New Zealand Gazette – 2008 – No. 4

Page 92

✨ Financial Performance Measures



92

NEW ZEALAND GAZETTE, No. 4

11 JANUARY 2008

Network Waitaki Limited Lines Business

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS - YEAR ENDED 31 MARCH 2007

Input and Calculation Symbol ROF ROE ROI
Operating surplus before interest and income tax from financial statements 1,931,866
Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBII) 1,931,866
Interest on cash, bank balances, and short-term investments (ISTI) 412,140
OSBIIT minus ISTI 1,519,726 a 1,519,726 1,519,726
Net surplus after tax from financial statements 981,436
Net surplus after tax adjusted pursuant to regulation 18 (NSAT) 981,436 n 981,436
Amortisation of goodwill and amortisation of other intangibles 0 g 0 add 0 add 0
Subvention payment 0 s 0 add 0 add 0
Depreciation of SFA at BV (x) 2,316,799
Depreciation of SFA at ODV (y) 2,143,187
ODV depreciation adjustment 173,612 d 173,612 add 173,612 add 173,612
Subvention payment tax adjustment 0 s*t deduct 0
Interest tax shield 136,006 q deduct 136,006
Revaluations 0 r add 0
Income tax 950,430 p deduct 950,430
Numerator 1,693,338 1,155,049 606,903
OSBIIT^{ADJ} = NSAT^{ADJ} = OSBIIT^{ADJ} = a + g - q + r
a + g + s + d *n + g + s - st + d** *s + d - p - st**
Property, Plant & Equipment at end of previous financial year (FA0) 52,721,490
Property, Plant & Equipment at end of current financial year (FA1) 54,977,775
Adjusted net working capital at end of previous financial year (ANWC0) (1,117,102)
Adjusted net working capital at end of current financial year (ANWC1) (1,046,141)
Average total funds employed (ATFE) 52,768,007 c 52,768,007 52,768,007
Total equity at end of previous financial year (TE0) 51,000,626
Total equity at end of current financial year (TE1) 55,382,064
Average total equity 53,141,346 k 53,141,346
WUC at end of previous financial year (WUC0) 1,786,563
WUC at end of current financial year (WUC1) 771,250
Average total works under construction 1,278,907 e deduct 1,278,907 deduct 1,278,907 1,278,907
Half of revaluations 0 r/2 deduct 0
Intangible assets at end of previous financial year (IA0) 0
Intangible assets at end of current financial year (IA1) 0
Average total intangible assets 0 m add 0
Subvention payment at end of previous financial year (S0) 0
Subvention payment at end of current financial year (S1) 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 0
System Property, Plant & Equipment at end of previous financial year at book value (SFAbv0) 49,702,911
System Property, Plant & Equipment at end of current financial year at book value (SFAbv1) 52,896,714
Average value of system Property, Plant & Equipment at book value 51,299,813 f deduct 51,299,813 deduct 51,299,813 deduct 51,299,813
System Property, Plant & Equipment at year beginning at ODV value (SFAodv0) 49,702,911
System Property, Plant & Equipment at end of current financial year at ODV value (SFAodv1) 51,426,562
Average value of system Property, Plant & Equipment at ODV value 50,564,737 h add 50,564,727 add 50,564,727 add 50,564,727
Denominator 50,754,015 51,127,353 50,754,015
ATFE^{ADJ} = c - e - f + h Ave TE^{ADJ} = k - e - m + v - f + h ATFE^{ADJ} = c - e - f + h
Financial Performance Measure: ROF = ROE = ROI =
OSBIIT^{ADJ} / ATFE^{ADJ} x 100 NSAT^{ADJ} / Ave TE^{ADJ} x 100 OSBIIT^{ADJ} / ATFE^{ADJ} x 100
3.34% 2.26% 1.20%

t = maximum statutory income tax rate applying to corporate entities
bv = book value
ave = average
odv = optimised deprival valuation
subscript '0' = end of the previous
subscript '1' = end of the current financial year
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 4


Gazette.govt.nz — PDF NZ Gazette 2008, No 4




✨ LLM interpretation of page content

🏭 Network Waitaki Limited Network Statistics (continued from previous page)

🏭 Trade, Customs & Industry
Network Statistics, Electricity, Reliability, Performance Measures, Interruptions, Faults, Network Waitaki Limited