New Zealand Gazette – 2005 – No. 16

Page 374

✨ Financial Performance Measures



374

NEW ZEALAND GAZETTE, No. 16

18 JANUARY 2005

DERIVATION TABLE

INPUT AND CALCULATIONS SYMBOL IN FORMULA ROF ROE ROI
Intangible assets at end of previous financial year (IA₀) 0
Intangible assets at end of current financial year (IA₁) 0
Average total intangible asset deduct 0
Subvention payment at end of previous financial year (S₀)
Subvention payment at end of current financial year (S₁) 2,236
Subvention payment tax adjustment at end of previous financial year 9,223
Subvention payment tax adjustment at end of current financial year 3,044
Average subvention payment and related tax adjustment 3,839 add 3,839
System fixed assets at end of previous financial year at BV (SFA₀₋ᵥ) 160,531,061
System fixed assets at end of current financial year at BV (SFA₁₋ᵥ) 186,565,232 deduct 186,565,232
Average value of system fixed assets at BV 152,432,908 f deduct
System Fixed assets at year beginning at ODV value (SFA₀₋ₒ) 212,599,403
System Fixed assets at end of current financial year at ODV value (SFA₁₋ₒ) 217,278,000
Average value of system fixed assets at ODV value 185,855,454 h add 184,855,454
Denominator
Financial Performance Measure ROF: OSBIT = ATFE^ADJ / ATFE^INV x 100 ROE: NSAT^ADJ / ATE^ADJ x 100 ROI: OSBIT^ADJ / ATFE^INV x 100
ATFE^ADJ = c - e - f + h Ave TE^ADJ = k - e - m + v - f + h ATFE^ADJ = c - e - f + h
185,108,751 3.75 159,886,181
2.65 34.52

Note:

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

ROE = return on equity

ROI = return on investment



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2005, No 16


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




✨ LLM interpretation of page content

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

🏭 Trade, Customs & Industry
Electricity, Financial Performance, Efficiency Measures, Power Company, ROF, ROE, ROI