annual report 2012 – 13 - Australian Government Solicitor

MEASURING OUR PERFORMANCEAGS has 5 performance measures (financialand non-financial) that we use to assessand report on progress in our corporate planstrategies.In 2012–13, we achieved good or betterperformance results in 4 measures andsatisfactory or better in 1 measure.Scorecard of AGS performancePerformance measure 2012–131. Financial performance •2. Business efficiency •3. Leverage / solvency •4. Customers and stakeholders •5. Staff •Code• good or better performance or trends• satisfactory performance or trends (includingrevenue within 3% of corporate plan target)• unsatisfactory performance or trendsFINANCIAL OUTCOMESThe financial result for 2012–13 was positivegiven difficult trading conditions (includingthe financial constraints on agencies and thecontinued growth of in-house legal areas).— our trading revenue ($111.9 million) was$3.9 million higher than the corporateplan target— our profit including interest was$6.1 million – more than double thecorporate plan target— we paid dividends during the year of$9 million.Since 1999, when AGS became a governmentbusiness enterprise, we have made profitstotalling $158 million, from which wehave provided $50.5 million in tax or taxequivalents and $108.8 million in dividends,special dividends and repayments of equity.In addition, we repaid a government loan of$15.1 million.Performance measure 2012–13Revenue from legal service trading$111.9mTotal shareholder return 7.6%Dividends paidLegal service earnings beforeinterest and tax (EBIT)Profit from legal service tradingbefore interest, tax, depreciationand amortisation (EBITDA)Debtor and WIP days$9.0m$4.1m$7.6m81 daysAGS Annual report 2012–13 17