| FIVE YEAR ECONOMIC SUMMARY |
MAR 08 |
MAR 09 |
MAR 10 |
MAR 11 |
MAR 12 |
| Electricity customer numbers (000's) |
222 |
227 |
225 |
221 |
209 |
| Telecommunication customer numbers (000's) |
26 |
30 |
33 |
35 |
38 |
| Customer sales (GWh) |
4,540 |
4,031 |
4,103 |
4,033 |
3,960 |
| Average spot price of electricity purchased ($/MWh) |
73 |
120 |
56 |
59 |
78 |
| Hydro generation production (GWh) |
1,472 |
1,568 |
1,435 |
1,737 |
1,934 |
| New Zealand wind generation production (GWh) |
546 |
558 |
582 |
550 |
648 |
| Average spot price of electricity generated ($/MWh) |
68 |
114 |
50 |
51 |
72 |
| Australian wind generation production (GWh) |
- |
254 |
373 |
328 |
376 |
|
|
|
|
|
|
|
$M |
$M |
$M |
$M |
$M |
| Operating Revenue |
681 |
785 |
759 |
766 |
807 |
| |
|
|
|
|
|
| EBITDAF |
208 |
262 |
274 |
274 |
300 |
| Fair Value Movements of Financial Instruments |
1 |
(20) |
13 |
0 |
(8) |
| Asset Impairment |
0 |
(1) |
(6) |
0 |
(0) |
| Amortisation and Depreciation |
(32) |
(44) |
(55) |
(55) |
(58) |
| Net Interest Paid |
(40) |
(52) |
(59) |
(62) |
(63) |
| Tax Expense |
| OPERATING SURPLUS |
98 |
105 |
119 |
112 |
132 |
| |
|
|
|
|
|
| Underlying Earnings After Tax |
93 |
119 |
117 |
116 |
135 |
| |
| SHAREHOLDERS' EQUITY |
1,257 |
1,430 |
1,437 |
1,418 |
1,571 |
| |
|
|
|
|
|
| Current and Other Assets |
254 |
114 |
157 |
135 |
165 |
| Fixed Assets |
2,057 |
2,373 |
2,366 |
2,436 |
2,585 |
| Intangible Assets |
| TOTAL ASSETS |
2,351 |
2,527 |
2,559 |
2,605 |
2,796 |
| |
|
|
|
|
|
| Current and Other Liabilities |
231 |
114 |
313 |
120 |
251 |
| Deferred Tax Liability |
207 |
251 |
267 |
257 |
300 |
| Term Debt |
| TOTAL LIABILITIES |
1,094 |
1,097 |
1,122 |
1,187 |
1,225 |
| |
| NET ASSETS |
1,257 |
1,430 |
1,437 |
1,418 |
1,571 |
| |
|
|
|
|
|
| Earnings Per Share (cents) |
31 |
33 |
38 |
36 |
42 |
| Dividends Per Share (cents) |
30 |
33 |
38 |
39 |
40 |
| Return on Average Shareholders' Funds |
7.5% |
7.8% |
8.3% |
7.9% |
8.8% |