apr-11.pdf (2.07 MB) - Crown Ownership Monitoring Unit

AnnexesAbbreviationsAPR – Annual Portfolio ReportCFIs – Crown financial institutionsCOMU – Crown Ownership Monitoring UnitCRIs – Crown research institutesCSR – Corporate social responsibilityDBP – Defined Benefit PlanDCF – Discounted Cash FlowDSO – Digital switchoverEBIT – Earnings before interest and taxation (see Financial Definitions)EBITDA – Earnings before interest and taxation, depreciation and amortisation (see FinancialDefinitions)EBITDAF – Earnings before interest, tax, depreciation, amortisation and fair-valueadjustments (see Financial Definitions)EP – Economic profitEY – Ernst & YoungFUM – Funds under managementGDP – Gross domestic productGFC – Global financial crisisGWh – Gigawatt hourMRP – Minimum Risk PortfolioMWh – Megawatt hourNOPAT – Net Operating Profit After TaxNPAT – Net Profit After Tax (see Financial Definitions)NZX – NZX LimitedOCL – Outstanding claims liabilityOECD – Organisation for Economic Co-operation and DevelopmentRMA – Resource Management ActROCE – Return on capital employed (see Financial Definitions)ROE – Return on equity (see Financial Definitions)ROIC – Return on invested capitalSCI – Statement of Corporate IntentSOE – State-owned enterpriseTSR – Total shareholder return (see Financial Definitions)UFB – Ultra-Fast BroadbandWACC – Weighted Average Cost of Capitalpage | 108