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Financial performance
Financial performance
Financial performance summary
The following is a brief summary of our overall financial performance.
The year-end profit before tax result is $272.5 million which is $39 million higher than the original budget. This result can be attributed to a number of factors including:
- higher operating revenues from an increase in water sales of $62 million and recycled water sales of $2.8 million
- interest and finance charges savings of $6.8 million.
These were offset by:
- higher electricity costs of $15.3 million and higher chemical costs of $2.4 million resulting from the increased water sales
- other underlying operating expenditure increases of $5.3 million
- accelerated depreciation and asset write offs of $7.7 million relating to plant and equipment, infrastructure and capital work-in-progress
- other reductions in revenue and expenditure of $1.9 million.
Consultants
The following is a summary of external consultants engaged, and the nature and cost of the work undertaken.
Consultancies less than $10 000
| Consultant | Amount | Description / Purpose |
|---|---|---|
Bakjac Consulting Pty Ltd | 185.00 | Coaching service |
SA Federation of Ratepayers | 945.72 | Sitting fees |
Marchment Hill Consulting | 1,800.00 | Civil maintenance benchmarking |
J Bowley Consulting Engineers | 4,500.00 | Heritage engineer report, Cobdogla |
The University of Adelaide | 6,300.00 | Technical report on Water RA Project 110-49 Environmental E. coli |
Between $10 000 and $50 000
| Consultant | Amount | Description / Purpose |
|---|---|---|
J Squared Consulting | 10,880.00 | Fire system audit including site inspection and preparation compliance |
Hudson Howells | 24,793.50 | Mount Barker irrigation scheme |
Due Diligence Consultants Pty Ltd | 28,283.40 | Financial integrity and due diligence reporting for Trility contract |
Inside Infrastructure Pty Ltd | 37,500.00 | Specialised sewer renewals program assessment, external resource to ensure integrity |
Teamgage Pty Ltd | 47,685.00 | Subscription |
Greater than $50 000
| Consultant | Amount | Description / Purpose |
|---|---|---|
Marsden Jacob Associates Pty Ltd | 60,699.13 | Our Plan 2020-24 customer research |
Acil Allen Consulting Pty Ltd | 64,767.00 | Our Plan 2020-24 water demand model review and Acil energy trace price model |
KPMG | 217,133.80 | Advisory services for the Adelaide Service Delivery Project, Our Plan 2020-24 benchmarking review, rate of return peer review |
Total | 505,472.55 |
See also tenders.sa.gov.au/tenders/index.do for a list of all external consultancies, including nature of work and value. See also the Consolidated Financial Report of the Department of Treasury and Finance at treasury.sa.gov.au for total value of consultancy contracts across the SA Public Sector.
