New Zealand Gazette – 2008 – No. 35

Page 822

✨ Financial Performance Measures

SCHEDULE 1 - PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Observation Table	Input and Calculations	Symbol in formula	ROF	ROE	ROI
Earning surplus before interest and income tax from profit and loss account			5,328,874
Current income before interest and end/current tax as adjusted pursuant to regulation 16 (OSBIT)	5,328,877		5,328,877
Interest on cash, bank balances, and short-term investments	(27,068)	r	deduct		462,665
OSBIT minus rSTI	5,301,809	o	5,301,809
Net surplus after tax from financial statements	1,512,341				1,512,341
Net surplus after tax adjusted pursuant to regulation 18 (NSAT)	1,512,341	n		1,512,341
Amortisation of goodwill and amortisation of other intangibles	0	add	add	add
Subvention payment	0	add	add	add	0
Financing cost of EF at BV (y)	3,754,365
Depreciation of RA at ODV (j)	8,764,365	add
ODV depreciation adjustment	0		deduct
Subvention payment tax adjustment	0	s1	add
Interest tax shield	462,665	q	deduct	462,665
Revaluations	0	r	add
Income tax	2,327,054	p		deduct	2,327,054
Numerator		OSBIT^(Adj)	5,301,809	NSAT^(Adj)	1,512,341

| Fixed assets at end of previous financial year (FAp) | 120,882,013 | | | | |
| Fixed assets at end of current financial year (FAc) | 127,082,640 | | | | |
| Adjusted net working capital at end of previous financial year (ANWCp) | 2,326,852 | | | | |
| Adjusted net working capital at end of current financial year (ANWCc) | 4,500,841 | | | | |
| Average total funds employed (ATFE) | 127,801,818 | c | | 127,801,818 | 127,801,818 |

| Total equity at end of previous financial year (TEp) | 87,298,874 | | | | |
| Total equity at end of current financial year (TEc) | 88,817,939 | f | | 88,054,349 | |
| Average total equity (regulations 3.3 time-weighted average) | 88,054,349 |

| WUC at end of previous financial year (WUCp) | 1,879,400 |
| WUC at end of current financial year (WUCc) | 3,068,257 |
| Average total works under construction (for regulation 3.3 time-weighted average) | 2,493,894 | e | deduct | | 2,493,894 |

| Revaluations | 0 | r | |
| Total of revaluations | 0 | r/2 | | deduct | |
| Intangible assets at end of previous financial year (IAp) | 0 | | | | |
| Intangible assets at end of current financial year (IAc) | 0 |
| Average total intangibles asset (for regulation 3.3 time-weighted average) | 0 | m | add |

| Subvention payment in one of previous financial year (Sp) | 0 |
| Subvention payment at end of current financial year (Sc) | 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

| System fixed assets at end of previous financial year at book value (SFAp) | 115,092,653 |
| System fixed assets at end of current financial year at book value (SFAc) | 123,531,842 | f | deduct | 118,752,235 | 118,752,235 |
| Average value of system fixed assets at book value (regulation 3.3 time-weighted average)| 119,344,075 |
| System fixed assets at year beginning at ODV value (SFAo) | 115,955,636 |
| System fixed assets at end of current financial year at ODV value (SFAc) | 122,736,676 |
| Average value of system fixed assets at ODV value (regulation 3.3 time-weighted average)| 119,334,755 | h | add | 119,334,755 |

| Financial Performance Measure | | ROF = OSBIT^(Adj)/ATFE^(Adj) | 4.2 | ROE = NSAT^(Adj)/ATE^(Adj) | 1.8 | ROI = OSBIT^(Adj)/ATRE^(Adj) | 1.9 |

Notes:
- r = interest; V = current tax rate applying to corporate entities; end = at end of the year or financial year.
- ROF = return on funds.
- ROE = return on equity.
- ROI = return on investment.
- adj = adjusted; deprival valuation.
- EF = equity funds.
- q = tax of the previous financial year.

VUW Te Waharoa — NZ Gazette 2008, No 35

Gazette.govt.nz — NZ Gazette 2008, No 35

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

🏭 Adoption of International Financial Reporting Standards (continued from previous page)

Domain🏭 Trade, Customs & Industry
KeywordsFinancial Reporting Standards, Accounting Policies, Ernst & Young, Financial Performance Measures, ROF, ROE, ROI

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