Financial overview

The table below offers a quick glimpse at Contact's financial performance over the last five financial years ended 30 June.

 

2012 

2013 

2014 

2015 

2016 

Revenue ($m)

2,701

2,526

2,446

2,443

2,163

Expenses ($m)

2,192

1,985

1,859

1,918

1,640

EBITDAF* ($m)

509

541

587

525

523

Depreciation and amortisation ($m)

193

195

190

204

201

Profit/(loss) for the year ($m)

190

199

234

133

(66)

Underlying profit ($m)

176

202

227

161

157

Dividends declared (cents per share)(6)

23

25

26

76

26

Shareholders' equity ($m)

3,418

3,537

3,582

3,171

2,823

Total assets ($m)

6,112

6,197

6,183

6,089

5,652

Underlying Return on Total Assets (%)

2.9%

3.3%

3.7%

2.6%

2.8%

Retail Electricity Sales (GWh)

8,280

8,277

8,378

8,392

7,890

Total Generation (GWh)

10,552

9,879

9,255

9,514

9,002

Numbers of customers - gas, electricity and LPG(7)

567,200

566,000

567,500

561,500

562,500

Total number of shares on issue ('000s)(1)

718,670

733,302

733,309

733,359

715,526

Profit/(loss) per share – basic (cents)(2)

26.94

27.20

32.00

18.2

(9.1)

Underlying profit per share (cents)(2)

24.95

27.70

31.00

21.90

21.70

Net tangible assets per share ($)(3)

4.24

4.25

4.19

3.63

3.23

Underlying Return on Shareholders' Equity (%)(4)

5.16%

5.71%

6.34%

5.08%

5.56%

Gearing ratio (%)(5)

29.4%

28.5%

28.2%

34.60%

36.1%

 

* Earnings before net interest expense, income tax, depreciation, amortisation, change in fair value of financial instruments and other significant items.

1 Total number of shares on issue

At 30 June 2016, the total number of voting securities was 715,525,756 fully paid ordinary shares.

2 Profit/(loss) per share and underlying profit per share

Underlying profit excludes the change in fair value of financial instruments and other significant items, where applicable, net of tax.

Profit/(loss) per share and underlying profit per share for all years is calculated based on the weighted average number of ordinary shares (excluding restricted shares and treasury stock) outstanding during the year.

3 Net tangible assets per share

Net tangible assets per share for all years is based on the number of ordinary shares (excluding restricted shares and treasury stock) on issue at each financial year end.

4 Underlying return on shareholders' equity

Underlying return on shareholders' equity is calculated using shareholders' equity at each financial year end.

5 Gearing ratio

The gearing ratio is calculated as net debt divided by total capital funding. Net debt is calculated as total borrowings less short-term deposits.

Total borrowings are calculated using the New Zealand dollar equivalent value of unsecured loans after the effect of foreign exchange hedging of the borrowings and before the deduction of deferred financing costs.

Total capital funding is calculated as shareholders' equity, adjusted for the net effect of the fair value of financial instruments, plus net debt.

6 Dividends declared (cents per share)

The total dividend declared is in respect of each financial year.

The number of shares used in the 'dividends declared (cents per share)' analysis represents the number of ordinary shares on issue at the dividend declaration date less restricted shares and any shares held as treasury stock.

7 LPG customers

The LPG customer base includes LPG franchisees.