← Page 4541

New Zealand Gazette – 2006 – No. 155

Page 4542

Page 4543 →

✨ Financial Performance Measures

Vector Limited

Electricity Lines Business

Form for the Derivation of Financial Performance Measures from Financial Statements

For the year ended 31 March 2006

SCHEDULE 1 - PART 7

Derivation Table	Input and Calculation	Symbol in Formulae	ROP	RCE	ROI
Opening surplus before interest and income tax (prior financial elements)	227,790
Derived surplus before interest and income tax adjusted pursuant to requirement 16 (ROF(\text{S}1))	227,809
Interest on cash, bank balances, and short-term investments (I(\text{S}7))	945
OSBIT (minus) (I(\text{S}7))	277,772	#	227,772		227,772
Net surplus after tax from non-regulated statements	53,766
Net surplus after tax adjusted pursuant to requirement 16 (ROA(\text{T}1))	53,766	n	53,706	53,706
Amortisation of goodwill and other intangibles	20,214	o	30,244		30,244
Subventions payment	0	c	add	add	add
Depreciation at 5% x RJV (x)	60,154		add
Depreciation of SPA at ODV (y)	51,310		122,234		122,234
ODV disclosure adjustments	11,237	e	nil
Subvention payment tax adjustment	0	d	deduct	deduct
Interest tax shield	42,654	s		deduct	42,655
Revaluations	0	i
Income tax	91,740	j		deduct	48,155
Numerator			254,778	62,776

| Funds applied at end of previous financial year (FA(\text{p})) | 2,704,016 | | | NSAI(\text{s}) = (\frac{2501 + 249}{2}) = 1389 | OSBIT(\text{t}) = (\frac{3}{x + y}) + (\frac{5}{1 - u}) - (\frac{p}{x + y}) |
| Funds applied at end of current financial year (FA(\text{c})) | 3,552,024 | | | | |
| Average total working assets at end of previous financial year (ANWV(\text{p})) | 1,976,011 | | | | |
| Average total working assets at end of current financial year (ANWV(\text{c})) | 2,521,000 | | 2,249,505| 2,249,505| 2,242,242|
| Average funds employed (TFE(\text{a})) (or requirement 32-line weighted average) | 3,063,020 | c | | | |
| Total equity at end of previous financial year (TE(\text{p})) | 781,042 | | | | |
| Total equity at end of current financial year (TE(\text{c})) | 876,080 | | | 832,561 | |
| Average total equity (TE(\text{a})) (or requirement 29, line weighted average) | 828,561 | k | deduct | | |

| WUC at end of previous financial year (WUC(\text{p})) | 78,476 | | | | |
| WUC at end of current financial year (WUC(\text{c})) | 68,730 | b | deduct | 70,079 | deduct | 70,578 | deduct |
| Average total assets under construction | Not available | o | Not available average | |

| Vonnaumess | N/A | | | | |
| Half of Remuneration | N/A | h2 | | | minus |
| Intangible assets at end of previous financial year (IA(\text{p})) | 533,856 | | | | |
| Intangible assets at end of current financial year (IA(\text{c})) | 493,470 | | 513,663 | | |

| Subventions payment at end of previous financial year (S(\text{p})) | N/A |
| Subventions payment at end of current financial year (S(\text{c})) | N/A |
| Subventions payment tax adjustment at end of previous financial year | N/A |
| Subventions payment tax adjustment at end of current financial year | N/A |
| Average subvention payment to make tax adjustment | N/A | v | add | |

| System fixed assets at end of previous financial year at book value (SFA(\text{bv,p})) | 1,561,051 | |
| System fixed assets at end of current financial year at book value (SFA(\text{bv,c})) | 2,402,351 | |
| Average value of system fixed assets at book value | 1,981,701 | l | nectar | 2,176,776 | deduct | 2,176,818 | nectar | 2,152,926 |

| System fixed assets at year beginning at ODV value (SFA(\text{odv,p})) | 1,618,162 | |
| System fixed assets at end of current financial year at ODV value (SFA(\text{odv,c})) | 1,528,310 | |
| Average value of system fixed assets at ODV value | 1,573,236 | d | add | 1,980,226 | etc | 1,952,512 | etc | 1,950,258 |

| Denominator | | ATPFA(\text{bv}) = 1,955,936 | ATEFA(\text{bv}) = 897,751 | ATPFA(\text{odv}) = 1,995,758 |

Financial Performance Measures |

Financial Performance Measure	Calculation
ROP = ROF(\text{IT})/ATPFA(\text{bv}) x 100	13.0
RCE = NSAI(\text{a}) - DS(\text{A})/(TE(\text{a})) x 100	34.0
ROI = OSBIT(\text{t})/ATEFA(\text{odv}) x 100	9.6

t = previous statutory income tax rate applying to corporate entities
bv = book value
ave = average
div = optimised deprival valuation

VUW Te Waharoa — NZ Gazette 2006, No 155

Gazette.govt.nz — NZ Gazette 2006, No 155

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Vector Limited Reliability Performance Measures (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsVector Limited, Electricity Lines Business, Financial Performance, Financial Statements, ROP, RCE, ROI

As the Gazette has been published for more than 185 years, copyright status depends on the publication date of each issue:

1840–1925 (Public Domain): Issues of the New Zealand Gazette and Provincial Gazettes from this period are in the public domain, as the term of Crown copyright (100 years) has expired. Mechanical reproductions (e.g., scanned PDFs) of these public domain documents do not attract new copyright.
1926–1999 (Crown Copyright): Issues from this period remain subject to Crown copyright. Usage of these issues in this project is "Fair Dealing" for research purposes and consistent with the spirit of the open-access principles championed by NZGOAL, ie, "The default licensing position under ... NZGOAL is the Creative Commons Attribution 4.0 International licence ... [t]o the greatest extent possible, agencies should apply this licence to copyright material on their websites"
2000–Present (CC-BY 3.0 NZ): Gazette issues published on gazette.govt.nz are Crown copyright but are explicitly licensed by the Department of Internal Affairs under the Creative Commons Attribution 3.0 New Zealand licence (CC-BY 3.0 NZ). This project redistributes this content in accordance with those terms.

Nothing in this project is intended to infringe copyright, trademark law or personal privacy. Please contact me immediately if you have any concerns.

Third-Party Content

Where third-party content (e.g., notices submitted by external organisations) is identified within the Gazette, users should satisfy themselves regarding the copyright status of that specific content, as it may be subject to different ownership terms than the Gazette itself.

Sources and Attribution

NZ Gazette Sources

The primary sources for the issues of the NZ Gazette indexed by this project are:

New Zealand Gazette Archive, provided by Victoria University Library, copyright 2008 LexisNexis NZ Limited, Crown Copyright of New Zealand Gazette Office
- Issues from 1841-2008, including the New Munster, New Ulster, and Provincial Gazettes
New Zealand Gazettes by New Zealand Legal Information Institute (note: "NZLII is not the copyright owner in the source documents published on NZLII")
- Issues from 1913-1999
Gazette.govt.nz, Crown copyright / licensed by the Department of Internal Affairs under CC-BY 3.0 NZ
- Issues from 2000-2017

Additional Sources

Wellington City Recollect have made available a comprehensive and excellent-quality scan of the Wellington Provincial Gazette which was used to fill in a number of issues missing from Victoria University's Gazette Archive; in particular, all 1856 issues, issues 22-34 for 1864 and issues 9-19 for 1870.
27 issues of The New Zealand Advertiser and Bay of Islands Gazette (1840) were sourced from Papers Past (public domain).
Gazette Extraordinary No. 1 (1840), held at the Alexander Turnbull Library, Wellington, New Zealand. Imaged by Luke Howison at the National Library reading rooms; PDF released into the public domain.

PDF Icon

The PDF PDF Icon was made by Good Ware, CC BY-SA 4.0.

Masthead

The logo in the header is an edited version of “Winning Coat of Arms Competition Entry, 1908” by Archives New Zealand, CC BY 2.0 (found via Wikipedia).

Who made this?

I'm Luke Howison, a freelance web developer with an interest in genealogy. I have created several websites for genealogical research, such as NZ Ancestor Search Helper.

New Zealand Gazette Index