Income statement ($ million)
|
FY 2018 |
FY 2019 |
FY 2020 |
FY 2021 |
FY 2022 |
|
|---|---|---|---|---|---|
|
Rent revenue |
137.8 |
142.0 |
146.5 |
147.6 |
157.4 |
|
Operating grants |
111.0 |
123.6 |
141.6 |
179.1 |
209.8 |
|
NRAS subsidy |
13.6 |
13.7 |
12.1 |
10.5 |
9.8 |
|
Other revenue |
25.2 |
47.5 |
37.2 |
38.5 |
103.9 |
|
Total operating revenue |
287.5 |
326.8 |
337.4 |
375.7 |
480.9 |
|
Admin expenses |
162.3 |
161.2 |
173.0 |
207.0 |
227.5 |
|
Property expenses |
68.1 |
72.3 |
73.3 |
82.1 |
99.7 |
|
Depreciation |
23.8 |
28.8 |
34.8 |
38.2 |
43.3 |
|
Finance costs |
12.9 |
13.7 |
15.6 |
10.8 |
30.2 |
|
Other expense |
19.1 |
45.0 |
41.3 |
58.2 |
103.4 |
|
Total operating expense |
286.2 |
321.0 |
338.0 |
396.4 |
504.1 |
|
Net operating surplus1 |
1.1 |
5.8 |
‑0.8 |
-20.7 |
-23.2 |
|
Capital grants |
34.9 |
34.0 |
38.1 |
67.3 |
193.5 |
|
Other one-time items |
299.4 |
102.2 |
76.7 |
168.1 |
304.9 |
|
Net surplus |
335.4 |
142.0 |
114.0 |
214.7 |
475.1 |
1. Net operating surplus includes non-cash adjustments and as such will fluctuate year on year. Please refer to the analysis of the registered sector performance based on operating earnings before interest, tax, depreciation and amortisation (EBITDA).
Balance sheet ($ million)
|
|
FY 2018 |
FY 2019 |
FY 2020 |
FY 2021 |
FY 2022 |
|---|---|---|---|---|---|
|
Cash and short-term investments |
148.3 |
159.30 |
214.5 |
760.6 |
549.1 |
|
Other current assets |
37.0 |
43.0 |
47.3 |
65.6 |
92.2 |
|
Current assets |
185.3 |
202.4 |
261.8 |
826.2 |
641.3 |
|
Housing assets |
3 291.3 |
3 433.3 |
3 713.6 |
4 041.5 |
4 836.3 |
|
Other non-current assets |
69.2 |
64.1 |
101.5 |
171.6 |
302.0 |
|
Total non-current assets |
3 360.5 |
3 497.4 |
3 815.2 |
4 213.1 |
5 138.3 |
|
Total assets |
3 545.9 |
3 699.8 |
4 077.0 |
5 039.4 |
5 779.6 |
|
Loan liabilities |
28.8 |
81.7 |
38.9 |
24.3 |
19.2 |
|
Other current liabilities |
94.9 |
104.8 |
112.9 |
179.5 |
268.4 |
|
Total current liabilities |
123.7 |
186.5 |
151.8 |
203.8 |
287.6 |
|
Noncurrent loan liabilities |
256.7 |
219.8 |
357.0 |
996.8 |
1 129.4 |
|
Other noncurrent liabilities |
84.2 |
63.6 |
73.2 |
96.8 |
116.6 |
|
Total noncurrent liabilities |
341.0 |
283.4 |
430.2 |
1 093.6 |
1 246.0 |
|
Total liabilities |
464.7 |
469.9 |
582.0 |
1 297.4 |
1 533.6 |
|
Net assets |
3 081.2 |
3 229.9 |
3 494.9 |
3 742.0 |
4 246.0 |
|
Reserves |
826.7 |
843.7 |
995.8 |
1 267.8 |
1 346.5 |
|
Earnings |
2 254.5 |
2 386.2 |
2 499.1 |
2 474.2 |
2 899.5 |
|
Total equity |
3 081.2 |
3 229.9 |
3 494.9 |
3 742.0 |
4 246.0 |
Updated