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New Zealand Gazette – 2006 – No. 158

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✨ Financial Performance Measures

4616

NEW ZEALAND GAZETTE, No. 158

29 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	10,097,851
Operating surplus before interest and income tax adjusted pursuant to requirement 18 (OSBIIT)	10,097,851
Interest on cash, bank balances, and short-term investments (ISTI)	87,776
OSBIIT minus ISTI	10,010,075	a	10,010,075		10,010,075
Net surplus after tax from financial statements	4,817,007
Net surplus after tax adjusted pursuant to requirement 18 (NSAT)	4,817,007	n		4,817,007
Amortisation of goodwill and amortisation of other intangibles	0	g	add	add	add
Subvention payment	0	s	add	add	add
Depreciation of SFA at BV (x)	2,992,364
Depreciation of SFA at ODV (y)	2,992,364
ODV depreciation adjustment	0	d	add	add	add
Subvention payment tax shield	0	s*t		deduct	deduct
Interest tax shield	1,062,474	q			deduct
Revaluations	0	r			add
Income tax	2,061,226	p			deduct
Numerator			10,010,075	4,817,007	6,886,375
			OSBIIT(^ADJ) = a + g + s + d	NSAT(^ADJ) = n + g + s - s*t + d	ROI(^ADJ) = a + g + s + d - q + r + st + d - p - st
Fixed assets at end of previous financial year (FA(_0))	94,370,547
Fixed assets at end of current financial year (FA(_1))	97,836,940
Adjusted net working capital at end of previous financial year (ANWC(_0))	-172,152
Adjusted net working capital at end of current financial year (ANWC(_1))	254,202
Average total funds employed (ATFE)	96,144,768	c	96,144,768		96,144,768
(or requirement 32 time-weighted average)
Total equity at end of previous financial year (TE(_0))	48,116,411
Total equity at end of current financial year (TE(_1))	50,709,653
Average total equity	49,413,032	k		49,413,032
(or requirement 32 time-weighted average)