Sales volumes increased by 6 PJe or six per cent to 115 PJe for the current year (prior year 109 PJe) due windows 7 build 7601 serial to increased customer demand.
Gross profit contributions from the Natural Gas and Electricity businesses were preserved in a market that has changed significantly in the past year while costs were reduced.
The second set of compressor trains was shipped to Brisbane from Germany and the first two gas plant pre-assembled units were shipped from Thailand to Brisbane on schedule during June and July 2012 respectively.
Information on reserves and resources.The year in review, underlying ebitda from continuing operations.6 billion was slightly below the prior year reflecting a strong operational performance from Energy Markets and the commencement of LNG production from Australia Pacific LNG.The CSG interests that Australia Pacific LNG acquired from Tri-Star in 2002 are subject to reversionary rights.Non-ifrs Financial Measures are used internally by management to assess the performance of Origins business, and to make decisions on allocation of resources.Importantly, net cash from operating and investing activities increased by 522 million.3 billion.
Kevin's community activities include Chairmanship of the National Library of Australia Foundation and membership of the Law Foundation, University of Sydney and a member of the University of Sydney, Business School Advisory Board.
Net cash from operating and investing activities improved.3 billion.2 billion driven by asset sales and improving cash flow as capital expenditure and operating costs were reduced.
The statutory loss from total operations was 589 million, an improvement of 10 per cent on the prior year.
Tri-Star has commenced proceedings against Australia Pacific LNG claiming that reversion has occurred.
3P reserves increased from 14,742 PJe to 16,047 PJe.
Train 1 production has ramped up quickly to above nameplate capacity and to date, the project has shipped 36 cargoes(1 primarily to its two major customers, Sinopec and Kansai.
Origins Group Financial Controller, Gary Mallett, is currently acting in the role of Chief Financial Officer.The sale of additional assets remains on track to meet the 800 million target by the end of FY2017.Origins strategy of investing in gas and renewables sees the company well placed to lead the transition to less carbon intensive energy not only domestically through the Energy Markets business but also in regional markets through investment in Australia Pacific LNG and its growing LNG production.At the 2015 Annual General Meeting last October, Karen Moses advised of her intention to retire in 2016 to pursue opportunities as a Non-executive director. .The reversion trigger will occur when Australia Pacific LNG has recovered from its revenue derived from the acquired CSG interests its expenditure relating to the acquired CSG interests plus interest on that expenditure, its royalty payments and the original acquisition price.