BC Hydro > Financial Information Act Return (to March 31, 2007)

ManageMent Discussion anD analysis
For the year enDeD March 31, 2007
Comparison with Service Plan (continued)
8 6
2 0 0 7 B C H Y D R O A N N U A L R E P O R T
F I N A N C I A L R E S U L T S
The table below provides an overview of BC Hydro’s financial performance relative to its 2007 to 2009 Service Plan Update (February 2006). The
results and forecasts form the basis upon which key performance targets are set.
Service Plan
I-------------------Actual-------------------I Forecast Variance
in millions 2005 2006 2007 2007 2007
Revenues
Domestic
Residential $ 1,016 $ 1,046 $ 1,070 $ 1,071 $ (1)
Light Industrial and Commercial 967 989 1,025 1,016 9
Large Industrial 573 584 557 574 (18)
Other energy sales 88 93 99 90 9
Miscellaneous 60 16 41 56 (15)
Total Domestic 2,704 2,727 2,791 2,807 (16)
Trade 1,021 1,584 1,406 2,094 (688)
Total
Expenses
3,725 4,311 4,197 4,901 (704)
Energy costs 1,959 2,488 2,117 3,195 1,078
Operating costs 717 805 716 622 (94)
Taxes 143 147 149 152 3
Amortization 410 411 383 431 48
3,229 3,851 3,365 4,400 1,035
Operating Income 496 460 832 501 331
Finance charges 318 435 453 483 30
Payment from Alcan Inc. 137 – – – –
Income Before Regulatory Account Transfers 315 25 379 18 361
Regulatory Account Transfers 87 241 28 32 (4)
Net Income $ 402 $ 266 $ 407 $ 50 $ 357