Front sheet |
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Workbook name: |
BPT-FM-Mapping-tool-v8.1.xlsx |
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Version number: |
8.1 |
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Filename: |
https://ofwat.sharepoint.com/sites/rms/pr-pr19/CrossPhase/Data and modelling/Live models/Financial models/Live/BPT-FM-Mapping-tool-v8.1.xlsx |
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Date: |
Tuesday, March 12, 2019 |
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Author: |
Robert Thorp |
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Author contact information: |
Robert.Thorp@ofwat.gov.uk |
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Sponsor: |
Andy Duff |
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Sponsor contact information: |
Andy.Duff@ofwat.gov.uk |
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Summary of workbook: |
The purpose of this spreadsheet is to aid companys in linking data from the business plan tables (BPTs) into the PR19 financial model (FM). |
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Instructions |
See guidance sheet |
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Guidance |
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Change Log |
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Below are details of changes to the mapping tool from the previously published version (31 Jan 2019) due to identified errors and changes to the BPTs/Financial model. |
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Issue |
Details |
Link |
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RoRE scenarios updated |
The RoRE scenarios have been amended to link to the pre tax values from app26. |
Financing - RoRE adjustment to net profits - Upside case - WR |
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Correction to links |
The previous version of the mapping tool did not align to the financial model for 'Brought forward capital allowance pool ~ structures and buildings 2%' and 'New capital expenditure - Proportion of new capital expenditure qualifying for the structures and buildings (2%) pool ~ Wastewater network plus'. This has been corrected |
Brought forward capital allowance pool ~ structures and buildings 2% - Brought forward capital allowance 2% ~ Wastewater network plus |
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New capital expenditure - Proportion of new capital expenditure qualifying for the structures and buildings (2%) pool ~ Wastewater network plus |
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Correction to links |
The links to the WACC tables (wr5 etc) were linked to the notional company structure instead of the actual company structure. This has bee amended. |
Cost of debt (used in WACC) ~ water resources |
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Cost of equity (used in WACC) ~ water resources |
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Gearing (used in WACC) ~ water resources |
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New lines added |
Links to new lines have been added to align with the latest version of the financial model (version 17z). |
Total residential retail costs (opex plus depreciation, excluding third party services) - Water only - Residential unmeasured |
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Total residential retail costs (opex plus depreciation, excluding third party services) - Wastewater only - Residential unmeasured |
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Total residential retail costs (opex plus depreciation, excluding third party services) - Water and wastewater - Residential unmeasured |
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Total residential retail costs (opex plus depreciation, excluding third party services) - Water only - Residential measured |
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Total residential retail costs (opex plus depreciation, excluding third party services) - Wastewater only - Residential measured |
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Total residential retail costs (opex plus depreciation, excluding third party services) - Water and wastewater - Residential measured |
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Total residential retail outcome delivery incentives (ODI) impact ~ High RoRE case (pre tax adjustment) |
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Total residential retail outcome delivery incentives (ODI) impact ~ Low RoRE case (pre tax adjustment) |
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