Annual Report 2004-2005 Darwin Port Corporation
Tabled paper 335
Tabled papers for 10th Assembly 2005 - 2008; Tabled papers; ParliamentNT
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9.Financial Performance cont. D A R W IN P O R T C O R P O R A T IO N A N N U A L R E P O R T 2004/2005 51 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 Return on Assets 4.91% 7.64% 6.64% 7.83% 4.02% 12.17% 9.10% 2.57% Return on Assets % 4% 0% RETURN ON ASSETS RATIO 2% 6% 8% 10% 12% 14% Year 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 Return on Equity 3.66% 8.48% 6.82% 11.14% - 0.27% 26.53% 15.16% 0.33% Return on Equity % 5% 0% RETURN ON EQUITY RATIO 10% 15% 20% 25% 30% Year An indicator of the rate of return from all assets. The ratio provides a measure of the efficiency with which the Corporation uses the assets vested in it to produce operating profit before tax, interest and abnormals. An indicator of the rate of return the Corporation is providing to shareholders. The ratio allows the rate of return achieved by the Corporation to be contrasted with that expected from alternative investments with a similar level of risk. Comment: The Corporation's earnings before interest, tax and decrement in valuation has decreased this year by $1.3 M whilst the average value of property, plant and equipment has increased by over $6 M, resulting in a fall in the return on assets ratio for 2004/05. Comment: The Corporation's profit before tax and decrement in valuation has decreased by $1.3 M and average total equity has increased markedly by over $7 M resulting in an overall fall in the return on equity ratio for 2004/05.