Vector > Corporate > Investor relations > Financial and operating picture

Financial and operating picture

 

Financial Picture
YEAR ENDED 30 JUNE

2011 $MILLION
2010 $MILLION
CHANGE %
Continuing operations:      
Total income 1,244.6 1,187.4 4.8%
EBITDA
 636.6 578.1 10.1%
Depreciation and amortisation
 (170.2) (156.3) 8.9%
EBIT
 466.4 421.8 10.6%
NPAT
 201.4 193.5 4.1%
 
Total equity
 2,112.7 2,084.2 1.4%
Total assets
 5,579.0 5,550.9 0.5%
Net debt1
 2,289.5 2,447.5 -6.5%
 
KEY FINANCIAL MEASURES      
EBITDA/total income
 51.1% 48.7% 4.9%
EBIT/total income
 37.5% 35.5% 5.6%
Equity/total assets
 37.9% 37.5% 1.1%
Gearing (net debt/net debt+equity)
 52.0% 54.0% -3.7%
Net interest cover (EBIT/net finance costs)
 2.6 times 2.5 times 4.0%
Earnings (NPAT) per share
 20.2 cents 19.4 cents 4.1%
Dividends per share (fully imputed)
 14.25 cents 14.0 cents 1.8%
  1. Net of cash and short term deposits
The excel version can be found here.
 
                                              
Operating picture
  SIX MONTHS ENDED 31 DECEMBER CHANGE %
  2011 2010  
Electricity      
Customers1 534,305 529,997 0.8%
Net neww electricity customers2 1,698 1,752 (3.1%)
Volume distributed (GWh) 4,359 4,298 1.4%
SAIDI (minutes)3      
Normal operations 69.4 83.3 (16.7%)
Extreme events 0.0 9.4 n/a
Total 69.4 92.7 (25.1%)
 
Gas transportation      
Distribution customers1,4 153,576 151,095 1.6%
Net new distribution customers2 1,068 1,408 (24.1%)
Distribution volume (PJ) 11.7 11.5 1.7%
Transmission (PJ)5 65.0 65.1 (0.2%)
 
Gas wholesale      
Natural gas sales (PJ)6 14.3 14.1 1.4%
Gas liquid sales (tonnes)7 41,850 42,535 (1.6%)
Liquigas LPG tolling (tonnes)8 61,126 72,296 (15.5%)
 
Technology      
Electricity: smart meters1 316,531 179,494 76.3%
  1. As at period end
  2. The net number of customers added during the six month period
  3. Regulatory year - 9 months to 31 December
  4. Billable ICP's
  5. Billable volumes
  6. Excludes gas sold as gas liquids as these sales are included within the gas liquids sales tonnages
  7. Total of retail and wholesale LPG production and natural gasoline
  8. Tolling volumes include product tolled in Taranaki and further tolled in the South Island

The excel version can be found here.