OPERATING FINANCIAL PERFORMANCE |
| $Million |
2007 |
2008 |
2009 |
2010 |
2011 |
| Revenue |
89.5 |
123.9 |
187.2 |
178.1 |
174.8 |
| EBITDA |
13.9 |
23.3 |
31.5 |
20.2 |
14.0 |
| Depreciation and amortisation |
-3.2 |
-3.9 |
-5.8 |
-6.3 |
-6.3 |
| EBIT |
10.7 |
19.4 |
25.8 |
13.9 |
7.7 |
| Net Financing Costs and Fair Value Amortisation |
-2.0 |
-4.9 |
-8.1 |
-5.8 |
-2.8 |
| Gain on sale of subsidiary |
- |
- |
- |
77.9 |
12.3 |
| Impairment of goodwill/investment |
- |
- |
- |
-4.5 |
- |
| NPBT |
8.7 |
14.5 |
17.6 |
81.5 |
17.2 |
| Taxation |
-3.4 |
-5.7 |
-6.0 |
-2.6 |
-3.7 |
| Minority Interest |
-0.3 |
-1.0 |
-1.9 |
-2.0 |
-2.0 |
| NPAT |
5.0 |
7.8 |
9.7 |
76.9 |
11.5 |
| Reconcilation 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 |
- |
- |
- |
0.1 |
0.2 |
| Add back: Acqusition costs |
- |
- |
- |
- |
0.6 |
| Underlying earnings at NPAT |
5.0 |
7.8 |
9.7 |
4.4 |
3.1 |
| |
|
|
|
|
|
| No. of shares (000s) |
23,010 |
23,030 |
23,233 |
20,897 |
15,672 |
| Operational EBITDA/Share |
60.6c |
101.2c |
135.8c |
96.7c |
88.5c |
| Earnings Per Share |
21.9c |
34.0c |
42.1c |
345.9c |
67.8c |
| Underlying Earnings Per Share |
21.9c |
34.0c |
42.1c |
19.7c |
16.2c |
FINANCIAL POSITION |
| $Million |
2007 |
2008 |
2009 |
2010 |
2011 |
| Total Assets |
123.9 |
163.7 |
230.4 |
161.9 |
169 |
| Net Bank Debt |
12.3 |
33.9 |
82.2 |
13.4 |
34.9 |
| Net Debt |
48.3 |
77.4 |
122 |
19.2 |
49.5 |
| Total Equity |
52.4 |
55.3 |
62.5 |
113.4 |
91.4 |
KEY FINANCIAL RATIOS |
| $Million |
2007 |
2008 |
2009 |
2010 |
2011 |
| Net Bank Debt/Total Assets |
9.90% |
20.70% |
35.70% |
8.30% |
20.70% |
| Net Debt/Total Assets |
38.90% |
47.30% |
53.00% |
11.90% |
29.30% |