Copy of 1999 Annual Results Presentation
Document date:
Wed 03 Nov 1999
Published:
Wed 03 Nov 1999 15:08:57
Document No:
154662
Document part:
A
Market Flag:
N
Classification:
HOMEX - Adelaide
+++++++++++++++++++++++++
CONSOLIDATED PROFIT AND LOSS ACCOUNT
(Equity Accounted)
CURRENT PREVIOUS
PERIOD CORRESPONDING
PERIOD
AUD000 AUD000
1.1 Sales (or equivalent operating) revenue 213,318 227,188
1.2 Share of associates "net profit(loss)
attributable to members"
(equal to item 16.7) (378) -
1.3 Other revenue 3,360 10,173
1.4 Operating profit (loss) before
abnormal items and tax 10,820 12,319
1.5 Abnormal items before tax
(detail in item 2.4) (6,515) -
1.6 Operating profit (loss) before tax
(items 1.4 + 1.5) 4,305 12,319
1.7 Less tax 687 1,869
1.8 Operating profit (loss) after tax
1.9 Less outside equity interests - -
1.10 Operating profit (loss) after tax
attributable to members 3,618 10,450
1.11 Extraordinary items after tax
(detail in item 2.6) - -
1.12 Less outside equity interests - -
1.13 Extraordinary items after tax
1.14 Total operating profit (loss) and
extraordinary items after tax
1.15 Operating profit (loss) and
extraordinary items after tax
attributable to outside equity
1.16 Operating profit (loss) and
extraordinary items after tax
attributable to members
1.17 Retained profits (accumulated losses)
at beginning of financial period 9,758 1,121
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 13,376 11,571
1.21 Dividends provided for or paid 4,540 2,319
1.22 Aggregate of amounts transferred
to reserves - -
1.23 Retained profits (accumulated losses)
at end of financial period 8,836 9,252
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
1.25 Less (plus) outside equity interests - -
1.26 Operating profit(loss) after tax
(before amortisation of goodwill)
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 319 - - 319
2.2 Amortisation of
other intangibles - - - -
2.3 Total amortisation
of intangibles 319 0 0 319
2.4 Abnormal items:
- Write down of bad
debt (2,515) (905) - (1,610)
- Write down of
inventory (4,000) - - (4,000)
2.5 Total abnormal items (6,515) (905) - (5,610)
2.6 Extraordinary items - - - -
2.7 Total extraordinary
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) - -
3.2 Consolidated operating profit
(loss) after tax attributable
to members for the 2nd half year - -
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 12,234 14,434 51,373
4.2 Receivables 35,649 33,433 30,622
4.3 Investments - - -
4.4 Inventories 40,562 41,648 32,096
4.5 Other (provide details
if material) 2,651 933 1,689
NON-CURRENT ASSETS
4.7 Receivables 6,061 7,041 2,106
4.8 Investments in associates 251 745 -
4.9 Other investments 10,822 6,542 1,552
4.10 Inventories 3,294 6,931 3,134
4.11 Exploration and
evaluation expenditure
capitalised - - -
4.12 Development properties
(mining entities) - - -
4.13 Other property, plant and
equipment (net) 246,818 241,360 228,324
4.14 Intangibles (net) 10,594 10,913 11,232
4.15 Other (provide details
if material) 4,688 4,602 5,419
4.16 Total non-current assets 282,528 278,134 251,767
4.17 Total assets 373,624 368,582 367,547
CURRENT LIABILITIES
4.18 Accounts payable 40,361 49,380 52,656
4.19 Borrowings 59,387 60,805 49,438
4.20 Provisions 11,818 11,410 10,199
4.21 Other (provide details
if material) - - 2,254
4.22 Total current liabilities 111,566 121,595 114,547
NON-CURRENT LIABILITIES
4.23 Accounts payable - - -
4.24 Borrowings 106,663 90,912 100,139
4.25 Provisions 14,528 11,822 9,637
4.26 Other (provide details
if material) - - -
4.27 Total non-current
liabilities 121,191 102,734 109,776
4.28 Total liabilities 232,757 224,329 224,323
4.29 Net assets 140,867 144,253 143,224
EQUITY
4.30 Capital 99,988 99,285 99,286
4.31 Reserves 32,043 35,210 34,686
4.32 Retained profits
(accumulated losses) 8,836 9,758 9,252
4.33 Equity attributable to
members of the parent
entity 140,867 144,253 143,224
4.34 Outside equity interests
in controlled entities - - -
4.35 Total equity 140,867 144,253 143,224
4.36 Preference capital and
related premium included
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
5.1 Opening balance - -
5.2 Expenditure incurred
during current period - -
5.3 Expenditure written off
during current period - -
5.4 Acquisitions, disposals,
revaluation increments, etc. - -
5.5 Expenditure transferred to
Development Properties - -
5.6 Closing balance as shown in
the consolidated balance sheet
DEVELOPMENT PROPERTIES
(To be completed only by entities with mining interests if amounts
are material)
Current Previous
period corresponding
period
6.1 Opening balance - -
6.2 Expenditure incurred
during current period - -
6.3 Expenditure transferred from
exploration and evaluation - -
6.4 Expenditure written off
during current period - -
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
CONSOLIDATED STATEMENT OF CASH FLOWS
(See note 6)
Current Previous
period corresponding
period
7.1 Receipts from customers 213,128 231,533
7.2 Payments to suppliers and
employees (185,560) (188,567)
7.3 Dividends received from associates - -
7.4 Other dividends received 2 -
7.5 Interest and other items
7.6 Interest and other costs
of finance paid (7,038) (6,930)
7.7 Income taxes paid - (71)
7.8 Other (provide details if
material) - -
7.9 Net operating cash flows 20,807 36,535
CASH FLOWS RELATED TO INVESTING ACTIVITIES
7.10 Payment for purchases of
property, plant and equipment (6,282) (22,574)
7.11 Proceeds from sale of
property, plant and equipment 3,129 7,522
7.12 Payment for purchases of
equity investments (4,757) (281)
7.13 Proceeds from sale of
equity investments 642 1,568
7.14 Loans to other entities (10) -
7.15 Loans repaid by other entities 681 245
7.16 Other (provide details if
material) - 1,277
7.17 Net investing cash flows (6,597) (12,243)
CASH FLOWS RELATED TO FINANCING ACTIVITIES
7.18 Proceeds from issues of
securities (shares,
options, etc.) 941 43,975
7.19 Proceeds from borrowings 20,000 -
7.20 Repayment of borrowings (32,059) (34,059)
7.21 Dividends paid (5,292) (2,280)
7.22 Other (provide details if
material) - -
7.23 Net financing cash flows (16,410) 7,636
NET INCREASE (DECREASE) IN CASH HELD (2,200) 31,928
7.24 Cash at beginning of period
(see Reconciliation of cash) 14,434 19,445
7.25 Exchange rate adjustments
to item 7.23. - -
7.26 Cash at end of period
(see Reconciliation of cash) 12,234 51,373
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.
Acquisition of plant & equipment by means of:
* Finance lease 26,164 27,653
* Hire Purchase - 12,723
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 12,234 14,316
8.2 Deposits at call - 37,057
8.3 Bank overdraft - -
8.4 Other (provide details) - -
8.4 Total cash at end of
period (item 7.25) 12,234 51,373
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) 5.1 % 5.4 %
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) 2.6 % 7.3 %
EARNINGS PER SECURITY (EPS)
10.1 Calculation of basic, and fully diluted,
EPS in accordance with
"AASB 1027: Earnings per Share"
(a) Basic EPS 0.9 c 6.8 c
(b) Diluted EPS (if materially 1.5 c 5.9 c
different from (a))
NTA BACKING Current Previous
(see note 7) period corresponding
period
11.1 Net tangible asset backing
per ordinary security 69.4 c 70.9 c
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