Electricity Financial Performance




18 JANUARY 2005

NEW ZEALAND GAZETTE, No. 15

347

DERIVATION TABLE

INPUT AND CALCULATIONS SYMBOL IN FORMULA ROF ROE ROI
Intangible assets at end of previous financial year (IA₀) 14,572,694
Intangible assets at end of current financial year (IA₁) 13,815,674
Average total intangible asset 14,194,184 m deduct 14,194,184
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
Average subvention payment and related tax adjustment 0 y add 0
System fixed assets at end of previous financial year at BV (SFABV0) 91,116,991
System fixed assets at end of current financial year at BV (SFABV1) 90,999,769
Average value of system fixed assets at BV 91,058,380 f deduct 91,058,380
System Fixed assets at year beginning at ODV value (SFAODV0) 66,709,000
System Fixed assets at end of current financial year at ODV value (SFAODV1) 91,372,000
Average value of system fixed assets at ODV value 79,040,500 h add 79,040,500
Denominator
Financial Performance Measure
80,032,018 81,365,913
A1PEADJ = c-e-f-h Ave TEADJ = k-e-m+v-f-h
6.17 6.08
ROF=ONBITADJ÷A1PEADJ × 100 ROE=NSA1ADJ÷A1PEADJ × 100
67,979,518
ATFEADJ = c-e-½v-f-h
42.72
ROI=ONBITADJ÷ATFEADJ × 100
  • t = maximum statutory income tax rate applying to corporate entities
  • subscript '0' = end of the previous financial year
  • subscript '1' = end of the current financial year
  • BV = book value
  • odv = optimised deprival valuation
  • ROF = return on funds
  • ROI = return on investment
  • ave = average


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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2005, No 15


Gazette.govt.nz PDF NZ Gazette 2005, No 15





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Electricity, Financial Performance, Efficiency Measures, Return on Investment, Direct Line Costs, Indirect Line Costs, Financial Statements