Five year financial history

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

  2018 2017 20161 20151 2014
Income statement ($million)          
Total external revenue 14,883 14,107 12,174 14,147 14,518
Underlying:          
EBITDA 3,217 2,530 1,696 2,149 2,139
Depreciation and amortisation expense (381) 477 (624) (807) (732)
Share of interest, tax, depreciation and amortisation of equity accounted investees2 (1,194) (925) (296) (62) (54)
EBIT 1,642 1,128 776 1,280 1,353
Net financing costs (278) (296) (109) (169) (192)
Income tax expense (339) (279) (286) (349) (342)
Non-controlling interests (3) (3) (16) (80) (106)
Segment result and Underlying consolidated profit 1,022 550 365 682 713
Impact of items excluded from segment result and Underlying consolidated profit net of tax (804) (2,776) (993) (1,340) (183)
Statutory:          
Profit attributable to members of the parent entity 218 (2,226) (628) (658) 530
Statement of financial position ($million)          
Total assets 24,257 25,199 28,905 33,367 30,941
Net debt/(cash) 7,289 8,364  9,470 13,273 9,134
Shareholders’ equity - members/parent entity interest 11,804 11,396 14,039 12,723 13,444
Adjusted net debt/(cash)3 6,496 8,111  9,131 13,102 9,146
Shareholders’ equity - total 11,828 11,418  14,060 14,159 15,129
Cash flow ($million)          
Net cash from operating and investing activities 2,645 1,378 1,215 (2,081) (1,087)
Key ratios          
Statutory basic earnings per share (cents)4 12.4 (126.9) (39.8) (52.1) 42.1
Underlying basic earnings per share (cents)4 58.2 31.3 23.2 54.0 56.7
Total dividend per share (cents) - 0 10 50 50
Net debt to net debt plus equity (adjusted) (%)3 35 42 39 48 38
Underlying EBITDA by segment ($million)          
Energy Markets 1,811 1,492 1,330 1,260 1,053
Integrated Gas5 1,521 1,104 386 498 570
Contact Energy - - 61 487 533
Corporate (115) (66) (81) (96) (17)
General information          
Number of employees (excluding Contact Energy) 5,565 5,894 5,811 6,922 6,701
Weighted average number of shares4 1,757,442,268 1,754,489,221 1,578,213,157 1,263,960,708 1,255,157,889
Integrated Gas8          
2P reserves (PJe) 4,799 5,788 6,277 6,260 6,473
Product sales volumes (PJe) 255 334 228 154 153
Liquified Natural Gas (Kt) 3,213 2,668 659 - -
    Natural gas and Ethane (PJ) 77 163 168 128 123
    Crude oil (kbbls) - 1,209 1,629 1,754 2,036
    Condensate/naphtha (kbbls) - 1,615 1,403 1,581 1,843
    LPG (kT) - 144 127 147 160
Production volumes (PJe) 254 323 232 148 142
Energy Markets          
Generation (MW) - owned and contracted 5,981 6,011 6,011 5,994 6,010
Generation dispatched (TWh) 20.58 20.30 20.10 19.94 17.20
Number of customers (’000) 4,181 4,210 4,217 4,266 4,295
    Electricity 2,666 2,716 2,741 2,801 2,876
    Natural gas 1,145 1,112 1,089 1,083 1,036
    LPG 370 382 387 382 383
Electricity (TWh)6 37.5 39.7 38.1 37.3 39.1
Natural gas (PJ)7 214.4 187.9 167.1 134.7 96
LPG (kT) 450 448 458 415 386

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. 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. Prior period adjusted for the bonus element (discount to market price) of the September 2015 rights issue.
  5. The Integrated Gas segment combines the former Exploration & Production and Australia Pacific LNG segments, as announced in August 2015.
  6. FY2015 and FY2014 were 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.
  7. Osborne gas sales were reclassified as internal due to new operational agreement. As a result, FY2015 and FY2014 external sales volumes, revenues and costs were revised with no impact on gross profit.
  8. 2018 excludes Lattice Energy (continuing operations basis shown).