AIA
22/07/2014 10:03
GENERAL
REL: 1003 HRS Auckland International Airport Limited
GENERAL: AIA: AIAL Commerce Commission WACC announcement
Media Release l 22 July 2014
Commerce Commission's WACC announcement
Auckland Airport has received the Commerce Commission's draft report on
proposed changes to the Weighted Average Cost of Capital (WACC) for the
price-controlled, electricity and gas sectors.
Simon Robertson, Auckland Airport's chief financial officer, says, "This
draft Commerce Commission report on WACC does not directly impact Auckland
Airport."
"The Commission is separately considering whether it needs to make any
changes to its WACC methodology for airports, and we will continue to work
with the Commission during this review process."
WACC is the cost of raising capital, either through debt or shares. The
Commission's WACC methodology is not binding on airports, but is used by the
Commission to monitor aeronautical charges. The Commission is reviewing its
approach to one part of its WACC methodology following the High Court's
recent merits appeal decision and following feedback from stakeholders.
Ends
For further information please contact:
Simon Lambourne
+64 9 255 9089, +64 27 477 6120
[email protected]
End CA:00252939 For:AIA Type:GENERAL Time:2014-07-22 10:03:02
