New Zealand Gazette – 2008 – No. 38

Page 880

✨ Financial Performance Measures



SCHEDULE 1 - PART 7 / 2004 EST OF ACTUAL

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table March 2007

Input and Calculations Symbol in Formula ROF ROE ROI
Operating surplus before interest and income tax from financial statements 5,072
Operating surplus before interest and income tax adjusted pursuant to regulation 16 (OSBIT) 5,072 5,070
Interest on cash, bank balances, and short term investments (ISTI) 21 a
OSBIT minus ISTI 5,070 6,070 5,070
Net surplus after tax from financial statements 4,269
Net surplus after tax adjusted pursuant to regulation 18 (NSAT) 4,269 4,269
Amortisation of goodwill and amortisation of other intangibles 0 g, e add add add
Subvention payment 0 add add add
Depreciation of SFA at BV (x) 5,764
Depreciation of SFA at ODV (y) 5,764 d add add add
ODV depreciation adjustment 0 r deduct deduct deduct
Subvention payment tax adjustment 0 *
Interest tax shield 0 q add
Revaluations 0 deduct
Income tax 780 p deduct 780
Numerator: OSBIT^(c) = a + g + s + o NSAT^(d) = h + g + s - a + r - d OSBIT^(e) = a + g + r + s + d - s*
Fixed assets at end of previous financial year (FAp) 129,011
Fixed assets at end of current financial year (FAc) 133,773
Adjusted net working capital at end of previous financial year (ANWCp) -225
Adjusted net working capital at end of current financial year (ANWCc) -509
Average total funds employed (ATFE) 131,026 c (for regulation 33 time-weighted average) 131,026 131,026
Total equity at end of previous financial year (TEp) 128,857
Total equity at end of current financial year (TEc) 133,114 130,974
Average total equity (TEave) 130,974 k (for regulation 33 time-weighted average) 130,974
WUC at end of previous financial year (WUCp) 0
WUC at end of current financial year (WUCc) 0
Average total works under construction 0 e (for regulation 33 time-weighted average) deduct deduct deduct
Revaluations 0 f
Half 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 add
Average total intangible asset 0 m (for regulation 33 time-weighted average) add
Subvention payment at end 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) 127,550 deduct 129,973
System fixed assets at end of current financial year at book value (SFAc) 132,387 129,973 deduct 129,973
Average value of system fixed assets at book value 129,973 f (for regulation 33 time-weighted average) 129,973
System Fixed assets at year beginning at ODV value (SFApODV) 127,550
System Fixed assets at end of current financial year at ODV value (SFAcODV) 132,387 h add 129,973
Average value of system fixed assets at ODV value 129,973 (for regulation 33 time-weighted average) 129,973
Denominator: ATFE^(a) = c + e - i + n TE^(b) = k + e - m + v - f ATFE^(c) = c + e + ½ i + f

Financial Performance Measure:

  • ROF = OSBIT^(c)/ATFE^(a) * 100
  • ROE = NSAT^(d)/TE^(b) * 100
  • ROI = OSBIT^(e)/ATFE^(c) * 100

Notes:

1 = maximum statutory income tax rate applying to corporate entities
b = by book value
ave = average
dcv = optimised deprival valuation
ROF = return on funds
ROE = return on equity
ROI = return on investment



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 38


Gazette.govt.nz — PDF NZ Gazette 2008, No 38




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🏭 Financial Statements for MainPower New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
Financial Statements, Commerce Act, Electricity Information Disclosure, MainPower New Zealand Limited