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New Zealand Gazette – 2005 – No. 17

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✨ Financial Performance Disclosure

400

NEW ZEALAND GAZETTE, No. 17

19 JANUARY 2005

THE LINES COMPANY LIMITED-LINE BUSINESS ACTIVITY

Form for the derivation of Financial Performance Measures from Financial Statements-Schedule 1, Part 7

Derivation Table	Input and Calculat.	Symbol in form.	ROF	ROE	ROI
Operating surplus before interest and tax (OSBIIT)	2,582
Interest on cash,bank & short term investments (ISTI)	6
OSBIIT minus ISTI	2,576	a	2,576		2,576
Net surplus after tax from financial statements	568	n		568
Amortised Goodwill	-	g	-	-	-
Subvention Payment	-	s	-	-	-
Depreciation of SFA at BV (x)	2,962
Depreciation of SFA at ODV (y)	2,962
ODV Depreciation adjustment	-	d	-	-	-
Subvention Payment tax adjustment	-	s*t	-	-	-
Interest Tax Shield	572	q			572
Revaluations	16,471	r			16,471
Income Tax	280	p			280
Numerator			2,576	568	18,195
Fixed Assets at Start of Year	78,265
Fixed Assets at Year End	97,495
Net Working Capital at end of previous financial year	(6,161)	c	80,714		80,714
Net Working Capital at end of current financial year	(8,172)
Average Total Funds Employed (ATFE)	80,714
Total Equity at end of previous financial year	41,788
Total Equity at end of current financial year	53,260	k		47,524
Average Total Equity	47,524
Works Under Construction at end of previous year	158
Works Under Construction at end of current year	30	e	94	94	94
Average Total Works Under Construction	94
Revaluations	16,471	r
Half of revaluations	8,236	r/2			8,236
Intangible assets at end of previous financial year	-
Intangible assets at end of current financial year	-	m		-
Average total intangible asset	-
Subvention Payment at end of previous financial year	-
Subvention Payment at end of current financial year	-
Subvention Payment Tax Adjustment previous year	-
Subvention Payment Tax Adjustment current year	-	v		-
Average Subvention payment and tax adjustment	-
System Fixed Assets at end of previous year at BV	77,123
System Fixed Assets at end of current year at BV	96,400	f	86,762	86,762	86,762
Average value of system fixed assets at BV	86,762
System Fixed Assets at year beginning at ODV	77,123
System Fixed Assets at end of current year at ODV	96,400
Average value of system fixed assets at ODV	86,762	h	86,762	86,762	86,762
Denominator			80,620	47,430	72,384
Financial Performance Measure			3.20%	1.20%	25.14%