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New Zealand Gazette – 2005 – No. 151

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✨ Financial Performance Measures

31 AUGUST 2005

NEW ZEALAND GAZETTE, No. 151

3715

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

SCHEDULE 1 – PART 7

DERIVATION TABLE	INPUT AND CALCULATIONS	SYMBOL IN FORMULA	ROE	ROI
Operating surplus before interest and income tax from financial statements	5,924,425
Operating surplus before interest and income tax adjusted pursuant to requirement 18 (OSBIT)	5,924,425	a
Interest on cash, bank balances, and short-term investments (ISTI)	140,330
OSBIT minus ISTI	5,784,095			5,784,095
Net surplus after tax from financial statements	4,050,389	n
Net surplus after tax adjusted pursuant to Requirement 18 (NSAT)	4,050,389
Amortisation of goodwill and amortisation of other intangibles	32,249	g	add	add
Depreciation of SFA at BV (x)	1,675,757	s	0	0
Depreciation of SFA at ODV (y)	1,678,000		32,249	32,249
ODV depreciation adjustment	-2,243	d	add	add
Subvention payment tax adjustment	10,642	s*t
Interest tax shield	-46,309	q	deduct	deduct
Revaluations	110,624	p
Income tax	1,874,036		deduct	deduct
Numerator
	OSBIT^ADJ = a + g + s + t + d	5,814,101
	NSAT^ADJ = a + g – c + d	4,069,753
Fixed assets at end of previous financial year (FA₀)	46,295,884
Fixed assets at end of current financial year (FA₁)	46,520,192
Adjusted net working capital at end of previous financial year (ANWC₀)	-276,544
Adjusted net working capital at end of current financial year (ANWC₁)	-370,704
Average total funds employed (ATFE)	46,084,369	e		46,084,369
(or requirement 3.2 time-weighted average)	45,252,805
Total equity at end of previous financial year (TE₀)	46,313,876	k		45,783,340
Total equity at end of current financial year (TE₁)	45,783,340
Average total equity	45,783,340
(or requirement 3.2 time-weighted average)
WUC at end of previous financial year (WUC₀)	126,151
WUC at end of current financial year (WUC₁)	727,049
Average total works under construction	426,600	e	deduct	deduct
(or requirement 3.2 time-weighted average)
Revaluations	110,624	r
Half of revaluations	55,312	r/2		deduct

^ADJ: Adjusted

Note: The formulas and symbols are as defined in the original document. The table structure and alignment reflect the original page layout. All monetary values are in NZD unless otherwise specified.

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