New Zealand Railways Corporation
New Zealand Railways Corporation (NZRC), trading as KiwiRail, provides a number of transport services including the operation of the rail network, transport of freight, inter-island ferry services, and metro and long distance passenger services. Its trading subsidiaries include Kiwirail Network (ONTRACK), KiwiRail Mechanical, KiwiRail Freight, the Interislander, TranzScenic and TranzMetro. NZRC is a statutory corporation pursuant to the New Zealand Railways Corporation Act 1981, and a state-owned enterprise under the First Schedule of the State-Owned Enterprises Act 1986.
As the backbone of New Zealand’s integrated transport network, NZRC aims to be a self-sustaining, appropriately invested rail and infrastructure provider in ten years. Services provided by NZRC include operation of the rail network, transport of freight, inter-island ferry services, and metro and long distance passenger services.
www.kiwirail.co.nz
KPI
Key Financial Performance Indicators - New Zealand Railways Corporation
For the Year Ended 30 June 2011 |
SCI Target |
Actual 2011 |
| Group EBITDA from Trading ($m) [1] |
120.8 |
100.3 |
| Group Operating EBITDA / Operating Turnover (%) [1] |
17.63 |
15.03 |
| Group Operating EBITDA / Average Shareholders Equity (%) [1] |
0.95 |
0.80 |
| KiwiRail Freight Operating EBITDA/Operating Turnover (Includes KiwiRail Mechanical Services Business Unit) (%) [1] |
31.10 |
28.47 |
| Interislander Operating EBITDA / Operating Turnover (%) [1] |
17.46 |
15.62 |
| Passenger Operating EBITDA / Operating Turnover (%) [1] |
17.46 |
12.07 |
| Group Operating EBITDA / Tangible Assets (%) [1] |
0.87 |
0.73 |
- Includes capital grants and operating support grants
Financials
Ratio |
2002/03 |
2003/04 |
2004/05 |
2005/06 |
2006/07 |
2007/08 |
2008/09 |
2009/10 |
2010/11 |
| Total Shareholder Return (TSR) (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
N/A |
|---|
| Dividend Yield (%) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
N/A |
|---|
| Dividend Payout (%) | 0.0 | 87.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
0.0 |
|---|
| Adjusted ROE (%) | N/A | 15.3 | 145.6 | 31.5 | (7.0) | (10.6) | 25.9 | 13.6 |
1.9 |
|---|
| ROCE (%) | N/A | 9.8 | 129.5 | 26.1 | (3.5) | (5.4) | 21.3 |
12.9 |
5.9 |
|---|
| Operating Margin (%) | 2.7 | 35.0 | 58.8 | 46.6 | 64.7 | 60.0 | 51.8 | 48.3 |
44.0 |
|---|
| Generator Efficiency | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
N/A |
|---|
| Net Gearing (%) | 0.0 | 0.0 | 0.0 | 13.6 | 1.1 | 1.6 | 3.1 | 3.5 |
3.5 |
|---|
| Interest Cover (%) | N/A | N/A | N/A | 44.68 | 21.15 | 9.41 | 20.27 | 20.08 |
15.40 |
|---|
| Solvency (%) | 4.17 | 2.94 | 2.10 | 1.99 | 2.48 | 1.85 | 0.64 | 0.96 |
0.5 |
|---|
| |
|---|
| Revenue Growth (5 yr) | | | | | | | | 48.4 |
|
|---|
| Dividend Growth (5 yr) | | | | | | | | N/A |
|
|---|
Financial Performance measures for SOEs: fpm-soes.pdf (40 KB)
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