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

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Appendices
Five-year statistical table
(1) 2006–07 2007–08 2008–09 2009–10 2010–11
EFFICIENCY
Employment (2) 2,593 2,760 2,871 2,888 2,925
Output/employee (GWh) (3) 6.9 6.5 6.2 6.0 6.0
Sales revenue ($’000) (4) 1,368,075 1,705,953 1,852,002 2,133,865 1,937,860
Customer/employee ratio (5) 331.7 316.8 304.2 299.8 300.0
Operating cost/unit sold ($/MWh) (6) 26.2 30.3 32.5 33.8 34.0
Operating cost/customer (7) 547.3 624.1 660.3 681.6 683.1
System loss index (%) (8) 5.4 4.8 4.4 4.6 3.9
Days sick leave/employee 5.8 6.4 6.8 7.1 7.0
Lost time incidents (9) 24 22 22 18 24
EFFECTIVENESS
Output (GWh) (10) 17,483 17,440 17,426 17,411 17,501
Supply reliability (minutes) (11) 94.1 97.8 89.3 79.4 72.0
Customer service indicator (12)
Target 82% 82% 82–84% 82–84% 82%
Result 83% 83% 83% 80% 79%
FINANCIAL INDICATORS*
EBIT ($m) 346.8 367.3 355.7 439.3 546.9
Operating profit after tax ($m) 153.2 172.4 142.2 179.0 244.7
Revenue ($m) (13) 1,538.9 1,848.1 1,998.4 2,272.1 2,111.6
Return on assets (%) (14) 9.6 9.2 8.7 9.5 10.8
Return on equity (%) (15) 13.9 14.6 14.6 17.3 20.5
Asset base ($m) 4,067.9 3,918.7 4,305.7 4,940.6 5,159.1
Asset sales ($m) (16) 7.6 9.6 4.1 4.8 3.6
Financial distribution ($m) 193.0 191.7 167.1 215.3 266.4
Tax equivalent ($m) (17) 86.0 66.7 63.4 72.7 109.6
Dividend 107.0 125.0 103.6 142.6 156.8
Special Dividend 863.7
Gross external debt ($m) 1,531.5 1,900.5 2,264.4 2,414.3 2,617.5
Gearing ratio (%) (18) 53.6 64.7 71.3 67.7 68.0
Times interest earned (19) 3.2 2.9 2.4 2.3 2.9
Social programs ($m) (20) 19.7 21.1 24.0 30.4 24.0
Prior year statistics may have changed in line with amendments to comparative financial statement disclosures and amended definitions,
to ensure consistency on an annual basis.
* The above financial indicators exclude the impact resulting from the gain on the sale of retail net assets amounting to $759.3m.
(1) All dollar amounts are reported in
real dollars.
(2) Full time equivalent staff as at 30 June.
(3) Network GWh sold per average number
of FTE employees.
(4) Sales revenue includes total electricity sales
up to 28 February 2011 and network use of
system income only.
(5) Average network customers per average
number of FTE employees.
(6) Operating expenditure including
depreciation and amortisation but
excluding finance costs, divided by
number of units sold.
(7) Operating expenditure including
depreciation and amortisation but
excluding finance costs, divided by the
average number of network customers.
(8) Energy imported less energy sold, divided
by energy imported. For 2007–08 energy
imported has been reduced by the impact
of a one-off unread meters adjustment.
(9) As at 30 June 2011, 23 LTIs had been
recorded; one additional lost time shift
occurred during July that related to a
2010–11 incident taking the total to 24.
Similarly, in the 2009–10 Annual Report
17 LTIs were recorded, however one
additional lost time shift occurred after
the report was published, which related
to an incident in 2009–10.
(10) Network sales (GWh) including accruals
and off peak bulk transfers. For 2007–08
GWh have been reduced by the impact of
the one-off unread meters adjustment.
(11) Average minutes per customer per year
without supply for unplanned outages.
(12) Factors contributing to the calculation
include the number of issues with EWON,
the percentage of complaints closed
within 30 days and the percentage of
customer service guarantee breaches. This
survey ceased in March 2011 following the
retail sale. The result of 79% is based on
the last survey period being February 2011.
(13) Revenue includes sales revenue and other
income, including capital contributions.
(14) EBIT divided by the average asset base.
(15) Operating profit after tax divided by
average equity.
(16) Total proceeds from asset sales.
(17) Defined as income tax expense per
NSW Treasury.
(18) Debt divided by debt plus equity.
(19) Times interest earned calculated by
adding the net interest expense to the
profit before income tax and dividing by
the net interest expense.
(20) Based on reimbursement of Community
Service Obligations (CSOs).
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