APA Group (APA) 2005年年度报告「ASX」.pdf

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1、Australian Pipeline Trust ARSN 091 678 778 ANNUAL REPORT 2005CONTENTSANNUAL FINANCIAL REPORT 2005Corporate Governance 13Directors Report 22Statement of Financial Performance 31Statement of Financial Position 32Statement of Cash Flows 33Notes to the Financial Statements 34Directors Declaration 73Audi

2、tors Declaration of Independence 74Independent Audit Report 75Additional Stock Exchange Information 77Unitholder Information 78Glossary of Terms 79Directory and Financial Calendar 80CORPORATE REVIEWCorporate Highlights 1Chairmans Report 2Chief Executive Offi cers Report 4Acquisitions 7Board of Direc

3、tors 8Management Team 10PICTURED ABOVE:The Roma to Brisbane Pipeline(“RBP”)in Queensland runs below The Cascades at Forest Lake,a suburb 25 kilometres outside of Brisbane.WE CONTINUE TO PROMOTE THE IMPORTANCE OF“CLEAN”NATURAL GAS TO AUSTRALIA,AND ESPECIALLY TO THE OUTLYING AND ISOLATED PARTS OF THE

4、COUNTRY WHERE NATURAL GAS AND PIPELINES DELIVER JOBS AND PROSPERITY.CORPORATE HIGHLIGHTS1FINANCIAL SUMMARYFOR THE YEAR ENDED 30 JUNE Year ended Year ended 30 June 2005 30 June 2004 Change Operating Results$m$m%Pipeline revenue 267.2 185.6 44.0Other pipeline revenue 89.3 74.6 19.7Other revenue 19.3 1

5、7.9 7.3Total revenue 375.8 278.1 35.1EBITDA 178.9 133.9 33.6EBIT 142.1 111.4 27.6Pre-tax profit 77.8 65.0 19.6Income tax expense(26.4)(19.8)(33.3)Operating profit after income tax and minorities 51.0 45.0 13.4Significant items after income tax 18.7 76.3(75.5)Net profit attributable to unitholders 69

6、.7 121.3 (42.6)Financial RatiosEarnings per unit(cents)before significant items 18.55 18.25 1.6Earnings per unit(cents)after significant items 25.33 49.20(48.5)Net tangible asset backing per unit$2.19$2.08 5.3Free cash flow per unit(cents)37.59 31.76 18.4Interest cover ratio before significant items