STEM help / Calculation framework

Results beginning with ‘A’

Actual Gearing

A measure of the balance between borrowing and equity in the business, which will be less than or equal to the Target Gearing input.

Include: Standard

Admin Cost

The administration cost for each connection to Services in a period, e.g., the cost of billing customers, independent of Resources used.

For a Service: the product of the Calibration Period per-connection Admin Cost input, the normalised Administration Cost Trend and the number of Connections.

Include: Standard

Aggregate Count

The output of an aggregate transformation; N/A if instantaneous.

Consolidation: Sum.

Include: Essential

Amortisation

Capitalised expenditure on intangible assets (as opposed to Depreciation for tangible assets), used to calculate profitability. The sum of Depreciation and Amortisation is also known as Capital Charge.

For a Resource with input Tangible = No: Capital Expenditure charged as depreciation over the Financial Lifetime.

Include: Standard

Amortisation (Debt Facility)

Repayment of borrowing from a Debt Facility.

Include: Essential

Amortisation Frequency

How many repayments are made to a particular Debt Facility in a year.

Include: Advanced

Amortisation Frequency in Period

How many repayments are made to a particular Debt Facility in a given period.

Include: Advanced

Amortise

Whether or not a Debt Facility has passed the principal grace period.

Include: Advanced

Amortise From

The beginning of the amortisation period.

Include: Advanced

Amortise Next Year

Whether or not a Debt Facility will have passed the principal grace period in the following year.

Include: Advanced

Amortise To

The end of the amortisation period.

Include: Advanced

Ann Traffic/Connection Demand Ratio

The proportion by which the Annual Traffic per Connection is changed due to feedback from the Connection Tariff.

Include: Advanced

Ann Traffic/Connection Elasticity

The extent to which a change in the Connection Tariff introduces a change in the Annual Traffic per Connection.

The Price Elasticity input.

Include: Advanced

Ann Traffic/Connection Reference Tariff

The connection tariff which qualifies the Annual Traffic per Connection input. The actual Annual Traffic per Connection is scaled from the input, according to proportional changes in the actual tariff charged compared to the Reference Tariff, to an extent governed by the corresponding Price Elasticity.

The Reference Tariff input.

Include: Advanced

Ann Traffic Rental Demand Ratio

The proportion by which the Annual Traffic per Connection is changed due to feedback from the Rental Tariff.

Include: Advanced

Ann Traffic/Rental Elasticity

The extent to which a change in the Rental Tariff introduces a change in the Annual Traffic per Connection.

The Price Elasticity input.

Include: Advanced

Ann Traffic/Rental Reference Tariff

The rental tariff which qualifies the Annual Traffic per Connection input. The actual Annual Traffic per Connection is scaled from the input, according to proportional changes in the actual tariff charged compared to the Reference Tariff, to an extent governed by the corresponding Price Elasticity.

The Reference Tariff input.

Include: Advanced

Ann Traffic/Usage Demand Ratio

The proportion by which the Annual Traffic per Connection is changed due to feedback from the Usage Tariff.

Include: Advanced

Ann Traffic/Usage Elasticity

The extent to which a change in the Usage Tariff introduces a change in the Annual Traffic per Connection.

The Price Elasticity input.

Include: Advanced

Ann Traffic/Usage Reference Tariff

The usage tariff which qualifies the Annual Traffic per Connection input. The actual Annual Traffic per Connection is scaled from the input, according to proportional changes in the actual tariff charged compared to the Reference Tariff, to an extent governed by the corresponding Price Elasticity

The Reference Tariff input.

Include: Advanced

Annual Beginning

The beginning of the current period in elapsed time from the beginning of the current year.

Include: Advanced

Annual Cum. Dividends Declared

Cumulative dividends declared within the current year.

Include: Standard

Annual Cum. EBITDA

Cumulative EBITDA declared within the current year.

Include: Standard

Annual Cum. Free Cashflow

Cumulative Free Cashflow declared within the current year.

Include: Standard

Annual Cum. Net Profit

Cumulative Net Profit declared within the current year.

Include: Standard

Annual Cum. Pre-Tax Profit

Cumulative Pre-Tax Profit declared within the current year.

Include: Standard

Annual Cum. Tax Charge

Cumulative Tax Charge within the current year. When modelling quarters or months, this represents the total Tax Charge for the year to date, and is used to calculate the Tax Payable and Tax Payable Base results.

For the first period of each year, equal to Tax Charge, otherwise the previous value of Annual Cumulative Tax Charge plus the current Tax Charge.

Include: Standard

Annual Cum. Taxable Profit

Cumulative Taxable Profit declared within the current year.

Include: Standard

Annual End

The end of the current period in elapsed time from the beginning of the current year.

Include: Advanced

Annual Revenue

The equivalent revenue that a Service would accrue in a year at the same rate as the current period.

For a Service: Revenue divided by Period Length.

Include: Standard

Annual Revenue/Conn

The Annual Revenue divided by Connections.

Include: Standard

Annual Traffic

The equivalent traffic that would be generated by connections to a Service in a year at the same rate as the current period.

For a Service: the Annual Traffic per Connection multiplied by the number of Connections, both of which may be influenced by tariff feedback to demand.

Note: This result is calculated from the average number of connections over a year if the input Use Average Connections = Yes (the default).

Include: Standard

Annual Traffic/Conn

The actual Annual Traffic per Connection, which may be influenced by tariff feedback to demand.

The Annual Traffic per Connection input, multiplied by the corresponding Connection, Rental and Usage Demand Ratios.

Note: This result is back-calculated from the Busy Hour Traffic and Distribution groups of inputs in the service Demand dialog if the input Traffic Calculation = Peak Driven.

Include: Standard

Asset Equity Ratio

A measure of the extent to which the total operating assets of the business exceed shareholder equity.

The ratio of Total Assets less Cash Deposits and Investments to Equity.

Include: Standard

Asset Turnover

A measure of the efficiency with which the network generates revenue from its total operating assets.

The ratio of Revenue to Total Assets less Cash Deposits and Investments.

Include: Standard

Available (N)

Whether a Debt Facility will provide funding during this period, depending on the Sequence Index of the facility where appropriate.

Include: Advanced

Average Balance

Include: Standard

Average Connections

The average of year-beginning and year-end connections.

Consolidation: Average.

Include: Essential for a service or market segment, Standard for a network.

Average Creditor Days

The average number of days credit taken before paying accounts.

For a Service: the Average Creditor Days input.

For the Network: Creditors divided by the average daily Operating Costs (i.e., Operating Costs divided by 365).

Consolidation: Average.

Include: Standard

Average Debtor Days

The average number of days credit which customers take before paying bills.

For a Service: the Average Debtor Days input.

For the Network: Debtors divided by the average daily Revenue (i.e., Revenue divided by 365).

Consolidation: Average.

Include: Standard

Average Utilisation Ratio

A measure of the efficiency with which a resource is consumed. Only available for a consumable resource with zero lifetime.

For a resource: Consumption divided by Gross Consumption.

When consolidated, this shows aggregate Consumption divided by aggregate Gross Consumption over the corresponding months or quarters, in contrast to the standard Utilisation Ratio result which always consolidates to the last period

Consolidation: Quotient.

Include: Standard

 

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