Investor Presentaiton
FINANCIAL PERFORMANCE – HY 2013
Spark Infrastructure
UNDERLYING RESULTS - HALF YEAR ENDED 30 June 2013
HY 2013 ($m)
HY 2012 ($m)
% Change
Total income
156.6
153.7
1.9
General, administrative and employee expenses1
SDP bid costs
Swap cancellation costs
Previously capitalised borrowing costs²
Interest expense (gross) - senior debt
Profit before loan note interest and tax
(4.3)
(2.6)
64.9
(4.6)
n/m
(2.2)
n/m
(1.0)
n/m
(2.4)
(4.7)
(49.3)
146.7
141.8
3.5
Loan Note Interest (Distributions to Securityholders)
(46.4)
(46.7)
(0.6)
Income tax (expense)/benefit³
(24.3)
1.1
n/m
Profit attributable to Securityholders - underlying
Profit attributable to Securityholders - statutory
76.0
96.2
(21.0)
76.0
88.7
(14.3)
1.
HY 2012 includes $1.3 million of provision write back
2.
Unamortised borrowing costs attached to the old syndicated facilities
3. Previously unrecognised tax losses fully recognised at 31 December 2012. Income tax is currently a non-cash item
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SPARK INFRASTRUCTURE INVESTOR PRESENTATION - NOVEMBER 2013 21View entire presentation