New Zealand Gazette – 2005 – No. 16

Page 373

✨ Financial Performance Measures



SCHEDULE 1 — PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

DERIVATION TABLE SYMBOL IN FORMULA ROI ROE ROF
a 4,045,648 4,045,648 4,026,000
b 19,648 19,648
Input and Calculations c = a + b 4,065,296 4,026,000
Operating surplus before interest and income tax adjusted pursuant to Requirement 18 (OSBIT) d 1,786,745 1,786,745
Interest on cash, bank balances, and short-term investments (SIT) e = d + c 4,026,000
OSBIT minus SIT f 0
Net surplus after tax from financial statements g 1,786,745 0 add
Net surplus after tax adjusted pursuant to Requirement 18 (NSAT) h = g - f 1,786,745 add 0
Amortisation of goodwill and amortisation of other intangibles i 9,223 9,223
Net surplus of SFA at BV (x) j 7,179,977 9,223 add
Subvention payment k 4,261,820 2,914,377 add
Depreciation of SFA at ODV (y) l 2,914,377 3,044 add
Subvention payment tax adjustment m 3,044
Interest tax shield n 3,044 deduct add
Revaluations o 15,987 50,445,140 deduct
Income tax p 2,190,810 15,987
Numerator NSAT^ADJ = n + g - f ± s ± d 4,707,301 50,445,140
OSBIT^ADJ = a + g - f ± s ± d 55,164,899 OSBIT^ADJ = avg(r+g+s-d)
c 165,600,436
Fixed assets at end of previous financial year (FAp) d 214,956,390
Fixed assets at end of current financial year (FAt) e -1,720,730
Adjusted net working capital at end of previous financial year (ΔNWCt) f 180,622
Adjusted net working capital at end of current financial year (ANWCt) g 189,498,359 (or requirement 32 average)
Average total funds employed (ATFE) h 165,838,611 time-weighted average)
Total equity at end of previous financial year (TEp) i 208,005,906
Total equity at end of current financial year (TEt) j 181,932,259 (or requirement 32 time-weighted average)
Average total equity k 181,750,228
WUC at end of previous financial year (WUCp) l 4,078,111
WUC at end of current financial year (WUCt) m 1,281,549
Average total works under construction n 2,679,830
Revaluations o 2,679,830 (deduct)
Half of revaluations p 25,222,570 (deduct)
r 25,222,570


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VUW Te Waharoa — PDF NZ Gazette 2005, No 16


Gazette.govt.nz — PDF NZ Gazette 2005, No 16




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🏭 Power Company Financial and Efficiency Performance Measures (continued from previous page)

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Electricity, Financial Performance, Efficiency Measures, Power Company