Financial Performance Indicators For the Year Ended 30 June 2015 Ref Results Forecasts Reg 2015 2019 Material Variations 2016 2017 2018 15(2 Operating position Adjusted underlying Sch3 result Adjusted underlying surplus OP1 16(1) 6% 2% 1% 1% 1% (or deficit) [Adjusted underlying surplus 16(2) (deficit)/ Adjusted underlying revenue] x100 17(2) 17(3) Liquidity Working capital High cash balance at the Current assets compared to L1 160% 122% 121% 118% 119% end of 2014-2015 current liabilities [Current assets / Current liabilities] x100 Unrestricted cash High cash balance at the Unrestricted cash compared L2 136% 104% 103% 100% 100% end of 2014-2015 to current liabilities [Unrestricted cash / Current liabilities] x100 Obligations Loans and borrowings Loans and borrowings O2 36% 42% 46% 49% 47% compared to rates [Interest bearing loans and borrowings / Rate revenue] x100 Loans and borrowings O3 repayments compared to 7% 7% 9% 9% 9% rates [Interest and principal repayments on interest bearing loans and borrowings / Rate revenue] x100 Indebtedness Non-current liabilities O4 compared to own source 28% 28% 31% 33% 32% revenue [Non-current liabilities / Own source revenue] x100 Asset renewal Asset renewal compared to O1 48% 55% 54% 51% 50% depreciation [Asset renewal expense / Asset depreciation] x100
Financial Performance Indicators For the Year Ended 30 June 2015 Ref Results Forecasts Reg 2015 2016 2017 2018 2019 Material Variations 15(2 Operating position Sch3 Adjusted underlying result OP1 16(1) Adjusted underlying surplus (or deficit) 6% 2% 1% 1% 1% 16(2) [Adjusted underlying surplus (deficit)/ Adjusted underlying revenue] x100 17(2) 17(3) Liquidity Working capital L1 Current assets compared to current liabilities 160% 122% 121% 118% 119% High cash balance at the end of 2014-2015 [Current assets / Current liabilities] x100 Unrestricted cash L2 Unrestricted cash compared to current liabilities 136% 104% 103% 100% 100% High cash balance at the end of 2014-2015 [Unrestricted cash / Current liabilities] x100 Obligations Loans and borrowings O2 Loans and borrowings compared to rates 36% 42% 46% 49% 47% [Interest bearing loans and borrowings / Rate revenue] x100 O3 Loans and borrowings repayments compared to rates 7% 7% 9% 9% 9% [Interest and principal repayments on interest bearing loans and borrowings / Rate revenue] x100 Indebtedness O4 Non-current liabilities compared to own source revenue 28% 28% 31% 33% 32% [Non-current liabilities / Own source revenue] x100 Asset renewal O1 Asset renewal compared to depreciation 48% 55% 54% 51% 50% [Asset renewal expense / Asset depreciation] x100
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