Telstra 2000 Annual Report Download - page 60

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58
Investor Information cont.
2000 1999 1998 1997 1996
A$m A$m A$m A$m A$m
Sales revenue 18,609 17,571 16,703 15,430 14,716
Operating revenue 19,840 18,218 17,302 15,983 15,239
EBITDA(1) – before abnormals 9,135 8,351 7,375 6,597 6,021
– after abnormals 8,563 8,351 7,375 4,793 6,226
EBIT(2) – before abnormals 6,489 5,849 5,053 4,244 3,670
– after abnormals 5,917 5,849 5,053 2,406 3,875
Profit before tax – before abnormals 5,921 5,320 4,468 3,805 3,242
– after abnormals 5,349 5,320 4,468 2,073 3,447
Profit after tax and minorities – before abnormals 4,043 3,486 3,004 2,568 2,174
– after abnormals 3,677 3,486 3,004 1,617 2,305
Dividend 2,316 4,247 1,802 4,146 1,368
Total Assets 30,339 27,682 26,470 25,858 24,362
Gross Debt 9,821 7,211 7,722 7,981 5,143
Net Debt 8,531 5,769 6,458 7,036 3,739
Shareholders’ equity 11,602 10,294 11,079 9,938 12,668
Operating cashflow 6,547 6,574 5,635 5,254 4,478
Cash used in investing (4,896) (4,064) (3,609) (4,171) (3,870)
Cash used in financing (1,881) (2,484) (1,808) (1,572) (1,659)
Net movement (230) 26 218 (489) (1,051)
Capital expenditure and investments 5,428 4,478 3,973 4,504 4,071
Financial Ratios % %% %%
Return on average assets – before abnormals 23.2 22.7 20.1 17.7 16.6
– after abnormals 21.2 22.7 20.1 10.1 17.5
Return on average equity(3) – before abnormals 37.0 29.9 28.7 20.1 17.9
– after abnormals 33.7 29.9 28.7 12.7 18.9
Interest cover (times) – before abnormals 9.4 9.4 7.6 9.7 8.6
– after abnormals 8.5 9.4 7.6 5.5 9.0
Gross debt to capitalisation(3) (4) 45.8 36.9 41.1 44.5 28.9
Net debt to capitalisation(3) (5) 42.4 31.8 36.8 41.5 22.8
(1) Operating profit before interest received/receivable, interest expense (borrowing costs), depreciation and amortisation and income tax expense.
EBITDA before abnormals is used as a measure of financial performance by excluding certain variables that affect operating profit but, which may
not directly relate to all financial aspects of the operations of the company. EBITDA before abnormals is not a measure of operating income,
operating performance or liquidity under Australian GAAP.
(2) EBIT before abnormals less depreciation and amortisation.
(3) Excludes the effect of the special dividend of A$2,059 million provided for in the financial statements as at 30 June 1999.
(4) Based on gross debt (total current and non-current borrowings) as a percentage of gross debt plus the shareholders’ equity.
(5) Based on net debt (gross debt less interest bearing assets and loans to employees) as a percentage of net debt plus shareholders’ equity.
Five year financial summary:
Operating revenue totalled $19,840 million >an increase of 8.9%
FINANCIALS