Full Version - Essential Energy

Notes to the Financial Statements
for the year ended 30 June 2005
Business Segments
The consolidated entity operates in the Energy Segment. This involves the distribution and retailing of electricity and gas. Revenue is
earned from sales to both franchise and contestable customers as well as from electricity retailers for the use of its electricity network.
Geographical Segments
The consolidated entity operates in one geographical segment, being Australia.
Energy Other Eliminations Consolidated
2005 2004 2005 2004 2005 2004 2005 2004
$’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000
PRIMARY REPORTING
- BUSINESS SEGMENTS
Revenue
Sales to external
customers
Inter-segment
sales
1,618,157 1,518,189 13,643 45,029 - - 1,631,800 1,563,218
- - 5,073 - (5,073) - - -
93
Total Sales
Revenue 1,618,157 1,518,189 18,716 45,029 (5,073) - 1,631,800 1,563,218
Other revenue 77,746 78,651 - 41 - - 77,746 78,692
Total Segment Revenue 1,695,903 1,596,840 18,716 45,070 (5,073) - 1,709,546 1,641,910
Reconciliation of Segment Revenue To Entity Revenue from
Ordinary Activities
Total segment revenue 1,709,546 1,641,910
Add: investment income 879 1,927
Revenue from ordinary
activities 1,710,425 1,643,837
Expenses
Non cash expenses
included in segment
results 42,310 40,631 - - (5,073) - 42,310 40,631
Depreciation and
amortisation included in
segment results 148,203 127,888 109 96 - - 148,312 127,984
Segment Result 259,814 246,905 1,065 3,173 - - 260,879 250,078
Reconciliation of Segment Result to Entity Net Profit after Tax
Segment Result 260,879 250,078
Add: revenues excluded
from segment result 879 1,927
Less: expenses excluded
from segment result (110,781) (111,295)
Profit from ordinary
activities before income
tax expense
150,977 140,710
Income tax expense (52,258) (62,371)
Profit from ordinary
activities after income
tax expense 98,719 78,339
COUNTRY ENERGY ANNUAL REPORT 2004–2005