Half Yearly Report
Document date:
Wed 05 May 1999
Published:
Wed 05 May 1999 00:00:00
Document No:
148214
Document part:
B
Market Flag:
Y
Classification:
HOMEX - Melbourne
+++++++++++++++++++++++++
CONSOLIDATED PROFIT AND LOSS ACCOUNT
(Equity Accounted)
CURRENT PREVIOUS
PERIOD CORRESPONDING
PERIOD
AUDM AUDM
1.1 Sales (or equivalent operating) revenue 4,383 4,741
1.2 Share of associates "net profit(loss)
attributable to members"
(equal to item 16.7) (2) (4)
1.3 Other revenue (other operating income) 1,134 1,128
1.4 Operating profit (loss) before
abnormal items and tax 1,044 927
1.5 Abnormal items before tax
(detail in item 2.4) - -
1.6 Operating profit (loss) before tax
(items 1.4 + 1.5) 1,044 927
1.7 Less tax 324 298
1.8 Operating profit (loss) after tax
but before outside equity interests 720 629
1.9 Less outside equity interests (4) (4)
1.10 Operating profit (loss) after tax
attributable to members 716 625
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) 720 629
1.15 Operating profit (loss) and
extraordinary items after tax
attributable to outside equity
interests (items 1.9 + 1.12) (4) (4)
1.16 Operating profit (loss) and
extraordinary items after tax
attributable to members
(items 1.10 + 1.13) 716 625
1.17 Retained profits (accumulated losses)
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 - 247
1.20 Total available for appropriation 3,128 2,702
1.21 Dividends provided for or paid (401) (344)
1.22 Aggregate of amounts transferred
to reserves (25) -
1.23 Retained profits (accumulated losses)
at end of financial period 2,702 2,358
PROFIT RESTATED TO EXCLUDE Current Previous
AMORTISATION OF GOODWILL Period Corresponding
Period
AUDM AUDM
1.24 Operating profit(loss) after tax
before outside equity interests
(items 1.8) and amortisation of
goodwill 724 631
1.25 Less (plus) outside equity interests (4) (4)
1.26 Operating profit(loss) after tax
(before amortisation of goodwill)
attributable to members 720 627
INTANGIBLE, ABNORMAL AND EXTRAORDINARY ITEMS
Consolidated - current period
Before Related Related Amount
tax tax outside (after
equity tax)
interests attributable
to members
AUDM AUDM AUDM AUDM
2.1 Amortisation of
goodwill 5 (1) - 4
2.2 Amortisation of
other intangibles - - - -
2.3 Total amortisation
of intangibles 5 (1) 0 4
2.4 Abnormal items - - - -
2.5 Total abnormal items - - - -
2.6 Extraordinary items - - - -
2.7 Total extraordinary
items - - - -
COMPARISON OF HALF YEAR PROFITS Current Previous
(Preliminary final statement only) year year
AUDM AUDM
3.1 Consolidated operating profit
(loss) after tax attributable
to members reported for the 1st
half year (item 1.10 in the
half yearly report) N/A N/A
3.2 Consolidated operating profit
(loss) after tax attributable
to members for the 2nd half year N/A N/A
CONSOLIDATED BALANCE SHEET
(See note 5)
At end of As at As at
current Sep-98 Mar-98
period
AUDM AUDM AUDM
ASSETS
institutions 3,354 4,158 5,739
4.3 Trading securities 4,195 5,973 8,021
4.4 Investment securities 4,473 3,979 3,422
4.5 Net loans and advances 99,566 94,457 88,434
4.6 Customers' liability for
acceptances 16,565 15,648 16,022
4.7 Regulatory deposits 1,366 1,530 1,284
4.8 Shares in associates 30 11 4
4.11 Total assets 148,789 149,720 147,681
LIABILITIES
4.12 Due to other financial
institutions 8,851 10,758 8,732
4.13 Deposits and other
borrowings 97,269 94,599 95,426
4.14 Liability for acceptances 16,565 15,648 16,022
4.15 Income tax liability 975 914 976
4.16 Creditors and other
liabilities 9,552 14,009 13,218
4.17 Provisions 923 987 1,099
4.18 Bonds and notes 1,952 666 1,339
4.19 Loan capital 3,468 3,748 3,481
4.20 Total liabilities 139,555 141,329 140,293
4.21 Net assets 9,234 8,391 7,388
EQUITY
4.30 Paid-up capital 5,876 5,226 4,455
4.31 Reserves 632 697 527
4.32 Retained profits
(accumulated losses) 2,702 2,412 2,358
4.33 Share capital and reserves
attributable to members of
in controlled entities 24 56 48
4.35 Total equity 9,234 8,391 7,388
4.36 Preference capital and
related premium included
as part of 4.32 1,190 645 -
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
AUDM AUDM
5.1 Opening balance N/A N/A
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
(item 4.10) - -
DEVELOPMENT PROPERTIES
(To be completed only by entities with mining interests if amounts
are material)
Current Previous
period corresponding
period
AUDM AUDM
6.1 Opening balance N/A N/A
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
(item 4.11) - -
CONSOLIDATED STATEMENT OF CASH FLOWS
(See note 6)
Current Previous
period corresponding
period
AUDM AUDM
CASH FLOWS RELATED TO OPERATING ACTIVITIES
7.1 Interest received 4,311 4,584
7.2 Payments to suppliers and
employees - -
7.3 Dividends received 76 71
7.4 Other dividends received - -
7.6 Interest paid (2,607) (3,123)
7.7 Income taxes paid (306) (217)
7.8 Other:- Personnel expenses paid (933) (1,002)
- Premises expenses paid (143) (148)
- Other operating expenses paid (544) (566)
- Net decrease/(increase) in
trading securities 1,600 (706)
7.9 Net operating cash flows 2,536 (97)
CASH FLOWS RELATED TO INVESTING ACTIVITIES
7.11 Net decrease/(increase) in
i) Due from other financial institutions 677 608
ii) Regulatory deposits 124 (84)
iii) Net loans and advances (6,592) (5,111)
7.12 Investment securities
i) Purchases (4,760) (3,266)
ii) Proceeds from sale or maturity 4,264 3,085
7.13 Controlled entities & associates
i) Purchased (net of cash acquired) - -
ii) Transferred from controlled entities
(net of cash) (94) -
7.14 Premises and equipment
i) Purchases (49) (119)
ii) Proceeds from sale 8 26
7.15 Other (1,175) 289
7.16 Net investing cash flows (7,597) (4,572)
CASH FLOWS RELATED TO FINANCING ACTIVITIES
7.17 Net (decrease)/increase in:
i) Due to other financial institutions (1,221) (2,861)
ii) Deposits and other borrowings 4,243 5,569
iii) Creditors and other liabilities (313) 1,931
7.18 Bonds and notes
i) Issue proceeds 1,652 398
ii) Redemptions (357) (1,171)
7.19 Loan capital
i) Issue proceeds - -
ii) Redemptions (113) (165)
7.20 Decrease in outside equity interests (3) (4)
7.21 Dividends paid (336) (253)
7.22 Share capital issues 577 4
7.23 Net financing cash flows 4,129 3,448
NET INCREASE/(DECREASE) IN CASH HELD (932) (1,221)
7.24 Cash at beginning of period
(see Reconciliation of cash) 8,981 12,456
7.25 Exchange rate adjustments
to item 7.23. (742) 1,263
7.26 Cash at end of period
(see Reconciliation of cash) 7,307 12,498
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.
Current Previous
period corresponding
period
Share capital issues: AUDM AUDM
i. Dividend reinvestment plan 92 117
ii. Bonus option plan - 2
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
items in the accounts is as follows. AUDM AUDM
8.1 Liquid assets - less than 3 months 5,035 9,325
8.2 Due from other financial institutions -
less than 3 months 2,272 3,173
8.3 Bank overdraft - -
8.4 Other (provide details) - -
8.5 Total cash at end of
period (item 7.25) 7,307 12,498
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) 23.8 % 19.6 %
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 4.25) 15.6 % 17.1 %
EARNINGS PER SECURITY (EPS)
10.1 Calculation of basic, and fully diluted,
EPS in accordance with
"AASB 1027: Earnings per Share"
(a) Basic EPS
-before abnormal items 44.7 c 41.3 c
-after abnormal items 44.7 c 41.3 c
(b) Diluted EPS
-before abnormal items 44.6 c 41.1 c
-after abnormal items 44.6 c 41.1 c
(c) Weighted average number of
ordinary shares outstanding
during the period used in
the calculation of the
Basic EPS 1,547.4 1,514.2
NTA BACKING Current Previous
(see note 7) period corresponding
period
11.1 Net tangible asset backing
per ordinary security 509 c 481 c
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