Investor Presentaiton
Balance Sheet
$M's
Working Capital
FY07
FY08
FY09
FY10
9.7
56.4
26.4
30.1
Non Current Assets
110.8
165.5
156.7
178.8
Investment in income producing assets
Non Current Liabilities
(1.6)
(12.3)
(0.6)
118.9
209.6
182.5
(0.4)
208.5
Funding
Cash (overdraft)
16.6
(11.3)
20.6
21.4
Short term debt
(62.1)
(36.3)
(34.7)
(29.3)
Long term debt
(27.9)
(44.7)
(26.1)
(31.5)
} Reduction of debt
Net funding
(73.4)
(92.3)
(40.2)
(39.4)
Shareholders equity
45.5
117.2
142.2
169.1
Debt/ Balance Sheet Metrics
EBIT / net interest
6.9x
Net debt / (Net debt + equity)
61.7%
8.4x
44.1%
7.2x
9.8x
22.0%
18.9%
Strengthening interest cover
Lowering of net debt position
ā
ā
NRW has continued to reduce the net debt to equity position of the balance sheet.
Investment in income producing assets increased to service greater demand from clients
and expansion of revenue base.
Investor Presentation
Full Year Results FY2010
NEW
HOLDINGS LIMITEDView entire presentation