Public Domain 2005: SST: Table C

June Return 2005 Public Domain

South Staffs

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	34.753	35.496	34.607	34.204	34.380	32.398	33.052	32.100
2	Total capital expenditure (excl. adopted and nil cost assets) - water service	£m	25.405	17.759	20.521	19.616	26.410	25.264	29.568	18.321
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	56.461	58.103	59.450	58.347	59.126	58.836	60.427	61.813
6	Current cost operating costs (including CCD and IRC)	£m	-45.954	-47.100	-46.591	-46.537	-47.242	-46.381	-48.386	-48.328
7	Current cost operating profit	£m	8.589	10.892	12.723	11.664	10.792	11.815	11.415	13.123
	CAPITAL BASE & POST TAX RETURN
8	Capital Value Yr End (outturn)	£m	109.158	112.837	121.602	122.296	130.685	146.371	162.032	167.548
9	Total net debt	£m	16.285	15.083	12.772	16.193	22.956	96.306	105.658	111.975
10	Post-tax Return on Capital	%	8.24	9.84	10.97	9.63	6.61	7.52	6.46	6.83
	KEY FINANCIAL INDICATORS
11	Interest Cover	ratio	13.63	12.21	15.99	14.21	13.66	3.36	2.57	2.63
12	Gearing (D/D+Equity)	ratio	0.22	0.19	0.15	0.18	0.24	0.89	0.87	0.88
13	Cash Interest Cover I (EBITDA)	ratio	29.48	15.76	26.75	29.12	21.26	10.27	6.93	6.27
14	Cash Interest Cover II (EBIDA)	ratio	26.41	13.61	23.47	23.82	18.08	9.03	6.72	5.86

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.