Sustained cost reduction Performance measure 2015-16 2016-17 2017-18 2018-19 2019-20 Operating expenditure ($m)* $138.9 $140.1 $137.1 $133.1 $130.5 Capital expenditure ($m) $175.4 $177.3 $181.3 $168.9 $174.1 * Operating expenditure was $176m in 2013-14 for the predecessor businesses Sustainable shareholder outcomes Our goal is to deliver sustainable shareholder outcomes. We aim to provide an appropriate return on assets and equity, dividends to shareholders and a robust balance sheet while maintaining our corporate reputation. Performance measure 2015-16 2016-17 2017-18 2018-19 2019-20 Operating profit after tax ($million) 64.2 79.6 88.4 65.2 57.2 Return on assets 6.2% 6.3% 4.9% 4.5% 4.6% Return on equity 5.9% 8.4% 9.5% 6.7% 5.6% Returns to Government ($million) 94.0 179.9 123.7 129.1 100.3 Gearing ratio 63.2% 66.2% 66.3% 65.8% 64.8%
Sustained cost reduction Performance measure 2015-16 2016-17 2017-18 2018-19 2019-20 Operating expenditure ($m)* $138.9 $140.1 $137.1 $133.1 $130.5 Capital expenditure ($m) $175.4 $177.3 $181.3 $168.9 $174.1 * Operating expenditure was $176m in 2013-14 for the predecessor businesses Sustainable shareholder outcomes Our goal is to deliver sustainable shareholder outcomes. We aim to provide an appropriate return on assets and equity, dividends to shareholders and a robust balance sheet while maintaining our corporate reputation. Performance measure 2015-16 2016-17 2017-18 2018-19 2019-20 Operating profit after tax ($million) 79.6 88.4 65.2 57.2 64.2 Return on assets 6.2% 6.3% 4.9% 4.5% 4.6% Return on equity 8.4% 9.5% 6.7% 5.6% 5.9% Returns to Government ($million) 179.9 123.7 129.1 100.3 94.0 Gearing ratio 66.2% 66.3% 65.8% 64.8% 63.2%
TASNETWORKS_CORPORATE_PLAN_2015.docx