2021
Half year profit announcement
Incorporating Appendix 4D
For the six months ended 30 June 2021
Iress Limited Half Year Report 2021 | 02 |
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Contents
ASX Appendix 4D - Half year results announcement | ||
to the market | 04 | |
Directors' Report | 05 | |
Auditor's Independence Declaration | 15 | |
Consolidated Statement of Profit or Loss and | ||
Other Comprehensive Income | 16 | |
Consolidated Statement of Financial Position | 17 | |
Consolidated Statement of Changes in Equity | 18 | |
Consolidated Statement of Cash Flows | 19 | |
Notes to the Consolidated Financial Statements | 20 | |
1. | Basis of preparation | 20 |
2. | Segment information | 22 |
3. Change in accounting policy | 24 | |
4. | Profit before income tax expense | 25 |
5. | Goodwill | 26 |
6. | Dividends | 27 |
7. | Events subsequent to the Statement | |
of Financial Position date | 27 | |
Directors' Declaration | 28 | |
Independent Auditor's Review Report | 29 |
Iress Limited Half Year Report 2021 | 03 |
Financial highlights
Sustainable growth and returns for shareholders
Group revenue growth | Segment profit |
10%
Segment profit growth
7%
1H20
1H21
$77.2m
$71.9m $77.2m
Reported earnings per share | Interim dividend per share |
21.4cps | 16.0c |
1H20
1H21
15.1cps
21.4cps
2020
2021
16.0c
16.0c
All figures are in constant currency unless stated and are comparisons with the previous corresponding period.
Iress Limited Half Year Report 2021 | 04 |
ASX Appendix 4D - Half year results announcement to the market
Name of entity | ABN reference |
Iress Limited | 47 060 313 359 |
1. REPORTING PERIODS
Financial half year ended | Financial half year ended |
('current period') | ('previous corresponding period') |
30 June 2021 | 30 June 2020 |
2. RESULTS FOR ANNOUNCEMENT TO THE MARKET
Previous | ||||
Current | corresponding | Percentage | Amount | |
period | period | change | increase | |
Key information | $'000 | $'000 | increase | $'000 |
Revenue from ordinary activities | 290,208 | 270,689 | 7.2% | 19,519 |
Profit before income tax expense(¹) | 50,415 | 35,200 | 43.2% | 15,215 |
Net profit attributable to members of parent company(¹) | 40,919 | 26,395 | 55.0% | 14,524 |
3. DIVIDENDS
Franked | ||||
Amount per | amount per | |||
security | security at | |||
Dividend | Period | Payment date | Cents | 30% tax |
Interim dividend* | 30 June 2021 | 24 September 2021 | 16.0 | 80% |
Final dividend | 31 December 2020 | 19 March 2021 | 30.0 | 40% |
Interim dividend | 30 June 2020 | 25 September 2020 | 16.0 | 35% |
- The record date for the interim dividend is 2 September 2021.
4. NTA BACKING
Previous | |||
Current | 31 December | corresponding | |
period | 2020 | period | |
Net tangible asset backing per ordinary share | Cents | Cents | Cents |
Net tangible asset backing per ordinary share | (88.02) | (75.41) | (34.54) |
NTA backing for the Group is negative reflecting the nature of the majority of the company's assets relating to recognised intangible assets and unrecognised human capital responsible for creating and maintaining Iress. Net tangible assets for the Group include right-of-use assets and lease liabilities arising from property and other leases.
This Half Year Report should be read in conjunction with the Annual Report of Iress Limited as at 31 December 2020 together with any public announcements made by Iress Limited and its controlled entities during the half year ended 30 June 2021 in accordance with the continuous disclosure obligations arising under the Corporations Act 2001 (Cth).
- Previous corresponding period restatement due to changes in accounting policy following recent IFRIC agenda decisions. Refer to Note 3 of the Consolidated Financial Statements.
Iress Limited Half Year Report 2021 | 05 |
Directors' Report
The Directors present their report together with the Consolidated Financial Statements of Iress Limited ("Group"), comprising of the company and its controlled entities, for the half year ended 30 June 2021.
Directors
The Directors of Iress Limited during the half year ended 30 June 2021 and up to the date of this report are set out below:
Name | Tenure |
A D'Aloisio(²) | Chair since August 2014, Independent Non-Executive Director since June 2012 and retired as Director and Chair at the AGM |
in May 2021 | |
R Sharp(¹) | Chair since May 2021 and Independent Non-Executive Director since February 2021 |
A Walsh | Managing Director and Chief Executive Officer since October 2009 |
N Beattie | Independent Non-Executive Director since February 2015 |
J Cameron | Independent Non-Executive Director since March 2010 |
M Dwyer | Independent Non-Executive Director since February 2020 |
J Fahey | Independent Non-Executive Director since October 2017 and Chair of the People & Performance Committee since |
February 2020 | |
J Hayes(²) | Independent Non-Executive Director since June 2011 and retired as Director at the AGM in May 2021 |
G Tomlinson(²) | Independent Non-Executive Director since February 2015 and retired as Director at the AGM in May 2021 |
T Vonhoff | Independent Non-Executive Director since February 2020 and Chair of the Audit & Risk Committee since May 2021 |
- Appointed as Independent Non-Executive Director on 18 February 2021 and Chair on 6 May 2021.
- Retired on 6 May 2021.
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IRESS Limited published this content on 18 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2021 23:23:05 UTC.