✨ Financial Performance Measures
27 NOVEMBER 2006
NEW ZEALAND GAZETTE, No. 150
4355
Companies Power Limited – Luxor Investments
Derivation Table(^1) Earnings, Performance Measures from Financial Statements
Requirement for Recertification: (i) of the Electricity Information Disclosure Requirements 2004 Schedule 1 Part 7
for the Year Ended 31 March 2006.
| Derivation Table | Input and Calculations | Symbols (in formulae) | ROF | ROE | ROI |
|---|---|---|---|---|---|
| Operating surplus before interest and income tax from line 15 statement (g) | 6,804 | ||||
| Operating surplus before interest and income tax adjusted to remove "non-standard" items (OSBIT) (formulae 1, 2, 3) (calculate, TotalTax, and SavRT) | 6,804 | ||||
| plus Non-standard Items (NSI) | 0 | ||||
| TotalTax (from IS 11) | 2,754 | A | 2,754 | 2,754 | |
| less company tax (excl FBT) from financial statements | 5,184 | ||||
| R' = surplus after tax, allocated pursuant to requirement 18 (NSAT)(^2) | 5,184 | 5,134 | |||
| Amortisation of goodwill and amortisation of other intangibles | 0 | adj(^1) | add | add | add |
| Subvention payment | 0 | S | add | add | add |
| Subvention received (R = S > 0) = ODV (R < 0) = ODY(^3) | 0 | ODY | deduct | deduct | deduct |
| ODV (if entity originated) | 0 | D | add | add | add |
| Non-cash value of payments to, adjustments for, forestry (excluded) | 0 | U | deduct | deduct | deduct |
| Revaluations | 0 | R | add | add | add |
| Foreign exchange | 1,627 | F | 1,627 | deduct | 1,629 |
| 6,789 | 5.219 | 5.169 | |||
| OSBIT(^3,5) = adj(a)+adj(f) | NSAT(^4) = n(i)+s(d) | OSBIT(^3,6) = adj(g)+c(d)+adj(f) |
Numerator
| Total assets at end of previous financial year (FA(_p)) | 113,025 |
| Total assets at end of current financial year (FA(_c)) | 129,778 |
| Adjusted net working capital at end of previous financial year (ANWC(_p)) | 264 |
| Adjusted net working capital at end of current financial year (ANWC(_c)) | (2,914) |
| Average total funds employed(^4) (ATFE) | 115,624 |
| Land: opening book value at start of financial year (S(_p)) | for requirement 12 time weighted average(^4) 109,321 |
| Total equity at end of previous financial year (TE(_p)) | 1,4,412 |
| Total equity at end of current financial year (TE(_c)) | 1,1,685 |
| Average total equity | for requirement 32 time weighted average(^4) 110,231 |
| WUC(_p): end of previous financial year (WUC(_p)) | 2,459 |
| WUC(_c): end of current financial year (WUC(_c)) | 3,893 |
| Average total working capital contribution | for requirement 32 time weighted average(^4) |
| Revaluations | 0 |
| Intangible assets at end of previous financial year (IA(_p)) | 0 |
| Intangible assets at end of current financial year (IA(_c)) | 0 |
| Average total intangible asset | for requirement 32 time weighted average(^4) |
| Subvention received at end of previous financial year (S(_p)) | 0 |
| Subvention received at end of current financial year (S(_c)) | 0 |
| Solvency adjustment for previous financial year | 0 |
| Solvency adjustment for current financial year | 0 |
| Average solvency adjustment reduced tax adjustment | 0 |
| System fixed assets at end of previous financial year at ODV value (SFA(_p)) | 99,817 |
| System fixed assets at end of current financial year at ODV value (SFA(_c)) | 112,620 |
| Average value of system fixed assets at ODV value | for requirement 32 time weighted average(^4) |
| Value first inventory at year beginning at ODV value (ESFA(_p)) | 110,717 |
| Value fixed assets at end of current financial year at ODV value (SFA(_c)) | 115,589 |
| Average value of system fixed assets at ODV value | for requirement 32 time weighted average |
Denominator
| 116,956 | |
| ATFE(ADJ) = c-e+f(r) |
Financial Performance Measure:
| | 5.8 | ROF |
| | 5.0(^1) | NSAT(^6) = n(i)+s(d) |
| | 4.6 | ROI |
| | 4.4 | OSBIT(^3,7) = c(d) |
1 excluding net surplus adjustments for fully depreciating 20-year straight line assets
2 end of the previous financial year = subscript "p"; end of the current financial year = ROF = return on funds, ave = average, adj = adjustment, ODV = optimised deprival valuation, TE = total equity, ROI = return on investment
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2006, No 150
Gazette.govt.nz —
NZ Gazette 2006, No 150
✨ LLM interpretation of page content
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Counties Power Limited - Luxor Investments Derivation Table Earnings, Performance Measures from Financial Statements
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🏭 Trade, Customs & Industry16 November 2006
Optimised Deprivation Value, Financial Valuation, Assets, Distribution System, Financial Performance