Public Domain 2005: SES: Table C

June Return 2005 Public Domain

Sutton & East Surrey

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	19.429	19.339	20.185	19.608	19.081	19.892	21.251	20.608
2	Total capital expenditure (excl. adopted and nil cost assets) - water service	£m	8.502	13.543	18.278	12.276	14.442	16.516	21.837	23.389
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	41.633	42.174	41.053	35.330	37.238	38.828	39.614	40.036
6	Current cost operating costs (including CCD and IRC)	£m	-28.793	-28.531	-30.876	-28.141	-28.008	-29.228	-31.718	-30.886
7	Current cost operating profit	£m	11.961	13.406	10.200	7.870	11.506	10.550	8.108	9.119
	CAPITAL BASE & POST TAX RETURN
8	Capital Value Yr End (outturn)	£m	88.118	88.431	90.561	97.179	98.417	110.634	120.311	134.275
9	Total net debt	£m	-5.893	-4.606	3.818	45.603	47.033	53.336	61.676	71.089
10	Post-tax Return on Capital	%	13.82	15.22	11.51	8.27	9.97	10.92	6.64	9.57
	KEY FINANCIAL INDICATORS
11	Interest Cover	ratio	-40.13	-19.43	-57.11	15.30	4.43	3.66	1.93	2.08
12	Gearing (D/D+Equity)	ratio	-0.12	-0.09	0.06	0.44	0.47	0.48	0.52	0.55
13	Cash Interest Cover I (EBITDA)	ratio	-55.06	-30.98	-108.29	-37.17	33.61	20.87	14.41	14.86
14	Cash Interest Cover II (EBIDA)	ratio	-44.97	-25.19	-85.72	-40.74	30.12	18.81	15.59	15.50

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.