Financial picture
| Financial Picture1 | |||
|---|---|---|---|
|
YEAR ENDED 30 JUNE
|
2010 |
2009
$MILLION |
CHANGE
% |
| Continuing operations: | |||
| Total income | 1,187.4 |
1,174.2
|
1.1
|
|
EBITDA
|
578.1 |
582.2
|
-0.7 |
|
Depreciation and amortisation
|
(156.3) |
(145.4)
|
7.5
|
|
EBIT
|
421.8 |
436.8
|
-3.4 |
|
NPAT
|
193.5 |
164.9
|
17.3
|
|
|
|||
|
Total equity
|
2,084.2 |
2,058.9
|
1.2
|
|
Total assets
|
5,550.9 |
5,538.6
|
0.2
|
|
Net debt2
|
2,447.5 |
2,485.7
|
-1.5 |
|
|
|||
| KEY FINANCIAL MEASURES1 | |||
|
EBITDA/total income
|
48.7% |
49.6%
|
|
|
EBIT/total income
|
35.5% |
37.2%
|
|
|
Equity/total assets
|
37.5% |
37.2%
|
|
|
Gearing (net debt/net debt+equity)
|
54.0% |
54.7%
|
|
|
Net interest cover (EBIT/net finance costs)
|
2.5 times |
2.3 times
|
|
|
Earnings (NPAT) per share3
|
19.4 cents2 |
16.5 cents2
|
|
|
Dividends per share (fully imputed)
|
14 cents |
13.75 cents
|
|
-
Prepared on a continuing operations basis excluding the Wellington electricity network in financial year 2009.
-
Net of cash and short term deposits.
-
Calculated using a weighted average number of shares of 995,755,077 (2009: 997,221,099) due to treasury shares purchased during prior period.