e r 2 - Umgeni Water

| Financial Plan ChapterTable 15.24: Group Income StatementGroup Income Statement (in R'000)For the year ended June 30, F08 F09 F10 F11 F11 F12 F13 F14 F15 F16Actual Actual Actual Budget ForecastVolume of Bulk treated water sold (in kl'000) 403 754 415 956 425 848 425 978 414 579 413 905 414 273 419 037 425 322 431 702Revenue 1 289 035 1 492 688 1 633 043 1 614 484 1 696 301 1 868 605 1 717 212 1 836 952 1 966 038 2 102 655Water Sales - Bulk 1 190 798 1 259 188 1 373 786 1 460 849 1 422 120 1 506 646 1 587 960 1 697 677 1 816 291 1 942 938Water Sales - Reticulation - - - - - - - - - -Water Sales - Raw Water 246 368 232 384 270 297 308 325 343 361Wastewater Sales 1 348 1 814 1 492 2 071 1 851 1 999 2 107 2 252 2 409 2 578Wastewater Management Fee 33 736 40 116 42 724 45 372 45 372 48 594 51 655 55 116 58 644 62 397Section 30 activities 62 907 191 203 214 810 105 808 226 688 311 070 75 183 81 582 88 351 94 382Cost of sales 393 283 545 011 620 858 619 304 700 409 836 951 692 809 758 061 828 962 899 104Changes in water inventory (1 509) (122) 601 - - - - - - -Chemicals 25 175 32 751 32 510 33 947 37 436 39 410 42 090 45 120 48 234 51 562Depreciation 52 033 59 848 65 190 85 684 70 185 75 324 80 446 86 238 92 188 98 549Energy 37 291 43 145 56 963 85 213 85 529 103 851 130 748 146 438 164 011 176 967Maintenance 77 262 100 825 108 500 115 047 106 616 110 443 117 953 126 446 135 171 144 498Raw Water 74 169 77 744 83 870 101 733 100 647 152 630 175 534 195 763 218 509 244 108Staff Costs 79 497 82 666 92 618 104 436 101 731 118 896 128 289 138 424 149 083 160 413Section 30 activities 38 462 141 132 169 537 82 119 186 373 225 259 5 045 5 141 5 238 5 338Other direct operating activities 10 902 7 022 11 067 11 125 11 892 11 138 12 705 14 491 16 529 17 670Gross profit 895 752 947 677 1 012 186 995 180 995 893 1 031 654 1 024 403 1 078 891 1 137 076 1 203 55169% 63% 62% 62% 58% 55% 59% 58% 57% 57%Other operating income 8 577 31 707 8 529 7 370 (9 961) 6 431 6 594 6 766 6 949 7 141Administration Expenses 347 116 337 338 403 216 446 352 505 669 468 003 535 766 575 479 545 192 544 692Staff Costs 128 822 152 395 170 989 193 514 157 651 185 957 200 392 215 950 232 329 249 744Energy 2 151 2 255 2 435 4 914 4 896 6 108 7 690 8 613 9 647 10 409Depreciation 11 616 13 517 15 995 19 309 22 152 30 580 34 139 47 589 53 374 45 538Amortisation 93 208 94 218 98 978 93 075 94 510 2 900 2 975 2 975 2 975 2 975Impairments 5 700 2 072 9 806 - 87 126 96 047 94 525 81 229 64 509 40 460Other operating & administrative expenses (net of recoveries) 105 619 72 881 105 013 135 540 139 333 146 411 196 045 219 123 182 359 195 566Operating income before interest 557 213 642 046 617 499 556 198 480 263 570 082 495 231 510 179 598 832 666 001Net interest and finance charges 165 440 116 296 79 773 70 574 51 781 64 953 60 607 64 384 60 397 63 794Interest Paid 270 751 267 489 230 341 140 466 117 800 103 931 106 087 112 422 106 524 103 018Interest Received (105 311) (151 93) (150 68) (69 892) (66 019) (38 977) (45 480) (48 039) (46 126) (39 224)Share of profit from associate 1 092 1 264 2 985 - - - - - - -Net Profit (Loss) 392 865 527 014 540 711 485 623 428 481 505 129 434 625 445 795 538 435 602 207Umgeni Water Five-Year Business Plan| 2011/2012 to 2015/2016 Page 105