✨ Financial Performance Measures
858
NEW ZEALAND GAZETTE, No. 37
26 FEBRUARY 2008
Counties Power Limited – Lines Business
Derivation Table of Financial Performance Measures from Financial Statements
Pursuant to Requirement 15 of the Electricity Information Disclosure Requirements 2004 Schedule 1 Part 7
For the Year Ended 31 March 2007
| Derivation Table | Input and Calculations | Symbol in formula | ROF | ROE | ROI |
|---|---|---|---|---|---|
| Operating surplus before interest and income tax from financial statements | 7,381 | ||||
| Operating surplus before interest and income tax adjusted pursuant to requirement 18 (OSBITT) | 7,381 | ||||
| Interest on cash, bank balances, and short-term investments (ISTI) | A | 7,381 | 7,381 | ||
| OSBIT minus ISTI | 7,381 | ||||
| Net surplus after tax from financial statements | 5,110 | ||||
| Net surplus after tax adjusted pursuant to requirement 18 (NSAT) | 5,110 | n | 5,110 | 0 | |
| Amortisation of goodwill and amortisation of other intangibles | 0 | g | add | add | add |
| Subvention payment | S | add | add | add | |
| Depreciation of SFA at BV (x) | 4,148 | ||||
| Depreciation of SFA at ODV (y) | 4,689 | D | add | add | add |
| ODV depreciation adjustment | s(^1) | add | add | add | |
| Subvention payment tax adjustment | 0 | Q | deduct | deduct | deduct |
| Interest tax shield | R | deduct | |||
| Revaluations | 0 | ||||
| Income tax charge | 1,617 | P | 7,440 | 5,169 | 1,617 |
Numerator
| | | | OSBIT(^1)(^0) = a+g+s(^1)+t+i-o | NSAT(^n) = m+g+s(^1)+t+i | OSBIT(^1)(^D) = a+g+s+r(^1)+d+s(^4) |
| Fixed assets at end of previous financial year (FA(_0)) | 120,775 | | | | |
| Fixed assets at end of current financial year (FA(_1)) | 160,396 | | | | |
| Adjusted net working capital at end of previous financial year (ANWC(_0)) | (2,717) | | | | |
| Adjusted net working capital at end of current financial year (ANWC(_1)) | (115) | C | 139,170 | | 139,170 |
| Average total funds employed (ATFE) | 139,170 | | (or requirement 32 time-weighted average) | | |
| Total equity at end of previous financial year (TE(_0)) | 114,133 | | | | |
| Total equity at end of current financial year (TE(_1)) | 149,976 | K | | 132,051 | |
| Average total equity | | (or requirement 32 time-weighted average) | | |
| WUC at end of previous financial year (WUC(_0)) | 2,849 | | | | |
| WUC at end of current financial year (WUC(_1)) | 833 | E | 1,841 | Deduct | 1,841 | Deduct |
| Average total works under construction | 1,841 | (or requirement 32 time-weighted average) | | |
| Revaluations | 0 | R | | | |
| Half of revaluations | 0 | R2 | deduct | | deduct |
| Intangible assets at end of previous financial year (IA(_0)) | 0 | M | add | | add |
| Intangible assets at end of current financial year (IA(_1)) | 0 | | | | |
| Subvention payment at end of previous financial year (S(_0)) | 0 | | | | |
| Subvention payment at end of current financial year (S(_1)) | 0 | V | add | | add |
| Subvention payment tax adjustment at end of previous financial year | 0 | | | | |
| Subvention payment tax adjustment at end of current financial year | 0 | | | | |
| System fixed assets at end of previous financial year at book value (SFA(_0)) | 112,626 | | | |
| System fixed assets at end of current financial year at book value (SFA(1)) | 149,657 | | | |
| Average value of system fixed assets at book value (SFA({ave})) | 131,142 | F | deduct | 131,142 | deduct | 131,142 | deduct |
| System fixed assets at year beginning at ODV value (SFA({ODV0})) | 115,580 | H | add | 121,532 | add | 121,532 |
| System fixed assets at end of current financial year at ODV value (SFA({ODV1})) | 127,483 | | | | |
| Average value of system fixed assets at ODV value | 121,532 | (or requirement 32 time-weighted average) | | |
Denominator
| | 127,720 | 120,600 | 127,720 |
| | ATFEAD(_1) = c-e+f+h | Ave TEADS = k-e+m+f+h | ATFEAD(_1) = c-e+f+h |
Financial Performance Measure:
| ROF = OSBIT(^1)(^D)/ATFEAD(_1) × 100 | ROE = NSAT(^n)/TEADS × 100 | ROI = OSBIT(^1)(^D)/ATFEAD(_1) × 100 |
|---|---|---|
| 5.8 | 4.3 | 4.6 |
1 = maximum statutory income tax rate applying to corporate entities bw = book value ave = average ODV = optimised deprival valuation subscript "0" = end of the previous financial year subscript "1" = end of the current financial year
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 37
Gazette.govt.nz —
NZ Gazette 2008, No 37
✨ LLM interpretation of page content
💰 Derivation Table of Financial Performance Measures for Counties Power Limited
💰 Finance & RevenueFinancial Performance, Counties Power Limited, Electricity Information Disclosure Requirements