Preliminary Final Report

Document date:  Wed 04 Nov 1998
Published:  Wed 04 Nov 1998 00:00:00
Document No:  142712
Document part:  M
Market Flag:  Y
Classification:  

HOMEX - Melbourne                                                     

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STATEMENT OF CHANGES IN SHAREHOLDERS'EQUITY

                                      Full         Full       Movt
                                      year         year     Sep 98
                                    Sep 98       Sep 97   v.Sep 97   
                                        $M           $M          %
Share capital
Balance at start of period           4,335        4,115      4,455
Ordinary shares                 
Dividend reinvestment plan             218          180        21%
Group employee share acquisition 
scheme                                   5           27       -81%  
Group share option scheme               22           11       100%
Group share purchase scheme              1            1         0%
Directors' share and option purchase 
scheme                                   #            1        n/a
Preference shares                      645            -        n/a
Total share capital                  5,226        4,335        21%

Foreign currency translation reserve
Balance at start of period             (79)        (183)      -57%    
Currency translation adjustments,
net of hedges after tax                142          104        37%
                                        63          (79)       n/a
General reserve
Balance at start of period             708          626        13%    
Transfers (to) from retained 
profits                               (223)          82        n/a    
                                       485          708       -31%

Capital reserves                       149          149         0%
Total reserves                         697          778        -10%

Retained profits

Balance at start of period           1,830        1,583         16%
Operating profit after income tax    
attributable to members of the 
Company                              1,106        1,024          8%  
     
Total available for appropriation    2,936        2,607         13% 
  
Transfers from(to) reserves            223          (82)        n/a 
         
Dividends provided for or paid        (747)        (695)         7%
             
Retained profits at end of period    2,412        1,830          32%  
     



                                      Half        Half
                                      year         year
                                    Sep 98       Sep 97     
                                        $M           $M          

Share capital

Balance at start of period           4,455         4,335              
Ordinary shares
Dividend reinvestment plan             102           116  
Group employee share acquisition 
scheme                                   5             -  
Group share option scheme               18             4
Group share purchase scheme              1             #
Directors' share and option purchase     
scheme                                   #             #        
Preference shares                      645             -
Total share capital                  5,226         4,455 

Foreign currency translation reserve

Balance at start of period             (83)          (79)
Currency translation adjustments,
net of hedges after tax                146            (4)
                                        63           (83)

General reserve

Balance at start of period             461           708   
Transfers (to) from retained 
profits                                 24          (247) 

Capital reserves                       149           149
Total reserves                         697           527

Retained profits

attributable to members of the 
Company                                481           625
Total available for appropriation    2,839         2,455 
Transfers from(to) reserves            (24)          247
         
Dividends provided for or paid        (403)         (344)   
Retained profits at end of period     2,412        2,358
     


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