| Our Economic Performance |
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FIVE YEAR ECONOMIC SUMMARY
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Mar 13
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Electricity customer numbers (000’s)
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227
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225
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221
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209
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206
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Telecommunication customer numbers (000’s)
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30
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33
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35
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38
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43
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Customer sales (GWh)
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4,031
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4,103
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4,033
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3,960
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3,683
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Average spot price of electricity purchased ($/MWh)
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120
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56
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59
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78
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86
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Hydro generation production (GWh)
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1,568
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1,435
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1,737
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1,934
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1,692
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Wind generation production (GWh)
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558
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582
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550
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648
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638
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Average spot price of electricity generated ($/MWh)
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114
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50
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51
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72
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83
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$M
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Operating Revenue
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785
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759
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766
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807
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806
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EBITDAF
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262
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274
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274
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300
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295
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Fair Value Movements of Financial Instruments
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(20)
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13
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-
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(8)
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(6)
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Asset Impairment
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(1)
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(6)
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-
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-
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-
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Amortisation and Depreciation
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(44)
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(55)
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(55)
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(58)
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(66)
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Net Interest Paid
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(52)
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(59)
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(62)
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(63)
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(63)
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Tax Expense
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(37)
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OPERATING SURPLUS
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105
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119
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112
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132
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123
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Underlying Earnings After Tax
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127
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SHAREHOLDERS’ EQUITY
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1,430
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1,437
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1,418
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1,571
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1,552
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Current and Other Assets
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114
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157
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135
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165
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213
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Fixed Assets
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2,373
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2,366
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2,436
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2,585
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2,717
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Intangible Assets
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47
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TOTAL ASSETS
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2,527
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2,559
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2,605
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2,796
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2,977
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Current and Other Liabilities
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114
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313
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120
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251
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247
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Deferred Tax Liability
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251
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267
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257
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300
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292
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Term Debt
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886
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TOTAL LIABILITIES
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1,097
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1,122
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1,187
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1,225
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1,425
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NET ASSETS
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1,430
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1,437
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1,418
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1,571
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1,552
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Earnings Per Share (cents)
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33
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38
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36
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42
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39
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Dividends Per Share (cents)
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33
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38
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39
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40
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40
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Return on Average Shareholders’ Funds
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7.8%
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8.3%
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7.9%
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8.8%
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7.9%
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