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completed this year. This year’s financial
accounts reflect the adverse impact
on ARTC of that decision relating to
1 January 2013 to 30 June 2016.
Excluding that item, ARTC’s NPAT would
have exceeded last year by 23.5 percent.
ARTC’s access revenue for the FY2016
was $755.7 million, which was $2.7
million (0.4 percent) below last year,
driven primarily by the Hunter Valley
Revenue Allocation Review outcome
which resulted in a provision being taken
against revenue for $69.5 million with a
corresponding direct adverse impact on
our reported profit. Without that impact,
access revenue would have increased by
$66.8 million (9 percent) over the prior year.
The adverse revenue impact was
significantly mitigated by close
attention to achieving cost savings
across other expenses resulting in profit
from operating activities for the year
of $233.9 million which was $2.4 million
above last year.
The total dividend reported for FY2016
of $91.3 million represents an increase
of $33.9 million on last year’s dividend
of $57.4 million.
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