New Zealand Gazette – 2005 – No. 144

Page 3529

✨ Financial Performance Measures



29 AUGUST 2005

NEW ZEALAND GAZETTE, No. 144

3529

Alpine Energy Limited (Lines)

Form for the Derivation of Financial Performance Measures from Financial Statements

Numerator Symbol ROF ROI
Operating surplus before interest and income tax from financial statements 10,379,286 10,010,933 10,010,933
Operating surplus before interest and income tax adjusted pursuant to regulation 18 10,379,286 10,010,933 10,010,933
Interest on cash, bank balances, and short-term investments (ISTI) 368,353 0 0
OSBIT minus ISTI 10,010,933 10,010,933 10,010,933
Net surplus after tax from financial statements 6,193,080 6,193,080 6,193,080
Net surplus after tax adjusted pursuant to regulation 18 (NSAT) 6,193,080 6,193,080 6,193,080
Amortisation of goodwill and amortisation of other intangibles 0 0 0
Subvention payment 3,610,155 3,610,155 3,610,155
Depreciation of SFA at BV (x) 0 0 0
Depreciation of SFA at ODV (y) 0 0 0
ODV depreciation payment adjustment 0 0 0
Subvention payment tax adjustment 0 0 0
Interest tax shield -121,556 -121,556 -121,556
Revaluations 0 0 0
Income tax 4,186,206 4,186,206 4,186,206
Fixed assets at end of previous financial year (FAt-1) 80,674,714 83,086,053 83,086,053
Fixed assets at end of current financial year (FAt) 87,270,656 73,639,629 73,639,629
Adjusted net working capital at end of previous financial year (ANWCt-1) -1,099,591 73,440,039 73,440,039
Adjusted net working capital at end of current financial year (ANWCt) -713,673 73,639,629 73,639,629
Average total funds employed (ATFE) 83,086,053 73,539,969 73,539,969
Total equity at end of previous financial year (TEt-1) 73,639,629 81,135,500 81,135,500
WUC at end of previous financial year (WUCt-1) 1,460,714 0 0
WUC at end of current financial year (WUCt) 4,193,656 0 0
Average total works under construction 2,837,185 2,837,185 2,837,185
Revaluations 0 0 0
Intangible assets at end of previous financial year (IAt-1) 0 0 0
Intangible assets at end of current financial year (IAt) 0 0 0
Average total intangible asset 0 0 0
Subvention payment at end of previous financial year (St-1) 78,194,000 83,077,000 83,077,000
Subvention payment at end of current financial year (St) 0 81,135,500 81,135,500
Subvention payment tax adjustment at end of previous financial year 0 81,784,000 81,784,000
Subvention payment tax adjustment at end of current financial year 0 85,666,845 85,666,845
System fixed assets at end of previous financial year at book value (SFAbook,t-1) 0 83,725,423 83,725,423
System fixed assets at end of current financial year at book value (SFAbook,t) 0 82,818,791 82,818,791
Average value of system fixed assets at book value 0 83,272,107 83,272,107
System Fixed assets at year beginning at ODV value (SFAODV,t-1) 0 83,725,423 83,725,423
System fixed assets at end of current financial year at ODV value (SFAODV,t) 0 82,818,791 82,818,791
Average value of system fixed assets at ODV value 0 83,272,107 83,272,107
Denominator
Financial Performance Measure:
ROF = OSBITADJ/ATFEADJ x 100 12.09 8.45 7.18
Avg TEADJ = c - s - f + h 82,818,791 73,232,707 82,818,791
ROE = NSATADJ/Avg TEADJ x 100 8.45 8.45 7.18
ROI = NSATADJ/ATFEADJ x 100 7.18 7.18 7.18
OSBITADJ = a + g + s + t + d 8,193,080 8,193,080 8,193,080
NSATADJ = n + g + s + t + d 6,193,080 6,193,080 6,193,080
ATFEADJ = c - s - f + h 83,725,423 83,725,423 83,725,423
Avg TEADJ = c - s - f + h 82,818,791 73,232,707 82,818,791
ROF = return on funds
ROI = return on investment
ROE = return on equity
* = maximum statutory income tax rate applying to corporate entities
bv = book value
odv = optimised deprivial valuation
subscript "t" = end of the current financial year
subscript "t-1" = end of the previous financial year


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VUW Te Waharoa — PDF NZ Gazette 2005, No 144


Gazette.govt.nz — PDF NZ Gazette 2005, No 144




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