✨ Financial Performance Measures
DERIVATION TABLE
| SYMBOL | IN FORMULA | |
|---|---|---|
| Financial Performance Measure: | ||
| = maximum statutory income tax rate applying to comparative entities | ||
| = book value | ||
| B/V | = optimised deprival valuation | |
| = end of the previous financial year | ||
| = end of current financial year | ||
| = return on funds | ||
| ROI | = return on equity | |
| ROF | = return on investment |
| | INPUT AND CALCULATIONS |
| |-------------------------------------------|
| a | Surrender payment at end of current financial year (S)
| | 56,738 |
| b | Surrender payment tax adjustment at end of previous financial year
| | 10,642 |
| c | Subvention payment at end of current financial year
| | 55,014 |
| d | Average subvention payment & related tax adjustment
| | 69,651 |
| e | System fixed assets at end of previous financial year at book value (SFAbvy)
| | 45,273,551 |
| f | System fixed assets at end of current financial year at book value (SFAcvy)
| | 45,452,822 |
| | (or requirement 3.2 non-weighted average) |
| g | Average value of system fixed assets at book value
| | 45,363,187 |
| h | System fixed assets at end of current financial year at ODV value (SFAody)
| | 44,494,009 |
| i | System fixed assets at end of previous financial year at ODV value
| | 44,965,063 |
| | (or requirement 3.2 weighted average) |
| j | Average value of system fixed assets at ODV value
| | 45,209,539 |
| ROF | |
|---|---|
| 45,273,551 | |
| add | |
| 45,452,822 - deduct | |
| 44,494,009 | |
| add | |
| 44,965,063 | |
| ROF | = QSDBF^ADJ + A^FTA^d x (1 - t^c) x 1/2 x (SFAbvy + SFAcvy) / 100 |
| = N/A (see note 1) |
| ROE | |
|---|---|
| 45,452,822 - deduct | |
| 44,965,063 | |
| add | |
| 45,209,539 | |
| ROE | = A^TA^DIV = e - c + b |
| = 8.72 |
| ROI | |
|---|---|
| 45,152,822 - deduct | |
| 45,490,000 | |
| add | |
| 44,590,000 | |
| ROI | = (A^TA^DIV = 2 - e - ½ x f) x h |
| = QSDBUP^ADJ / AV x 1/100 | |
| = 8.3% |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 148
Gazette.govt.nz —
NZ Gazette 2006, No 148
✨ LLM interpretation of page content
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Financial Statements of Electricity Invercargill Limited Line Business
(continued from previous page)
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