OPERATING FINANCIAL PERFORMANCE
|
|
|
|
|
|
|
|
|
|
| $Million |
2006 |
2007 |
2008 |
2009 |
2010 |
| Revenue |
65.2 |
89.5 |
123.9 |
187.2 |
178.1 |
| Core EBITDA |
6.7 |
13.9 |
23.3 |
31.5 |
20.2 |
| NonCore/Unusuals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
| EBITDA |
6.7 |
13.9 |
23.3 |
31.5 |
20.2 |
| Amortisation |
0.0 |
0.0 |
(0.5) |
(0.5) |
(0.4) |
| Depreciation |
(2.3) |
(3.2) |
(3.4) |
(5.3) |
(5.9) |
| EBIT |
4.4 |
10.7 |
19.4 |
25.8 |
13.9 |
| Net Interest on borrowings |
(0.5) |
(0.9) |
(2.4) |
(5.9) |
(4.0) |
| Fair value gain(loss) on swaps |
0.3 |
0.1 |
(0.2) |
(0.2) |
(1.2) |
| Fair value amortisation of deferred acquistion |
(0.9) |
(1.2) |
(2.3) |
(2.0) |
(0.6) |
| Gain on sale of subsidiary |
13.1 |
- |
- |
- |
77.9 |
| Impairment of goodwill/investment |
- |
- |
- |
- |
(4.5) |
| NPBT |
16.4 |
8.7 |
14.5 |
17.6 |
81.5 |
| Taxation |
(1.7) |
(3.4) |
(5.7) |
(6.0) |
(2.6) |
| Minority Interest |
0.0 |
(0.3) |
(1.0) |
(1.9) |
(2.0) |
| NPAT |
14.7 |
5.0 |
7.8 |
9.7 |
76.9 |
| Operating NPAT |
1.6 |
5.0 |
7.8 |
9.7 |
4.4 |
| No. of shares (000s) |
23,010 |
23,010 |
23,030 |
23,233 |
20,897 |
| Operational EBITDA/Share |
29.1 cents |
60.6 cents |
101.2 cents |
135.8 cents |
96.7 cents |
| Earnings Per Share |
63.9
cents |
21.9 cents |
34.0 cents |
42.1 cents |
345.9 cents |
| Operating Earnings Per Share |
7.0 cents |
21.9 cents |
34.0 cents |
42.1 cents |
19.7 cents |
FINANCIAL POSITION
|
|
|
|
|
|
|
|
|
|
|
|
| $Million |
2006 |
2007 |
2008 |
2009 |
2010 |
| Total Assets |
96.6 |
123.9 |
163.7 |
230.4 |
161.9 |
| Net Bank Debt |
9.9 |
12.3 |
33.9 |
82.2 |
13.4 |
| Net Debt |
37.8 |
48.3 |
77.4 |
122.0 |
19.2 |
| Total Equity |
46.9 |
52.4 |
55.3 |
62.5 |
113.4 |
|
|
|
|
|
|
KEY FINANCIAL RATIOS
|
|
|
|
|
|
|
|
|
|
|
|
| $Million |
2006 |
2007 |
2008 |
2009 |
2010 |
| Net Bank Debt/Total Assets |
10.2% |
9.9% |
20.7% |
35.7% |
8.3% |
| Net Debt/Total Assets |
39.1% |
38.9% |
47.3% |
53.0% |
11.9% |
| Equity/Total Assets |
48.6% |
42.3% |
33.8% |
27.1% |
70.0% |
| Bank Interest cover at Core EBITDA |
4.8x |
10.8x |
8.3x |
5.1x |
5.2x |
| EV/Core EBITDA |
4.8x |
6.2x |
6.2x |
6.3x |
5.9x |