✨ Financial Performance Measures
NEW ZEALAND GAZETTE, No. 53
5 MARCH 2008
1491
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Symbol in formula | Input and Calculations |
|---|---|---|
| Operating surplus before interest and income tax from financial statements (OSBIT) | 29,831,694 | |
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) | a | 29,831,694 |
| Interest on cash, bank balances, and short-term investments | 138,858 | |
| OSBIT minus IST | 29,692,736 | |
| Net surplus after tax from financial statements | 16,126,762 | |
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | n | 16,126,762 |
| Amortisation of goodwill and amortisation of other intangibles | 0 | |
| Subvention payment | add | |
| Depreciation of SFA at BV (t) | c | 16,516,378 |
| Depreciation of SFA at ODV (t) | 11,392,864 | |
| CDV depreciation adjustment | d | 5,123,514 |
| Subvention payment tax adjustment | add | |
| Interest tax shield | e | 3,970,861 |
| Revaluations | deduct | |
| Income tax | f | 1,534,167 |
| Numerator | ||
| --- OSBIT(\text{adj}) = a + g - r + s + t - e - s(\text{t}) | OSBIT(\text{ADJ}) | 30,185,822 |
| Fixed assets at end of current financial year (FA(\text{t})) | 452,628,233 | |
| Fixed assets at end of previous financial year (FA(\text{t-1})) | 467,294,493 | |
| Adjusted net working capital at end of current financial year (ANWC(\text{t})) | -4,042,202 | |
| Adjusted net working capital at end of previous financial year (ANWC(\text{t-1})) | 2,162,202 | |
| Average total funds employed (ATFE) | g = ( rac{\text{FA}t + \text{FA}{t-1}}{2}) + ANWC(\text{t}) | 456,714,462 |
| Total equity at end of previous financial year (TE(\text{t-1})) | 319,989,630 | |
| Total equity at end of current financial year (TE(\text{t})) | 310,471,528 | |
| Average total equity | h = ( rac{\text{TE}t + \text{TE}{t-1}}{2}) | 315,230,579 |
| WUC at end of previous financial year (WUC(\text{t-1})) (regulation 33 time-weighted average) | 5,204,000 | |
| WUC at end of current financial year (WUC(\text{t})) (regulation 33 time-weighted average) | 19,235,000 | |
| Average total works under construction | i | 12,219,500 |
ROF
| ROF Formulae | |
|---|---|
| OSBIT | 29,692,736 |
| add | |
| add | |
| deduct | |
| OSBIT(\text{ADJ}) = a + g - r + s + t - e - s(\text{t}) | 30,185,822 |
ROE
| ROE Formulae |
|---|
| NSAT |
| NSAT(\text{ADJ}) = n + g - i + s + t - e - s(\text{t}) |
ROI
| ROI Formulae |
|---|
| OSBIT |
| OSBIT(\text{ADJ}) = a + g - r + s + t - d |
Note:
- add = addition
- deduct = deduction
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 53
Gazette.govt.nz —
NZ Gazette 2008, No 53
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