OPERATING FINANCIAL PERFORMANCE |
|
| $Million |
2008 |
2009 |
2010 |
2011 |
2012 |
| Revenue |
123.9 |
187.2 |
178.1 |
174.8 |
206.4 |
| Underlying EBITDA |
23.3 |
31.5 |
21.4 |
20.6 |
27.3 |
| Acquisition Costs |
- |
- |
- |
(0.8) |
(1.6) |
| EBITDA* |
23.3 |
31.5 |
21.4 |
19.8 |
25.7 |
| Depreciation and amortisation |
(3.9) |
(5.8) |
(6.3) |
(6.3) |
(8.3) |
| EBIT |
19.4 |
25.8 |
15.1 |
13.5 |
17.4 |
| Net Financing Costs and Fair Value Amortisation |
(4.9) |
(8.1) |
(5.8) |
(2.8) |
(5.0) |
| Share of loss in asociate/jointly controlled entity |
|
|
(1.2) |
(5.8) |
(4.2) |
| Gain on sale of subsidiary |
- |
- |
77.9 |
12.3 |
- |
| Impairment of goodwill/investment |
- |
- |
(4.5) |
- |
- |
| NPBT |
14.5 |
17.6 |
81.5 |
17.2 |
8.2 |
| Taxation |
(5.7) |
(6.0) |
(2.6) |
(3.7) |
(4.2) |
| Minority Interest |
(1.0) |
(1.9) |
(2.0) |
(2.0) |
(2.4) |
| NPAT |
7.8 |
9.7 |
76.9 |
11.5 |
1.6 |
Reconciliation to Underlying Earnings (due to changes in IFRS in 2010) |
| Less Gain on sale of subsidiary & cancellation of interest rate swaps |
- |
- |
(77.1) |
(12.3) |
- |
| Add back: Impairment of investment/Tax asset |
- |
- |
4.5 |
3.1 |
- |
| Add back: Fair value amortisation of deferred acquistion consideration |
- |
- |
0.1 |
0.2 |
0.1 |
| Add back: Acqusition costs |
- |
- |
- |
0.6 |
1.3 |
| Underlying earnings at NPAT |
7.8 |
9.7 |
4.4 |
3.1 |
3.0 |
| |
|
|
|
|
|
| No. of shares at year end (000s) |
23,030 |
23,233 |
20,897 |
15,672 |
16,256 |
| Underlying EBITDA Per Share |
101.2c |
135.8c |
96.2c |
108.0c |
160.0c |
| Reported Profit Per Share |
34.0c |
42.1c |
345.9c |
67.8c |
10.1c |
| Underlying Earnings Per Share |
34.0c |
42.1c |
19.7c |
16.2c |
18.7c |
| (Based on weighted average number of shares) |
|
FINANCIAL POSITION |
|
| $Million |
2008 |
2009 |
2010 |
2011 |
2012 |
| Total Assets |
163.7 |
230.4 |
161.9 |
169.0 |
203.2 |
| Net Bank Debt |
33.9 |
82.2 |
13.4 |
34.9 |
57.6 |
| Net Debt |
77.4 |
122.0 |
19.2 |
49.5 |
76.3 |
| Total Equity |
55.3 |
62.5 |
113.4 |
91.4 |
90.0 |
KEY FINANCIAL RATIOS |
|
| $Million |
2008 |
2009 |
2010 |
2011 |
2012 |
| Net Bank Debt/Total Assets |
20.7% |
35.7% |
8.3% |
20.7% |
28.4% |
| Net Debt/Total Assets |
47.3% |
53.0% |
11.9% |
29.3% |
37.6% |