✨ Financial Performance Measures
MEASURES FROM FINANCIAL STATEMENTS - YEAR ENDED 31 MARCH 2005
NETWORK WAITAKI LIMITED BUSINESS DERIVATION TABLE
| Import and Calculation |
Symbol |
ROI |
ROE |
| Operating surplus before interest and income tax from financial statements |
OSBIT |
462,282 |
462,282 |
| Interest on cash, bank balances, and short-term investments (IST) |
|
343,259 |
343,259 |
| OSBIT minus IST |
|
108,547 |
108,547 |
| Net surplus after tax from financial statements |
NSAT |
323,851 |
323,851 |
| Net surplus after tax adjusted pursuant to regulation 18 (NSATD) |
|
343,259 |
343,259 |
| Amortisation of goodwill and amortisation of other intangibles |
|
0 |
0 |
| Subvention payment |
|
2,025,466 |
2,025,466 |
| Depreciation of PPE at BV (a) |
|
(482) |
(482) |
| ODN depreciation adjustment |
|
0 |
482 |
| Subvention payment tax shield |
|
196,447 |
741,288 |
| Revaluations |
|
0 |
0 |
| Income tax |
|
711,379 |
0 |
Numerator
|
|
Formula |
OSBITADJ = b + g + i - k |
NSATADJ = n + g + i - k + r |
|
| a |
Plan, Property & Equipment at end of previous financial year (FA0) |
|
46,323,588 |
491,500 |
|
| b |
Adjusted net working capital at end of previous financial year (ANWC0) |
|
46,263,951 |
|
|
| c |
Average total assets employed at end of previous financial year (ATRE) |
|
(220,277) |
|
|
| d |
Average net working capital employed (ANWC) |
|
51,233,389 |
|
|
| e |
Total equity at end of current financial year (TE1) |
|
51,656,057 |
|
|
| f |
Average equity |
|
398,685 |
|
|
| g |
WUC at end of current financial year (WUC1) |
|
643,747 |
|
|
| h |
WUC at end of previous financial year (WUC0) |
|
896,796 |
|
|
| i |
Revaluations |
|
0 |
|
|
| j |
Half of revaluations |
|
|
|
|
| k |
Intangible assets at end of previous financial year (IA0) |
|
|
|
|
| l |
Average total intangible asset |
|
|
|
|
| m |
Surplus returned at end of current financial year (S1) |
|
|
|
|
| n |
Surplus payment tax adjustment at end of previous financial year |
|
|
342,775 |
|
| o |
Correction payment and related tax adjustment |
|
|
0 |
|
| p |
Average subvention payment at start of current financial year |
|
|
44,894 |
|
| r |
System Plant, Property & Equipment at end of current financial year at book value (SFABV1) |
|
|
46,589,320 |
|
| s |
System Plant, Property & Equipment at end of previous financial year at book value (SFABV0) |
|
|
51,495,027 |
|
| t |
System value of system plant, property & equipment at ODV value (SPAODV1) |
|
|
643,747 |
|
| u |
System value of system plant, property at ODV value (SPAODV0) |
|
|
0 |
|
| v |
System Plant, Property & Equipment at year beginning at ODV value (SFAODV0) |
|
|
45,801,743 |
|
| f1 |
System Plant, Property & Equipment at end of current financial year at ODV value (SFAODV1) |
|
|
45,672,651 |
|
Denominator
| Financial Performance Measure: |
Formula |
Value |
| ROI = OSBITADJ/ATEFAADJ x 100 |
OSBITADJ = 486,282 + 0 + 482 - 0 |
349.7% |
| ROE = NSATADJ/ATEADJ x 100 |
NSATADJ = 342,775 + 0 + 0 + 44,894 - 0 |
6.68% |
|
ATEFAADJ = c - e - i + j |
45,672,651 |
|
ATEADJ = o + q - t + v - f |
50,220,088 |
|
ROI formula explanation |
Optimised deprival valuation |
| ROI = return on investment |
OSBITADJ/ATEFAADJ x 100 |
Subscript '0' = end of previous financial year |
| ROE = return on equity |
NSATADJ/ATEADJ x 100 |
Subscript '1' = end of the current financial year |
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Financial Performance Measures for Network Waitaki Limited Lines Business
(continued from previous page)
💰 Finance & Revenue
Financial Performance, Accounting Returns, Efficiency Measures, Energy Delivery
NZ Gazette 2005, No 206