✨ Financial Performance Measures
4182
NEW ZEALAND GAZETTE, No. 145
21 NOVEMBER 2006
WESTPOWER LIMITED - LINES BUSINESS
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| e | r | m | y | f | h | ||||
|---|---|---|---|---|---|---|---|---|---|
| Value of revaluations (IP₃ₑ) | Intangible assets at end of previous financial year (IP₄ₑ) | Intangible payments at end of current financial year (IP₅ₑ) | Subvention payment at end of previous financial year (S₁) | Subvention payment at end of current financial year (S₂) | Subvention payment tax adjustment at end of current financial year | Average total fixed assets at book value (SFAᵥₒₗ) | Average value of system fixed assets at book value (SFAₑᵥₒₗ) | System fixed assets at end of current financial year (SFAₑₒₗ) | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| deduct | deduct | deduct | add | deduct | add | load | deduct | add | |
| --- | --- | --- | --- | --- | --- | --- | load | add | deduct |
| --- | --- | --- | --- | --- | --- | --- | load | load | add |
| 68,793 | 70,312 | 73,289 | 703,120 | 703,120 | 73,289 | ||||
|---|---|---|---|---|---|---|---|---|---|
| 88,018 | 868,078 | ||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 74,379 | |||||||||
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 860,674 |
| | | | | | | | 69,770 | | 4.91% |
| | | | | | | | | Denominator | Financial performance measure |
RAB (return on investment)
- I = maximum statutory income tax rate applying to corporate entities
- BV = book value
- ODV = optimised deprival valuation
- RAB = return on investment
- ROF = return on funds
- ROE = return on equity
The formula for calculating RAB is:
RAB = [BV + \frac{(ODV - BV) \times (1 - I)}{(1 + average\ cost\ of\ debt)} ]
Where:
RAB = Regulatory Asset Base
Note: Subscript '1' = end of current financial year; Subscript '0' = end of previous financial year; ave = average; bv = book value; odv = optimised deprival valuation; ROE = return on equity; ROF = return on funds.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 145
Gazette.govt.nz —
NZ Gazette 2006, No 145
✨ LLM interpretation of page content
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Westpower Limited Financial Performance Measures
(continued from previous page)
💰 Finance & RevenueFinancial statements, Operating surplus, Net surplus, Amortisation, Depreciation, Fixed assets, Working capital, Equity