Idea Transcript
Five year financial summary
Five year financial summary
2006(1) $m
Sales revenue EBITDA (4) EBIT (4) Profit before income tax expense Profit for the year after minority interests Dividends declared for the fiscal year (5) Dividends declared per share (cents per share) (5) Total assets Gross debt Net debt Equity Capital expenditure and investments Free cash flow Financial ratios Return on average assets Return on average equity EBIT net finance costs cover (times) (4) EBITDA net finance costs cover (times) (4) Gross debt to capitalisation (6) Net debt to capitalisation (7) Net debt to EBITDA
2005(2) $m
2004(3) $m
2003(3) $m
2002(3) $m
22,750 9,584 5,497 4,561 3,181 4,231 34.0 36,175 13,746 13,057 12,832 4,303 4,550
22,161 10,464 6,935 6,055 4,309 4,978 40.0 35,211 13,319 11,772 13,658 4,129 5,194
20,737 10,175 6,560 5,848 4,118 3,284 26.0 34,993 11,854 11,167 15,361 3,683 4,163
20,495 9,170 5,723 4,928 3,429 3,474 27.0 35,599 12,272 10,972 15,422 3,332 4,565
20,196 9,483 6,216 5,446 3,661 2,830 22.0 38,219 13,726 12,268 14,106 3,662 3,840
% 15.8 24.2 5.9 10.2 51.7 50.4 1.4
% 20.6 30.6 7.9 11.9 49.4 45.9 1.1
% 19.4 26.8 8.3 12.9 43.6 42.1 1.1
% 16.3 23.2 6.4 10.2 44.3 41.6 1.2
% 17.5 26.8 7.0 10.7 49.3 46.5 1.3
(1) Prepared under the Australian equivalent of International Financial Reporting Standards (A-IFRS). (2) Restated to comply with A-IFRS. (3) Prepared under the previous A-GAAP. Refer to note 36 to the financial report contained in the Annual Report for details on the differences between A-IFRS and A-GAAP. (4) E arnings before interest, income tax expense, depreciation and amortisation (EBITDA) reflects our profit for the year prior to including the effect of net finance costs, income taxes, depreciation and amortisation. Similarly, earnings before interest and income tax expense (EBIT) reflects our profit for the year prior to including the effects of net finance costs and income taxes. We believe EBITDA and EBIT are useful to investors and analysts and other members of the investment community largely view them as key and widely recognised measures of operating performance. (5) D ividends declared in 2006 include a 6 cent special dividend paid with the interim dividend. Dividends declared in 2005 include two special dividends amounting to 12 cents and dividends declared in 2003 include a 3 cent special dividend. (6) Based on gross debt (total current and non current borrowings) as a percentage of gross debt plus shareholders’ equity. (7) Based on net debt (gross debt less liquid interest bearing assets) as a percentage of net debt plus shareholders’ equity.
Net debt and gross debt balance as at 30 June 2005 do not reflect the impact of the relevant A-IFRS standard for financial instruments as this standard was only adopted as at 1 July 2005. Had it been adopted for 30 June 2005, Gross Debt would be $13,208 million and Net Debt would have been $11,660 million.
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