28 August 2017
The Manager
Market Announcements Office Australian Securities Exchange Ltd Level 6, Exchange Centre
20 Bridge Street
Sydney NSW 2000
FOR RELEASE TO THE MARKET
Dear Sir / Madam,
Re: Appendix 4E and Annual Report for the Full Year Ended 30th June 2017 Attached for immediate release is the AUB Group Limited (AUB):
Appendix 4E - Full-Year Report 30 June 2017; and
Attachment A to Appendix E - Annual Report for the Full-Year Ended 30 June 2017 The following associated documents will be provided separately:
Media Release
Presentation on the Full Year Results Yours faithfully,
Justin Coss Company Secretary
For further information, contact Justin Coss Tel: (02) 9935 2224
justinc@aubgroup.com.au
AUB Group LimitedABN 60 000 000 715
ASX Discloure - Appendix 4E
ASX DISCLOSURE - APPENDIX 4E Annual Report - 30 June 2017Under Listing Rule 4.3.A of the Australian Stock Exchange Limited (the "ASX"), the following information must be given to the ASX. The information should be read in conjunction with the financial report for the year ending 30 June 2017.
-
Reporting Period
Current reporting period - twelve months ended 30 June 2017 Previous corresponding period - twelve months ended 30 June 2016
-
Results for Announcement to the Market
$'000
Revenue from ordinary activities1 up 13.1% to 264,509
a) Profit (loss) from ordinary activities after down 21.5% to 32,988 tax attributable to members
b) Total comprehensive income after tax
attributable to members
down
22.3%
to
32,952
2.3
Net profit (loss) attributable to members
down
21.5%
to
32,988
2.4
Adjusted NPAT2
up
7.5%
to
40,382
2.5
Dividends
Amount Per Security
Franking at 30% tax rate
Franked Amount Per Security
Final dividend proposed
29.5 cents
100%
29.5 cents
Interim dividend paid
12.5 cents
100%
12.5 cents
Record date for determining entitlement to the final dividend Tuesday 10th October 2017.
1 Revenue from ordinary activities includes: Revenue, Other income, and Profits from Associates.
2 Adjusted NPAT is the measure used by management and the Board to assess underlying business performance. Adjusted NPAT excludes adjustments to carrying values of associates, profit on sale and deconsolidation of controlled entities, contingent consideration adjustments, impairment charges and amortization of intangibles. A reconciliation is provided in the Directors' Report. Adjusted NPAT is non-IFRS financial information and as such has not been audited.
A brief explanation of any of the figures in 2.1 to 2.5 necessary to enable the figures to be understood is contained in the Directors' Report section of the Full Year Report - 30 June 2017 attached as Attachment A.
-
Statement of Comprehensive Income
The Statement of Comprehensive Income is contained in Attachment A - Financial Statements.
-
Statement of Financial Position
The Statement of Financial Position is contained in Attachment A - Financial Statements.
-
Statement of Cash Flows
The Statement of Cash Flows is contained in Attachment A - Financial Statements.
-
Dividends
The fully franked interim dividend on ordinary shares for 2017 of 12.5 cents per share was paid to Shareholders on 28 April 2017. This dividend totalled $7,980,810.
On 28 August 2017, the Directors declared a fully franked final dividend of 29.5 cents per share. This dividend is payable on 31st October 2017. Based on issued shares of 63,846,476 shares, this dividend will total $18,834,710.
-
Dividend Reinvestment Plan
The board has determined to continue to suspend the Dividend Reinvestment Plan (DRP) until further notice in accordance with clause 9.1 of the Plan Rules and accordingly, the DRP will not apply to the final dividend.
-
Movements in Retained Earnings
An analysis of the movements through Retained Earnings is shown in Attachment A - Financial Statements.
-
Net Tangible Assets Per Security
30 June 2017 $1.73
30 June 2016 $1.70
-
Entities Over Which Control has been Gained or Lost During the Period
Details of entities over which control has been gained during the period.
Acquisitions Date Contribution to Profit 2017 2016 $'000 $'000PeopleSense Pty Ltd
Northern Tablelands Insurance Brokers Pty Ltd Bruce Park Pty Ltd
01/07/16
01/03/17
20/06/17
1,621
154
43
Nil Nil Nil
Details of entities over which control has been lost during the period.
Disposal Date Contribution to Profit 2017 2016 $'000 $'000All-Trans Underwriting Pty Ltd 30/06/17 - -
-
Associates and Joint Venture Entities
Details of associates are shown in the Full Year Financial Report.
-
Any other Significant Information
Any other significant information needed to make an informed assessment of the financial performance and financial position is included in Attachment A - Financial Report.
-
Accounting Standards Applied to Foreign Entities
Not Applicable.
-
Commentary on the Results for the Period
A commentary on the results for the period is contained in the Directors Report section of Attachment A - Financial Report.
- Audit Dispute or Qualification
There is no audit dispute or qualification. Refer to the Independent Auditor's Review Report to the members of AUB Group Limited dated 28 August 2017 prepared by Ernst & Young and included in the Full Year Report - 30 June 2017 attached as Attachment A.
AUB Group Limited published this content on 28 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 August 2017 23:17:09 UTC.
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