Historical Financial Data Under New AGL Reporting Structure
21 July 2009
AGL Energy Limited (AGL) will be reporting its annual results on 20 August 2009 in line with the new reporting structure previously announced by Chief Executive Officer, Michael Fraser.
Key changes to the reporting structure are:
- Inclusion of Wind farm development fees in Merchant Energy; previously reported
in Gas and Power Development.
- The remaining Gas and Power Development division will be called Upstream Gas.
- Inclusion of Carbon Solutions in Energy Portfolio Management; previously reported
separately in Merchant Energy. Carbon Solutions will also be renamed Ecomarkets.
To enable comparisons with performance in previous years, AGL provides the enclosed
tables which set out historical segment data reflecting the new AGL reporting structure.
| As previously reported: |
1H09 |
1H08 |
FY08 |
| Retail Energy |
145.7 |
134.8 |
271.7 |
| Merchant Energy |
211.9 |
156.9 |
300.8 |
| Gas and Power Development |
61.5 |
82.0 |
155.1 |
| Energy Investments |
30.5 |
50.6 |
73.7 |
| Centrally managed expenses |
(63.5) |
(51.4) |
(98.1) |
| Total |
386.1 |
372.9 |
703.2 |
| New reporting structure: |
|
|
|
| Retail Energy |
145.7 |
134.8 |
271.7 |
| Merchant Energy |
226.1 |
187.2 |
337.6 |
| Upstream Gas |
47.3 |
51.7 |
118.3 |
| Energy Investments |
30.5 |
50.6 |
73.7 |
| Centrally managed expenses |
(63.5) |
(51.4) |
(98.1) |
| Total |
386.1 |
372.9 |
703.2 |
| As previously reported: |
1H09 |
1H08 |
FY08 |
| Retail Energy |
122.4 |
120.8 |
236.3 |
| Merchant Energy |
130.9 |
(173.2) |
28.3 |
| Gas and Power Development |
1,738.7 |
72.9 |
73.5 |
| Energy Investments |
180.4 |
125.6 |
145.7 |
| Centrally managed expenses |
(73.1) |
(103.8) |
(165.1) |
| Total |
2,099.3 |
42.3 |
318.7 |
| New reporting structure: |
|
|
|
| Retail Energy |
122.4 |
120.8 |
236.3 |
| Merchant Energy |
145.1 |
(142.9) |
65.1 |
| Upstream Gas |
1,724.5 |
42.6 |
36.7 |
| Energy Investments |
180.4 |
125.6 |
145.7 |
| Centrally managed expenses |
(73.1) |
(103.8) |
(165.1) |
| Total |
2,099.3 |
42.3 |
318.7 |
| As previously reported: |
1H09 |
1H08 |
FY08 |
| Energy Portfolio Management |
244.2 |
179.0 |
357.2 |
| Merchant Operations |
(46.1) |
(32.2) |
(75.9) |
| Energy Services |
13.9 |
14.8 |
28.6 |
| Carbon Solutions |
4.0 |
(0.5) |
(0.9) |
| Sundry |
(4.1) |
(4.2) |
(8.2) |
| Total |
211.9 |
156.9 |
300.8 |
| New reporting structure: |
|
|
|
| Energy Portfolio Management1 |
248.2 |
178.5 |
356.3 |
| Merchant Operations2 |
(46.1) |
(32.2) |
(75.9) |
| Wind farm development fees |
13.9 |
14.8 |
28.6 |
| Energy Investments |
16.5 |
31.3 |
40.0 |
| Sundry |
(6.4) |
(5.2) |
(11.4) |
| Total |
226.1 |
187.2 |
337.6 |
| As previously reported: |
1H09 |
1H08 |
FY08 |
| PNG upstream investment (including pro-forma) |
22.4 |
42.9 |
75.9 |
| Upstream gas |
(3.8) |
4.9 |
24.8 |
| Wind farm development fees |
16.5 |
31.3 |
40.0 |
| Equity investments3 |
2.4 |
3.5 |
6.6 |
| Sundry |
(3.0) |
(0.6) |
(2.2) |
| Total |
34.5 |
82.0 |
145.1 |
| New reporting structure: |
|
|
|
| PNG upstream investment (including pro-forma) |
22.4 |
42.9 |
75.9 |
| Upstream gas |
(3.8) |
4.9 |
24.8 |
| Equity investments3 |
2.4 |
3.5 |
6.6 |
| Sundry |
(0.7) |
0.4 |
1.0 |
| Total |
20.3 |
51.7 |
108.3 |
1. Includes Wholesale Electricity, Wholesale Gas and Carbon Solutions (now renamed Eco-markets).
2 Includes Merchant Operations and Loy Yang.
3 Includes equity share of QGC and CSM Energy in new reporting structure.
Further inquires:
Nathan Vass, Senior Media Adviser
Direct: + 61 2 9921 2264
Mobile: + 61 (0) 405 040 133
e-mail: nvass@agl.com.au
About AGL
AGL is one of Australia's leading integrated energy companies and is taking action toward creating a sustainable energy future for our investors, communities and customers. Drawing on over 170 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has Australia's largest retail energy and dual fuel customer base. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is Australia's largest private owner and operator of renewable energy assets and is looking to further expand this position by exploring a suite of low emission and renewable energy generation development opportunities.