✨ Financial Performance Measures
178
NEW ZEALAND GAZETTE, No. 8
17 JANUARY 2005
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 | 3,146 | ||||
| Operating surplus before interest and income tax adjusted pursuant to requirement 18 (OSBIIT) | 3,146 | a | 3,078 | 3,078 | |
| Interest on cash, bank balances, and short-term investments (ISTI) | 68 | ||||
| OSBIIT minus ISTI | 3,078 | ||||
| Net surplus after tax from financial statements | 2,200 | n | 2,200 | ||
| Net surplus after tax adjusted pursuant to requirement 18 (NSAT) | 2,200 | ||||
| Amortisation of goodwill and amortisation of other intangibles | - | g | add | 0 | add |
| Subvention payment | - | s | add | 0 | add |
| Depreciation of SFA at BV (x) | 566 | ||||
| Depreciation of SFA at ODV (y) | 720 | ||||
| ODV depreciation adjustment | (154) | d | add | -154 | add |
| Subvention payment tax adjustment | - | s*t | deduct | ||
| Interest tax shield | 6 | q | deduct | ||
| Revaluations | 6,189 | r | add | ||
| Income tax | 860 | p | deduct | ||
| 2,924 | 2,046 | ||||
| OSBIIT^ADJ = a + g + s + d | NSAT^ADJ = n + g + s - s*t + d | ||||
| Numerator | |||||
| Fixed assets at end of previous financial year (FA₀) | 14,378 | ||||
| Fixed assets at end of current financial year (FA₁) | 14,994 | ||||
| Adjusted net working capital at end of previous financial year (ANWC₀) | 254 | ||||
| Adjusted net working capital at end of current financial year (ANWC₁) | 97 | ||||
| Average total funds employed (ATFE) | 14,862 | c | 14,862 | 14,862 | |
| Total equity at end of previous financial year (TE₀) | 14,603 | ||||
| Total equity at end of current financial year (TE₁) | 14,903 | ||||
| Average total equity | 14,753 | k | 14,753 | ||
| WUC at end of previous financial year (WUC₀) | 107 | ||||
| WUC at end of current financial year (WUC₁) | 518 | ||||
| Average total works under construction | 313 | e | deduct | 313 | deduct |
| Revaluations | 6,189 | r | |||
| Half of revaluations | 3,095 | r/2 | deduct | ||
| Average total intangible asset | m | ||||
| Intangible assets at end of previous financial year (IA₀) | - | ||||
| Intangible assets at end of current financial year (IA₁) | - | ||||
| 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 & related tax adjustment | v | ||||
| System fixed assets at end of previous financial year at book value (SFA_bv,0) | 13,547 | ||||
| System fixed assets at end of current financial year at book value (SFA_bv,1) | 13,445 | ||||
| Average value of system fixed assets at book value | 13,496 | f | deduct | 13,445 | deduct |
| System Fixed assets at year beginning at ODV value (SFA_odv,0) | 19,393 | ||||
| System Fixed assets at end of current financial year at ODV value (SFA_odv,1) | 16,462 | ||||
| Average value of system fixed assets at ODV value | 17,927 | h | add | 16,462 | add |
| Denominator | 17,566 | 17,457 | 14,471 | ||
| Financial Performance Measure: | 18.6 | 11.7 | 57.0 | ||
| ROF = OSBIIT^ADJ/ATFE^ADJ x 100 | ROE = NSAT^ADJ/ATE^ADJ x 100 | ROI = OSBIIT^ADJ/ATFE^ADJ x 100 |
1 = maximum statutory income tax rate applying to corporate entities
bv = book value
ave = average
odv = optimised deprval valuation
subscript '0' = end of the previous 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 —
NZ Gazette 2005, No 8
Gazette.govt.nz —
NZ Gazette 2005, No 8
✨ LLM interpretation of page content
💰
Schedule 1, Part 2 Financial Statements
(continued from previous page)
💰 Finance & RevenueFinancial statements, Operating surplus, Net surplus, Assets, Liabilities, Equity, Revaluations, Depreciation, Tax adjustments