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:
- 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.
- Impairment expense of $766.5 million (2019 $450.7 million) relates to the Interstate business unit and the Inland Rail project.
- This is the final instalment of ARTC’s 2019 dividend paid in 2020
Visit
https://www.transparency.gov.au/annual-reports/australian-rail-track-corporation-limited/reporting-year/2019-20-9