Public Domain 2005: SVT: Table C

June Return 2005 Public Domain

Severn Trent

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	191.200	183.912	191.394	178.100	188.700	188.301	194.000	218.000
2	Total capital expenditure (excl. adopted and nil cost assets) - water service	£m	242.934	268.257	274.684	137.370	156.484	195.532	153.900	131.461
3	Total operating expenditure - sewerage service	£m	159.100	169.650	178.469	182.500	175.100	190.800	192.700	216.900
4	Total capital expenditure (excl. adopted and nil cost assets) - sewerage service	£m	268.187	294.325	264.024	167.454	178.343	214.706	270.016	301.802
	CURRENT COST ACCOUNTS - PROFIT & LOSS
5	Turnover	£m	932.800	952.700	982.100	884.400	893.200	905.000	945.100	990.900
6	Current cost operating costs (including CCD and IRC)	£m	-576.761	-597.398	-655.449	-608.900	-610.400	-642.300	-665.800	-724.600
7	Current cost operating profit	£m	360.339	360.602	332.151	282.100	287.500	271.300	300.200	276.500
	CAPITAL BASE & POST TAX RETURN
8	Capital Value Yr End (outturn)	£m	3,418.307	3,774.884	4,061.674	4,092.071	4,132.462	4,396.955	4,688.267	4,947.031
9	Total net debt	£m	1,291.300	1,607.300	1,857.600	2,035.500	2,058.600	2,174.700	2,292.300	2,386.700
10	Post-tax Return on Capital	%	11.30	10.06	8.57	6.99	6.94	6.15	6.13	5.90
	KEY FINANCIAL INDICATORS
11	Interest Cover	ratio	8.55	5.58	4.23	2.76	2.74	2.64	2.82	2.47
12	Gearing (D/D+Equity)	ratio	0.39	0.43	0.47	0.48	0.52	0.54	0.55	0.56
13	Cash Interest Cover I (EBITDA)	ratio	16.48	9.79	10.03	5.54	4.45	4.59	4.78	5.06
14	Cash Interest Cover II (EBIDA)	ratio	15.50	7.87	8.10	5.44	4.46	4.58	4.74	5.06

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.