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

ConsultantAmount 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

ConsultantAmount 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

ConsultantAmount 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.