Performance against Statement of Corporate Intent
| Financial targets | 2003/04 Achieved |
2004/05 Achieved |
2005/06 Target |
2005/06 Achieved |
2006/07 Target |
|
|---|---|---|---|---|---|---|
| Revenue | $45.166m | $47.930m | $52.600m | $51.616m | $56.7m | |
| Operating surplus (EBIT*) Margin | 3.6% | 3.5% | 4.5% | 4.2% | 6.4% | |
| Return on Average Equity (NSAT) | ||||||
 |
- after investment** | 0.0% | 0.0% | 0.8% | 2.9% | 5.0% |
| Return on Average Assets (EBIT) | 0.4% | 1.5% | 20.% | 2.6% | 5.6% | |
| Quick Ratio | 0.7 | 0.5 | 0.8 | 0.8 | 0.8 | |
| Proprietorship | 55% | 57% | 56% | 56% | 56% | |
| Gearing | 24% | 20% | 22% | 18% | 23% | |
| Interest cover** | 0.7 | 1.4 | 1.6 | 3.3 | 4.9 | |
* Before investment project expenditure, interest income and expense, dividend, amortisaton of goodwill, impairment provision and tax. |
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A detailed explanation of financial performance is provided in the financial section of this report.
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