✨ Financial Performance Measures
18 FEBRUARY 2008
NEW ZEALAND GAZETTE, No. 27
601
MARLBOROUGH LINES LIMITED - LINES BUSINESS
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 | 4,690 | ||||
| Operating surplus before interest and income tax adjusted pursuant to requirement 18 (OSBIIT) | 4,690 | ||||
| Interest on cash, bank balances, and short-term investments (ISTI) | 226 | ||||
| OSBIIT minus ISTI | 4,464 | a | 4,464 | 4,464 | |
| Net surplus after tax from financial statements | 2,947 | ||||
| Net surplus after tax adjusted pursuant to requirement 18 (NSAT) | 2,947 | n | 2,947 | ||
| Amortisation of goodwill and amortisation of other intangibles | 0 | g | add 0 | add 0 | add 0 |
| Subvention payment | 0 | s | add 0 | add 0 | add 0 |
| Depreciation of SFA at BV (x) | 4,666 | ||||
| Depreciation of SFA at ODV (y) | 4,170 | ||||
| ODV depreciation adjustment | 496 | d | add 496 | add 496 | add 496 |
| Subvention payment tax adjustment | 0 | *st** | deduct 0 | deduct 0 | |
| Interest tax shield | -74 | q | deduct -74 | ||
| Revaluations | 0 | r | add 0 | ||
| Income tax | 1,742 | p | deduct 1,742 | ||
| Numerator | 4,960 | 3,443 | 3,293 | ||
| OSBIITADJ = a+g+s+d | NSATADJ = n+g+s-s*t+d | OSBIITADJ = a+g-q+r+s+d-p-s*t | |||
| Fixed assets at end of previous financial year (FA0) | 123,464 | ||||
| Fixed assets at end of current financial year (FA1) | 161,638 | ||||
| Adjusted net working capital at end of previous financial year (ANWC0) | 2,541 | ||||
| Adjusted net working capital at end of current financial year (ANWC1) | 1,325 | ||||
| Average total funds employed (ATFE) | 144,484 | c | 144,484 | 144,484 | |
| Total equity at end of previous financial year (TE0) | 121,499 | ||||
| Total equity at end of current financial year (TE1) | 153,534 | ||||
| Average total equity | 137,517 | k | 137,517 | ||
| WUC at end of previous financial year (WUC0) | 398 | ||||
| WUC at end of current financial year (WUC1) | 921 | ||||
| Average total works under construction | 660 | e | deduct 660 | deduct 660 | deduct 660 |
| Revaluations | 0 | r | |||
| Half of revaluations | 0 | r/2 | deduct 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 | 0 | m | 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 | 0 | v | add 0 | ||
| System fixed assets at end of previous financial year at book value (SFAbv0) | 116,555 | ||||
| System fixed assets at end of current financial year at book value (SFAbv1) | 153,466 | ||||
| Average value of system fixed assets at book value | 135,011 | f | deduct 135,011 | deduct 135,011 | deduct 135,011 |
| System Fixed assets at year beginning at ODV value (SFAodv0) | 107,869 | ||||
| System Fixed assets at end of current financial year at ODV value (SFAodv1) | 111,050 | ||||
| Average value of system fixed assets at ODV value | 109,459 | h | add 109,459 | add 109,459 | add 109,459 |
| Denominator | 118,273 | 111,306 | 118,273 | ||
| ATFEADJ = c-e-f+h | AveTEADJ = k-e-m+v | ATFEADJ = c-e-½r-f+h | |||
| Financial Performance Measure: | 4.19 | 3.09 | 2.78 | ||
| ROF = OSBIITADJ / ATFEADJ x 100 | ROE = NSATADJ / ATEADJ x 100 | ROI = OSBIITADJ / ATFEADJ x 100 |
t = maximum statutory income tax rate applying to corporate entities bv = book value ave = 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 —
NZ Gazette 2008, No 27
Gazette.govt.nz —
NZ Gazette 2008, No 27
✨ LLM interpretation of page content
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Marlborough Lines Limited Financial Statements
(continued from previous page)
🏭 Trade, Customs & IndustryFinancial Performance Measures, Derivation Table, Operating Surplus, Net Surplus After Tax, Fixed Assets, Equity, Return on Funds, Return on Equity, Return on Investment