e r 2 - Umgeni Water

| Financial Plan ChapterTable 15.14: Income Statement WastewaterUMGENI WATERIncome Statement (in R'000)For the year ended June 30, F08 F09 F10 F11 F11 F12 F13 F14 F15 F16WASTEWATER Actual Actual Actual Budget ForecastRevenue 35 084 41 930 44 216 47 443 47 223 50 593 53 762 57 368 61 053 64 974Wastewater Sales 1 348 1 814 1 492 45 372 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 397Cost of sales 20 570 26 149 26 534 31 246 29 995 34 379 38 263 43 505 49 335 55 946Chemicals 2 683 3 357 3 071 3 257 3 399 3 153 3 509 3 989 4 524 5 130Depreciation 2 479 2 490 2 490 2 490 2 736 3 682 4 098 4 660 5 284 5 992Energy 3 077 4 515 5 789 8 257 7 221 8 414 9 365 10 648 12 075 13 693Maintenance 5 175 7 137 7 597 8 498 7 485 8 281 9 217 10 479 11 883 13 476Staff Costs 6 094 5 388 6 297 7 130 7 564 8 721 9 706 11 036 12 515 14 191Other direct operating activities 1 062 3 262 1 290 1 361 1 591 2 128 2 369 2 693 3 054 3 463Gross margin/profit 14 514 15 780 17 682 16 197 17 228 16 214 15 498 13 863 11 718 9 02841% 38% 40% 34% 36% 32% 29% 24% 19% 14%Other operating income - 3 572 3 572 3 572 3 572 3 572 3 572 3 572 3 572 3 572Administration Expenses 2 186 5 747 6 001 6 458 8 890 9 051 10 047 7 767 7 379 8 071Staff Costs - - - - - - - - - -Energy 295 - - - - - - - - -Depreciation 197 381 385 379 428 207 221 417 445 476Amortisation - - - - - - - - - -Impairments - - - - - - - - - -Other operating & administrative expenses 1 694 5 366 5 616 6 080 8 462 8 844 9 826 7 351 6 934 7 595Operating income before interest 12 328 13 605 15 252 13 311 11 910 10 735 9 023 9 668 7 911 4 530Net interest and finance charges 9 672 8 460 8 032 6 924 7 397 6 544 5 603 6 305 5 603 2 886Interest Paid 9 672 8 460 8 032 6 924 7 397 6 544 5 603 6 305 5 603 2 886Interest Received - - - - - - - - - -Net Profit (Loss) 2 656 5 145 7 221 6 387 4 512 4 190 3 420 3 363 2 308 1 643Umgeni Water Five-Year Business Plan| 2011/2012 to 2015/2016 Page 95