Preliminary Final Report & On-Market Buy-Back
Document date:
Wed 03 Nov 1999
Published:
Wed 03 Nov 1999 11:24:15
Document No:
154638
Document part:
O
Market Flag:
Y
Classification:
HOMEX - Sydney
+++++++++++++++++++++++++
(Not Equity Accounted)
CONSOLIDATED PROFIT AND LOSS ACCOUNT
(These figures are NOT equity accounted)
CURRENT PREVIOUS
PERIOD CORRESPONDING
PERIOD
AUD000 AUD000
1.1 Sales (or equivalent operating) revenue 59,444 80,155
1.2 Other revenue 4,996 4,206
1.3 Total revenue 64,440 84,361
1.4 Operating profit (loss) before
abnormal items and tax 29,225 47,998
1.5 Abnormal i6660tems before tax
(detail in item 2.4) 3,944 (1,933)
1.6 Operating profit (loss) before tax
(items 1.4 + 1.5) 33,169 46,065
1.7 Less tax (10,002) (22,018)
1.8 Operating profit (loss) after tax
but before outside equity interests 23,167 24,047
1.9 Less outside equity interests
1.10 Operating profit (loss) after tax
attributable to members 23,167 24,047
1.11 Extraordinary items after tax
(detail in item 2.6)
1.12 Less outside equity interests
1.13 Extraordinary items after tax
attributable to members
1.14 Total operating profit (loss) and
extraordinary items after tax
(items 1.8 + 1.11) 23,167 24,047
1.15 Operating profit (loss) and
extraordinary items after tax
attributable to outside equity
interests (items 1.9 + 1.12)
1.16 Operating profit (loss) and
extraordinary items after tax
attributable to members
(items 1.10 + 1.13) 23,167 24,047
1.17 Retained profits (accumulated losses)
at beginning of financial period 71,614 55,292
1.18 If change in accounting policy as set
out in clause 11 of AASB 1018 Profit
and Loss Accounts, adjustments as
required by that clause(include brief
(description)
1.19 Aggregate of amounts transferred
from reserves
1.20 Total available for appropriation 94,781 79,339
1.21 Dividends provided for or paid (4,318) (4,889)
1.22 Aggregate of amounts transferred
to reserves
1.23 Retained profits (accumulated losses)
Note: A$ amounts shown in Consolidated Profit and Loss Statement have
been converted from Papua New Guinea kina into A$ using the average
exchange rate for the relevant year. 1997 K1 = A$0.9213 (1996 k1 =
A$0.9578)
PROFIT RESTATED TO EXCLUDE Current Previous
AMORTISATION OF GOODWILL Period Corresponding
Period
AUD000 AUD000
1.24 Operating profit(loss) after tax
before outside equity interests
(items 1-8) and amortisation of
goodwill 23,167 24,047
1.25 Less (plus) outside equity interests
1.26 Operating profit(loss) after tax
(before amortisation of goodwill)
attributable to members 23,167 24,047
INTANGIBLE, ABNORMAL AND EXTRAORDINARY ITEMS
Consolidated - current period
Before Related Related Amount
tax tax outside (after
equity tax)
interests attributable
to members
2.1 Amortisation of
goodwill
2.2 Amortisation of
other intangibles
2.3 Total amortisation
of intangibles
2.4 Abnormal items 3,944 3,944
Foreign Exchange Gains
2.5 Total abnormal items 3944 3944
2.6 Extraordinary items
2.7 Total extraordinary
items
COMPARISON OF HALF YEAR PROFITS Current Previous
(Preliminary final statement only) year year
<~>
(loss) after tax attributable
to members reported for the 1st
half year (item 1.10 in the
half yearly report) 13,041 9,061
3.2 Consolidated operating profit
(loss) after tax attributable
to members for the 2nd half year 10,126 14,986
CONSOLIDATED BALANCE SHEET
(See note 5)
At end of As in last As in last
current annual half yearly
period report report
4.1 Cash 13,063 5,919 12,638
4.4 Inventories 8,671 4,265 3,990
4.5 Other (provide details
if material)
4.6 Total current assets 95,337 74,127 110,543
NON-CURRENT ASSETS
4.7 Receivables 523 18,730
4.8 Investments
4.9 Inventories
4.10 Exploration and
evaluation expenditure
capitalised 178,292 157,294 177,912
4.11 Development properties
(mining entities) 89,734 29,897 50,026
4.12 Other property, plant and
equipment (net) 1,985 1,038 1,224
4.13 Intangibles (net)
4.14 Other (provide details
if material) 3,648 2,291 1,867
4.15 Total non-current assets 274,182 209,250 231,029
4.16 Total assets 369,519 283,377 341,572
CURRENT LIABILITIES
4.17 Accounts payable 17,355 6,492 15,486
4.18 Borrowings 11,346
4.19 Provisions 9,370 7,115 7,913
4.20 Other (provide details
if material)
4.21 Total current liabilities 38,071 13,607 23,399
NON-CURRENT LIABILITIES
4.22 Accounts payable 6
4.23 Borrowings 65,266 29,683
if material)
4.26 Total non-current
liabilities 71,507 11,666 38,533
4.27 Total liabilities 109,578 25,273 61,932
EQUITY
4.29 Capital 40,391 43,116 44,448
4.30 Reserves 134,940 143,367 148,047
4.31 Retained profits
(accumulated losses) 84,610 71,621 87,145
4.32 Equity attributable to
members of the parent
<~>uity interests
in controlled entities
4.35 Preference capital and
related premium included
as part of 4.32
NOTE: A$ amounts shown in this Balance Sheet have converted from
Papua New Guina Kina into A$ using the exchange rate at balance date
in the relevant year. 1997 K1 = A$0.8617 (1996 K1 = A$0.9214).
EXPLORATION AND EVALUATION EXPENDITURE CAPITALISED
To be completed only by entities with mining interests if amounts are
material. Include all expenditure incurred regardless of whether
written off directly against profit.
Current Previous
period corresponding
period
AUD000 AUD000
5.1 Opening balance 147,103 149,027
5.2 Expenditure incurred
during current period 34,371 32,332
5.3 Expenditure amortised
during current period (3,182) (3,857)
5.3a Expenditure written off
during the current year 0 (1,859)
5.4 Acquisitions, disposals,
revaluation increments, etc.
5.4a Expenditure transferred to
State Nominee 0 (18,349)
5.5 Expenditure transferred to
Development Properties
5.6 Closing balance as shown in
the consolidated balance sheet
(item 4.10) 178,292 157,294
DEVELOPMENT PROPERTIES
(To be completed only by entities with mining interests if amounts
are material)
Current Previous
period corresponding
period
6.1 Opening balance 27,960 38,494
6.2 Expenditure incurred
during current period 72,635 4,235
6.3 Expenditure transferred from
exploration and evaluation
6.4 Expenditure written off
during current period (10,861) (12,832)
6.5 Acquisitions, disposals,
revaluation increments, etc.
6.6 Expenditure transferred to
mine properties
6.7 Closing balance as shown in
the consolidated balance sheet
(item 4.11) 89,734 29,897
NOTE: A$ amounts shown in the Statement of Exploration and
Development Expenditure have been converted from Papua New Guinea
kina into A$ using the exchange rate at balance date in the relevant
year. 1997 K1 = A$0.8617 (1996 K1 = $0.9214). This results in the
closing balances in A$s for 1996 not equating with the opening
balances for 1997.
CONSOLIDATED STATEMENT OF CASH FLOWS
(See note 6)
Current Previous
period corresponding
period
7.2 Payments to suppliers and
employees (22,316) (18,373)
7.3 Dividends received
7.4 Interest and other items
of similar nature received 4,544 2,535
7.5 Interest and other costs
of finance paid (2) (3)
7.6 Income taxes paid (14,700) (17,719)
7.7 Other (provide details if
material)
<~>
CASH FLOWS RELATED TO INVESTING ACTIVITIES
7.9 Payment for purchases of
property, plant and equipment (1,393) (384)
7.10 Proceeds from sale of
property, plant and equipment
7.11 Payment for purchases of
equity investments (10,284)
7.12 Proceeds from sale of
equity investments - 10,949
7.13 Loans to other entities
7.14 Loans repaid by other entities
7.15 Other Exploration and Development costs
incurred (114,284) (42,566)
7.16 Net investing cash flows (115,677) (42,285)
CASH FLOWS RELATED TO FINANCING ACTIVITIES
7.17 Proceeds from issues of
securities (shares,
options, etc.) 997 49,095
7.18 Proceeds from borrowings 66,977 16
7.19 Repayment of borrowings
7.20 Dividends paid (4,311) (4,482)
7.21 Other - Loan repaid by State Nominee 23,512
7.22 Net financing cash flows 87,175 44,629
NET INCREASE (DECREASE) IN CASH HELD 3,434 52,704
7.23 Cash at beginning of period
(see Reconciliation of cash) 61,328 11,287
7.24 Exchange rate adjustments
to item 7.23. 11,391 (2,663)
7.25 Cash at end of period
(see Reconciliation of cash) 76,153 61,328
NOTE: A$ amounts shown in the Cashflow Statement have been converted
from Papua New Guinea Kina into A$ using the average exchange rate
for the relevant year. 1997 K1 = A$0.9213 (1996 K1 = A$0.9578)
NON-CASH FINANCING AND INVESTING ACTIVITIES
Details of financing and investing transactions which have had a
material effect on consolidated assets and liabilities but did not
involve cash flows are as follows. If an amount is quantified, show
comparative amount.
There were no material non-cash financing or investing transactions
during the year.
RECONCILIATION OF CASH
Reconciliation of cash at the end of Current Previous
the period (as shown in the consolidated period corresponding
statement of cash flows) to the related period
8.1 Cash on hand and at bank 13,063 5,919
8.2 Deposits at call 63,090 55,409
8.3 Bank overdraft
8.4 Other (provide details)
8.4 Total cash at end of
period (item 7.25) 76,153 61,328
RATIOS Current Previous
period corresponding
period
PROFIT BEFORE ABNORMALS AND TAX/SALES
9.1 Consolidated operating profit (loss)
before abnormal items and tax (item
1.4) as a percentage of sales revenue
(item 1.1) 49.16 % 59.88 %
PROFIT AFTER TAX / EQUITY INTERESTS
9.2 Consolidated operating profit (loss)
after tax attributable to members
(item 1.10) as a percentage of equity
(similarly attributable) at the end of
the period (item 4.31) 8.34 % 8.96 %
EARNINGS PER SECURITY (EPS)
10.1 Calculation of basic, and fully diluted,
EPS in accordance with
"AASB 1027: Earnings per Share"
(a) Basic EPS 4.95 c 5.25 c
(b) Diluted EPS (if materially - c - c
different from (a))
NTA BACKING Current Previous
(see note 7) period corresponding
period
Not required.
11.1 Net tangible asset backing
per ordinary security c c
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