Territory Stories

Annual Report 2004-2005 Darwin Port Corporation

Details:

Title

Annual Report 2004-2005 Darwin Port Corporation

Other title

Tabled paper 335

Collection

Tabled papers for 10th Assembly 2005 - 2008; Tabled papers; ParliamentNT

Date

2005-12-01

Description

Deemed

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/282736

Citation address

https://hdl.handle.net/10070/412790

Page content

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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