31 March

As at 31 December

(in $ millions)

1993

1993

1994

1995

1996

1997

Fixed assets

59.9

75.2

102.5

113.1

105.7

154.6

Total assets

76.3

97.4

130.0

148.5

158.2

214.4

Total tangible assets

69.4

87.0

116.2

129.2

128.0

173.4

Debt due within one year

39.0

1.3

4.0

11.1

29.6

2.2

Long-term debt and lease obligations

19.9

86.0

123.8

135.7

138.8

81.6

Total liabilities

84.8

121.4

172.8

201.1

231.3

160.1

Shareholders’ equity

(8.5)

(24.0)

(42.8)

(52.6)

(73.1)

54.3

31 March

Nine months ended 31 Dec

Years ended 31 December

(in $ millions)

1993

1993

1994

1995

1996

1997

Cash flow from operating activities

(8.2)

(2.1)

13.6

30.6

26.2

37.5

Cash flow from investing activities

(21.0)

(25.7)

(52.2)

(40.1)

(41.1)

(61.4)

Cash flow from financing activities

30.3

28.7

37.8

13.8

17.1

18.0

EBITDA

(8.4)

1.9

13.7

32.7

41.9

46.4

Capital expenditure

21.1

25.8

52.2

39.0

41.5

58.7

31 March

As at 31 December

1993

1993

1994

1995

1996

1997

in New Zealand

1,272,000

1,287,200

1,307,000

1,326,800

1,346,600

1,346,600

Number of households within reach of the SKY UHF network

668,100

679,700

855,900

906,000

986,500

986,500

Percent of households within reach of the SKY UHF network

52.5%

52.8%

65.5%

68.3%

73.3%

73.3%

Subscribers – UHF:

Residential

81,038

116,448

163,695

191,061

238,908

269,891

Commercial

776

1,003

1,478

1,648

2,490

2,708

Total UHF

81,814

117,451

165,173

192,709

241,398

272,599

Subscribers – DBS (satellite)

Residential

–

–

–

–

–

11,729

Commercial

–

–

–

–

–

453

Total DBS

–

–

–

–

–

12,182

Total Subscribers

81,814

117,451

165,173

192,709

241,398

284,781

Percent of households within reach subscribing to the SKY network:

UHF

12.1%

17.1%

19.1%

21.1%

24.2%

28.2%

DBS

–

–

–

–

–

0.9%

Churn rate ⁽¹⁾

25.8%

25.8%

28.7%

40.1%

33.8%

28.9%

residential subscriber ⁽²⁾

$38.48

$38.48

$40.15

$45.29

$46.26

$45.76