New Zealand Gazette – 2006 – No. 140

Page 4065

✨ Financial Performance Measures



17 NOVEMBER 2006

NEW ZEALAND GAZETTE, No. 140

4065

Alpine Energy Limited (Lines)

Form for the Derivation of Financial Performance Measures from Financial Statements

Numerator Symbol ROF ROE ROI
Operating surplus before interest and income tax from financial statements 13,379,192 13,146,687 8,299,078 13,146,697
Operating surplus before interest and income tax adjusted pursuant to reg. 18 (S1) 13,379,192 13,146,687 8,299,078 13,146,697
Net surplus after tax adjusted pursuant to regulation 18 (NSAT) 232,945 0 0 0
Amortisation of goodwill and amortisation of other intangibles 8,299,078 0 0 0
Subvention payment 0 0 0 0
Depreciation of SFA at BV (x) 4,195,242 4,195,242 0 0
Depreciation of SFA at ODV (y) 4,195,242 4,195,242 0 0
ODV depreciation adjustment 0 0 0 0
Subvention payment tax adjustment 0 0 0 0
Interest tax shield -76,727 -76,727 -76,727 -76,727
Income tax 5,080,114 5,080,114 5,080,114 5,080,114
NSAT(a) = a + q + s + t + d 87,757,523 87,757,523 87,757,523 87,757,523
OSSBIT(b) = a + q + s + t + d 8,299,078 8,299,078 8,299,078 8,299,078
Average total funds employed (ATFE) c 87,757,523 87,757,523 87,757,523
Fixed assets at end of previous financial year (FA1) 87,270,898 87,270,898 87,270,898 87,270,898
Fixed assets at end of current financial year (FA2) 90,527,205 90,527,205 90,527,205 90,527,205
Adjusted net working capital at end of previous financial year (ANWC1) 1,099,591 1,099,591 1,099,591 1,099,591
Adjusted net working capital at end of current financial year (ANWC2) -1,103,224 -1,103,224 -1,103,224 -1,103,224
Total equity at end of previous financial year (TE1) 73,440,009 73,440,009 73,440,009 73,440,009
Total equity at end of current financial year (TE2) 74,097,320 74,097,320 74,097,320 74,097,320
WUC at end of previous financial year (WUC1) 4,193,936 4,193,936 4,193,936 4,193,936
WUC at end of current financial year (WUC2) 5,280,205 5,280,205 5,280,205 5,280,205
Average total works under construction e 4,736,931 4,736,931 4,736,931
Revaluations 0 0 0 0
Half of revaluations f/2 0 0 0
Intangible assets at end of previous financial year (IA1) 0 0 0 0
Intangible assets at end of current financial year (IA2) 0 0 0 0
Average total intangible asset g 0 0 0
Subvention payment at end of previous financial year (S1) 0 0 0 0
Subvention payment at end of current financial year (S2) 0 0 0 0
Subvention payment tax adjustment at end of previous financial year 0 0 0 0
Subvention payment tax adjustment at end of current financial year 0 0 0 0
Average subvention payment & related tax adjustment h 0 0 0
System fixed assets at end of previous financial year at book value (SFABV1) 83,077,000 83,077,000 83,077,000 83,077,000
System fixed assets at end of current financial year at book value (SFABV2) 85,247,000 85,247,000 85,247,000 85,247,000
Average value of system fixed assets at book value i 84,162,000 84,162,000 84,162,000
System Fixed assets at year beginning at ODV value (SFAODV1) 85,666,845 85,666,845 85,666,845 85,666,845
System Fixed assets at end of current financial year at ODV value (SFAODV2) 88,681,903 88,681,903 88,681,903 88,681,903
Average value of system fixed assets at ODV value j 87,124,224 87,124,224 87,124,224
Denominator
ATFE(a) = c - e - f + h 85,992,817 85,992,817 85,992,817 85,992,817
ROE = NSAT(a) / ATFE(a) x 100 15.29 11.48 9.47 9.47
ROI = OSSBIT(b) / ATFE(a) x 100 9.65 9.65 9.65 9.65

Financial Performance Measures:

  • i.e. maximum statutory income tax rate applying to corporate entities
  • ave = average
  • c = book value
  • e = revaluations
  • f = half of revaluations
  • g = average total intangible asset
  • h = average subvention payment & related tax adjustment
  • i = average value of system fixed assets at book value
  • j = average value of system fixed assets at ODV value
  • k = total equity at end of previous financial year
  • l = total equity at end of current financial year
  • m = WUC at end of previous financial year
  • n = WUC at end of current financial year
  • o = intangible assets at end of previous financial year
  • p = intangible assets at end of current financial year
  • q = subvention payment at end of previous financial year
  • r = subvention payment at end of current financial year
  • s = subvention payment tax adjustment at end of previous financial year
  • t = subvention payment tax adjustment at end of current financial year
  • u = system fixed assets at end of previous financial year at book value
  • v = system fixed assets at end of current financial year at book value
  • w = system fixed assets at year beginning at ODV value
  • x = system fixed assets at end of current financial year at ODV value
  • y = depreciation of SFA at BV
  • z = depreciation of SFA at ODV

Notes:

  • Subscripts "1" = end of the previous financial year
  • Subscripts "2" = end of the current financial year
  • ROF = return on funds
  • ROE = return on equity
  • ROI = return on investment
  • ATFE = average total funds employed
  • NSAT = net surplus after tax
  • OSSBIT = operating surplus before interest and tax
  • SFA = system fixed assets
  • ODV = optimised depreciated value
  • WUC = works under construction
  • ANWC = adjusted net working capital
  • TE = total equity
  • BV = book value
  • FA = fixed assets
  • IA = intangible assets
  • S = subvention payment
  • h = subvention payment & related tax adjustment
  • i = average value of system fixed assets at book value
  • j = average value of system fixed assets at ODV value
  • c = book value
  • e = revaluations
  • f = half of revaluations
  • g = average total intangible asset
  • h = average subvention payment & related tax adjustment
  • i = average value of system fixed assets at book value
  • j = average value of system fixed assets at ODV value
  • k = total equity at end of previous financial year
  • l = total equity at end of current financial year
  • m = WUC at end of previous financial year
  • n = WUC at end of current financial year
  • o = intangible assets at end of previous financial year
  • p = intangible assets at end of current financial year
  • q = subvention payment at end of previous financial year
  • r = subvention payment at end of current financial year
  • s = subvention payment tax adjustment at end of previous financial year
  • t = subvention payment tax adjustment at end of current financial year
  • u = system fixed assets at end of previous financial year at book value
  • v = system fixed assets at end of current financial year at book value
  • w = system fixed assets at year beginning at ODV value
  • x = system fixed assets at end of current financial year at ODV value
  • y = depreciation of SFA at BV
  • z = depreciation of SFA at ODV

LexisNexis



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 140


Gazette.govt.nz — PDF NZ Gazette 2006, No 140




✨ LLM interpretation of page content

🏭 Alpine Energy Limited Network Statistics for 2006 (continued from previous page)

🏭 Trade, Customs & Industry
Network Statistics, Electricity, Alpine Energy Limited, System Length, Transformer Capacity, Maximum Demand, Electricity Supply, Consumers, SAIDI, SAIFI, CAIDI, Financial Performance Measures, ROF, ROE, ROI, Operating Surplus, Net Surplus After Tax, Depreciation, Income Tax, Total Equity, Works Under Construction, Intangible Assets, Subvention Payment, System Fixed Assets