Importance: Very highView other "Corporate Foundation" indicators
31st Mar 2023
The targets for this KPI have been amended to correct an error in the original calculation in the treatment of capitalised interest. EBITDA MRI is lower than target due to reduced operating surplus mainly as a result of higher operating costs as highlighted in the commentary for the Headline Cost Per Unit KPI. The worsening KPI has been somewhat offset by the £1.8m interest receivable achieved from higher deposit interest rates achieved on the significant post bond cash balances. Members will note the £2m spend that Board approved in December 2022 to restart delayed planned maintenance was a decision taken to utilise some of the headroom we had in the operating surplus.
The targets for this KPI have been amended to correct an error in the original calculation in the treatment of capitalised interest. EBITDA MRI is lower than target due to reduced operating surplus mainly as a result of higher operating costs as highlighted in the commentary for the Headline Cost Per Unit KPI. The worsening KPI has been somewhat offset by the £1.8m interest receivable achieved from higher deposit interest rates achieved on the significant post bond cash balances. Members will note the £2m spend that Board approved in December 2022 to restart delayed planned maintenance was a decision taken to utilise some of the headroom we had in the operating surplus.
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