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favourable variance |
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favourable variance
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| E[acute accent]The reduction from the favourable variance to prior at the EBITDA level reflects mainly the additional depreciation charges on SES AMERICOM satellites taken into service during, or subsequent to the close of the prior-year, the satellites concerned being: AMC-15 (entered service in December 2004), AMC-16 (February 2005), AMC-12 (April 2005), AMC-11 (November 2004) and AMC-10 (May 2004). EGD earnings are higher due to higher rate base and a number of smaller favourable variances across the utility. 5 million improvement derived primarily from the favourable variance in the net change in non-cash balances related to operations. |
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