This data has been viewed by the company prior to publication. This file created on: October 7, 2005 at 11:23:42.
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June Return 2005 Public Domain
Wessex
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 | 32.000 | 31.300 | 31.900 | 31.100 | 32.400 | 32.200 | 33.000 | 35.800 | |||||||||
| 2 | Total capital expenditure (excl. adopted and nil cost assets) - water service | £m | 48.429 | 45.638 | 40.074 | 34.935 | 47.303 | 50.056 | 50.220 | 48.329 | |||||||||
| 3 | Total operating expenditure - sewerage service | £m | 40.900 | 43.100 | 43.800 | 44.500 | 49.100 | 51.800 | 55.511 | 61.085 | |||||||||
| 4 | Total capital expenditure (excl. adopted and nil cost assets) - sewerage service | £m | 79.642 | 97.688 | 98.286 | 93.156 | 92.678 | 118.650 | 124.581 | 123.535 | |||||||||
| CURRENT COST ACCOUNTS - PROFIT & LOSS | |||||||||||||||||||
| 5 | Turnover | £m | 252.500 | 265.000 | 276.800 | 251.500 | 259.300 | 261.300 | 280.500 | 300.100 | |||||||||
| 6 | Current cost operating costs (including CCD and IRC) | £m | -129.949 | -134.847 | -136.864 | -145.500 | -154.700 | -164.300 | -171.700 | -182.500 | |||||||||
| 7 | Current cost operating profit | £m | 122.651 | 129.453 | 136.136 | 102.100 | 103.200 | 98.200 | 107.800 | 116.400 | |||||||||
| CAPITAL BASE & POST TAX RETURN | |||||||||||||||||||
| 8 | Capital Value Yr End (outturn) | £m | 936.051 | 1,038.174 | 1,130.390 | 1,253.694 | 1,354.823 | 1,474.404 | 1,580.037 | 1,625.579 | |||||||||
| 9 | Total net debt | £m | 355.700 | 519.300 | 544.500 | 580.600 | 661.300 | 1,028.400 | 1,073.200 | 1,137.700 | |||||||||
| 10 | Post-tax Return on Capital | % | 14.04 | 13.16 | 12.69 | 8.38 | 6.65 | 9.13 | 7.70 | 7.12 | |||||||||
| KEY FINANCIAL INDICATORS | |||||||||||||||||||
| 11 | Interest Cover | ratio | 5.84 | 5.05 | 5.32 | 3.84 | 3.50 | 2.69 | 1.97 | 1.84 | |||||||||
| 12 | Gearing (D/D+Equity) | ratio | 0.40 | 0.48 | 0.48 | 0.49 | 0.54 | 0.74 | 0.73 | 0.73 | |||||||||
| 13 | Cash Interest Cover I (EBITDA) | ratio | 7.99 | 6.51 | 7.36 | 5.61 | 5.24 | 3.02 | 3.71 | 3.11 | |||||||||
| 14 | Cash Interest Cover II (EBIDA) | ratio | 7.78 | 5.68 | 7.11 | 5.34 | 5.03 | 2.52 | 3.71 | 3.09 |
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.
This data has been viewed by the company prior to publication. This file created on: October 7, 2005 at 11:23:42.
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