Finance - KPIs
Performance summary 2009/10
| KPI | Target | Performance | Performance |
|---|---|---|---|
| 2009/10 | 2009/10 | 2008/09 | |
| Appointed business only | |||
| Turnover versus FD | -£0.4m | -£3.3m | +£3.9m |
| Opex versus FD | -£22.8 | -£21.3 | -£17.2m |
| Gearing to RCV | <65% | 60% | 60% |
| NWL Group | |||
| Gearing to RCV | <70% | 61% | 61% |
| Cash interest cover | >3.0x | 3.9x | 3.8x |
| Cash flow to net debt | >13% | 18% | 18% |
Performance targets 2010/11
We are unable to disclose forward looking KPIs in this area as it is price-sensitive information. The forecast performance against these KPIs for the current year is reported to the NWL Board on a monthly basis.
The final determination (FD), which is integral to PR10 (periodic review of prices), sets out price limits for the 10 water and sewerage companies and 12 water only companies in England and Wales, every five years. The price limits, which are set by The Water Services Regulation Authority (Ofwat), will allow each company to fulfil its duties under legislation and its operating licence.
The NWL Regulatory Capital Value (RCV) represents the total capital value of the appointed water and sewerage business on which The Water Services Regulation Authority (Ofwat) allows a rate of return at price reviews based on its view of the cost of capital.
Performance report
| Document | |
|---|---|
| Finance performance 09/10 |  |
| Finance performance 08/09 | |
| Finance performance 07/08 | |