New Zealand Gazette – 2008 – No. 55

Page 1561

✨ Financial Performance Measures

SCHEDULE 1 - PART 7

FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS

Derivation Table

	Input and Calculations	Symbol and formula	ROI	ROE	ROF
a	Operating surplus before interest and income tax from financial statements	9,080,856
b	Operating surplus before interest and income tax adjusted pursuant to requirement 18 (OSBIT)	9,080,858
c	Interest on cash, bank balances, and short-term investments (STI)	3,469,112	a
d	Net surplus after tax from financial statements (NSAT)	3,248,139
e	Net surplus after tax adjusted pursuant to requirement 18 (NSAT')	3,218,139			add
f	Amortisation of goodwill and amortisation of other intangibles	0		add
g	Subvention payment	0		add
h	Depreciation of SFA at ODV (k)	3,427,888		add
i	ODV/depreciation adjustment	170,191		deduct
j	Supervision payment tax adjustment	0			add
k	Interest tax shield	1,154,707		deduct
l	Revaluations	2,363,604		add	deduct
m	Income tax	0		deduct

| n | Fixed assets at end of previous financial year (FAₚ) | 81,855,940 | | | |
| o | Adjusted assets at end of current financial year (AAT) | 86,882,169 | | | |
| p | Adjusted net working capital at end of previous financial year (ANWCₚ) | 254,202 | | | |
| q | Adjusted total funds employed (ATFE) for requirement 32 time-weighted average | -408,100 | | | |
| r | Total equity at end of previous financial year (TEₚ) | 98,786,587 | | | |
| s | Total equity at end of current financial year (TE) | 99,788,697 | | e | |
| t | Total assets at end of current financial year (for requirement average) | 50,799,853 | | | k |
| u | Average total equity (for requirement 32 time-weighted average) | 50,528,743 | | | |

Formula

	OSBIT' / o	NSAT' / s	OCFBIT' / t
ROI	5,581,744
	add: a
ROE		3,218,139
		add: e
		add: c	3,328,330
			n = g + s + i - d
ROF			5,691,825
			add: h
			add: l
	110,191	110,191
	deduct: i	deduct: i
	1,154,701		1,154,701
	deduct: k
		2,363,904	2,173,624
		deduct: l	add: m = p + q - r + s