Endeavour Energy Annual Performance Report - Parliament of New ...

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09 Financial statements Statement of Changes in Equity For the yEAR ended 30 JuNE 2011 Note Contributed Equity $’000 Retained Earnings $’000 Asset Revaluation Surplus $’000 Hedge Reserve $’000 Total $’000 Balance at 1 July 2009 335,046 168,362 443,486 (35,914) 910,980 Total comprehensive income for the period Profit or loss – 178,979 – – 178,979 Other comprehensive income Defined benefit plan actuarial gains/(losses) 14(g) – (3,566) – – (3,566) System assets revaluation 12 – – 362,036 – 362,036 Revaluation of land and buildings – – (32,001) – (32,001) Net change in fair value of cash flow hedges 21(h) – – – (26,809) (26,809) Net change in fair value of cash flow hedges transferred to profit or loss 21(h) – – – (4,658) (4,658) Income tax on other comprehensive income 6(c) – 1,069 (99,011) 9,440 (88,502) Total other comprehensive income – (2,497) 231,024 (22,027) 206,500 Total comprehensive income for the period – 176,482 231,024 (22,027) 385,479 Transactions with owners, recorded directly in equity Transfers to retained earnings – 8,760 (8,760) – – Income tax on transfers to retained earnings – (2,628) 2,628 – – Dividends paid or provided for – (142,610) – – (142,610) Total transactions with owners – (136,478) (6,132) – (142,610) Balance at 30 June 2010 335,046 208,366 668,378 (57,941) 1,153,849 The above Statement should be read in conjunction with the accompanying notes. 52
Statement of Cash Flows For the yEAR ended 30 JuNE 2011 Note 2011 $’000 2010 $’000 Cash flows from operating activities: Receipts from customers (inclusive of GST) 2,486,025 2,396,991 Payments to suppliers and employees (inclusive of GST) (1,872,894) (1,814,909) Interest received 1,910 1,071 Interest paid (187,934) (143,330) Income taxes paid (73,582) (39,395) Net cash provided by (used in) operating activities 8(b) 353,525 400,428 Cash flows from investing activities: Proceeds from sale of property, plant and equipment 3,646 4,816 Purchase of property, plant and equipment and intangible assets (498,469) (412,623) Net proceeds from sale of Retail business 5(f) 928,746 – Net cash provided by (used in) investing activities 433,923 (407,807) Cash flows from financing activities: Proceeds from borrowings 256,095 162,894 Repayment of borrowings (64,300) (33,366) Dividends paid (1,006,310) (103,619) Net cash provided by (used in) financing activities (814,515) 25,909 Net increase (decrease) in cash and cash equivalents (27,067) 18,530 Cash and cash equivalents at beginning of financial year 30,355 11,825 Cash and cash equivalents at end of financial year 8(a) 3,288 30,355 The above Statement should be read in conjunction with the accompanying notes. Endeavour Energy Annual Performance Report 2010–11 53
Page 1 and 2:
ANNUAL PERFORMANCE REPORT 2010-11 I
Page 3 and 4: Contents LETTER TO SHAREHOLDING MIN
Page 5 and 6: YeAR at a Glance Items 2009-10 2010
Page 7 and 8: To that end, we pursued our second
Page 9 and 10: Endeavour Energy’s six strategic
Page 11 and 12: Performance indicator: lost time in
Page 13 and 14: Performance indicator: Capital expe
Page 15 and 16: Efficiency reviews to reduce costs
Page 17 and 18: Each year we investigate bushfire r
Page 19 and 20: STRATEGIC OBJECTIVE 6 - DELIVER PER
Page 21 and 22: Network Strategy Network business o
Page 23 and 24: Major works in progress 2010-11 con
Page 25 and 26: Major works in progress 2010-11 con
Page 27 and 28: The NSW Code of Practice - Demand M
Page 29 and 30: Network-related calls increased fro
Page 31 and 32: New apprentices vital to our workfo
Page 33 and 34: Equal employment opportunity As par
Page 35 and 36: Multicultural policies and services
Page 37 and 38: 06 8 % reduction in greenhouse emis
Page 39 and 40: Environmental management system Our
Page 41 and 42: ENDEAvoUR ENERGY’S GoveRNANCE AND
Page 43 and 44: EXECUTIve LEADERshIP TEAM Vince Gra
Page 45 and 46: 08 $ 245 m operating profit after t
Page 47 and 48: Debt Balance sheet debt increased b
Page 49 and 50: Directors’ Report For the yEAR en
Page 51 and 52: Statement of Comprehensive Income F
Page 53: Statement of Changes in Equity For
Page 57 and 58: 2 Statement of Significant Accounti
Page 65 and 66: 4 Expenses 2011 $’000 2010 $’00
Page 67 and 68: 5 Gain/(loss) on sale of Retail bus
Page 69 and 70: 7 Deferred Tax (Assets)/Liabilities
Page 71 and 72: 8 Cash Flow Information continued (
Page 73 and 74: 9 Trade and Other Receivables conti
Page 75 and 76: 12 property Plant and Equipment con
Page 77 and 78: 13 Intangible Assets Software $’0
Page 79 and 80: 14 Employee Benefits - Superannuati
Page 81 and 82: 16 Other Current Liabilities 2011 $
Page 83 and 84: 21 Financial Instruments continued
Page 91 and 92: 23 Expenditure Commitments continue
Page 93 and 94: 27 prudential Requirements An unsec
Page 95 and 96: Appendices Contents Five-year stati
Page 97 and 98: Australian Financial Services Licen
Page 99 and 100: Executive Remuneration General prin
Page 101 and 102: Table A: Number of applications by
Page 103 and 104: Implementation of Price Determinati
Page 105 and 106:
GLossARY The Australian Consumer La
Page 107:
Ausgrid LOCATIONS and contacts Kand
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