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A. | 3701, Level 37, 1 | P. +61 2 8405 8860 | |
Suite | |||
F. +61 2 9238 0354 | |||
Macquarie Place, | |||
Sydney NSW 2000 | |||
W. | 360capital.com.au | E. investor.relations@360capital.com.au |
ASX Release
360 Capital Group (ASX: TGP) | 24 February 2022 |
Appendix 4D
For the half year ended 31 December 2021
360 Capital Group comprises the stapling of ordinary shares in 360 Capital Group Limited (ACN 113 569 136) and units in 360 Capital Investment Trust (ARSN 104 552 598)
This Preliminary Financial Report is given to the ASX in accordance with Listing Rule 4.2.A. This report should be read in conjunction with the Annual Report for the year ended 30 June 2021. It is also recommended that the Annual Report be considered together with any public announcements made by the Group. Reference should also be made to the statement of significant accounting policies as outlined in the Financial Report. The Interim Financial Report for the half year ended 31 December 2021 is attached and forms part of this Appendix 4D.
Details of reporting period | |||||
Current reporting period: | 1 July 2020 - 31 December 2021 | ||||
Prior corresponding period: | 1 July 2019 - 31 December 2020 | ||||
Results announcement to the market | |||||
31 Dec 2021 | 31 Dec 2020 | Movement Movement | |||
$'000 | $'000 | $'000 | % | ||
Revenue and other income from ordinary activities | 45,300 | 15,445 | 29,855 | 193.3% | |
Profit attributable to stapled securityholders for the | 25,657 | 1,769 | 23,888 | 1350.4% | |
year | |||||
Operating profit1 | 15,600 | 471 | 15,129 | 3212.1% | |
1 Operating profit is a financial measure which is not prescribed by Australian Accounting Standards (AAS) and represents the profit under AAS adjusted for non-operating items. The Responsible Entity considers operating profit to reflect the core earnings of the Fund. Operating earnings is used by the Board to make strategic decisions and as a guide to assessing an appropriate distribution to declare. A reconciliation of the Fund's statutory profit to operating earnings is provided in Note 1 of the Interim Financial Report.
31 Dec 2021 | 31 Dec 2020 | Movement | Movement | |
Cents per | Cents per | Cents per | % | |
security | security | security | ||
Earnings per security - Basic | 11.7 | 0.8 | 10.9 | 1362.5% |
Earnings per security - Diluted | 11.4 | 0.8 | 10.6 | 1325.0% |
Operating profit per security | 7.1 | 0.2 | 6.9 | 3450.0% |
360 Capital Group Limited ABN 18 113 569 136 and 360 Capital FM Limited ABN 15 090 664 396 (AFSL 221474) as responsible entity of the 360 Capital Investment Trust ARSN 104 552 598
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For usepersonal
A. | 3701, Level 37, 1 | P. +61 2 8405 8860 | |
Suite | |||
F. +61 2 9238 0354 | |||
Macquarie Place, | |||
Sydney NSW 2000 | |||
W. | 360capital.com.au | E. investor.relations@360capital.com.au |
ASX Release
Distributions / Dividends
During the half-year, distributions made by 360 Capital Group to securityholders were in the form of fully franked dividend from 360 Capital Group Limited. In the comparative period distributions were made as distributions from 360 Capital Investment Trust.
Amount | Franked | ||||||
amount | Total | Date of | |||||
per | |||||||
per | paid | Record date | |||||
Security | payment | ||||||
security | $'000 | ||||||
(cents) | |||||||
(cents) | |||||||
September 2021 quarter | 1.5 | 1.5 | 3,285 | 30 September | 27 October | ||
dividend -fully franked | 2021 | 2021 | |||||
December 2021 quarter | 1.5 | 1.5 | 3,285 | 31 December | 27 January | ||
dividend - fully franked | 2021 | 2022 | |||||
Total dividend for the period | 3.0 | 3.0 | 6,570 | ||||
ended 31 December 2021 | |||||||
September 2020 quarter | 1.0 | 0.0 | 2,295 | 30 September | 27 October | ||
2020 | 2020 | ||||||
distribution | |||||||
December 2020 quarter | 1.0 | 0.0 | 2,295 | 31 December | 27 January | ||
distribution | 2020 | 2021 | |||||
Total distribution for the | |||||||
period ended 31 | 2.0 | 0.0 | 4,590 | ||||
December 2020 | |||||||
Net tangible asset per security | |||||||
31 Dec 2021 | 31 Dec 2020 | ||||||
$ | $ | ||||||
NTA per security | 0.98 | 0.89 | |||||
Control Gained and Lost over Entities during the year
Refer to Note 11 Business combinations and asset acquisitions and Note 12 Business divestment of the Interim
Financial Report.
Details of Associates and Joint Venture Entities
Refer to Note 5 Investments accounted for using the equity method of the Financial Report.
Incorporating 360 Capital Group Limited ABN 18 113 569 136 & 360 Capital FM Limited ABN 15 090 664 396 (AFSL 221474) as Responsible Entity of 360 Capital Investment Trust
only360
useCAPITAL GROUP
(ASX:TGP)
personalINTERIM FINANCIAL REPORT
For the half year ended 31 December 2021 For
360 Capital Group (ASX: TGP) comprises 360 Capital Group Limited (ABN 18 113 569 136) and its controlled entities and 360 Capital Investment Trust (ARSN 104 552 598) and its controlled entities.
General information
onlyThe interim financial report is a general- purpose financial report which has been prepared in accordance with AASB 134: Interim Financial Reporting and the Corporations Act 2001. The interim financial report of 360 Capital Group comprises the consolidated financial statements of 360 Capital Group Limited and its controlled entities and 360 Capital Investment Trust (ARSN 104 552 598) and its controlled entities. A 360 Capital Group stapled security comprises one 360 Capital Group Limited share stapled to one 360 Capital Investment Trust unit to create a single listed entity traded on the Australian Stock Exchange (ASX). The stapled security cannot be traded or dealt with separately.
The interim financial report does not include all of the notes and information required for a full annual financial report and should be read in conjunction with the annual financial report for the year ended 30 June 2021 and any public announcements made by 360 Capital Group during the interim reporting period in accordance with the continuous disclosure requirements of the Corporations
useAct 2001.
The annual financial report of the 360 Capital Group for the year ended 30 June 2021 is available upon request from the registered office at Suite 3701, Level 37, 1 Macquarie Place, Sydney NSW 2000 Australia or at www.360capital.com.au.
The interim financial report is presented in Australian dollars.
360 Capital Group is an entity of the kind referred to in Corporations (Rounding in Financial/Directors' Reports) Instrument 2016/191 issued by the Australian Securities and Investments Commission (ASIC). In accordance with that Instrument, amounts in the interim financial report and Directors' report have been rounded to the nearest thousand dollars, unless otherwise stated.
personalThe financial statements were authorised for issue, in accordance with a resolution of directors, on 24 February 2022. For
Contents
Directors' report | 2 |
only | |
Auditor's independence declaration | 9 |
Consolidated interim statement of profit or loss | 10 |
and other comprehensive income | |
use | |
Consolidated interim statement of financial position | 12 |
personal | |
Consolidated interim statement of changes in equity | 14 |
Consolidated interim statement of cash flows | 15 |
Notes to the interim financial statements | 16 |
Directors' declaration | 39 |
For | |
Independent auditor's review report | 40 |
This interim financial report does not include all the notes of the type normally included in an annual financial report. Accordingly, this report is to be read in conjunction with the annual report for the year ended 30 June 2021 and any public announcements made by 360 Capital Group during the interim reporting period in accordance with the continuous disclosure requirements of the Corporations Act 2001.
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360 Capital Group Ltd. published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 06:01:06 UTC.