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Financial summary

2020

2019

$M

$M

Access Revenue

761.2

720.1

Other Revenue

88.7

122.7

Total Revenue

849.9

842.8

EBITDAI

224.9(1)

242.9

Depreciation and Amortisation Expense

(219.9)

(193.3)

Impairment Reversal/(Expense)

(766.5)(2)

(450.7)

EBIT

(761.5)

(401.1)

Net Finance Cost

(15.1)

(12.7)

Net profit before Tax

(776.6)

(413.8)

Tax (Expense)/Benefit

(83.7)

(34.6)

Net Profit after Tax

(860.3)

(448.4)

Dividend Paid

23.3(3)

68.3

Total Debt

559.8

450.1

Shareholder Equity

2,826.5

3,313.9

EBITDAI/TOTAL REVENUE

26.5%

28.8%

EBIT/TOTAL REVENUE

(89.6%)

(47.6%)

EBITDAI/SHAREHOLDER EQUITY

8.0%

7.3%

DEBT/DEBT + SHAREHOLDER EQUITY

16.5%

12.0%

Notes:

  1. EBITDAI (Earnings Before Interest, Tax, Depreciation, Amortisation and Impairment) in FY20 was $224.9 million (FY19: $242.9 million), with reductions in grant revenue and increases in corridor maintenance being partially offset by increases in access revenue. EBITDAI includes $157.0 million (FY19: $161.9 million) related to Major Infrastructure projects which, due to the requirements of Accounting Standards, is required to be treated as an expense.
  2. Impairment expense of $766.5 million (2019 $450.7 million) relates to the Interstate business unit and the Inland Rail project.
  3. This is the final instalment of ARTC’s 2019 dividend paid in 2020