✨ Financial Performance Measures
14 DECEMBER 2005
NEW ZEALAND GAZETTE, No. 206
5209
Buller Electricity Limited
Amendments to Information for Disclosure for the 2004/2005 Financial Year
Pursuant to Section 57T of the Commerce Act 1986
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 statements | 672 | ||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) | 672 | ||||
| Interest on cash, bank balances, and short-term investments (IST) | |||||
| OSBIT minus IST | 671 | a | 671 | 671 | |
| Net Surplus after tax from financial statements | 499 | ||||
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | 499 | n | 499 | ||
| Amortisation of goodwill and amortisation of other intangibles | g | add - | add - | add - | |
| Subvention payment | s | add - | add - | add - | |
| Depreciation of SFA at BV (x) | 713 | ||||
| Depreciation of SFA at ODV (y) | 705 | ||||
| ODV depreciation adjustment | 8 | d | add 8 | add 8 | add 8 |
| Subvention payment tax adjustment | s*t | deduct - | deduct - | ||
| Interest tax shield | 69 | q | deduct 69 | ||
| Revaluations | r | add - | |||
| Income tax | -36 | p | deduct (36) | ||
| Numerator | 679 | 507 | 646 | ||
| OSBITADJ=a+g+s+d | NSATADJ=n+g+s+d-s*t+d | BITADJ=a+g-q+r+s+d-p-s*t | |||
| Fixed asset at end of previous year (FA0) | 19,681 | ||||
| Fixed assets at end of current financial year (FA1) | 21,260 | ||||
| Adjusted net working capital at end of previous financial year (ANWC0) | 97 | ||||
| Adjusted net working capital at end of current financial year (ANWC1) | 42 | ||||
| Average total funds employed (ATFE) | 20,539 | c | 20,539 | 20,539 | |
| Total equity at end of previous financial year (TE0) | 18,933 | ||||
| Total equity at end of current financial year (TE1) | 19,431 | ||||
| Average total equity | 19,182 | k | 19,182 | ||
| WUC at end of previous financial year (WUC0) | |||||
| WUC at end of current financial year (WUC1) | |||||
| Average total works under construction | e | deduct - | deduct - | deduct - | |
| Revaluations | r | ||||
| Half of revaluations | r/2 | deduct - | |||
| Intangible assets at end of previous financial year (IA0) | |||||
| Intangible assets of end of current financial year (IA1) | |||||
| Average total intangible asset | m | add - | |||
| Subvention payment at end of previous financial year (S0) | |||||
| Subvention payment at end of current financial year (S1) | |||||
| Subvention payment tax adjustment at end of previous financial year | |||||
| Subvention payment tax adjustment at end of current financial year | |||||
| Average subvention payment and related tax adjustment | v | add - | |||
| System fixed assets at end of previous year at book value (SFABV0) | 18,831 | ||||
| System fixed assets at end of current financial year at book value (SFABV1) | 20,338 | ||||
| Average value of system fixed assets at book value | 19,585 | f | deduct 19,585 | deduct 19,585 | deduct 19,585 |
| System fixed assets at year beginning at ODV value (SFAODV0) | 18,653 | ||||
| System fixed assets at end of current financial year at ODV value (SFAODV1) | 20,129 | ||||
| Average value of system fixed assets at ODV value | 19,391 | h | add 19,391 | add 19,391 | add 19,391 |
| Denominator | 20,345 | 18,988 | 20,345 | ||
| ATFEADJ=c-e-f+h | AveTEADJ=k-e-m+v-f+h | ATFEADJ=c-e-1/2r-f+h | |||
| Financial performance measure | 3.34% | 2.67% | 3.18% | ||
| ROF=OSBITADJ/ATFEADJ x 100 | ROE=NSATADJ/ATEADJ x 100 | ROI=OSBITADJ/ATFEADJ 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 previous financial year subscript '1' = end of current financial year ROF = return on funds ROE = return on equity ROI = return on investment
LexisNexis
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 206
Gazette.govt.nz —
NZ Gazette 2005, No 206
✨ LLM interpretation of page content
🏭 Amendments to Information for Disclosure for the 2004/2005 Financial Year
🏭 Trade, Customs & IndustryFinancial Performance, Buller Electricity, Commerce Act 1986, ROF, ROE, ROI