Appendix Q – Adjusted underlying result

Forecast Budget Financial Plan Projections 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000 $'000

Operating

Total income Total expenses

Surplus for the year

235,736 235,462 231,741 234,252 239,140 245,871 250,757 256,148 261,645 267,452 272,964 (212,039) (204,057) (203,622) (208,694) (212,912) (218,061) (221,938) (226,268) (231,645) (235,594) (240,466)

23,697 31,405 28,119 25,558 26,228 27,810 28,819 29,880 30,000 31,858 32,498

Less non-operating income and expenditure

Grants - capital (non-recurrent) Contributions - non-monetary

(12,916) (8,978) (1,500) - - - - - - - (15,000) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) (10,000) Capital contributions - other sources (4,059) (4,935) (3,045) (2,000) (2,000) (2,000) (2,000) (2,000) (2,000) (2,000) (2,000)

Adjusted underlying surplus (deficit) (8,278) 7,492 13,574 13,558 14,228 15,810 16,819 17,880 18,000 19,858 20,498