APA Group (APA) 2004年年度报告「ASX」.pdf

1、Australian PipelineTrustARSN 091 678 778ANNUAL REPORT 2004Focused on GrowthAustralian Pipeline Trust is listed on the Australian Stock Exchangeunder the ticker symbol APA.APA is an industry leader in gas transmission infrastructure.APA has an interest in more than7,500km of pipelines and a 25%share

2、of Australias natural gastransmission market.APA had 250,335,769 units on issue at 30 June 2004,held by 28,464 unitholders.4Australian Pipeline Trust ANNUAL REPORT 2004ContentsYear at a GlanceCorporate ReviewCorporate Highlights1Chairmans Report2Managing Directors Report4Acquisitions6The Management

3、Team8Directory and Financial CalendarInside Back CoverAnnual Financial Report 2004Corporate Governance9Directors Report17Statement of Financial Performance26Statement of Financial Position27Statement of Cash Flows28Notes to the Financial Statements29Directors Declaration59Independent Audit Report60A

4、dditional Stock Exchange Information62Unitholder Information63Glossary of Terms and Abbreviations64 Net profit after tax andminorities was$121.292million,up 195.50%on theprevious corresponding period(“pcp”)of$41.046 million.Excluding non-recurringitems of$76.308 million net operating profit aftertax

5、 and minorities was$44.984 million,an increaseof 9.59%on the pcp.5Australian Pipeline Trust ANNUAL REPORT 2004Total revenue of$278.108million,excluding non-recurringitems,was$6.196 million,2.28%above the pcp.EBIT of$111.368 million,excluding non-recurring items,was down$2.356 million,(2.07%)from the

6、 pcp.Pipeline revenue,excludingnon-recurring items andOther pipeline revenuewhich is in the nature ofpassthrough revenue,was$185.591 million,down$3.619 million,(1.91%)from the pcp.1Australian Pipeline Trust ANNUAL REPORT 2004KEY OPERATING HIGHLIGHTSICoverage of the Moomba to Sydney Pipeline(“MSP”)un