New Zealand Gazette – 2008 – No. 34

Page 799

✨ Financial Performance Measures



SCHEDULE 1 - PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table Input and Calculations Symbol in formula ROF ROE ROI
WUC at end of previous financial year (WUC₀) a 162
VUC at end of current financial year (VUC₁) for regulation 23 time-weighted average b 5.1 5.1
(or raw %) 6.1 6.1
Average works under construction c - - 0
(NUC₁ - NUC₀)
Intangible assets at end of previous financial year (IA₀) d 0 0 0
Intangible assets at end of current financial year (IA₁) for regulation 13 time-weighted average e 0 0 0
Average intangible asset f - - 0
(or raw %)
Subvention payment at end of previous financial year (S₀) g - 8.1 8.1
Subvention payment at end of current financial year (S₁) h - 0 0
Subvention payment tax adjustment at end of current financial year i - add add
(S₁ - S₀)
Provision for payment at end of previous financial year j - - 0
Provision for payment & grievance tax adjustment Average adjustment of payment & grievance tax k - - 0
System fixed assets at start of current financial year fixed asset book value (SF₀) l 74.084
System fixed assets at end of current financial year fixed asset book value (SF₁) for regulation 23 time-weighted average m 84.073 84.073
Average value of system fixed assets at book value n - - 73.591
(SF₀₊₁)
System Fixed assets at year beginning at OGV value (OGF₀) o 84.073 84.073
System Fixed assets at end of current financial year at OGV value (OGF₁) p 73.591 73.591
Average value of system fixed assets at OGV value for regulation 23 time-weighted average q 74.270 74.270
(OGF₀₊₁)
Deductions deduct deduct
Additions add add
Denominator Financial Performance Measure
ROF = OSBINT¹/ATFE² × 100 6.76
ATFE³ = a + b - c - d + e + f + g - h
ROE = NSAT⁴/(INTE⁵) × 100 9.94
INTE = a + b - c - d + e + f + h
ROI = OSBINT/ATFE⁶ × 100 7.65

¹ROF = Return on Fixed Assets
²ATFE = Average Total Funds Employed
³ATFE = Average Total Funds Employed = a + b - c - d + e + f + g - h
⁴NSAT = Net Surplus After Tax
⁵INTE = Invested Equity = a + b - c - d + e + f + h
⁶ATFE = Average Total Funds Employed = a - b + c - d + e + f



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 34


Gazette.govt.nz — PDF NZ Gazette 2008, No 34




✨ LLM interpretation of page content

🏭 Financial Statements for Horizon Energy Distribution Limited (continued from previous page)

🏭 Trade, Customs & Industry
18 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