New Zealand Gazette – 2008 – No. 25

Page 574

✨ Financial Performance Measures



Requirement 15

Derivation of financial performance measures from financial statements

Derivation Table Input and Calculations ROF ROE ROI
Operating surplus before interest and income tax from financial statements 65,762
Operating surplus before interest and income tax adjusted pursuant to req. 18 (OSBIIT) 65,762
Interest on cash, bank balances, and short-term investments (ISTI) 0
OSBIIT minus ISTI 65,762 a 65,762 65,762
Net surplus after tax from financial statements 36,402
Net surplus after tax adjusted pursuant to req 18 (NSAT) 36,402 n 36,402
Amortisation of goodwill and other intangibles 0 g add 0 add 0 add
Subvention payment 1,745 s add 1,745 1,745 add
Depreciation of SFA at BV (x) 23,596
Depreciation of SFA at ODV (y) 20,698
ODV depreciation adjustment 2,898 d add 2,898 add 2,898 add
Subvention payment tax adjustment 576 s¹ deduct 576 deduct 576
Interest tax shield 741 q deduct 741
Revaluations 0 r add 0
Income tax 27,115 p 27,115 deduct
Numerator OSBIIT^ADJ = a + g + s + d NSAT^ADJ = n + g + s - s¹ + d OSBIIT^ADJ = a + g - q + r - p + s¹
70,405 40,469

| | Fixed assets at end of PFY (FA₀) | 729,142 | | |
| | Fixed assets at end of CFY (FA₁) | 921,754 | | |
| | Adjusted net working capital at end of PFY (ANWC₀) | -14,044 | | |
| | Adjusted net working capital at end of CFY (ANWC₁) | -18,039 | | |
| | Average total funds employed (ATFE) | 809,407 c | 809,407 | 809,407 |
| | Total equity at end of PFY (TE₀) | 618,189 | | |
| | Total equity at end of CFY (TE₁) | 800,774 | | |
| | Average total equity | 709,482 k | | 709,482 |
| | WUC at end of PFY (WUC₀) | 9,189 | | |
| | WUC at end of CFY (WUC₁) | 10,641 | | |
| | Average total works under construction | 9,915 e | 9,915 deduct | 9,915 deduct | 9,915 deduct |
| | Revaluations | 0 r | | |
| | Half of revaluations | 0 r/2 | | |
| | Intangible assets at end of PFY (IA₀) | 0 | | |
| | Intangible assets at end of CFY (IA₁) | 0 | | |
| | Average total intangible assets | 0 m | | deduct |
| | Subvention payment at end of PFY (S₀) | 5,213 | | |
| | Subvention payment at end of CFY (S₁) | 1,745 | | |
| | Subvention payment tax adjustment at end of PFY | 1,720 | | |
| | Subvention payment tax adjustment at end of CFY | 576 | | |
| | Average subvention payment & related tax adjustment | 2,331 v | add | 2,331 |
| | SFA at end of PFY at bv (SFA_bv₀) - incl land | 701,790 | | |
| | SFA at end of CFY at bv (SFA_bv₁) - incl land | 887,502 | | |
| | Average value of SFA at book value | 794,646 f | 794,646 deduct | 794,646 deduct | 794,646 deduct |
| | SFA at year beginning at ODV (SFA_odv₀) - incl land | 591,415 | | |
| | SFA at end of CFY at ODV (SFA_odv₁) - incl land | 595,121 | | |
| | Average value of SFA at ODV | 593,268 h | add | 593,268 add | 593,268 add |
| Denominator | | ATFE^ADJ = c - e - f + h | Ave TE^ADJ = k - e - m + v + h | ATFE^ADJ = c - ½r - f + h |
| | | | 598,114 | 500,520 | 598,114 |

| Financial Performance Measure: | ROF = (OSBIIT^ADJ / ATFE^ADJ) x 100 | ROE = (NSAT^ADJ / ATE^ADJ) x 100 | ROI = (OSBIIT^ADJ / ATFE^ADJ) x 100 |
| | | 11.771 | 8.085 | 7.018 |

  • t = income tax rate applying to corporate entities bv = book value ave = average odv = optimised deprival valuation subscript ‘0’ = at end of the previous financial year subscript ‘1’ = at end of the current financial year ROF = return on funds ROE = return on equity ROI = return on investment PFY = previous financial year CFY = current financial year SFA = system fixed assets


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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 25


Gazette.govt.nz — PDF NZ Gazette 2008, No 25




✨ LLM interpretation of page content

💰 Derivation of financial performance measures from financial statements (continued from previous page)

💰 Finance & Revenue
Financial Performance, Efficiency Performance, Return on Funds, Return on Equity, Return on Investment, Direct Line Costs, Indirect Line Costs, Derivation Table, Input and Calculations