✨ Financial Performance Measures
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF OFFICIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Input and Calculations | Symbol (
formula) | ROF | ROE | ROI |
|------------------|-----------------------|----------------------|-----|-----|-----|
| Operating surplus before interest and income tax from internal statements | 7,545 | a | 7,349 | 7,349 | 7,349 |
| Operating surplus pursuant to regulation 18: add back interest and income tax adjusted pursuant to section 13 (OSBIT) | 7,355 | b | | | |
| Interest on cash, bank balances, and short-term investments (IST) | 6 | c | | | |
| OSBIT minus IST | 7,349 | d = b - c | | | |
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | 3,933 | e | | | |
| Tax expense (from financial statements) | 3,523 | f | | | |
| Amortisation of goodwill and amortisation of other intangibles | 0 | g | add | add | add |
| Subvention payment | 2,812 | h | 0 | 0 | 0 |
| Depreciation of SFA at ODV (x) | | i | | | |
| ODV depreciation adjustment | 0 | j | 0 | 0 | 0 |
| Subvention payment tax adjustment | 94 | k | | | |
| Interest tax shields | 701 | l | 0 | 0 | deduct |
| Revaluations | 2,193 | m | | | deduct |
| Income tax | | n | deduct | | |
| Numerator | | OSPBIT^(T=0) = d + g + i - j | 7,349 | | |
| | | NSAT^(T=0) = e + f + g + h - k - m | | 3,042 | |
| | | OSPBIT^(T=1) = a + g - q + t + d + p | | | 4,454 |
| Fixed assets at end of previous financial year (FA) | 74,962 | o | | | |
| Fixed assets at end of current financial year | 95,281 | p | | | |
| Adjusted net working capital at end of previous financial year (ANWCp) | 1,255 | q | | | |
| Adjusted net working capital at end of current financial year (ANWCc) | -3,039 | r | | | |
| Adjusted total funds employed (ATFE) | 84,329 | s | | | |
| Average total funds employed (ATFE) | | t = (s + o) / 2 | | | |
| Total equity at end of previous financial year (TEp) | 45,019 | u | | | |
| Total equity at end of current financial year (TEc) | 65,373 | v | | | |
| Average total equity | 84,329 | w = (u + v) / 2 | | 55,246 | |
| (or regulation 33 time-weighted average) | | x | | | |
| (or regulation 33 time-weighted average) | | y | 55,246 | | 64,329 |
ROF
7.349
ROE
3.042
ROI
4.454
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 34
Gazette.govt.nz —
NZ Gazette 2008, No 34
✨ LLM interpretation of page content
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Financial Statements for Horizon Energy Distribution Limited
(continued from previous page)
🏭 Trade, Customs & Industry18 February 2008
Financial Statements, Audit, Commerce Commission, Electricity Information Disclosure Requirements, Commerce Act 1986, Performance Measures, Operating Surplus, Return on Funds, Return on Equity, Return on Investment