Adaptation of best practice corporate governance principles to suit the Corporation’s unique status -
as a State-owned enterprise, Hydro Tasmania adjusts standard company best-practice principles to suit this operating status.

Code of Conduct Breaches - number of breaches by Hydro Tasmania employees of Hydro Tasmania’s Code of Conduct. No target has been set for Code of Conduct breaches, as they will be reported as they occur.

Regulatory Breaches - number of breaches of external legislative, regulatory, or other statutory obligations. These include regulator determinations, licence obligations, permit conditions, and codes or standards mandated under legislation or regulation. No target has been set for regulatory breaches, as they will be reported as they occur.

Asset targets met or exceeded - shows, as a percentage, the number of targets met e.g. three targets out of four equates to 75%.

Maintenance routines completed - number of successfully completed routine preventative maintenance and condition monitoring jobs.
These jobs are an essential part of ensuring plant safety and maintaining performance capability.

Start success - shows, as a percentage, how many times the plant managed to start successfully after the start command was issued. The ability to provide successful starts is an essential component of being able to provide guaranteed and flexible asset performance.

Equivalent forced outage - shows the portion of time that plant was unavailable for service due to breakdowns. Breakdowns restrict Hydro Tasmania’s ability to meet guaranteed performance levels.

Telecomms network availability - amount of time the network is available for use.

Reduce energy usage over the next five years based upon 2005/06 baseline - shows, as a percentage, total energy reduction by Hydro Tasmania, excluding gas at Bell Bay, to a given year as a percentage of total energy used in 2005/06.

Development of new market opportunities and products - number of new products, new product types and markets.

Have research collaboration in place - develop and maintain a collaborative relationship in the field of renewable technology research.

Number of renewable energy pilot programs/research programs under way - the number of renewable energy pilot programs and research programs that Hydro Tasmania is involved in, including those undertaken through joint ventures.

Proportion of Consulting revenue from internal and external work - proportion of revenue Consulting earns from services provided to clients within Hydro Tasmania and the proportion earned from services provided to clients external to Hydro Tasmania.

Profit After Tax - calculated as per standard accounting policies.

Dividends paid to Tasmania - cash returns to our shareholder from dividends.

Business expenses paid to Government - cash payment of income tax equivalents, rates equivalents and guarantee fees to our shareholder.

Capital expenditure - cash outlay for capital projects, including investments in joint ventures (other than Roaring 40s).

Investments in R40s - Hydro Tasmania’s equity contributions to the Roaring 40s joint venture.

Interest Cover Ratio - the ratio of earnings before interest, taxation, depreciation and amortisation (EBITDA) to financing expenses [including borrowing costs and Retirement Benefits Fund (RBF) expense].

Fixed Cost Cover Ratio - the ratio of fixed costs to EBITDA (excluding fixed costs). Fixed costs include Basslink costs, all borrowing expenses and RBF expense.

Cash Rate of Return - EBITDA as a percentage of net revalued assets.

Level of employee engagement against high performing organisations benchmark - engagement is a measure of employees’ satisfaction, motivation and commitment. Target is to match Right Management’s high performing organisations’ benchmark (ie 100% equals benchmark).

Employee feedback regarding diversity and equal opportunity - scores from the annual staff survey on questions related to diversity and equal opportunity.

Employee profile reflects Tasmanian population in part-time worker ratio - measures the similarity between the part-time to full-time worker ratio for Hydro Tasmania and Tasmania, as a percentage.

Lost Time Incident Frequency - number of lost time accidents per million hours worked.

Reputation rating from biennial community survey - the rating gained by Hydro Tasmania in its biennial community survey.