New Zealand Gazette – 2008 – No. 7

Page 216

✨ Financial Performance Measures



DEVIATION TABLE K

SYMBOL IN FORMULA INPUT AND CALCULATIONS (for regulation 33 time-weighted average) ROF ROE ROI
Revaluations r deduct
Half of revaluations 12.301.634 11.923.124 0
Intangible assets at end of previous financial year (IAA(_t)) 11.543.614 deduct
Intangible assets at end of current financial year (IAA(_0)) (or regulation 33 time-weighted average) 0 0
m
Subvention payment at end of previous financial year (S(_t)) 0
Subvention payment at end of current financial year (S(_1)) 0 add 0
Subvention payment tax adjustment at end of current financial year Subvention payment * related tax adjustment
Average fixed assets at end of previous financial year at book value (SFA(_t)) 90,027.311
Average fixed assets at end of current financial year at book value (SFA(_0)) 107.646.492 98.836.901
System Fixed assets at end of previous financial year at ODV value (SF(_t)) @ regulation 33 time-weighted average deduct
System Fixed assets at year beginning of current financial year at ODV value (SF(_1)) 89.423.221
System Fixed assets at end of current financial assets at ODV value (SF(_A)) 89.663.630 98.836.901
Average value of system fixed assets (for regulation 33 time-weighted average) 89.543.426 89.543.426 add
h
90.896.669 90.896.669
ROF = OSBIIL(^{(20)}) / ATFE(^{(20)}) * 100 7.85 7.86
ATFE(^{(20)}) = c f a 91.528.230
ROE = NSAT(^{(20)}) / ATFE(^{(20)}) * 100 7.82

Financial Performance Measure:

  • BV = book value

  • subscript: ‘1’ = end of the previous financial year

  • subscript: ‘0’ = end of the current financial year

  • ROI = optimised deprival valuation return on equity

  • ROE = return on equity

  • ROF = return on funds

Denominator:

  • Average Total Funds Employed (ATFE(^{(20)})) = c f a
  • ATFE(^{(20)}) = OSBIIL(^{(20)}) / ROF * 100

(c = maximum statutory income tax rate applying to corporate entities subject to the previous financial year; f = average equity ratio; a = average fixed assets)



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2008, No 7


Gazette.govt.nz — PDF NZ Gazette 2008, No 7




✨ LLM interpretation of page content

🌾 Financial Performance Measures for Electricity Sector (continued from previous page)

🌾 Primary Industries & Resources
Electricity, Financial Performance, Return on Funds, Return on Equity, Return on Investment, Book Value, Fixed Assets, Subvention Payment