New Zealand Gazette – 2008 – No. 33

Page 771

✨ Financial Performance Measures

Derivation Table	Symbol in Formula	Input and Calculations
	a	12,676
Operating surplus before interest and income tax from financial statements	b	42,616
Operating surplus before interest and income tax adjusted pursuant to requirement 18 (GSBRF)	c	326
Interest on cash, bank balances, and short-term investments (GST)	d	12,278
GSBRF minus (STI)	e	11,343
Net surplus after tax from financial statements (NSSA1)	f	-
Amortisation of goodwill and amortisation of other intangibles	g	11,343
Straight-line adjustment	h	2,203
Depreciation of SFA at BV (x)	i	2,203
Depreciation of SFA at ODV (y)	j	-
COV depreciation adjustment	k	174
Subvention payment, tax adjustment	l	409
Income tax shield	m	-
Revenues	n	76,216
	o	94,534
	p	(139)
	q	87,565
	r	68,666
	s	51,878
	t	79,237

Fixed asset at end of previous year (FAp): 76,216
Adjusted net working capital at end of previous financial year (ANWCp): 94,534
Adjusted net working capital at end of current financial year (ANWCc): (139)
Adjusted total funds employed (ATFE): 87,565
Average total funds employed: 68,666
Total equity at end of previous financial year (TEp): 51,878
Total equity at end of current financial year (TEc): 79,237
Weighted Average Cost of Capital (WACC): -

Operating surplus before interest and income tax from financial statements:
Includes all revenues and expenses related to the core operational activities.
Interest on cash, bank balances, and short-term investments:
The interest earned on cash and equivalent assets.
Net surplus after tax from financial statements:
The net profit after taxes as recorded in financial statements.
Amortisation of goodwill and amortisation of other intangibles:
Reflects the systematic reduction of intangible asset values over time.
Straight-line adjustment:
Adjustment made for consistent depreciation or amortisation.
Depreciation of SFA at BV (x), Depreciation of SFA at ODV (y):
Depreciation calculated on Straight-line or other allowable methods.
Subvention payment, tax adjustment:
Adjustments related to subvention payments and applicable taxes.
Revenues:
Total revenue from core business operations.