New Zealand Gazette – 2006 – No. 149

Page 4324

✨ Financial Performance Measures



4324

NEW ZEALAND GAZETTE, No. 149

24 NOVEMBER 2006

SCHEDULE 1 - PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table Input and Calculations Symbol in formula ROF ROE ROI
Operating surplus before interest and income tax from financial statements 188,383
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIIT) 188,383
Interest on cash, bank balances, and short-term investments (ISTI) 1,407 a 186,976 186,976
OSBIIT minus ISTI 186,976
Net surplus after tax from financial statements 83,879 n 83,879
Net surplus after tax adjusted pursuant to regulation 18 (NSAT) 83,879
Amortisation of goodwill and amortisation of other intangibles 0 g add 0 add
Subvention payment 0 s add 0 add
Depreciation of SFA at BV (x) 104,737
ODV depreciation adjustment -3,263 d add -3,263 add
Subvention payment tax adjustment 0 s*t deduct
Interest tax shield 21,852 q deduct
Revaluations 0 r add
Income tax 44,586 p deduct
Numerator 183,713 80,616 117,375
OSBIIT^ADI = a + g + s - s*t + d NSAT^ADI = n + g + s - s*t + d OSBIIT^ADI = a + g - q + r + s + d - p - s*t
Fixed assets at end of previous financial year (FA₀) 2,071,103
Fixed assets at end of current financial year (FA₁) 2,175,521
Adjusted net working capital at end of previous financial year (ANWC₀) -9,167
Adjusted net working capital at end of current financial year (ANWC₁) 33,219
Average total funds employed (ATFE) 2,102,119 c 2,102,119 2,102,119
Total equity at end of previous financial year (TE₀) 1,060,859
Total equity at end of current financial year (TE₁) 1,138,324
Average total equity 1,099,592 k 1,099,592
WUC at end of previous financial year (WUC₀) 115,950
WUC at end of current financial year (WUC₁) 210,806
Average total works under construction 163,378 e deduct 163,378 deduct
Revaluations 0 r
Half of revaluations 0 r/2 deduct
Intangible assets at end of previous financial year (IA₀) 0
Intangible assets at end of current financial year (IA₁) 0
Average total intangible asset 0 m add 0
Subvention payment at end of previous financial year (S₀) 0
Subvention payment at end of current financial year (S₁) 0
Subvention payment tax adjustment at end of previous financial year 0
Subvention payment tax adjustment at end of current financial year 0
Average subvention payment & related tax adjustment 0 v add 0
System fixed assets at end of previous financial year at book value 1,899,000
System Fixed assets at year beginning at ODV value (SFAₐₜ₀) 1,919,000
System Fixed assets at end of current financial year at ODV value 2,031,000
Average value of system fixed assets at ODV value 2,005,000 h add 2,005,000 add
Denominator 2,034,741 1,032,214 2,034,741
ATFE^ADI = c - e - f + h Ave TE^ADI = k - c - m + h ATHE^AU = c - e - ½r - f + h
Financial Performance Measure: 9.0 7.8 5.8
ROF = ROE = ROI =
  • t = maximum statutory income tax rate applying to corporate entities
  • bv = book value
  • ave = average
  • odv = optimised deprival valuation
  • subscript '0' = end of financial year
  • subscript '1' = end of the current financial year
  • ROF = return on funds
  • ROE = return on equity
  • ROI = return on investment


Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 149


Gazette.govt.nz — PDF NZ Gazette 2006, No 149




✨ LLM interpretation of page content

🏭 Notes to the Financial Statements for Transpower New Zealand Limited Lines Business (continued from previous page)

🏭 Trade, Customs & Industry
24 November 2006
Financial Statements, Transpower, Lines Business, Transfer Payments, Operating Expenditure, Assets, Equity