ANNUAL REPORT 2021-22

26 ANNUAL REPORT 2021-22 ANNUAL REPORT 2021-22 Our finances Territory Generation is proud to report on a net profit after tax of $16.9 million, $10.6 more than budgeted. 2021-22 is our fourth consecutive profitable financial year. This strong financial result was achieved through effective cost control measures across the business, bolstered by slower than forecast uptake of renewables being connected to the grid and higher temperatures in the north. Total revenue from electricity sales was $286.8 million, a significant increase from the previous financial year. The total cost of energy was $227.9 million. Closing cash holdings were $67.1 million. Territory Generation spent $47.3 million on capital projects compared with $42.2 million in 2020-21. In consultation with the Shareholding Minister, the Territory Generation Board recommended a dividend of $8.47 million be paid to the Northern Territory Government on 24 November 2022. A dividend of $5.43 million was declared for 2020-21 and paid in the 2021-22 financial year. We continue to look at how we can safely, reliably and responsibly deliver efficiencies as the Northern Territory transitions to 50 per cent renewables by 2030 and net zero emissions by 2050. 7 Day OMT, Paul Fuller, inspecting a V12 diesel unit at Yulara Power Station. .00: Financial statements DIRECTORS' REPORT DIRECTORS' DECLARATION INDEPENDENT AUDIT OPINION STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME له نیا له 31 32 37 STATEMENT OF FINANCIAL POSITION STATEMENT OF CHANGES IN EQUITY STATEMENT OF CASH FLOWS 38 39 40 NOTES TO THE FINANCIAL STATEMENTS 41 27 27

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