30 September 2016
Company Announcements Office ASX Limited
20 Bridge Street
SYDNEY NSW 2000
2016 Annual Report - nib holdings limitednib holdings limited Head Office
22 Honeysuckle Drive
Newcastle NSW 2300
abn 51 125 633 856
t 13 14 63
f 02 4925 1999
e nib@nib.com.au
w nib.com.au
Please find attached nib's 2016 Annual Report which was distributed to nib shareholders today.
The Annual Report can also be viewed online at nib.com.au/shareholders.
Regards,
Michelle McPherson Chief Financial Officer & Company Secretary
For further information please contact:Matthew Neat
Head of Corporate Affairs & Investor Relations T: +61 (0)2 4914 1777
M: +61 (0)411 700 006
E: m.neat@nib.com.au
ANNUAL REPORT 2016
CONTENTSGroup Performance Highlights 1
Operating and Financial Review 2
Directors' Report 14
Auditor's Independence Declaration 21
Remuneration Report 22
Corporate Governance Statement 43
Financial Report 44
Consolidated Income Statement 45
Consolidated Statement of Comprehensive Income 46
Consolidated Balance Sheet 47
Consolidated Statement of Changes in Equity 48
Consolidated Statement of Cash Flows 49
Notes to the Consolidated Financial Statements 50
Directors' Declaration 112
Independent Auditor's Report to the Members 113
Shareholder Information 115
Corporate Directory 117
2016 ANNUAL GENERAL MEETINGThe Annual General Meeting of nib holdings limited will be held at The Westin, 1 Martin Place, Sydney at 11.00am (AEDT) on Wednesday, 2 November 2016.
nib holdings limited ABN 51125 633 856
GROUP PERFORMANCE HIGHLIGHTSFor the year ended 30 June 2016
TOTAL GROUP REVENUE $m ~ 14.3%
1,873.1*
UNDERLYING OPERATING PROFIT $m ~ 49.9%
132.0
1,127.4
1,293.5
1,497.3
1,639.3
71.0 75.5 77.3
88.0
FY12
FY13
FY14
FY15
FY16
FY12
FY13
FY14
FY15
FY16
* Excludes non-recurring profit from sale of Newcastle office building
NET INVESTMENT RETURN $m
28.829.7
25.6
31.4*
~
46.2%
NET PROFIT AFTER TAX $m ~ 22.0%
91.8
75.3
67.6 67.2 69.8
16.9
FY12
FY13
FY14
FY15
FY16
FY12
FY13
FY14
FY15
FY16
* Includes profit on sale of PSG shares of $5.4m in FY15
DIVIDENDS cps ~ 28.3%
RETURN ON EQUITY % ~ 11.7%
25.8
16.07 21.7 21.620.8
23.1
9.0
14.75
10.0
9.25
11.0
11.5
FY12
FY13
FY14
FY15
FY16
FY12
FY13
FY14
FY15
FY16
Ordinary Special Capital Return
EARNINGS PER SHARE (STATUTORY) cps ~ 22.5%
21.2
17.3
NET PROMOTER SCORE (ARHI*) %
18.7
16.9
20.7
~
3.0%
17.7
14.8 15.3 15.9
12.4
FY12
FY13
FY14
FY15
FY16
FY12
FY13
FY14
FY15
FY16
All figures quoted are in Australian dollars unless otherwise stated.
* Australian Residents Health Insurance
a n n u a l r e p o r t 2 0 1 6 1
NIB Holdings Limited published this content on 30 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 September 2016 22:50:04 UTC.
Original documenthttps://www.nib.com.au/shareholders/file/ASX Announcement_AR.pdf
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