It is recommended that this Half-Year Report is read in conjunction with the Annual Report for Webster Limited for the Financial Year ended 30 June 2015 together with any public announcements made by Webster Limited and its controlled entities during the half-year ended 31 December 2015 in accordance with the continuous disclosure obligations arising under the Australian Securities Exchange Listing Rules.
Contents
Summary Information 3-4
Directors' Report 5-7
Auditor's Independence Declaration 8
Independent Auditor's Review Report 9-10
Directors' Declaration 11
Condensed Consolidated Statement of Profit and Loss and
Other Comprehensive Income 12
Condensed Consolidated Statement of Financial Position 13
Condensed Consolidated Statement of Changes in Equity 14
Condensed Consolidated Statement of Cash Flows 15
Condensed Consolidated Notes to the Financial Statements 16-21
Appendix 4D Half Year ReportWEBSTER LIMITED ACN 009 476 000
Reporting Period
Half-year ended 31 December 2015 ("current period").
Previous corresponding period, half-year ended 31 December 2014
Results for Announcement to the Market
Current Period
($'000)
Sales Revenue from Ordinary Activities
Up
330%
to
56,823
Loss from Ordinary Activities After Tax Attributable to
Members
Up
1919%
to
(96,847)
Net Loss After Tax Attributable to Members
Up
1919%
to
(96,847)
Brief Explanation of Figures Reported Above
The half-year ended 31 December 2015 is the first full period of operating the agriculture operations of Bengerang Limitied and Tandou Limitied. The Kooba Aggregation was purchased at the end of the corresponding period last year. As a result of these acqusitions sales revenue for the half year period increased considerably.
The key item that has increased the loss from ordinary activities is an impairment of goodwill charge totalling $96.4 million.
Dividends
Amount per Security (cents) | Franked Amount per Security (cents) | |||
Ordinary Shares | Final | (2014/15) | 1.0 | 1.0 |
Cumulative Preference Shares | Final | (2014/15) | 4.5 | 4.5 |
Interim* | (2015/16) | 4.5 | 0.0 |
*The financial effect of the interim dividends will be recognised in the next reporting period as the dividends were declared subsequent to 31 December 2015.
Dividends paid by Webster Limited during the current reporting period | Date | Amount |
($'000) | ||
Cumulative Preference Dividends | 30-Sep-15 | 18 |
Ordinary Dividends | 30-Oct-15 | 3,507 |
Net Tangible Assets per Security | ||
Current Period | Previous Period | |
(cents) | (cents) | |
Net Tangible Assets per Security | 35.28 | 31.99 |
Net Tangible Assets (including water rights) per Security | 106.35 | 74.57 |
Gain or Loss of Control Over Entities
Loss of control over Date of loss of control
Contribution to profit from ordinary activities in the current reporting period and whole of previous corresponding period
n/a n/a
n/a
During the current reporting period the following entities were dissolved or liquidated. The liquidation or dissolution of these entities will have no impact on the future financial performance of the company.
Liquidated Dissolved
n/a n/a
Details of Associates and Joint Venture Entities
Aggregate share of profits/(losses) of associates & joint venture entities | Current Reporting | 0 | Previous Reporting Period ($'000) 0 0 |
Period | |||
($'000) | |||
Profit/(loss) from ordinary activities before tax | |||
Income tax on ordinary activities | 0 | ||
Profit/(loss) after tax | 0 | 0 | |
Adjustments | 0 | 0 | |
Share of net profit/(loss) of associates and joint venture entities | 0 | 0 |
Name of Entity | Percentage ownership interest held at end of period or date of disposal | Contribution to net profit (loss) $'000 | ||
Current Reporting Period | Previous Reporting Period | Current Reporting Period | Previous Reporting Period | |
0 | 0 | |||
0 | 0 |
Webster Limited issued this content on 29 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 March 2016 10:14:30 UTC
Original Document: http://www.websterltd.com.au/corporate/pdf/Webster%20Limited%20Appendix%204D%20%2031%20Dec%202015