by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Whitehaven Coal Limited : Annual Report 2011
WhitehavenCoalLimited–AnnualReport2011 9 FINANCIAL PERFORMANCE Earnings before interest, tax, depreciation and amortisation (EBITDA) was $189.7 million (excluding coal purchases), reduced to $148.0 million after coal purchases. Whitehaven’s balance sheet remains very strong. Cash on hand at FY2011 year-end, together with outstanding cash to be received from previously announced sales of the Narrabri JV interests and cash from operations, is expected to provide sufficient funding to complete the development of Narrabri Stage 2 and the expansion of Whitehaven’s existing open cut mines. Cash flow from operations was $120.3 million for the year compared to $69.3 million for FY2010 due to increased coal sales. Closing cash on hand at 30 June 2011 was $207.6 million, compared to $141.0 million in FY2010. Financial Performance (A$ millions) 2011 2010 Movement Sales revenue 622.2 406.8 +52.9% EBITDA before significant items 148.0 108.8 +36.0% EBIT before significant items 107.0 76.7 +39.5% NPAT before significant items 73.3 55.1 +33.0% Significant items net of tax (63.4) 59.8 - 206.0% NPAT after significant items 9.9 114.9 - 91.3% EPS-diluted 2.0 cents 24.0 cents - 91.7%
Annual Report 2010
Annual Report 2012