New Zealand Gazette – 2006 – No. 162

Page 4718

✨ Financial Performance Measures



MARLBOROUGH LINES LIMITED - LINES BUSINESS

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table Symbol Formula In ROF ROE ROI
Operations
Operating surplus before interest and income tax from financial statements 6,584
Operating surplus before interest and income tax adjusted pursuant to requirement 18 (OSBIT) 6,584
Interest on cash, bank balances, and short-term investments (ISTI) 367
OSBIT minus ISTI a 6,217 6,217 6,217
Net surplus after tax from financial statements 4,994
Net surplus after tax adjusted pursuant to requirement 18 (NSAT) n 4,994 4,994
Amortisation of goodwill and amortisation of other intangibles g 0 add add add
s 0 0 0
Subvention payment 0 add add add
Depreciation of SFA at BV (x) 4,025
Depreciation of SFA at ODV (y) 3,562
ODV depreciation adjustment 463 d add 463
Subvention payment tax adjustment 0 s¹ 0
Interest tax shield -121 q deduct -121
Revaluations r 0 add
Income tax p 1,589 deduct 1,589
Numerator 6,680 5,457 5,212

| | | Fixed Assets | | | |
| Fixed assets at end of previous financial year (FA₀) | | 116,202 |
| Fixed assets at end of current financial year (FA₁) | | 123,464 |
| Adjusted net working capital at end of previous financial year (ANWC₀) | 2,068 |
| Adjusted net working capital at end of current financial year (ANWC₁) | 2,541 |
| Average total funds employed (ATFE) | c | 122,138 | 122,138|
| Total equity at end of previous financial year (TE₀) | 117,235 |
| Total equity at end of current financial year (TE₁) | 121,499 |
| Average total equity | k | 119,367 |
| WUC at end of previous financial year (WUC₀) | 557 |
| WUC at end of current financial year (WUC₁) | 398 |
| Average total works under construction | e | 478 | deduct | 478 | deduct | 478 |
| Revaluations | r² | 0 | | deduct | |
| Half of revaluations | | 0 |
| Intangible assets at end of previous financial year (IA₀) | 0 |
| Intangible assets at end of current financial year (IA₁) | 0 |
| Average total intangible asset | m | 0 | deduct | 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 | v | 0 | add | | |
| System fixed assets at end of previous financial year at book value (SFAᵦᵥ₀) | 108,730 |
| System fixed assets at end of current financial year at book value (SFAᵦᵥ₁) | 116,555 |
| Average value of system fixed assets at book value | f | 112,643 | deduct | 112,643| | 112,643|
| System Fixed assets at year beginning at ODV value (SFAₒdᵥ₀) | 100,495 |
| System Fixed assets at end of current financial year at ODV value (SFAₒdᵥ₁) | 107,869 |
| Average value of system fixed assets at ODV value | h | 104,182 | add | 104,182| | 104,182|
| Denominator | | | 113,199| 110,428| 113,199|

Financial Performance Measure:

  • ROF = (OSBIT(^a) + a + g + s¹ + d) / ATFE(^c) x 100
  • ROE = (NSAT(^n) + n + g + s¹ - r¹) / Ave.TE(^k) x 100
  • ROI = (OSBIT(^a) - q + r¹ + r² - p + s¹) / ATFE(^e,f,h) x 100

i = maximum statutory income tax rate applying to corporate entities, bv = book value, ava = average, odv = optimised deprival valuation, subscript ‘0’ = end of the previous financial year, subscript ‘1’ = end of the current financial year ROF = return on funds, ROE = return on equity, ROI = return on investment



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 162


Gazette.govt.nz — PDF NZ Gazette 2006, No 162




✨ LLM interpretation of page content

🏭 Marlborough Lines Limited Financial Statements for the Year Ended 31 March 2006 (continued from previous page)

🏭 Trade, Customs & Industry
Financial statements, Financial performance measures, ROF, ROE, ROI, Derivation table, Fixed assets, Net surplus, Operating surplus, Depreciation