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New Zealand Gazette – 2006 – No. 135

Page 3916

✨ Financial Performance Measures

3916

PUBLISHED BY THE
DEPARTMENT OF INTERNAL AFFAIRS
PRINTED BY WICKLIFFE LIMITED

NEW ZEALAND GAZETTE, No. 135

14 NOVEMBER 2006

ISSN 0111-5650

Price $5.00 (inc. GST)

Financial Performance Measure:	Input & calculations	Symbol in formula	ROF	ROE	ROI
Average total funds employed (ATFE)	Fixed Assets at end of previous financial year (FA0)		202,731
	Fixed Assets at end of current financial year (FA1)		223,025
	Adjusted Net Working Capital at end of previous financial year (ANWC0)		(17,607)
	Adjusted Net Working Capital at end of current financial year (ANWC1)		(20,260)
	= (FA0 + FA1 + ANWC0 + ANWC1) / 2	c	193,944	160,073	193,944
Average total equity	Total Equity at end of previous financial year (TE0)		154,904
	Total Equity at end of current financial year (TE1)		165,242
	= (TE0 + TE1) / 2	k		160,073
Average total Works under construction	Works under construction at end of previous financial year (WUC0)		6,060
	Works under construction at end of current financial year (WUC1)		7,954
	= (WUC0 + WUC1) / 2	e	7,007	7,007	7,007
Revaluations		r/2	= r/2
Half of revaluations
Average Total Intangible asset	Intangible assets at end of previous financial year (IA0)
	Intangible assets at end of current financial year (IA1)
	= (IA0 + IA1) / 2	m
Subvention payment & related tax adjustment	Subvention payment for previous financial year (S0)
	Subvention payment current financial year (S1)
	Subvention payment tax adjustment for previous financial year
	Subvention payment tax adjustment for current financial year
	Average subvention payment & related tax adjustment	v	= S0 * t
			= S1 * t
			= [(S0 + S1)(1 - t)] / 2
System Fixed assets at end of previous financial year at book value (SFAbv0)			193,632
System Fixed assets at end of current financial year at book value (SFAbv1)			211,044
Average value of system fixed assets at book value	= (SFAbv0 + SFAbv1) / 2	f	202,338	202,338	202,338
System Fixed assets at end of previous financial year at ODV value (SFAodv0)			198,114
System Fixed assets at end of current financial year at ODV value (SFAodv1)			215,410
Average value of system fixed assets at ODV value	= (SFAodv0 + SFAodv1) / 2	h	206,762	206,762	206,762
Denominator (as adjusted)			191,361	157,490	191,361
			6.6%	9.9%	6.6%

Key:

t = maximum statutory income tax rate applying to corporate entities
bv = book value, ave = average
odv = optimised deprival valuation subscriber (v) = 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