✨ Financial Performance Measures
28 NOVEMBER 2011
NEW ZEALAND GAZETTE, No. 184
5351
TRANSPOWER NEW ZEALAND LIMITED LINES BUSINESS GO
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 | 246.6 | ||||
| Operating surplus before interest and income tax adjusted pursuant to regulation 18 (OSBIT) | 246.6 | 246.6 | |||
| Interest on cash, bank balances, and short-term investments (IST); (OSBIT minus IST) | 0 | s | |||
| Net surplus after tax from financial statements: 'S' (NSAT); | 48.7 | 48.7 | 246.6 | ||
| Not surplus after tax adjusted pursuant to regulation: 'S' (NSA); | |||||
| Amortisation of goodwill and amortisation of other intangibles | 0 | add | add | add | |
| Subvention payment | 0 | add | add | add | |
| Depreciation of SFA at BV (v) | 0 | d | |||
| Depreciation of SFA at ODV (v) | 0 | add | add | ||
| ODV depreciation adjustment | 0 | d' | add | ||
| Subvention payment tax adjustment | 0 | deduct | deduct | ||
| Interest tax shield | 35.3 | q | deduct | ||
| Revaluations | 0 | 0 | |||
| Income tax | 21.1 | p | deduct | 24.1 | |
| Numerator | 246.6 | 48.7 | 150.2 |
| | OSBIT(^{ODV} = g + q + r + s) |
| | NSA(^{ODV} = n + g + s + t - u) |
| | ROI = OSBIT(^{ODV} / ATFE^{ODV} imes 100) |
| Fixed assets at end of previous financial year (FA({n-1})) | 3,070.1 |
| Fixed assets at end of current financial year (FA({n})) | 3,600.1 |
| Adjusted net working capital at end of previous financial year (ANWC({n-1})) | 61 |
| Adjusted net working capital at end of current financial year (ANWC({n})) | 73 |
| Average total funds employed (ATFE) | 3,267.7 |
| Total equity at end of previous financial year (TE({n-1})) | 1,343.1 |
| Total equity at end of current financial year (TE({n})) | 1,391.7 |
| Averages total equity | 1,387.4 |
| WNUC at end of previous financial year (WNUC({n-1})) | 474.8 |
| WNUC at end of current financial year (WNUC({n})) | 735.6 |
| Average total warta under construction | 604.9 |
| Revaluations | 0 |
| Half of revaluations | 0 |
| Intangible assets at end of previous financial year (IA({n-1})) | 0 |
| Intangible assets at end of current financial year (IA({n})) | 190.1 |
| Average total intangible asset | 190.1 |
| Subvention payment at end of previous financial year (S({n-1})) | 0 |
| Subvention payment at end of current financial year (S({n})) | 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 and adjustment |
| System fixed assets at end of previous financial year at book value (SFA({n-1})) | 3,070.1 |
| System fixed assets at end of current financial year at book value (SFA({n})) | 3,600.1 |
| Average value of system fixed assets at book value |
| System Fixed assets at year beginning at ODV value (SFA({n-1}^{ODV})) | |
| System Fixed assets at end of current financial year at ODV value (SFA({n}^{ODV})) | |
| Average value of system fixed assets at ODV value | |
| Denominator |
| | ATFE(^{ODV} = e + f + h) |
| | = 2,662.8 |
| | ATFE(^{ODV} = c - v + j + n) |
| Financial Performance Measures |
| | ROF = OSBIT(^{ODV} / ATFE^{ODV} imes 100 ) |
| | ROE = NSA(^{ODV} / TATE^{ODV} imes 100 ) |
| | ROI = OSBIT(^{ODV} / ATFE^{ODV} imes 100 ) |
lx = maximum statutorily income tax rate applying to corporate entities by = book value avc = average odv = optimised deprival valuation (Transpower does not perform an ODV) subscript 'm' = end of financial year subscript 'p' = 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 2011, No 184
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Related parties and key personnel compensation for Transpower New Zealand Limited
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