G8 Education : Preliminary Final Report and Annual Report 2016

Name of Entity

G8 Education Limited

ABN

95 123 828 553

Reporting period - year ended

31 December 2016

Previous Corresponding period - period ended

31 December 2015

Percentage change Up or Down

%

$'000

Revenue from ordinary activities

up

11%

to

777,470

Profit from ordinary activities after tax attributable to members

down

9%

to

80,265

Profit for the period attributable to members

down

9%

to

80,265

Dividends

Amount per Security

Franked amount per security

March 2016 Interim Dividend - paid

6.0 cents

100%

June 2016 Interim Dividend - paid

6.0 cents

100%

September 2016 Interim Dividend - paid

6.0 cents

100%

December 2016 Interim Dividend -payable

6.0 cents

100%

Final Dividend - Current reporting period

Nil

Nil

Record date for determining entitlements to dividends (if any)

16 December 2016

Date Dividend is payable

6 January 2017

Details of any dividend reinvestment plan in operation

Dividend reinvestment plan is in operation

The last date for receipt of an election notice for participation in any dividend reinvestment plan

19 December 2016

Net Tangible Assets (NTA)

December 2016

December 2015

Net Tangible Assets per security

( 102.9cents)

(93.6 cents)

Brief explanation of any figures reported above necessary to enable the figures to be understood

The company acquired 21 child care centres in Australia and 2 in Singapore in the 12 months ended 31

December 2016. The total number of centres at year end was 510. As a result the comparatives shown in the financial report are not directly comparable. G8 Education Limited does not have a large tangible asset base as it is a service organisation. NTA is low as G8 Education Limited's value is derived from its ability to generate future profits.

Underlying Net Profit After Tax Reconciliation (Unaudited, Non IFRS)

2016

$'000

2015

$'000

Variance

Consolidated Year end 31 December

Revenue#

777,470

703,548

11%

Expenses

(616,779)

(543,124)

14%

Net Financing Cost

(46,022)

(37,651)

22%

Net Profit Before Tax

114,669

122,773

-7%

Net Profit After Tax

80,265

88,581

-9%

Add/(Less) non-operating transactions:

Deferred consideration not paid*

(2,500)

(5,755)

Acquisition expenses

2,574

916

Share based payment expense *

(105)

344

Write off of borrowing costs on refinance*^

7,474

2,010

Profit on sale of financial assets^

-

(7,343)

Foreign currency translation loss*^

5,634

8,378

Underlying Net Profit After Tax

93,342

87,131

7%

Underlying EPS (cents per share)^^

24.68

23.87

3%

Earnings Before Interest and Tax

160,691

160,423

Add/(Less) non-operating transactions:

Deferred consideration not paid

(2,500)

(5,755)

Acquisition expenses

2,574

916

Share based payment expense

(105)

344

Profit on sale of financial assets

-

(10,490)

Underlying Earnings Before Interest and Tax^^^

160,660

145,438

10%