Annual Report 2004-2005 Darwin Port Corporation
Tabled paper 335
Tabled papers for 10th Assembly 2005 - 2008; Tabled papers; ParliamentNT
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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 53 9.Financial Performance cont. 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 Interest Cover 1.69% 2.20% 1.55% 1.71% 0.98% 3.86% 3.30% 1.07% Interest Cover (times) 1.00 0.00 INTEREST COVER 0.50 1.50 2.00 3.00 2.50 3.50 4.00 4.50 4.50 Year 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 Cost Recovery 119% 131% 111% 112% 100% 140% 128% 101% Cost Recovery % Year 40% 0% COST RECOVERY 20% 60% 80% 120% 100% 140% 160% An indicator of the Corporation's ability to meet periodic interest payments from current profit (before interest expense and abnormals). The level of interest cover gives an indication of how much room there is for interest payments to be maintained in the face of interest rate increases or reduced profitability. An indicator of the ability of the Corporation to generate adequate revenue to meet operating expenses. A cost ratio of 100% indicates the Corporation is able to meet its operating expenses from operating revenue. Comment: The Corporation's ability to meet interest payments from its current profits has decreased reflecting the Corporations decrease in profit for the year. Comment: Cost recovery has fallen. The Corporation's result of 127.90% indicates that the Corporation can meet its operating expenses from its operating revenue by 1.27 times.
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