New Zealand Gazette – 2005 – No. 200

Page 5079

✨ Financial Performance Measures



30 NOVEMBER 2005

NEW ZEALAND GAZETTE, No. 200

5079

30 NOVEMBER 2005

NEW ZEALAND GAZETTE, No. 200

5079

SCHEDULE 1 - PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table Input and Calculations Symbol in formula ROF ROE ROI
Operating surplus before interest and income tax from financial 200,907 200,590 200,590
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) 200,907 a
Interest on cash, bank balances, and short-term investments (ISTI) 317
OSBIT minus ISTI 200,590
Net surplus after tax from financial statements 90,759 n add 90,759 add
Amortisation of goodwill and amortisation of other intangibles 0 s add 0 add
Subvention payment 0
Depreciation of SFA at BV (x) 101,026
Depreciation of SFA at ODV (y) 109,000
ODV depreciation adjustment -7,974 d add -7,974 add
Subvention payment tax adjustment 0 s*t 0 deduct
Interest tax shield 22,909 q deduct
Revaluations 0 r add
Income tax 43,990 p deduct
Numerator 192,616 82,785 125,717
OSBIT^ADJ = a + g + s - d NSAT^ADJ = n + g + s - s*t + d OSBIT^ADJ - a + g - q + r + s + d - p - s*t
Fixed assets at end of previous financial year (FA₀) 2,086,819
Fixed assets at end of current financial year (FA₁) 2,071,103
Adjusted net working capital at end of previous financial year (ANWC₀) 2,072,054 2,072,054
Adjusted net working capital at end of current financial year (ANWC₁) -4,647
Average total funds employed (ATFE) 2,072,054 e
Total equity at end of previous financial year (TE₀) 1,008,027 1,054,443
Total equity at end of current financial year (TE₁) 1,060,859
Average total equity 1,054,443 k
WUC at end of previous financial year (WUC₀) 97,870 106,910 106,910 106,910
WUC at end of current financial year (WUC₁) 115,950
Average total works under construction 106,910 c deduct deduct
Revaluations 0 r
Half of revaluations 0 r/2 0
Intangible assets at end of previous financial year (IA₀) 0 add
Intangible assets at end of current financial year (IA₁) 0
Average total intangible asset 0 m 0
Subvention payment at end of previous financial year (S₀) 0
Subvention payment at end of current financial year (S₁) 0
Subvention payment tax adjustment at end of previous financial year 0 add
Subvention payment tax adjustment at end of current financial year 0
Average subvention payment & related tax adjustment 0 v 0
System fixed assets at end of previous financial year at book value 1,919,000
System fixed assets at end of current financial year at book value 1,899,000
Average value of system fixed assets at book value 1,909,000 f deduct 1,909,000 deduct
System Fixed assets at year beginning at ODV value (SFA₀ODV) 2,026,000
System Fixed assets at end of current financial year at ODV value 1,979,000
Average value of system fixed assets at ODV value 2,002,500 h add 2,002,500 add
Denominator 2,058,644 1,021,053 2,058,644
ATFE^ADJ = c - e - f + h Ave TE^ADJ = k - e - m - v - f + h ATFE^ADJ = c - e - ½r - f + h
Financial Performance Measure: 9.4 8.1 6.1
ROF = OSBIT^ADJ/ATFE^ADJ x 100 ROE = NSAT^ADJ/ATE^ADJ x 100 ROI = OSBIT^ADJ/ATFE^ADJ x 100
  • t = maximum statutory income tax rate applying to corporate entities
  • bv = book value
  • ave = average
  • odv = optimised deprival valuation
  • subscript '0' = end of financial year
  • subscript '1' = end of the current financial year
  • 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 200


Gazette.govt.nz — PDF NZ Gazette 2005, No 200




✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Transpower New Zealand Limited Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Operating Expenditure, Assets, Equity, Transpower Group