Preliminary Final Report & On-Market Buy-Back
Document date:
Wed 03 Nov 1999
Published:
Wed 03 Nov 1999 00:00:00
Document No:
154638
Document part:
Q
Market Flag:
Y
Classification:
HOMEX - Melbourne
+++++++++++++++++++++++++
DETAILS OF SPECIFIC RECEIPTS/OUTLAYS, REVENUES/EXPENSES
(Equity Accounted)
Current Previous
period corresponding
period
AUDM AUDM
12.1 Interest revenue included
in determining item 1.4 8,674 9,499
12.2 Interest revenue included
in item 12.1 but not yet
received (if material) 965 1,122
12.3 Interest expense included
in item 1.4 (include all
forms of interest, lease
finance charges, etc.) 5,029 5,952
12.4 Interest costs excluded from
item 12.3 and capitalised in
asset values (if material) - -
12.5 Outlays (except those arising
from the acquisition of an
existing business) capitalised
in intangibles (if material) - -
12.6 Depreciation and amortisation (excluding
amortisation of intangibles) 185 188
CONTROL GAINED OVER ENTITIES HAVING MATERIAL EFFECT
(See note 8)
13.1 Name of entity (or group of entities) N/A
13.2 Consolidated operating profit (loss)
and extraordinary items after tax of
the entity (or group of entities) since
the date in the current period on which
control was acquired $ -
13.3 Date from which such profit has
been calculated -
13.4 Operating profit (loss) and extraordinary
items after tax of the entity (or group of
entities) for the whole of the previous
corresponding period $ -
LOSS OF CONTROL OF ENTITIES HAVING MATERIAL EFFECT
(See note 8)
14.1 Name of entity (or group of entities) N/A
14.2 Consolidated operating profit (loss)
and extraordinary items after tax of
the entity (or group of entities) for
the current period to the date of loss
of control $ -
14.3 Date to which the profit (loss) in
item 14.2 has been calculated -
14.4 Consolidated operating profit (loss)
and extraordinary items after tax of
the entity (or group of entities) while
controlled during the whole of the
previous corresponding period $ -
14.5 Contribution to consolidated
operating profit (loss) and
extraordinary items from sale of
interest leading to loss of control $ -
DIVIDENDS (in the case of a trust, distributions)
15.1 Date the dividend (distribution) is payable 20/12/1999
15.2 Record date to determine entitlements to
the dividend (distribution) (ie, on the basis
of registrable transfers received up to 5.00pm
if paper based, or by "End of Day" if a proper
SCH transfer) 19/11/1999
15.3 The final dividend is declared 22/11/1999
AMOUNT PER SECURITY
Amount Franked Amount per
per amount security
security per of foreign
security source
at dividend
36% tax
15.4 Final dividend:
Current year 30c 24.0c 6.0c
15.5 Previous year 28c 16.8c 11.2c
15.6 Interim dividend:
Current year 26c 19.5c 6.5c
15.7 Previous year 24c 14.4c -
TOTAL ANNUAL DIVIDEND (DISTRIBUTION) PER SECURITY
(Preliminary final statement only)
Current Previous
year year
15.8 Ordinary securities 56 c 52 c
15.9 Preference securities - c - c
TOTAL DIVIDEND (DISTRIBUTION)
Current Previous
period corresponding
AUDM period
AUDM
15.10 Ordinary securities 814 747
15.11 Preference securities 72 -
15.12 Total 886 747
5.13 The dividend or distribution plans shown below are in operation.
Dividend reinvestment plan
Bonus option plan
15.14 The last date(s) for receipt of election notices
for the dividend or distribution plans 19/11/1999
15.15 Any other disclosures in relation to dividends (distributions)
None
DETAILS OF AGGREGATE SHARE OF PROFITS OF ASSOCIATES
Current Previous
Entity's share of associate's period corresponding
AUDM period
AUDM
16.1 Operating profit(loss) before
income tax (2) (4)
16.2 Income tax expense - -
16.3 Operating profit(loss) after
income tax (2) (4)
16.4 Extraordinary items net of tax - -
16.5 Net profit(loss) (2) (4)
16.6 Outside equity interests - -
16.7 Net profit(loss) attributable
to members (2) (4)
MATERIAL INTERESTS IN ENTITIES WHICH ARE NOT CONTROLLED ENTITIES
The economic entity has an interest (that is material to it) in the
following entities.
Name of entity Percentage of ownership Contribution to operating
interest held at end profit (loss) and
of period or date of extraordinary items
disposal after tax
17.1 Equity accounted Current Previous Current Previous
associated period corresponding period corresponding
entities period AUDM period
AUDM
Sime Merchant Bankers - 26.5% (2) (4)
Berhad
ANZ Meespeirson 50.0% 50.0% # #
Clearing Services Ltd
Grindlays Bahrain 40.0% - # -
Bank BSC
17.2 Total loss (2) (4)
17.3 Other material
interests
- - - - -
17.4 Total (2) (4)
ISSUED AND QUOTED SECURITIES AT END OF CURRENT PERIOD
Description includes rate of interest and any redemption or
conversion rights together with prices and dates.
Category of Number Number Par value Paid-up
securities issued quoted (cents) value
(cents)
18.1 Preference
securities
(description) 124,032,000 124,032,000 US625 US625
18.2 Issued during
current period 60,016,000 60,016,000 US625 US625
18.3 Ordinary
securities
18.4 Issued during
current period
18.5 Convertible debt
securities
(description and
conversion factor) N/A N/A N/A N/A
18.6 Issued during
current period N/A N/A N/A N/A
18.7 Options (description Exercise Expiry
and conversion factor) price date
(cents)
On Issue 249,357 - 8.76 30/01/2002
35,204 - 8.76 13/02/2002
100,000 - 8.76 23/03/2002
800,000 - 8.76 01/06/2002
173,592 - 11.45 22/01/2003
500,000 - 12.12 01/10/2002
500,000 - 11.40 01/10/2002
100,000 - 10.65 21/01/2003
100,000 - 11.40 21/01/2003
10,480 - 11.45 17/02/2003
1,450,000 - 9.51 23/02/2003
175,000 - 10.64 21/06/2003
50,000 - 10.76 30/07/2003
200,000 - 8.93 01/10/2003
1,125,000 - 8.97 27/10/2003
755,000 - 10.34 10/12/2003
10,000 - 10.41 27/01/2004
150,000 - 10.44 23/02/2004
175,000 - 11.44 24/03/2004
382,500 - 11.20 01/06/2004
2,795,000 - 11.20 01/06/2004
7,500 - 11.26 06/06/2004
25,000 - 11.29 04/07/2004
150,000 - 11.30 11/07/2004
18.8 Issued during
current period 200,000 - 8.93 01/10/2003
1,125,000 - 8.97 27/10/2003
755,000 - 10.34 10/12/2003
10,000 - 10.41 27/01/2004
150,000 - 10.44 23/02/2004
175,000 - 11.44 24/03/2004
385,000 - 11.20 01/06/2004
2,795,000 - 11.20 01/06/2004
12,500 - 11.26 06/06/2004
25,000 - 11.29 04/07/2004
150,000 - 11.30 11/07/2004
18.9 Exercised during
current period 1,570,000 - 5.34 30/01/1999
31,104 - 8.76 30/01/2002
1,134 - 8.76 13/02/2002
22,128 - 11.45 22/01/2003
18.10 Expired during
current period 184 - - 30/01/2002
2,536 - - 22/01/2003
100,000 - - 21/06/2003
2,500 - - 01/06/2004
5,000 - - 06/06/2004
18.11 Debentures
(totals only) N/A N/A
18.12 Unsecured notes
(totals only) N/A N/A
COMMENTS BY DIRECTORS
Comments on the following matters are required by ASX or, in relation
to the half yearly statement, by AASB 1029: Half-Year Accounts and
Consolidated Accounts. The comments do not take the place of the
directors' report and statement (as required by the Corporations Law)
and may be incorporated into the directors' report and statement. For
both half yearly and preliminary final reports, if there are no
comments in a section, state NIL. If there is insufficient space to
comment, attach notes to this report.
BASIS OF ACCOUNTS PREPARATION
If this report is a half yearly report, it is a general purpose
financial report prepared in accordance with the listing rules and
AASB 1029: Half-Year Accounts and Consolidated Accounts. It should be
read in conjunction with the last annual report and any announcements
to the market made by the entity during the period. [Delete if
inapplicable.]
Material factors affecting the revenues and expenses of the economic
entity for the current period
Refer accompanying announcement
A description of each event since the end of the current period which
has had a material effect and is not related to matters already
reported, with financial effect quantified (if possible)
On 03/11/1999 the Group announced its intention to undertake an on
market ordinary share buyback of up to $500 million. Other
than this, there have been no significant events since 30/09/1999
to the date of this report.
Franking credits available (amount): $
Prospects for paying fully or partly franked dividends for at least
the next year
Franking has been increased to 80% in the second half 1999, from
75% in the first half in 1999. Franking last year was 60%. ANZ
expects to increase the level of franking again in the year
ahead.
Changes in accounting policies since the last annual report are
disclosed as follows.
This report has been based on financial data which has been prepared
in compliance with the accounting provisions of the Banking Act,
the Corporations Law, applicable Australian Accounting Standards and
Urgent Issues Group Consensus Views. Where necessary, amounts shown
for previous periods have been reclassified to facilitate comparison.
The accounting policies have been consistently applied by entities
in the Group and are consistent with those of the previous financial
year expect for the changes disclosed below.
CHANGES IN ACCOUNTING POLICY
SOFTWARE DEVELOPMENT COSTS
Effective 01/10/1998, costs incurred in developing, acquiring and
enhancing application software are capitalised and amortised over
the estimated useful life which generally ranges from 3 to 5 years.
The Group previously expensed these costs. The change results from
adoption of the US Statement of Position 98-1 "Accounting for the
Costs of Computer Software Developed or Obtained for Internal Use."
Operating profit after tax for the year ended 30/09/1999 increased
by $39 million as a result of the change in accounting policy.
ADDITIONAL DISCLOSURE FOR TRUSTS
19.1 Number of units held by the management
company or a related party of it N/A
19.2 A statement of the fees and commissions
payable to the management company. N/A
Identify:
initial service charges N/A
management fees N/A
other fees N/A
ANNUAL MEETING
(Preliminary final statement only)
The annual meeting will be held as follows:
Place Sydney Convention Centre, Darling
Harbour
Date 20/12/1999
Time 10.00 am
Approximate date the annual
report will be available 19/11/1999
COMPLIANCE STATEMENT
1 This statement has been prepared under accounting policies which
comply with accounting standards as defined in the Corporations Law
or other standards acceptable to ASX (see note 13).
Identify other standards used -
2 This statement, and the financial statements under the Corporations
Law (if separate), use the same accounting policies.
3 This statement does give a true and fair view of the
matters disclosed (see note 2).
4 This statement is based on financial statements to which one of the
following applies. (Tick one)
The financial The financial
statements have statements have
been audited. been subject to
review.
x The financial The financial
statements are in statements have not
the process of yet been audited or
being audited or reviewed.
subject to review.
5 The entity has a formally constituted audit committee.
J McFarlane
CHIEF EXECUTIVE OFFICER
03/11/1999
A full copy of this announcement, including the Financial Information
is available for purchase from ASX Customer Service on 1 300 300 279.
1
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