Public Domain 2005: MKT: Table C

June Return 2005 Public Domain

Mid Kent

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	16.287	16.287	17.053	19.571	16.920	18.590	16.589	16.419
2	Total capital expenditure (excl. adopted and nil cost assets) - water service	£m	11.439	22.514	23.160	20.237	27.621	21.135	21.722	22.119
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	37.789	38.865	40.544	33.831	35.917	36.831	38.906	39.164
6	Current cost operating costs (including CCD and IRC)	£m	-23.351	-23.438	-24.834	-27.884	-26.027	-29.327	-27.593	-28.012
7	Current cost operating profit	£m	16.266	15.797	16.690	7.961	10.749	9.447	13.435	11.958
	CAPITAL BASE & POST TAX RETURN
8	Capital Value Yr End (outturn)	£m	111.217	119.371	126.720	142.476	153.090	166.294	175.075	193.090
9	Total net debt	£m	38.751	35.408	33.658	37.493	54.747	127.574	142.005	150.800
10	Post-tax Return on Capital	%	15.40	13.74	13.71	5.88	6.86	3.09	6.88	6.43
	KEY FINANCIAL INDICATORS
11	Interest Cover	ratio	12.75	5.35	5.47	2.93	3.09	2.11	2.14	1.71
12	Gearing (D/D+Equity)	ratio	0.46	0.40	0.35	0.37	0.49	0.80	0.81	0.78
13	Cash Interest Cover I (EBITDA)	ratio	14.95	7.52	7.22	5.29	4.44	1.98	4.87	8.76
14	Cash Interest Cover II (EBIDA)	ratio	13.42	6.87	6.18	4.53	4.61	1.87	4.77	7.15

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.