This represents the first Interim Report since the change of balance date to 31 March.
onlyDuring the six month period to 30 September 2021, New Zealand has been subject to Alert Level 3 restrictions or higher for a total of 21 days (12% of the reporting period). In addition to ational lockdowns the Auckland region has been subject to Alert Level 3 restrictions or higher for a further 23 days (13% of the reporting period) as depicted below.
2020
26 March 2020 -
27 April 2020
use
LE VEL 4 - NZ
1
AP R IL 2020
28 April 2020 -
13 May 2020
personal
LE VEL 3 - NZ
2021
1
AP R IL 2021
02
12 August 2020 -
30 August 2020
LE VEL 3 - AKL
30 S EP TEM B ER 2020
31 August 2020 -
23 September 2020
LE VEL 2 .5 - AKL
18 August 2021 -
1 September 2021 -
22 September 2021 -
31 August 2021
21 September 2021
30 September 2021
LE VEL 4 - NZ
LE VEL 4 - AKL
LE VEL 3 - AKL
30 S EP TEM B ER 2021
1 September 2021 -
7 September 2021 -
7 September 2021
30 September 2021
LEVEL 3 - NZ EXCL AKL
LEVEL 2 - NZ EXCL AKL
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CHANGE OF BALANCE DATE
The proforma comparative underlying earnings position is set out below.
Financial Metrics
The following six month trading position represents the trading position of the company. The periods represent:
- six months to 30 September 2021; and
- six months to 30 September 2020 (comparative period)
This forms the basis of the trading highlights pages in the Interim Report.
only
Underlying earnings six month comparative position
Unaudited
Unaudited
6 months to
6 months to
$NZ000's
September 2021
September 2020
Care
10,991
9,135
Village operating
11,399
7,646
Resales cap gain
10,639
6,201
Development margin
15,252
16,782
Corporate1
(11,814)
(9,253)
use
Group U/L EBITDA
36,467
30,511
Interest
(3,900)
(3,622)
Depreciation
(5,059)
(4,351)
Underlying NPAT
27,508
22,538
C re Suite depreciation
(4,807)
(3,408)
Adjusted Underlying NPAT
22,701
19,130
Occupied beds per day
2,336
2,273
Effective bed capacity per day
2,526
2,495
Effective occupancy (%)
92.5%
91.1%
Existing ORAs sold
45
24
New ORAs sold
57
57
Existing Care Suites sold
84
62
New Care Suites sold
44
65
Total ORAs sold
230
208
1 On 21 April 2020 the Group claimed, and received payment of, a COVID-19 wage subsidy
totalling $1.8m. This amount has subsequently been repaid in full on 18 May 2021 and as a result
has been excluded from the table above. This proforma adjustment increases underlying EBITDA
and underlying NPAT in relation to the six month period to 30 September 2021 by $1.8m and
reduces the underlying EBITDA and underlying NPAT position in relation to the six month period
to 30 September 2020 by $1.8m.
personal
03
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Oceania Healthcare Ltd. published this content on 28 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2021 20:49:02 UTC.
Oceania Healthcare Limited is a New Zealand-based provider of premium healthcare services. The Company operates through three segments: care operations, village operations and others. The care segment is engaged in providing products, such as traditional care beds and care suites. The segment is involved in the provision of accommodation, care, and related services to the Companyâs aged care residents; and services, such as meals and care packages to independent living residents. The village operations segment is engaged in providing products, such as independent living and rental properties. The segment is involved in the provision of accommodation and related services to independent residents in the Companyâs retirement villages. The other segment is involved in the provision of support services to the Company, which includes administration, marketing, and operations. In addition, this segment includes the provision of training by the Wesley Institute of Learning.