Meridian Annual Report - Meridian Energy
Meridian Annual Report - Meridian Energy
Meridian Annual Report - Meridian Energy
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36<br />
<strong>Meridian</strong> <strong>Energy</strong> Limited — Statement of Corporate Intent<br />
Financial Performance TARGET Jun-08 Jun-07 1 Jun-06 Jun-05<br />
Equity to Total Assets 62.3 58.5 65.6 79.4 56.8<br />
Return on Average Equity 6.3% 3.0% 6.2% 25.6% 5.7%<br />
Net Debt/(Net Debt + Equity) Gearing 18.4% 18.3% 14.0% 10.6% 35.4%<br />
EBITDAF Interest Cover (# of times) 8.0 5.9 7.7 31.5 6.1<br />
EBITDAF per MWh 37.9 31.2 37.6 37.5 36.8<br />
Non-Financial Performance<br />
Hydro Plant Availability 94% 94.4% 93.5% 92.2% 93.9%<br />
Hydro Forced Outage Factor 0.41% 0.38% 0.36% 0.36% 0.14%<br />
Number of Lost Time Injuries Nil 5 11 4 3<br />
Calls answered within 20 seconds 80% 76% 78% 80% 83%<br />
Corporate Customer Satisfaction – excellent, very good 52% 59% 61% 45% 52%<br />
Mass Market Customer Satisfaction – excellent, very good 47% 60% N/A 47% 49%<br />
High Value Small/Medium Customer Satisfaction – excellent, very good 43% 52% N/A N/A N/A<br />
Staff Satisfaction (% of positive responses) 75% 90% 95% 95% N/A<br />
1 June 07 Statement of Corporate Intent has been restated for NZ IFRS
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