Public Domain 2005: YKY: Table C

June Return 2005 Public Domain

Yorkshire & York

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	127.962	128.219	131.968	121.573	116.776	114.536	117.372	117.112
2	Total capital expenditure (excl. adopted and nil cost assets) - water service	£m	185.902	167.951	192.488	114.950	153.305	137.778	107.951	112.448
3	Total operating expenditure - sewerage service	£m	94.541	97.032	98.054	97.667	96.654	100.262	102.285	106.319
4	Total capital expenditure (excl. adopted and nil cost assets) - sewerage service	£m	159.311	211.349	254.797	147.300	164.035	176.865	188.071	228.648
	CURRENT COST ACCOUNTS - PROFIT & LOSS
5	Turnover	£m	556.039	590.179	624.519	542.600	560.400	567.800	605.200	640.100
6	Current cost operating costs (including CCD and IRC)	£m	-370.772	-384.927	-385.898	-389.486	-393.906	-395.099	-417.051	-423.050
7	Current cost operating profit	£m	187.796	205.562	243.746	163.014	168.094	179.001	184.249	215.850
	CAPITAL BASE & POST TAX RETURN
8	Capital Value Yr End (outturn)	£m	1,957.737	2,187.128	2,410.659	2,607.558	2,710.569	2,957.115	3,145.479	3,326.373
9	Total net debt	£m	488.338	626.123	833.746	960.700	1,042.000	1,170.500	1,249.300	1,325.200
10	Post-tax Return on Capital	%	10.32	9.95	10.72	6.38	6.36	5.91	5.41	5.96
	KEY FINANCIAL INDICATORS
11	Interest Cover	ratio	7.95	6.88	6.22	3.69	3.46	3.23	3.31	3.58
12	Gearing (D/D+Equity)	ratio	0.25	0.28	0.33	0.37	0.40	0.43	0.44	0.44
13	Cash Interest Cover I (EBITDA)	ratio	14.33	13.41	9.70	10.70	6.44	6.85	5.47	6.11
14	Cash Interest Cover II (EBIDA)	ratio	13.85	12.98	9.24	10.32	6.11	6.76	5.32	5.85

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.