, ROE = return on equity, ROI = return on investment, * = or requirement 32 - time weighted average
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 14
Gazette.govt.nz —
NZ Gazette 2005, No 14
✨ LLM interpretation of page content
🏭
Buller Electricity Limited Line Business Performance Measures
(continued from previous page)
🏭 Trade, Customs & IndustryPerformance Measures, Energy Delivery, Electricity Supply, Customer Data, Buller Electricity Limited