For Six Months Ended 31 December 2016
HALF YEAR REPORT For the Six Months Ended 31 December 201657 Courtenay Place
Wellington 20 February 2017
Dear Shareholder
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For and on behalf of the Board J P Gibbons CHAIRMANand Subsidiary Companies
Consolidated Statement of PROFIT ORLOSSFor the six months ended 31 December 2016
Consolidated Statement of PROFIT ORLOSSFor the six months ended 31 December 2016
Notes 6 Moonntthhss ttoo
31 Dec 2016
$$''000000
Unaudited
6 Months to
31 Dec 2015
$$''000000
UUnnaauuddiitteedd
12 Monntthhss to
30 Jun 2016
$$''000000
Audited
Revenue Sale of - products | 403,912 | 406,089 | 801,081 | |
- services | 33,549 | 32,695 | 64,449 | |
Other income - interest | 150 | 141 | 180 | |
- other | 582 | 64 | 1,527 | |
Total revenue | 443388,,119933 | 438,989 | 867,237 | |
Less expenses | ||||
Cost of products sold | 368,442 | 370,063 | 727,605 | |
Remuneration of staff | 36,054 | 34,433 | 70,082 | |
Depreciation & amortisation | 1,915 | 2,091 | 4,182 | |
Property occupation costs | 3,407 | 3,499 | 7,074 | |
Marketing, promotion & training costs | 33,,336611 | 3,646 | 6,292 | |
Other operating costs | 8,017 | 9,096 | 19,003 | |
Interest cost | 1,753 | 2,317 | 4,260 | |
Total expenses | 422,949 | 425,145 | 838,498 | |
Trading profit before tax | 15,244 | 13,844 | 28,739 | |
Less income tax expense: Current | 44,,662244 | 3,849 | 8,358 | |
Deferred | (162) | 16 | 68 | |
Total tax | 10 | 4,462 | 3,865 | 8,426 |
Less: non-controlling interest | 512 | 550 | 1,106 | |
Trading profit after tax | 10,270 | 9,429 | 19,207 | |
Fair value revaluation of property | - | - | 662 | |
Deferred tax on property depreciation | 68 | 71 | 141 | |
Realised gain on sale of property | 9 | 1,072 | 1,072 | |
Fair value revaluation of investments Impairment of intangible assets | - (315) | - - | 397 - | |
Profit after tax | 10,032 | 10,572 | 21,479 | |
Profit for the period attributable to: Shareholders | 10,032 | 10,572 | 21,479 | |
Non-controlling interest | 512 | 550 | 1,106 | |
PROFIT FOR THE PERIOD | 10,544 | 11,122 | 22,585 |
STATISTICS PER SHARE
STATISTICS PER SHARE
Basic & diluted earnings per share
- Profit attributable to Shareholders | 30.7 cents | 32.3 cents | 65.7 cents |
- Trading profit after tax | 31.4 cents | 28.8 cents | 58.7 cents |
Dividend per share 13.0 cents13..00 cceents
4400..00 cceents
Dividends for the ppeerriioodd (($$''000000)) 4,2504,250 13,078
Net tangible assets per share (pre dividend) $5.03$4.61 $4.96
The statement of accounting policies and the accompanying notes form part of the financial statements
and Subsidiary Companies
Consolidated statement ofCOMPREHENSIVEINCOME
For the six months ended 31 December 2016
6 Months to
31 Dec 2016
$'000
Unaudited
6 Months to
31 Dec 2015
$'000
Unaudited
12 Months to
30 Jun 2016
$'000
Audited
Profit after tax for the period 10,54411,122 22,585 Other comprehensive income
Items that will not be reclassified subsequently to profit or loss: Property revaluation reserve
Fair value movement -- 7,318
Deferred tax movement 370(135) (1,457) Items that may be classified subsequently to profit or loss:
Foreign exchange reserve
Movement in effective cashflow hedge | 239 | (2,578) | (4,274) | |
Deferred tax movement | (67) | 722 | 1,196 | |
Other comprehensive income for the period | 542 | (1,991) | 2,783 | |
Total comprehensive income | 11,086 | 9,131 | 25,368 | |
Attributable to: | Shareholders | 10,548 | 8,860 | 24,724 |
Non-controlling interests | 538 | 271 | 644 | |
11,086 | 9,131 | 25,368 |
Consolidated statement ofCHANGES INEQUITY
For the six months ended 31 December 2016
6 Months to
31 Dec 2016
$'000
Unaudited
6 Months to
31 Dec 2015
$'000
Unaudited
12 Months to
30 Jun 2016
$'000
Audited
Total equity at beginning of period 165,805152,576 152,576
Profit for the period 10,54411,122 22,585
Other comprehensive income 542(1,991) 2,783
Total comprehensive income 11,0869,131 25,368
Dividends paid to shareholders (8,827)(6,539) (10,789)
Dividend paid to non-controlling interest (450)(600) (1,350)
Total equity at end of period 167,614154,568 165,805
Consolidated statement ofCASHFLOWS
For the six months ended 31 December 2016
6 Months to
31 Dec 2016
$'000
Unaudited
6 Months to
31 Dec 2015
$'000
Unaudited
12 Months to
30 Jun 2016
$'000
Audited
Operating activities - inflows | 439,349 | 437,099 | 871,128 |
- outflows | (426,917) | (430,572) | (832,886) |
Net cash flow from operating activities | 12,432 | 6,527 | 38,242 |
Investing activities - inflows | 3,514 | 14,527 | 16,143 |
- outflows | (7,859) | (3,448) | (7,426) |
Net cash flow from investing activities | (4,345) | 11,079 | 8,717 |
Financing activities - inflows | 10,400 | - | - |
- outflows | (24,412) | (18,788) | (37,338) |
Net cash flow from financing activities | (14,012) | (18,788) | (37,338) |
Net increase/(decrease) in cash held | (5,925) | (1,182) | 9,621 |
Cash balance/(overdraft) at beginning of period | 15,402 | 5,781 | 5,781 |
Cash balance/(overdraft) at end of period | 9,477 | 4,599 | 15,402 |
The statement of accounting policies and the accompanying notes form part of the financial statements
The Colonial Motor Company published this content on 16 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 February 2017 09:02:11 UTC.
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