Sustainability Report 2006/07Key performance indicators
Key performance indicators - financial |
2005/06 |
2006/07 |
|||
Target |
Result |
Target |
Result |
Target met |
|
| Maintain financial viability | |||||
|---|---|---|---|---|---|
| BEVA (Business Economic Value Added) margin (%) | -0.8 |
0.2 |
-0.7 |
0.5 |
√√ |
| Meet regulated water plan operating expenditure ($M) |
186.8 |
178.6 |
√√ |
||
| Earnings before interest and taxes interest cover – actual (times) |
3.0 |
3.8 |
2.9 |
3.0 |
√√ |
| Cash returns to Government (dividend + Tax + Financial Accommodation Levy + Local Govt Rate Equivalent) ($M) | 170.3 |
135.4 |
126.9 |
117.4* |
X |
| Gearing (interest-bearing debt/interest-bearing debt plus equity) – actual (%) |
42.1 |
40.7 |
43.1 |
41.3** |
X |
| Return on equity – actual (%) | 6.4 |
9.2 |
6.0 |
7.1 |
√√ |
√ Target met √√ Target exceeded X Target not met
*Target was not achieved due to the deferral of payment for the interim dividend in accordance with advice received from the Department of Treasury and Finance (The target would have been achieved if the interim dividend was paid in April 2007).
**Target was not achieved due mainly to lower than planned borrowings as a result of lower operating expenditure.