Bki Investment : Half Yearly Report and Accounts

Office Level 2, 160 Pitt Street Mall, Sydney NSW 2000 Telephone [phone] Fax [phone]

Web www.bkilimited.com.au ABN 23 106 719 868

Appendix 4D - Half Year Report 31 December 2016

Lodged with the ASX under Listing Rule 4.2A

Contents

Appendix 4D - Half Year Report	2-3
Interim Financial Report	4-21
Auditors Independent Review Report	22-23
Auditors Independence Declaration	24

The reporting period is the half year ended 31 December 2016 with the previous corresponding period being the half year ended 31 December 2015.

1

Appendix 4D - Half Year Report Results for Announcement to the Market

%	Dec 2016	Dec 2015
Change	$'000	$'000
Revenue Performance:
Dividends and distributions - Ordinary	Down	1.2%	to	21,429	from	21,684
Dividends and distributions- Special	Up	404.0%	to	3,861	from	766
Total income from ordinary activities	Up	8.7%	to	25,985	from	23,895
Profits:
Operating result after tax - before special investment revenue	Down	1.0%	to	21,170	from	21,380
Special Investment revenue	Up	404.0%	to	3,861	from	766
Net profit from ordinary activities after tax attributable to shareholders	Up	13.0%	to	25,031	from	22,146
Net profit attributable to shareholders	Up	13.0%	to	25,031	from	22,146
%	Dec 2016	Dec 2015
Change	Cents	Cents
Earnings per share:
Basic earnings per share before special investment revenue	Down	6.9%	to	3.52	from	3.78
Basic earnings per share after special investment revenue	Up	6.6%	to	4.17	from	3.91
Dividends per share:
Interim - Ordinary	Steady	at	3.60	from	3.60

Appendix 4D - Half Year Report Results for Announcement to the Market (continued) Explanation of Operating Results

The reported operating result for the half year ended 31 December 2016 excluding special investment revenue was $21.17 million, a decrease of 1.0% over the previous corresponding period.

The net consolidated profit after tax for the half year including special investment revenue was $25.03 million, an increase of 13.0% over the previous corresponding period.

NTA Backing

31/12/2016	31/12/2015
Net tangible asset backing per ordinary share before tax	161.5 cents	161.2 cents
Net tangible asset backing per ordinary share after tax	152.0 cents	151.2 cents

Additional Dividend Information

An interim dividend of 3.60 cents per share fully franked at the tax rate of 30% will be paid on 27 February 2017. The ex-dividend date is 10 February 2017, and the record date for determining entitlements to the dividend is 13 February 2017.

The Company has a Dividend Reinvestment Plan in operation offering shareholders the opportunity to receive additional shares in the Company instead of receiving cash dividends. The Dividend Reinvestment Plan will be offered at a nil discount. The last date for the receipt of an election notice to participate in the Dividend Reinvestment Plan is 14 February 2017.

Shareholders can update their election notices electronically by following the link on the Share Registry page of the BKI website. (http://www.bkilimited.com.au)

ABN 23 106 719 868

INTERIM FINANCIAL REPORT

FOR THE HALF YEAR ENDED 31 DECEMBER 2016