Public Domain 2006: BRL: Table C

June Return 2006 Public Domain

Bristol

Boards Overview, Table C
Expenditure and Financial Performance measures


	Description	Units	2002-03	2003-04	2004-05	2005-06

	TOTAL EXPENDITURE
1	Total operating expenditure - water service	£m	35.237	34.943	37.773	37.584
2	Total capital expenditure (excl. adopted and nil cost assets) - water service	£m	23.429	27.960	20.178	22.553
3	Total operating expenditure - sewerage service	£m
4	Total capital expenditure (excl. adopted and nil cost assets) - sewerage service	£m
	CURRENT COST ACCOUNTS - PROFIT & LOSS
5	Turnover	£m	67.853	68.797	68.347	79.739
6	Current cost operating costs (including CCD and IRC)	£m	-54.321	-53.847	-57.189	-61.821
7	Current cost operating profit	£m	13.854	14.859	11.171	17.830
	CAPITAL BASE & POST TAX RETURN
8	Capital value year end (outturn)	£m	183.132	208.371	234.953	234.489
9	Total net debt	£m	74.805	140.347	138.467	177.171
10	Post tax return on capital	%	6.65	6.12	4.04	6.35
	KEY FINANCIAL INDICATORS
11	Cash interest cover (funds from operations; gross interest)	ratio	4.96	4.55	3.67	4.43
12	Adjusted cash interest cover (funds from operations less capital charges; gross interest)	ratio	1.78	1.83	1.45	2.03
13	Adjusted cash interest cover (funds from operations less capital maintenance; gross interest)	ratio	2.68	2.00	2.18	3.10
14	Funds from operations: debt	ratio	0.32	0.18	0.17	0.20
15	Retained cash flow: debt	ratio	0.21	0.06	0.14	0.10
16	Gearing: D/RCV	%	40.85	67.35	58.93	75.56

The line 8 Capital Value Yr End (outturn) value for 2004-05 has been recalculated from 1997-98 to outturn prices using year end RPI for 2004-05 divided by year end RPI for 1997-98. This results in values which are consistent with those published in RD 07/05. The method of indexation applied to values for previous years is unchanged. They are calculated using RPI financial year end for 2004-05 divided by financial year average for 1997-98. For 2005-06 onwards, we put published RCVs in 'Future water and sewerage charges 2005-10: Final Determinations' (Appendix 7). These are in 2002-03 year end prices. These are then inflated to outturn prices using the year end RPI for the relevant year, divided by the year end RPI for 2002-03.