Airports Company South Africa
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Airports Company South Africa 2003 / 2004 Budget Presentation Updated and Revised
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Airports Company South Africa. 2003 / 2004 Budget Presentation Updated and Revised. Passenger Growth - Summary. ATM Growth - Summary. Capex - Summary. Salient Features. Note 1: Excluding Profit on Sale of Natcos. Consolidated Income Statement. Consolidated Balance Sheet. - PowerPoint PPT Presentation
Transcript of Airports Company South Africa
Airports Company South Africa
2003 / 2004 Budget Presentation
Updated and Revised
Passenger Growth - Summary
Pax 2002/3 2003/4 % growth
Domestic 14,778,946 15,493,880 4.8%
International 6,323,242 6,735,372 6.5%
Regional 620,154 646,364 4.2%
Unscheduled 126,870 131,290 3.5%
Total 21,849,212 23,006,906 5.3%
ATM Growth - Summary
Pax 2002/3 2003/4 % growth
Domestic 119 845 125 406 4.6%
International 22 125 23 023 4.1%
Regional 11 373 12 064 6.1%
Unscheduled 65 515 68 282 4.2%
Total 218 858 228 774 4.5%
Capex - SummaryPer BUPer BU 2003/4 Per Permission Over Spend
JIA 329 132 239 224 89 908
CIA 125 151 114 161 10 990
DIA 24 654 7 591 17 063
Other 83 300 19 670 63 630
Total 562 237 380 646 181 591
Security 110 103 - 110 103
Over Spend excl Security
452 134 380 646 71 488
Salient Features2002/2003 2003/2004 % growth
Revenue 1 529 617 1 771 696 15.8%
Operating Expenses 625 442 700 362 11.9%
EBITDA 904 175 1 071 334 18.5%
EBIT 719 671 851 927 18.4%
Finance charges (13 002) (73 554) 465.7%
Net Income after tax 463 695 513 008 10.6%(1)
ROI 15.29% 16.12% 5.4%
Note 1: Excluding Profit on Sale of Natcos
Consolidated Income Statement
2002/2003 2003/2004
Aeronautical Revenue 832 898 947 938
Commercial Revenue 611 859 718 122
Other Revenue 84 860 105 636
Total Revenue 1 529 617 1 771 696
Personnel costs 274 776 302 046
Repairs and Maintenance 86 329 92 100
Utilities 74 814 93 142
Security 39 980 45 637
Other Costs 149 543 167 437
Operating Expenditure 625 442 700 362
EBITDA 904 175 1 071 334
Depreciation 171 502 219 407
Net Operating Income 732 673 851 927
% change
14
17
24
15.83
10
7
24
14
12
11.98
18.49
28
16.28
Consolidated Balance Sheet
2002/2003 2003/2004
Share Capital 750 001 750 001
Retained Income 2 065 555 2 346 262
Deferred tax & PRF 66 262 62 167
Trade Creditors 89 528 105 423
Sundry creditors and provisions 190 227 180 112
Loans and funding 660 132 717 164
Total Liabilities 3 821 705 4 161 129
Assets Net Book Value 3 530 076 3 900 650
Trade Debtors 159 866 171 059
Sundry Debtors, loans & Cash 131 763 89 420
Total Assets 3 821 705 4 161 129
Cash Flow Statement2003/2004
Net Profit before tax & interest 859 335
Depreciation 219 407
Working capital changes 1 943
Cash generated by operations 1 080 685
Interest paid (111 298)
Taxation paid (262 307)
Dividends paid (243 850)
Net cash inflow from operating activities 463 230
Net cash inflow from investing activities 26 142
Additions to fixed assets (562 237)
Increase in loans 52 937
Movement in cash for year (19 928)
Airports Company South Africa
