Five year financial history

A reconciliation between Statutory and Underlying profit measures can be found in note A1 of the Origin Consolidated Financial Statements.

  20191 20181 2017 20161 20151
Income statement ($million)          
Total external revenue 14,727 14,883 14,107 12,174 14,147
Underlying:          
EBITDA2 3,232 3,217 2,530 1,696 2,149
Depreciation and amortisation expense (419) (381) 477 (624) (807)
Share of interest, tax, depreciation and amortisation of equity accounted investees3 (1,504) (1,194) (925) (296) (62)
EBIT 1,308 1,642 1,128 776 1,280
Net financing costs (154) (278) (296) (109) (169)
Income tax expense (123) (339) (279) (286) (349)
Non-controlling interests (3) (3) (3) (16) (80)
Segment result and underlying consolidated profit 1,028 1,022 550 365 682
Impact of items excluded from segment result and underlying consolidated profit net of tax 183 (804) (2,776) (993) (1,340)
Statutory:          
Profit attributable to members of the parent entity 1,211 218 (2,226) (628) (658)
Statement of financial position ($million)          
Total assets 25,743 24,257 25,199 28,905 33,367
Net debt/(cash) 6,084 7,289 8,364  9,470 13,273
Shareholders’ equity - members/parent entity interest 13,129 11,804 11,396 14,039 12,723
Adjusted net debt/(cash)4 5,417 6,496 8,111 9,131 13,102
Shareholders’ equity - total 13,149 11,828 11,418 14,060 14,159
Cash flow ($million)          
Net cash from operating and investing activities 1,914 2,645 1,378 1,215 (2,081)
Key ratios          
Statutory basic earnings per share (cents)5 68.8 12.4 (126.9) (39.8) (52.1)
Underlying basic earnings per share (cents)5 58.4 58.2 31.3 23.2 54.0
Total dividend per share (cents)10 25 - 0 10 50
Net debt to net debt plus equity (adjusted) (%)4 29 36 42 39 48
Underlying EBITDA by segment ($million)          
Energy Markets2 1,574 1,811 1,492 1,330 1,260
Integrated Gas6 1,892 1,521 1,104 386 498
Contact Energy - - - 61 487
Corporate (234) (115) (66) (81) (96)
General information          
Number of employees (excluding Contact Energy) 5,360 5,565 5,894 5,811 6,922
Weighted average number of shares5 1,758,935,655 1,757,442,268 1,754,489,221 1,578,213,157 1,263,960,708
Integrated Gas7          
2P reserves (PJe) 4,599 4,799 5,788 6,277 6,260
Product sales volumes (PJe) 254 255 334 228 154
    Liquified Natural Gas (Kt) 3,257 3,213 2,668                 659 -
    Natural gas and Ethane (PJ) 73 77 163 168 128
    Crude oil (kbbls) - - 1,209 1,629 1,754
    Condensate/naphtha (kbbls) - - 1,615 1,403 1,581
    LPG (kT) - - 144 127 147
Production volumes (PJe) 255 254 323 232 148
Energy Markets          
Generation (MW) - owned 6,029 5,981 6,011 6,011 5,994
Generation dispatched (TWh) 20.28 20.58 20.30 20.10 19.94
Number of customers (’000) 4,192 4,181 4,210 4,217 4,266
    Electricity 2,639 2,666 2,716 2,741 2,801
    Natural gas 1,191 1,145 1,112 1,089 1,083
    LPG 362 370 382 387 382
Electricity (TWh)8 36.2 37.5 39.7 38.1 37.3
Natural gas (PJ)9 222.0 214.4 187.9 167.1 134.7
LPG (kT) 426 450 448 458 415

2018 Annual Report and Shareholder Review

During the 2018 financial year, Origin made good progress towards reducing debt and improving business performance.

View the Annual Report and Shareholder Review

2018 Sustainability Report

We've committed to halving our direct carbon emissions by 2032 and we're on track for renewables to make up more than 25% of our generation mix by 2020. 

View our Sustainability Report

Governance

We act in accordance with the highest standards of personal safety and environmental performance, governance and business conduct.

Our governance


  1. Includes discontinued operations and assets held for sale unless stated otherwise.
  2. FY2019 includes premiums relating to certain electricity hedges within underlying profit. The equivalent amounts in prior years have not been restated in the above table. Had the amounts been adjusted, the impact to underyling EBITDA in each period would have been a reduction in each year is as follows: FY2018 $(160) million; FY2017 $(141) million; FY2016 $(139) million and FY2015 $(125) million. 
  3. Origin discloses its equity accounted results in two lines: ‘share of EBITDA of equity accounted investees,’ included in EBITDA; and ‘share of interest, tax, depreciation and amortisation of equity accounted investees,’ included between EBITDA and EBIT.
  4. Total current and non-current interest-bearing liabilities only, less cash and cash equivalents excluding APLNG related cash, less fair value adjustments on hedged borrowings.
  5. Prior period adjusted for the bonus element (discount to market price) of the September 2015 rights issue.
  6. The Integrated Gas segment combines the former Exploration & Production and Australia Pacific LNG segments, as announced in August 2015.
  7. 2018 excludes Lattice Energy (continuing operations basis shown).
  8. FY2015 was restated to better reflect the recognition of volumes, revenues and costs associated with feed-in volumes from solar customers with no impact on gross profit.
  9. Osborne gas sales were reclassified as internal due to new operational agreement. As a result, FY2015 external sales volumes, revenues and costs were revised with no impact on gross profit. 
  10. Dividends represent the interim and final dividends determined for each FY. This includes the final dividend for FY2019 determined on 22 August 2019 to be paid on 27 September 2019. The amounts paid within each FY are 10c, 0c, 0c, 35c and 50c repectively.