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New Zealand Gazette – 2005 – No. 149

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✨ Financial Performance Measures

3654

NEW ZEALAND GAZETTE, No. 149

31 AUGUST 2005

SCHEDULE 1 - PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table	Input and Calculations	Symbol in formula	ROF	ROE	ROI
Operating surplus before interest and income tax from financial statements	8,807,065	a	8,807,065	8,807,065	8,807,065
Operating surplus before interest and income tax adjusted pursuant to requirement 18 (OSBIT)	8,855,316	n	8,855,316	8,855,316	8,855,316
Interest on cash, bank balances, and short-term investments (IST)	3,625,630	g	3,625,630	3,625,630	3,625,630
OSBIT minus IST	5,229,686	d	5,229,686	5,229,686	5,229,686
Net surplus after tax from financial statements (NSAT)	3,525,359	s	3,525,359	3,525,359	3,525,359
Amortisation of goodwill and amortisation of other intangibles	2,632,407	q	2,632,407	2,632,407	2,632,407
Subvention payment	0	t	0	0	0
Depreciation of SFA at BV (x)	2,209,063	i	2,209,063	2,209,063	2,209,063
OGV depreciation adjustment	0	s¹	0	0	0
Subvention payment tax adjustment	0	j	0	0	0
Interest tax shield	328,539	k	328,539	328,539	328,539
Revaluations	980,056	l	980,056	980,056	980,056
Income tax	2,209,063	m	2,209,063	2,209,063	2,209,063
Numerator	n = a + g + s + d + i - j + k - l + m	5,655,316	5,655,316	5,655,316	5,655,316
	OSBIT extsuperscript{ADJ} = a + g + s + d	3,625,630	3,625,630	3,625,630	3,625,630
Fixed assets at end of previous financial year (FAp)	77,703,886	o	77,703,886	77,703,886	77,703,886
Fixed assets at end of current financial year (FAc)	84,370,647	p	84,370,647	84,370,647	84,370,647
Adjusted net working capital at end of previous financial year (ANWCp)	34,378,644	q	34,378,644	34,378,644	34,378,644
Adjusted net working capital at end of current financial year (ANWCc)	42,489,697	r	42,489,697	42,489,697	42,489,697
Average total funds employed (ATFE)	r = o + p + q	151,863,358	151,863,358	151,863,358	151,863,358
	NSAT extsuperscript{ADJ} = n ÷ r	3.862% 890	3.862% 890	3.862% 890	3.862% 890
Total equity at end of previous financial year (TEp)	85,993,056	s	85,993,056	85,993,056	85,993,056
Total equity at end of current financial year (TEc)	87,979,914	t	87,979,914	87,979,914	87,979,914
Average total equity	t = (s + u) ÷ 2 (or requirement 32 time-weighted average)	86,986,485	86,986,485	86,986,485	86,986,485
	ROE	6.5% 895	6.5% 895	6.5% 895	6.5% 895
WUC at end of previous financial year (WUCp)	32,489,529	v	32,489,529	32,489,529	32,489,529
WUC at end of current financial year (WUCc)	34,388,937	w	34,388,937	34,388,937	34,388,937
Average WUC	x = (v + w) ÷ 2 (or requirement 32 time-weighted average)	33,439,233	33,439,233	33,439,233	33,439,233