Financial performance Information for State-Owned Enterprises (SOEs)
The following table shows financial performance information for the SOEs for the period ended 30 June 2008
($ million unless otherwise stated).
|
Revenue |
EBITDAF1 |
Net Profit After Tax |
Shareholder Equity |
Assets |
Dividends2 |
Return on Equity3 |
Return on Assets4 |
Gearing5 |
| Electricity Corporation of New Zealand Ltd |
0.0 |
(0.2) |
0.0 |
1.6 |
17.8 |
0.0 |
0.0% |
(1.1%) |
90.1% |
| Genesis Power Ltd |
2,480.2 |
344.2 |
99.1 |
1,406.8 |
2,706.7 |
39.6 |
7.3% |
6.8% |
27.6% |
| Meridian Energy Ltd |
2,603.5 |
371.1 |
128.6 |
4,204.6 |
7,197.7 |
235.9 |
3.0% |
3.6% |
17.3% |
| Mighty River Power Ltd |
1,479.2 |
304.6 |
110.9 |
2,257.6 |
4,058.0 |
55.5 |
5.6% |
5.2% |
21.7% |
| Solid Energy New Zealand Ltd |
554.0 |
59.4 |
34.4 |
368.4 |
656.5 |
34.4 |
9.7% |
9.1% |
9.1% |
| Transpower New Zealand Ltd |
642.2 |
374.3 |
78.1 |
1,307.5 |
2,840.9 |
0.0 |
6.2% |
6.0% |
47.1% |
| Animal Control Products Ltd |
6.4 |
1.7 |
1.2 |
5.1 |
6.4 |
0.6 |
25.0% |
29.1% |
0.0% |
| Airways Corporation of New Zealand Ltd |
139.1 |
32.7 |
10.5 |
53.6 |
133.4 |
6.0 |
20.5% |
12.4% |
30.1% |
| AsureQuality Ltd6 |
134.1 |
13.7 |
5.0 |
30.6 |
61.0 |
3.0 |
20.1% |
16.0% |
11.3% |
| Kordia Group Ltd |
238.9 |
41.6 |
0.8 |
101.5 |
262.9 |
3.6 |
0.8% |
5.3% |
51.5% |
| Landcorp Farming Ltd |
157.8 |
30.3 |
58.6 |
1,448.7 |
1,728.8 |
13.0 |
4.5% |
4.4% |
11.4% |
| Learning Media Ltd |
24.3 |
(3.1) |
(3.3) |
2.5 |
6.7 |
0.0 |
(80.5%) |
(38.8%) |
3.8% |
| Meteorological Service of New Zealand Ltd |
35.0 |
7.7 |
2.9 |
8.6 |
21.5 |
0.0 |
40.6% |
24.2% |
39.9% |
| New Zealand Post Ltd (includes Kiwibank) |
1,290.0 |
169.3 |
110.2 |
666.6 |
8,036.7 |
23.5 |
17.6% |
2.2% |
26.7% |
| ONTRACK7 |
243.1 |
146.0 |
(42.6) |
11,627.6 |
11,907.5 |
0.0 |
(0.4%) |
(0.3%) |
1.6% |
| Quotable Value Ltd |
41.1 |
2.4 |
17.9 |
21.4 |
30.9 |
5.1 |
119.7% |
74.6% |
0.0% |
| Timberlands West Coast Ltd8 |
19.1 |
(3.8) |
(14.8) |
30.4 |
34.5 |
0.0 |
(40.2%) |
(50.2%) |
0.0% |
| Total |
10,088.0 |
1,891.9 |
597.5 |
23,539.8 |
39,707.9 |
420.2 |
2.6% |
2.9% |
14.5% |
Source: SOE 2007/08 annual reports
Notes
Note 1: EBITDAF stands for earnings before net interest expense, income tax, depreciation, amortisation, financial instruments and certain other non-operating items.
Note 2: Dividends are those relating to the 2007/08 financial year, not necessarily paid during the 2007/08 financial year.
Note 3: Return on equity is calculated as net profit after tax divided by average shareholder equity.
Note 4: Return on assets is calculated as earnings before interest and tax (EBIT) divided by average total assets.
Note 5: Gearing is calculated as interest-bearing debt less cash divided by interest-bearing debt less cash plus equity (net debt / net debt + equity).
Note 6: AsureQuality Ltd has a 30 September balance date. Financial information presented is for the year ended 30 September 2008.
Note 7: Previous trading name for New Zealand Railways Corporation.
Note 8: Timberlands West Coast Ltd extended its balance date to 30 June 2008. Financial information presented is for the 15 months ended 30 June 2008.
