✨ Financial Performance Measures
22 NOVEMBER 2006
NEW ZEALAND GAZETTE, No. 146
4209
Requirement 15
Derivation of financial performance measures from financial statements
| Derivation Table | Input and Calculations | ROF | ROE | ROI |
|---|---|---|---|---|
| Operating surplus before interest and income tax from financial statements | 60.487 | |||
| Operating surplus before interest and income tax adjusted pursuant to req 18 (OSBIIT) | 60.487 | |||
| Interest on cash, bank balances, and short-term investments (ISTI) | 0 | |||
| OSBIIT minus ISTI | 60.487 | a | 60.487 | 60.487 |
| Net surplus after tax from financial statements | 34.537 | n | 34.537 | |
| Net surplus after tax adjusted pursuant to req 18 (NSAT) | 34.537 | 0 | 0 | |
| Amortisation of goodwill and other intangibles | 0 | q | add | 5.213 |
| Subvention payment | 5,213 | s | add | 5,213 |
| Depreciation of SFA at BV (x) | 22,926 | |||
| Depreciation of SFA at ODV (y) | 20,112 | |||
| ODV depreciation adjustment | 2,814 | d | add | 2,814 |
| Subvention payment tax adjustment | 1,720 | s*t | ||
| Interest tax shield | 967 | q | ||
| Revaluations | 0 | r | ||
| Income tax | 23,019 | p | ||
| Numerator | 68,514 | 40,844 | ||
| OSBIIT^AC- = a + g + s - t + d | NSAT^AC- = n + g + s - s*t + d | |||
| Fixed assets at end of PFY (FA₀) | 718,380 | |||
| Fixed assets at end of CFY (FA₁) | 729,142 | |||
| Adjusted net working capital at end of PFY (ANWC₀) | -18,288 | |||
| Adjusted net working capital at end of CFY (ANWC₁) | -14,044 | |||
| Average total funds employed (ATFE)* | 707,595 | c | 707,595 | |
| Total equity at end of PFY (TE₀) | 609,386 | |||
| Total equity at end of CFY (TE₁) | 618,189 | |||
| Average total equity* | 613,788 | k | 613,788 | |
| WUC at end of PFY (WUC₀) | 8,309 | |||
| WUC at end of CFY (WUC₁) | 9,189 | |||
| Average total works under construction* | 7,749 | e | deduct | 7,749 |
| Revaluations | 0 | r | ||
| Half of revaluations | 0 | r/2 | ||
| Intangible assets at end of PFY (IA₀) | 0 | |||
| Intangible assets at end of CFY (IA₁) | 0 | m | ||
| Average total intangible assets* | ||||
| Subvention payment at end of PFY (S₀) | 10,867 | |||
| Subvention payment at end of CFY (S₁) | 5,213 | |||
| Subvention payment tax adjustment at end of PFY | 3,586 | |||
| Subvention payment tax adjustment at end of CFY | 1,720 | |||
| Average subvention payment & related tax adjustment | 5,387 | v | ||
| SFA at end of PFY at bv (SFA_bv0) - incl land | 693,669 | |||
| SFA at end of CFY at bv (SFA_bv1) - incl land | 701,790 | |||
| Average value of SFA at book value* | 697,730 | f | deduct | 697,730 |
| SFA at year beginning at ODV (SFA_odv0) - incl land | 585,429 | |||
| SFA at end of CFY at ODV (SFA_odv1) - incl land | 591,415 | |||
| Average value of SFA at ODV* | 588,422 | h | add | 588,422 |
| Denominator | 590,539 | 502,118 | ||
| ATFE^SOJ = c - e - f + h | Ave IL^AC- = k - e - m + v - f + h | |||
| Financial Performance Measure: | 11.602 | 8.134 | ||
| ROF = OSBIIT^AC- / ATFE^SOJ x 100 | ROE = NSAT^AC- / ATE^SOJ x 100 |
* = Income tax rate applying to corporate entities. bv = book value. ave = average. odv = optimised deprival 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. * = or requirement 32 time-weighted average. ROI = return on investment. PFY = previous financial year. CFY = current financial year. SFA = system fixed assets
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 146
Gazette.govt.nz —
NZ Gazette 2006, No 146
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Derivation of financial performance measures from financial statements
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