✨ Financial Performance Measures
14 DECEMBER 2005
NEW ZEALAND GAZETTE, No. 206
5211
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 | 4,338,735 | ||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT¹) | 4,338,735 | ||||
| Interest on cash, bank balances, and short-term investments (ISTI) | 4,226 | ||||
| OSBIT minus ISTI | 4,334,509 | a | 4,334,509 | ||
| Net surplus after tax from financial statements | 1,263,059 | ||||
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | 1,263,059 | n | add | 1,253,059 | |
| Amortisation of goodwill and amortisation of other intangibles | 0 | g | add | 0 | add |
| Subvention payment | 0 | s | add | 0 | add |
| Depreciation of SFA at BV (y) | 3,754,700 | ||||
| Depreciation of SFA at ODV (y) | 3,754,700 | d | add | 0 | add |
| ODV depreciation adjustment | 0 | ||||
| Subvention payment tax adjustment | 0 | s¹ | |||
| Interest tax shield | 344,244 | r | deduct | 344,244 | |
| Revaluations | 0 | r | |||
| Income tax | 2,042,512 | p | deduct | ||
| Numerator: | OSBIT² = a + g + s + d | 4,334,509 | NSAT² = n + g + s - s¹ + d | 1,253,059 | |
| Fixed assets at end of previous financial year (FAₚ) | 110,035,713 | ||||
| Fixed assets at end of current financial year (FAₑ) | 114,502,757 | ||||
| Adjusted net working capital at end of previous financial year (ANWCₚ) | 2,051,053 | ||||
| Adjusted net working capital at end of current financial year (ANWCₑ) | 2,415,559 | ||||
| Average total funds employed (ATFE) | 114,502,841 | c | 114,502,841 | ||
| Total equity at end of previous financial year (TEₚ) | 85,758,098 | ||||
| Total equity at end of current financial year (TEₑ) | 85,060,252 | ||||
| Average total equity | 84,429,173 | k | 84,429,173 | ||
| WUC at end of previous financial year (WUCₚ) | 735,566 | ||||
| WUC at end of current financial year (WUCₑ) | 803,182 | e | deduct | 769,365 | deduct |
| Revaluations | 0 | r | |||
| Half of revaluations | 0 | r/2 | |||
| Intangible assets at end of previous financial year (IAₚ) | 0 | ||||
| Intangible assets at end of current financial year (IAₑ) | 0 | ||||
| Average total intangible asset | 0 | m | add | 0 | |
| Subvention payment at end of previous financial year (Sₚ) | 0 | ||||
| Subvention payment at end of current financial year (Sₑ) | 0 | ||||
| Subvention payment tax adjustment at end of previous financial year | 0 | ||||
| Subvention payment tax adjustment at end of current financial year | 0 | ||||
| Average subvention payment & related tax adjustment | 0 | v | add | ||
| System fixed assets at end of previous financial year at book value (SFAₚᵇ) | 106,541,997 | ||||
| System fixed assets at end of current financial year at book value (SFAₑᵇ) | 110,589,082 | ||||
| Average value of system fixed assets at book value | 108,565,539 | f | deduct | 108,565,539 | deduct |
| System fixed assets at year beginning at ODV value (SFAₚₒ) | 105,769,143 | ||||
| System fixed assets at end of current financial year at ODV value (SFAₑₒ) | 110,048,473 | h | add | 108,707,807 | add |
| Denominator | ATFE³ = c - e - f + h | 113,875,753 | ATFE³ = k - e - m + v + n | 83,662,008 |
Financial Performance Measure:
ROF = OSBIT² / ATFE³ x 100
ROE = NSAT² / ATFE³ x 100
ROI = OSBIT³ / ATFE² x 100
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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
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Derivation of Financial Performance Measures from Financial Statements
(continued from previous page)
💰 Finance & RevenueFinancial Statements, Performance Measures, ROF, ROE, ROI