In its financial report for the six months to September 2016, the company said it had received a further £10 million from the insurance claim in the period, and incurred £9.9 million of operational costs associated with the assets damaged in the event.
“Since the balance sheet date, the total insurance claim has been agreed at £56 million,” the company said.
Over the Christmas period last year, Yorkshire Water was forced to draft in support from fellow water companies – Wessex Water, Northumbrian Water and Welsh Water – to help it battle flooding which occurred as a result of severe storms.
From the afternoon of 25 December, when the rain started, it took until 9 January for Yorkshire to get customers back to normal levels of operation.
The company reported capital expenditure in the six-month period of £175.5 million, a 78.2 per cent increase on the previous year (30 September 2015: £98.5 million).
It said this is to be expected as it is now into the second year of the new investment period, and a higher proportion of the capital programme has moved from feasibility and design into the construction phase of delivery.
Turnover increased by 2.6 per cent to £506.5 million, compared with £493.5 million the previous period. The group said this was because of higher trade effluent charges and a slight increase in volume used by measured customers for the six-month period.
Meanwhile, operating profit for the period reduced by 5.8 per cent to £147.8 million as operating costs increased by 6.6 per cent to £358.7 million.