|
|
|
Income Statements
|
| |
|
|
|
|
|
|
|
|
GROUP
|
PARENT
|
|
|
|
2008
|
2007
|
2008
|
2007
|
FOR THE YEAR ENDED 31 MARCH 2008
|
Note
|
$000
|
$000
|
$000
|
$000
|
| |
|
Operating Revenue
|
|
Electricity sales
|
|
656,961
|
617,707
|
656,961
|
617,707
|
|
Meter rental revenue
|
|
3,846
|
3,523
|
3,846
|
3,523
|
|
Other customer fees and charges
|
|
3,394
|
3,891
|
3,381
|
3,891
|
|
Telecommunications sales
|
|
12,670
|
675
|
12,670
|
675
|
|
Other operating revenue
|
|
4,585
|
521
|
4,502
|
521
|
|
|
|
681,456
|
626,317
|
681,360
|
626,317
|
| |
|
Operating Expenses
|
|
Energy costs
|
|
179,643
|
160,391
|
179,643
|
160,391
|
|
Generation production costs
|
|
27,780
|
20,787
|
27,572
|
20,787
|
|
Line costs
|
|
187,947
|
186,552
|
187,947
|
186,552
|
|
Market fees and costs
|
|
18,183
|
14,282
|
18,183
|
14,282
|
|
Meter rental costs
|
|
2,606
|
2,408
|
2,606
|
2,408
|
|
Other customer connection costs
|
|
939
|
1,075
|
939
|
1,075
|
|
Other fixed and investment asset charges/(credits)
|
9
|
(408)
|
872
|
318
|
(5,266)
|
|
Employee benefits
|
|
24,554
|
20,819
|
24,554
|
20,819
|
|
Telecommunications cost of sales
|
|
9,246
|
598
|
9,246
|
598
|
|
Other operating expenses
|
10
|
22,933
|
22,102
|
35,150
|
28,367
|
|
|
|
473,423
|
429,886
|
486,158
|
430,013
|
| |
|
Earnings Before Interest, Tax, Depreciation, Amortisation and Fair Value Movements of Financial Instruments (EBITDAF)
|
|
208,033
|
196,431
|
195,202
|
196,304
|
| |
|
Fair value (gains) / losses on financial instruments
|
5
|
(985)
|
(2,425)
|
(654)
|
(2,425)
|
|
Amortisation of intangible assets
|
23
|
5,145
|
4,227
|
5,145
|
4,227
|
|
Depreciation
|
20
|
27,249
|
23,826
|
13,511
|
17,266
|
|
Operating Profit
|
|
176,624
|
170,803
|
177,200
|
177,236
|
| |
|
Interest paid
|
11
|
41,274
|
28,940
|
45,647
|
33,619
|
|
Interest received
|
11
|
(1,462)
|
(1,584)
|
(6,141)
|
(6,454)
|
|
Net finance costs
|
|
39,812
|
27,356
|
39,506
|
27,165
|
| |
|
|
Profit Before Income Tax
|
|
136,812
|
143,447
|
137,694
|
150,071
|
| |
|
Income tax expense
|
12
|
38,679
|
41,018
|
41,970
|
43,532
|
| |
|
|
Profit After Tax Attributable to the Shareholders of the Company
|
|
98,133
|
102,429
|
95,724
|
106,539
|
| |
|
Basic earnings per share (cents per share)
|
7
|
31.1
|
32.5
|
30.4
|
33.8
|
|
Diluted earnings per share (cents per share)
|
7
|
31.1
|
32.4
|
30.3
|
33.7
|
|