Five year financial history

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

  2016(1) 2015(1) 2014 2013 2012
Income statement ($million)          
Total external revenue 12,174 14,147 14,518 14,747 12,935
Underlying:          
EBITDA 1,696 2,149 2,139 2,181 2,257
Depreciation and amortisation expense (624) (807) (732) (695) (614)
Share of interest, tax, depreciation and amortisation of equity accounted investees(2) (296) (62) (54) (48) (45)
EBIT 776 1,280 1,353 1,438 1,598
Net financing costs (109) (169) (192) (255) (217)
Income tax expense (286) (349) (342) (339) (415)
Non-controlling interests (16) (80) (106) (84) (73)
Segment result and Underlying consolidated profit 365 682 713 760 893
Impact of items excluded from segment result and Underlying consolidated profit net of tax (954) (1,340) (183) (382) 87
Statutory:          
Profit attributable to members of the parent entity (589) (658) 530 378 980
Statement of financial position ($million)          
Total assets 28,898 33,367 30,941 29,589 28,071
Net debt/(cash)  9,470 13,273 9,134 6,808 5,522
Shareholders’ equity - members/parent entity interest 14,509 12,723 13,444 13,283 13,094
Adjusted net debt/(cash) (3)  9,131 13,102 9,146 7,037 5,738
Shareholders’ equity - total  14,530 14,159 15,129 14,794 14,458
Cash flow ($million)          
Net cash from operating and investing activities 1,215 (2,081) (1,087) 27 (804)
Key ratios          
Statutory basic earnings per share (cents)(4) (37.3) (52.1) 42.2 30.3 79.5
Underlying basic earnings per share (cents)(4) 23.2 54.0 56.8 60.9 72.4
Total dividend per share (cents) 10 50 50 50 50
Net debt to net debt plus equity (adjusted) (%) 39 48 38 32 28
Underlying EBITDA by segment ($million)          
Energy Markets 1,330 1,260 1,053 1,333 1,562
Integrated Gas (5) 386 498 570 455 376
Contact Energy 61 487 533 435 400
Corporate (81) (96) (17) (42) (81)
General information          
Number of employees (excluding Contact Energy) 5,811 6,922 6,701 5,658 5,941
Weighted average number of shares (4) 1,578,213,157 1,263,960,708 1,255,157,889 1,246,975,013 1,233,128,523
Integrated Gas          
2P reserves (PJe) (6) 6,277 6,260 6,473 6,201 6,807
Product sales volumes (PJe) 228 154 153 133 140
    Natural gas and Ethane (PJ) 168 128 123 110 118
    Crude oil (kbbls) 1,629 1,754 2,036 1,462 1,286
    Condensate/naphtha (kbbls) 1,403 1,581 1,843 1,548 1,563
    LPG (kT) 127 147 160 113 119
Production volumes (PJe) 232 148 142 123 130
Energy Markets          
Generation (MW) - owned and contracted 6,011 5,994 6,010 5,930 5,900
Generation dispatched (TWh) 20.10 19.94 17.20 15.70 14.89
Number of customers (’000) 4,217 4,266 4,295 4,293 4,359
    Electricity 2,741 2,801 2,876 2,917 3,014
    Natural gas 1,089 1,083 1,036 998 963
    LPG 387 382 383 378 382
Electricity (TWh) (7) 38.1 37.3 39.1 - -
Natural gas (PJ) (8) 167.1 134.7 96 - -
LPG (kT) 458 415 386 437 502

Shareholder Review 2016

During the 2016 financial year, Origin made good progress on delivering against its key priorities.

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Sustainability Report 2016

For Origin to be sustainable and here for the long term, it’s critical we understand what’s important to our stakeholders and make good decisions now.

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Governance

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

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  1. Includes discontinued operations and assets held for sale unless stated otherwise.

  2. 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.

  3. Total current and non-current interest bearing liabilities only, less cash and cash equivalents, less fair value adjustments on foreign exchange hedging transactions. 

  4. FY2012 to FY2015 have been restated for the impact of the October 2015 share rights issue. 

  5. The Integrated Gas segment combines the former Exploration & Production and Australia Pacific LNG segments, as announced in August 2015. FY2016 and FY2015 include a reallocation of LNG net recoveries from the Corporate segment to the Integrated Gas segment. 

  6. Includes Origin’s share of Australia Pacific LNG reserves. Shareholding was 42.5 per cent at 30 June 2012 and post-Sinopec completion on 12 July 2012 is 37.5 per cent

  7. FY2015 and FY2014 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. Comparable figures for FY2013 and FY2012 are not available.

  8. Osborne gas sales re-classified as internal due to new operational agreement. As a result FY2015 and FY2014 external sales volumes, revenues and costs have been revised with no impact on gross profit. Comparable figures for FY2013 and FY2012 are not available.