New Zealand Gazette – 2005 – No. 151

Page 3716

✨ Financial Performance Measures

3716

NEW ZEALAND GAZETTE, No. 151

31 AUGUST 2005

DERIVATION TABLE	INPUT AND CALCULATIONS	SYMBOL IN FORMULA	ROF	ROE	ROI
Intangible assets at end of previous financial year (IA₀)	0	m
Intangible assets at end of current financial year (IA₁)	0
Average total intangible asset	(or requirement 32 time-weighted average)			deduct	0
Subvention payment at end of previous financial year (S₀)	149,836
Subvention payment at end of current financial year (S₁)	32,249
Subvention payment tax adjustment at end of previous financial year	49,446
Subvention payment tax adjustment at end of current financial year	10,642
Average subvention payment and related tax adjustment	60,998	v		add	60,998
System fixed assets at end of previous financial year at BV (SFA₀)	45,650,855
System fixed assets at end of current financial year at BV (SFA₁)	45,273,551
Average value of system fixed assets at BV	(or requirement 32 time-weighted average)	f	deduct	deduct	45,462,218
System Fixed assets at year beginning of current financial year at ODV value (SFA₀)	45,708,000
System Fixed assets at end of current financial year at ODV value (SFA₁)	45,316,000
Average value of system fixed assets at ODV value	(or requirement 32 time-weighted average)	h	add	add	45,512,000
Denominator
Financial Performance Measure
ROF: OS(BVₐᵥg)/ATF × 100			45,707,552
ROF = c + dJ - k - c.m - n + f + h
ROE + NSATₐᵥg × 100				8.95	8.95
ROF			add	deduct	add
ROE				deduct	add
				60,998	45,512,000
					45,652,240
ROI				deduct	add
	0	0		45,462,218	45,512,000
					ROF = NSATₐᵥg / ATFEₐᵥg × 100
					ATFEₐᵥg = c - e - f + h
					ROI = OS(BVₐᵥg) / ATFEₐᵥg × 100

BV = book value
subscript '1' = end of the current financial year
subscript '0' = end of the previous financial year
ROF = return on funds
ROE = return on equity
ROI = return on investment
odv = optimised deprival valuation
t = maximum statutory income tax rate applying to corporate entities