Public Domain 2005: BRL: Table C

June Return 2005 Public Domain

Bristol

Boards Overview, Table C
Expenditure and Financial Performance measures


	Description	Units	1997-98	1998-99	1999-00	2000-01	2001-02	2002-03	2003-04	2004-05

	TOTAL EXPENDITURE
1	Total operating expenditure - water service	£m	33.572	33.881	36.466	33.314	35.262	35.237	34.943	37.773
2	Total capital expenditure (excl. adopted and nil cost assets) - water service	£m	28.369	31.536	20.277	20.361	25.938	23.429	27.960	20.178
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	62.032	64.764	67.688	63.250	66.005	67.853	68.797	68.347
6	Current cost operating costs (including CCD and IRC)	£m	-49.074	-49.907	-53.138	-50.627	-53.767	-54.321	-53.847	-57.189
7	Current cost operating profit	£m	12.996	14.608	15.170	12.751	12.729	13.854	14.859	11.171
	CAPITAL BASE & POST TAX RETURN
8	Capital Value Yr End (outturn)	£m	122.795	128.798	136.417	160.084	168.446	183.132	208.371	234.953
9	Total net debt	£m	49.237	66.468	66.594	62.594	71.308	74.805	140.347	138.467
10	Post-tax Return on Capital	%	11.08	11.65	8.08	8.04	6.38	6.65	6.12	4.04
	KEY FINANCIAL INDICATORS
11	Interest Cover	ratio	4.71	4.22	3.99	3.85	3.90	3.70	3.07	2.42
12	Gearing (D/D+Equity)	ratio	0.42	0.48	0.50	0.43	0.49	0.54	0.67	0.67
13	Cash Interest Cover I (EBITDA)	ratio	6.86	6.23	6.01	7.63	6.20	5.27	5.46	6.36
14	Cash Interest Cover II (EBIDA)	ratio	6.32	5.90	5.58	6.97	5.78	4.75	4.97	6.02

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.