![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Hsbc Bk.22 | LSE:49IA | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
RNS No 1548m PACIFIC DUNLOP LIMITED 27th August 1998 PART 2 Appendix 4b (equity accounted) Preliminary Final Report Pacific Dunlop Limited ACN 004 085 330 Preliminary Final Financial Year Ended ("current period) 30th June 1998 Equity accounted results for announcement to the market A$ millions Sales Revenue (item 1.1) up 3.5% to 5,983.5 Operating profit after income tax before up 3.0% to 180.8 abnormal items attributable to members Abnormal items after tax attributable to loss of 156.0 members (item 2.5) Operating profit after tax (before amortisation down 71% to 60.4 of goodwill) attributable to members (item 1.26) Operating profit after tax attributable to members (item 1.10) down 86% to 24.8 Extraordinary items after tax attributable to members (item 1.13) gain (loss) of Nil Operating profit and extraordinary items after tax attributable to members (item 1.16) down 86% to 24.8 Dividends Amount per Franked security amount per security at 36% tax Final dividend 7.0c Unfranked Previous corresponding period 7.0c 4.2c Record date for determining entitlements to the dividend (in the case of a trust 5 October 1998 distribution) (see item 15.2) Consolidated profit and loss account 30 June 1998 30 June 1997 A$ millions A$ millions 1.1 Sales revenue 5,983.5 5,782.9 1.2 Share of associates "net profit attributable to members" (equal to item 16.7) 3.0 - 1.3 Other revenue 1,004.0 364.6 1.4 Operating profit before abnormal items and tax 225.8 265.8 1.5 Abnormal items before tax (detail in item 2.4) (157.5) 0.6 1.6 Operating profit before tax (items 1.4 + 1.5) 68.3 266.4 1.7 Less tax 44.5 81.5 1.8 Operating profit after tax but before outside equity interests 23.8 184.9 1.9 Less outside equity interests (1.0) 7.1 1.10 Operating profit after tax attributable to members 24.8 177.8 1.11 Extraordinary items after tax attributable to members Nil Nil 1.12 Less outside equity interests Nil Nil 1.13 Extraordinary items after tax attributable to members Nil Nil 1.14 Total operating profit and extraordinary items after tax (items 1.8 + 1.11) 23.8 184.9 1.15 Operating profit and extraordinary items after tax attributable to outside equity interests (items 1.9 + 1.12) (1.0) 7.1 1.16 Operating profit and extraordinary items after tax attributable to members (items 1.10 + 1.13) 24.8 177.8 1.17 Retained profits (accumulated losses) at beginning of financial period 116.1 (257.6) 1.18 Adjustment to retained profits at the beginning of the financial year on initial adoption of proposed revised AASB1016 (23.3) - Accounting for investments in Associates 1.19 Aggregate of amounts transferred from reserves (11.6) 339.7 1.20 Total available for appropriation (carried forward) 106.0 259.9 Summary of operating profit for the year Operating profit after income tax attributable to members 24.8 177.8 Abnormal (loss)/gain after income tax attributable to members (156.0) 2.2 Operating profit after income tax before abnormal items attributable to members 180.8 175.6 1.21 Dividends provided for or paid 144.2 143.6 1.22 Aggregate of amounts transferred to reserves - - 1.23 (Accumulated losses)/Retained Profits at end of financial period (38.2) 116.1 30 June 1998 30 June 1997 PROFIT RESTATED TO EXCLUDE AMORTISATION OF A$millions A$millions GOODWILL 1.24 Operating profit after tax before outside equity interests (items 1.8) and amortisation of goodwill 59.4 217.4 1.25 Less (plus) outside equity interests (1.0) 7.1 1.26 Operating profit after tax (before amortisation of goodwill) attributable to members 60.4 210.3 INTANGIBLE, ABNORMAL AND EXTRAORDINARY ITEMS Consolidated - current period Related Amount Before Related outside (after tax) tax tax equity attributable interests to members A$millions A$millions A$millions A$millions 2.1 Amortisation of goodwill 39.6 (4.0) - 35.6 2.2 Amortisation of other intangibles - - - - 2.3 Total amortisation of intangibles 39.6 (4.0) - 35.6 2.4 Abnormal items Net loss on sale of GNB (Batteries)Group (88.0) - - (88.0) Net charge following creation of Accufix Settlement funds in the United States (69.5) 1.5 - (68.0) 2.5 Total abnormal items (157.5) 1.5 - (156.0) 2.6 Extraordinary Items 2.7 Total Extraordinary Items Nil Nil Nil Nil COMPARISON OF HALF YEAR PROFITS 30 June 1998 30 June 1997 Before After Before After Abnormals Abnormals Abnormals Abnormals A$millions A$millions A$millions A$millions 3.1 Consolidated operating profit after tax attributable to members reported for the 1st half year 90.1 90.1 84.5 84.5 3.2 Consolidated operating profit (loss) after tax attributable to members for the 2nd half year 90.07 (65.3) 91.1 93.3 Prima facie tax reconciliation 30 June 1998 30 June 1997 A$ millions A$ millions Tax at Standard Rates on Operating Profit 24.6 95.9 Add increased taxation arising from: Goodwill amortisation 8.8 9.8 Net charge following creation of Accrufix Settlement Funds in the United States 23.5 - Other non-allowable permanent differences - 19.5 Environmental provisions 31.7 - Deduct reduced taxation arising from: Tax rebate on dividends from investments 0.1 0.4 Tax exempt dividends from foreign companies 0.1 2.2 Income tax under provided in previous years 1.3 1.8 Investment and export incentive allowances 7.8 0.1 Net capital receipts not assessable (0.1) 6.7 Net lower overseas tax rates 18.2 27.3 Other allowable permanent differences 15.6 5.2 Share of associates' net profit 1.1 - Income Tax as per Profit and Loss Accounts attributable to Operating Profit 44.5 81.5 Income tax provided comprises: Provision attributable to current year 122.5 108.1 Under provision in respect of previous years (6.6) (1.8) Provision attributable to future years Deferred tax liability (14.4) (16.9) Future income tax benefit (57.0) (7.9) 44.5 81.5 Consolidated Balance sheet 30-06-98 30-06-97 31-12-97 A$ millions AS millions A$ millions Current assets 4.1 Cash 997.3 1,191.8 1,248.7 4.2 Receivables 1,603.3 952.4 1,012.8 4.3 Investments - - - 4.4 Inventories 807.1 954.0 1,017.9 4.5 Prepayments 35.0 68.1 81.4 4.6 Total current assets 3,442.7 3,166.3 3,360.8 Non-current assets 4.7 Receivables 69.4 77.9 61.9 4.8 Investments in associates (Equity accounted) 26.5 46.4 29.4 4.9 Other investments 136.9 142.3 164.2 4.10 Inventories - - - 4.11 Exploratioin and evaluation expenditure capitalised - - - 4.12 Development properties - - - 4.13 Other property, plant and equipment (net) 734.9 1,242.5 1,228.2 4.14 Intangibles (net) 607.8 640.0 677.4 4.15 Future income tax benefit 324.1 277.5 294.2 4.16 Total non-current assets 1,899.6 2,426.6 2,455.3 4.17 Total assets 5,342.3 5,592.9 5,816.1 Current liabilities 4.18 Accounts payable 591.7 777.7 779.8 4.19 Borrowings 1,419.4 1,382.4 1,644.4 4.20 Provisions 501.9 452.6 398.9 4.21 Other (amounts due under contractual arrangements and deferred Income) 2.8 17.5 3.0 4.22 Total current liabilities 2,515.8 2,630.2 2,826.1 Non-current liabilities 4.23 Accounts payable 11.6 6.3 2.7 4.24 Borrowings 848.1 825.3 878.1 4.25 Provisions 239.3 249.5 240.9 Other (Amounts due under contractual arrangements and 4.26 deferred income) 35.8 34.8 39.7 4.27 Total non-current liabilities 1,134.8 1,115.9 1,161.4 4.28 Total liabilities 3,650.6 3,746.1 3,987.5 4.29 Net Assets 1,691.7 1,846.8 1,828.6 CONSOLIDATED BALANCE SHEET CONTINUED 30 June 1998 30 June 1997 31 December 1997 A$ millions A$ millions A$ millions Equity 4.30 Capital 514.9 513.6 514.4 4.31 Reserves 1,188.9 1,181.8 1,179.6 4.32 (Accumulated losses) Retained profits (38.2) 116.1 110.6 4.33 Equity attributable to members of the parent entity 1,665.6 1,811.5 1,804.6 4.34 Outside equity interests in controlled entities 26.1 35.3 24.0 4.35 Total equity 1,691.7 1,846.8 1,828.6 4.36 Preference capital included as part of 4.33 - - - EXLORATION AND EVALUATION EXPENDITURE CAPITALISED To be completed only by entities with mining interests if amounts are material. Include all expenditure incurred regardless of whether written off directly against profit. 30 June 1998 30 June 1997 A$ millions A$ millions 5.1 Opening balance 5.2 Expenditure incurred during current period n/a n/a 5.3 Expenditure written off during current period 5.4 Acquisitions, disposals, revaluation increments,etc 5.5 Expenditure transferred to Development Properties 5.6 Closing balance as shown in the consolidated balance sheet - - (Item 4.11) DEVELOPMENT PROPERTIES (To be completed only by entities with mining interests if amounts are material) 30 June 1998 30 June 1997 A$ millions A$ millions 6.1 Opening balance 6.2 Expenditure incurred during current period 6.3 Expenditure transferred from exploration and evaluation n/a n/a 6.4 Expenditure written off during current period 6.5 Acquisitions, disposals, revaluation increments, etc. 6.6 Expenditure transferred to mine properties 6.7 Closing balance as shown in the consolidated balance sheet - - (Item 4.12) CONSOLIDATED STATEMENT OF CASH FLOWS 30 JUNE 1998 30 JUNE 1997 A$ MILLIONS A$ MILLIONS CASH FLOWS RELATED TO OPERATING ACTIVITIES RECEIPTS FROM CUSTOMERS (EXCLUDING MEDICAL) 6,023.6 5,777.6 PAYMENTS TO SUPPLIERS AND EMPLOYEES (EXCLUDING MEDICAL) (5,637.0) (5,241.2) NET RECEIPTS FROM CUSTOMERS (EXCLUDING MEDICAL) 386.6 536.4 PAYMENTS TO SUPPLIERS AND EMPLOYEES NET OF CUSTOMER RECEIPTS (MEDICAL) (42.9) (86.1) 343.7 450.3 INCOME TAXES PAID (62.7) (79.1) DIVIDENDS RECEIVED 0.4 7.0 NET CASH PROVIDED BY OPERATING ACTIVITIES 281.4 378.2 CASH FLOWS RELATED TO INVESTING ACTIVITIES PAYMENTS FOR BUSINESSES, NET OF CASH ACQUIRED (23.8) (87.6) PAYMENTS FOR PROPERTY, PLANT AND EQUIPMENT (192.3) (190.2) PAYMENT FOR ACQUISITIONS OF PREVIOUSLY HELD FINANCE LEASES - (80.1) PROCEEDS FROM SALE OF BUSINESSES, NET OF CASH DISPOSED 36.0 303.3 PROCEEDS FROM SALE OF PLANT AND EQUIPMENT IN THE ORDINARY COURSE OF BUSINESS 31.9 29.6 LOANS REPAID 23.6 21.6 PROCEEDS FROM SALE OF OTHER INVESTMENTS 0.8 0.2 PAYMENTS FOR OTHER INVESTMENTS (3.1) (5.8) NET CASH USED IN INVESTING ACTIVITIES (126.9) (9.0) CASH FLOWS RELATED TO FINANCING ACTIVITIES PROCEEDS FROM BORROWINGS 8,025.5 5,094.6 REPAYMENTS OF BORROWINGS (8,190.7) (5,353.6) NET REPAYMENT OF BORROWINGS (165.2) (259.0) PROCEEDS FROM ISSUES OF SHARES 3.6 8.4 LEASE PAYMENTS (1.4) (9.9) DIVIDENDS PAID (148.7) (147.7) INTEREST RECEIVED 53.4 74.4 INTEREST AND BORROWING COSTS PAID (156.5) (163.8) NET CASH USED IN FINANCING ACTIVITIES (414.8) (497.6) NET DECREASE IN CASH HELD (260.3) (128.4) CASH AT BEGINNING OF THE FINANCIAL YEAR (SEE RECONCILLATION OF CASH) 1,171.7 1,294.1 EFFECTS OF EXCHANGE RATE CHANGES ON THE BALANCES OF CASH HELD IN FOREIGN CURRENCIES AT THE BEGINNING OF THE FINANCIAL YEAR 33.1 6.0 CASH AT THE END OF THE FINANCIAL YEAR 944.5 1,171.7 (SEE RECONCILLATION OF CASH) Issued and quoted securities at end of current period Description includes rate of interest and any redemption or conversion rights together with prices and dates Category of Securities Total Number Issue Price Amount Number quoted per security paid-up (cents) per security (cents) 18.1 Preference securities (description) n/a n/a n/a n/a 18.2 Issued during current period n/a n/a n/a n/a 18.3 Ordinary securities Ordinary shares 1,024,071,526 1,024,071,526 n/a 50 Ordinary - Executive Plan Shares 13,536,400 - variable 1 Ordinary - Employee Plan Shares 5,582,645 - variable 50 18.4 Issued during current period Ordinary - converted from Executive Plan Shares 2,836,500 2,836,500 variable 50 Ordinary - converted from Employee Plan Shares 697,860 697,860 variable 50 18.5 Convertible debt securities (description and con- version factor) n/a n/a n/a n/a 18.6 Issued during current period n/a n/a n/a n/a 18.7 Options (description and Exercise Expiry conversion factor) price date (if any) Options issued 25th November 1996 1,800,000 nil 2.80 14/11/01 On 25th November 1996, Pacific Dunlop Limited granted to Mr R L Chadwick (the Managing Director), options to subscribe for up to 1,800,000 unissued ordinary shares, in accordance with approval received from shareholders at the Annual General Meeting on 15th November, at an exercise price of $2.80 per share. The options expire on 14th November 2001 and are exercisable in three separate tranches of 600,000 options between 1st and 14th November 1999, 2000 and 2001, only where, in relation to each tranche of options, two separate performance conditions are satisfied, the first requiring a 10% compound growth in the Company's share price, the second that the total return to shareholders on the Company's shares must exceed the average yield on a selected group of major listed companies. 18.8 Issued during current period Executive Share Options to Executive Director 600,000 nil 3.30 11/12/02 Executive Share Options to Executives 6,690,000 nil 3.30 11/12/02 On 11 December 1997, Pacific Dunlop Limited granted to Mr R B Hershan (Executive Director) and certain Senior Executives options to subscribe for up to 7,290,000 unissued ordinary shres, in accordance with approval received from shareholders at the Annual General Meeting on 14th November, at an exercise price of $3.30 per share. The options are exercisable in three separate tranches subject to the satisfaction of a Performance Hurdle, in respect of the total return to shareholders on the company's shares similar to the above, during a period commencing 28 days prior to the third, Fourth and Fifth Anniversary of grant of the options and expiring on the Fifth Anniversary. 18.9 Exercised during current period nil nil n/a n/a 18.10Expired during current period 1,200,000 nil n/a n/a 18.11Debentures (totals only) n/a n/a 18.12Unsecured notes (totals only) n/a n/a END FR NFFPXADLPEFN
1 Year Hsbc Bk.22 Chart |
1 Month Hsbc Bk.22 Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions