✨ Financial Performance Measures
4196 NEW ZEALAND GAZETTE, No. 172 27 NOVEMBER 2009
SCHEDULE 1 - PART 7
FORM FOR THE DERIVATION OF FINANCIAL PERFORMANCE MEASURES FROM FINANCIAL STATEMENTS
| Derivation Table | Input and Calculations | Symbol in formula | ROF | ROE | ROI |
|---|---|---|---|---|---|
| Operating surplus before interest and income tax from financial statements | 227,085 | ||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) | 227,085 | a | 227,085 | 227,085 | |
| Interest on cash, bank balances, and short-term investments (ISTI) | 0 | ||||
| OSBIT minus ISTI | 227,085 | ||||
| Net surplus after tax from financial statements | 80,835 | ||||
| Net surplus after tax adjusted pursuant to regulation 18 (NSAT) | 80,835 | n | 80,835 | ||
| Amortisation of goodwill and amortisation of other intangibles | 0 | g | add | add | add |
| Subvention payment | 0 | s | add | add | add |
| Depreciation of SFA at BV (s) | 0 | ||||
| Depreciation of SFA at ODV (y) | 0 | ||||
| ODV depreciation adjustment | 0 | d | add | add | add |
| Subvention payment tax adjustment | 0 | s*t | deduct | deduct | |
| Interest tax shield | 23,782 | q | deduct | 23,782 | |
| Revaluations | 0 | r | add | 0 | |
| Income tax | 18,307 | p | deduct | 18,307 | |
| Numerator | 227,085 | 80,835 | 184,996 | ||
| OSBIT^ADJ^ = a + g + s - d | NSAT^ADJ^ = n + g + s - s*t | OSBIT^ADJ^ = a - g - q + r + s - d - p - s*t | |||
| Fixed assets at end of previous financial year (FAp) | 2,525,381 | ||||
| Fixed assets at end of current financial year (FAc) | 2,796,454 | ||||
| Adjusted net working capital at end of previous financial year (ANWCp) | -101,554 | ||||
| Adjusted net working capital at end of current financial year (ANWCc) | -66,831 | ||||
| Average total funds employed (ATFE) (or regulation 33 time-weighted average) | 2,531,727 | c | 2,531,727 | 2,531,727 | |
| Total equity at end of previous financial year (TEp) | 1,233,016 | ||||
| Total equity at end of current financial year (TEc) | 1,313,381 | ||||
| Average total equity (or regulation 33 time-weighted average) | 1,273,199 | k | 1,273,199 | ||
| WUC at end of previous financial year (WUCp) | 316,765 | ||||
| WUC at end of current financial year (WUCc) | 439,816 | ||||
| Average total works under construction (or regulation 33 time-weighted average) | 378,291 | c | deduct | deduct | deduct |
| Revaluations | 0 | r | |||
| Half of revaluations | 0 | r/2 | deduct | 0 | |
| Intangible assets at end of previous financial year (IAp) | 0 | ||||
| Intangible assets at end of current financial year (IAc) | 0 | ||||
| Average total intangible asset (or regulation 33 time-weighted average) | 0 | m | deduct | 0 | |
| 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 current financial year | 0 | ||||
| Subvention payment tax adjustment at end of current financial year | 0 | v | add | 0 | |
| System fixed assets at end of previous financial year at book value (SFApv) | 0 | ||||
| System fixed assets at end of current financial year at book value (SFAcv) | 0 | ||||
| Average value of system fixed assets at book value (or regulation 33 time-weighted average) | 0 | f | deduct | deduct | deduct |
| System fixed assets at year beginning at ODV value (SFAodv) | 0 | ||||
| System fixed assets at end of current financial year at ODV value (SFAodv) | 0 | ||||
| Average value of system fixed assets at ODV value (or regulation 33 time-weighted average) | 0 | h | add | add | add |
| Denominator | 2,531,436 | 894,908 | 2,153,436 | ||
| ATFE^ADJ^ = c - e - f + h | ATFE^ADJ^ = k - e - m - v | ATFE^ADJ^ = c - e - f - h | |||
| Financial Performance Measure: | 10.5 | 9.0 | 8.6 | ||
| ROF = OSBIT^ADJ^/ATFE^ADJ^ x 100 | ROE = NSAT^ADJ^/ATFE^ADJ^ x 100 | ROI = OSBIT^ADJ^/ATFE^ADJ^ x 100 |
t = maximum statutory income tax rate applying to corporate entities; bv = book value; ave = average; odv = optimised deprival valuation (Transpower does not perform an ODV); subscript '0' = end of financial year; subscript '1' = end of the current financial year; ROF = return on funds
Transpower has included intangible assets with property, plant and equipment in the calculation of these ratios reflecting the nature of the intangible assets.
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NZ Gazette 2009, No 172
✨ LLM interpretation of page content
💰 Form for Derivation of Financial Performance Measures from Financial Statements
💰 Finance & RevenueFinancial Performance, Operating Surplus, Net Surplus, Fixed Assets, Equity, Works Under Construction, Intangible Assets, ROF, ROE, ROI