✨ Financial Performance Measures
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
Derivation Table
| Input and Calculations | Symbol in Formula | ROF | ROI |
|---|---|---|---|
| Operating surplus before interest and income tax adjusted pursuant to requirement 18 (OSBIIT) | a | 834,000 | 834,000 |
| Interest on cash, bank balances, and short-term investments (STI) | b | 107,000 | 113,000 |
| OSBIIT minus STI | c | 727,000 | 721,000 |
| Net surplus after tax from equated pursuant to requirement 18 (NSAT) | d | 217,000 | 217,000 |
| Amortisation of knowhow and administration of other intangibles | e | 0 | 0 |
| Amortisation of SFA and of goodwill | f | 0 | 0 |
| Depreciation of SFA at BV (x) | g | 3,243,811 | 3,243,811 |
| Subvention payment | h | 2,120 | 2,120 |
| ODV depreciation adjustment | i | -10,729 | -10,729 |
| Interest tax shield | j | 356,510 | 356,510 |
| Revaluations | k | 0 | 0 |
| Income Tax | l | 0 | 236,610 |
| Fixed assets at end of current financial year (FA) | m | 105,165,063 | 105,165,063 |
| Adjusted net working capital at end of current financial year (ANWC) | n | 5,478,070 | 5,478,070 |
| Average total funds employed (ATFE) | o | 103,862,865 | 103,862,865 |
| Total equity at end of previous financial year (TEO) | p | 64,746,002 | 64,746,002 |
| Average total equity | q | 90,841,001 | 90,841,001 |
| For requirement 33 time-weighted average | r1 | 454,767 | 754,000 |
| For requirement 33 time-weighted average (WUC) | r2 | 1,754,004 | 734,000 |
| WUC at end of current financial year (WUC) | s | 0 | 0 |
| A or average total works under construction | t | 0 | 0 |
| Halftime assets at end of previous financial year | u | 0 | 0 |
| Imaginary assets at end of current financial year | v | 0 | 0 |
| Intangible assets | w | 0 | 0 |
| Sovereign payment tax adjustment at end of previous financial year | x | 0 | 0 |
| Sovereign payment tax adjustment and of current financial year | y | 102,331,020 | 103,545,590 |
| Average sovereign payment & related tax adjustment | z | 103,545,090 | 102,331,402 |
| System fixed assets at end of current financial year at book value (SFAbv) | aa | 102,565,060 | 102,545,590 |
| System fixed assets at end of beginning of ODV value (SFAdov) | ab | 107,222,479 | 102,565,060 |
| System fixed value of system fixed assets at ODV value | ac | 101,864,752 | 101,864,752 |
| Average value of system fixed assets at ODV value | ad | 101,864,752 | 89,458,118 |
| Numerator: | |
| OSBIITADJ = a + b - g + h + i | | 832,731 | 832,731 |
| NSATADJ = d + j + k | | 236,770 | 217,730 |
| OSBITADJ = a - g + h + s | | 667,289 | 667,289 |
| Denominator: | |
| ATFEADJ = o - r + s | | 103,862,865 | 103,852,685 |
| ROF = OSBIITADJ/ATFEADJ x 100 | | 0.80% | |
| ROI = NSATADJ/ATFEADJ x 100 | | | 0.21% |
| ROE Formula | |
| ATEADJ = e + f + g - j - k | | 734,000 | 734,000 |
| XTEEADJ = NSATADJ/ATEADJ x 100 | | | 31.54% |
| ROF Optimised Deprival Valuation: | |
| ROT = OSBITADJ/(AVE SFA DOV + ANWC) x 100 | | 0.70% | 0.70% |
| ROE = NSATADJ/ATEADJ x 100 | | | 27.91% |
Electra Limited - Disclosure 2006
- Maximum statutory income tax rate applying to corporate entities.
- Return on equity. ROI = return on funds.
- ROF = return on investment.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 124
Gazette.govt.nz —
NZ Gazette 2006, No 124
✨ LLM interpretation of page content
💰 Derivation of Financial Performance Measures
💰 Finance & RevenueFinancial Performance, ROF, ROI, Operating Surplus, Net Surplus, Depreciation, Assets, Equity, Tax Adjustments