AUSTRALIAN ETHICAL INVESTMENT LIMITED For the year ended 30 June 2017
Australian Ethical Investment Limited and Controlled Entities ABN 47 003 188 930
Results for announcement to the market[ All comparisons to year ended 30 June 2016 ]
$'000 | up / down | % movement | |
Revenues from ordinary activities | 28,305 | up | 23% |
Net profit after tax | 2,924 | down | (8%) |
Deduct net profit after tax attributable to The Foundation | (4) | ||
Net profit attributable to shareholders | 2,920 | down | (3%) |
Add back employment restructure expense | 250 | ||
Deduct reversal of impairment | (228) | ||
Add back further provision for remediation | 795 | ||
Add back unit pricing project costs | 1,160 | ||
Tax on adjustments | (662) | ||
Underlying net profit after tax | 4,235 | up | 11% |
Dividend information | Amount per share (cents) | Franked amount per share (cents) | Franking Level |
Interim 2017 dividend per share (paid 24 March 2017) | 50.0 | 50.0 | 100% |
Final 2017 dividend per share (to be paid 22 September 2017) | 210.0 | 210.0 | 100% |
Ex-dividend date 7 September 2017
Record date 8 September 2017
Payment date 22 September 2017
The Company's Dividend Reinvestment (DRP) will not operate with respect to the final dividend.
30 June 2017 30 June 2016 Restated
Net tangible assets per security $11.21 $11.27 Net asset value per security $12.47 $12.10This information should be read in conjunction with the 2017 Annual Financial report of Australian Ethical Investment Limited and any public announcements made in the period by Australian Ethical Investment Limited in accordance with the continuous disclosure requirements of the Corporations Act 2001 and Listing Rules.
Additional Appendix 4E disclosure requirements can be found in the Directors' Report and the Annual Financial report for the year ended 30 June 2017.
This report is based on the consolidated 2017 financial statements of Australian Ethical Investment Limited which have been reviewed by KPMG. The Independent Auditor's Review Report by KPMG is included in the Annual Financial Report for the period ended 30 June 2017.
Australian Ethical Investment Limited and its Controlled Entities |
ABN 47 003 188 930 |
Annual Report - 30 June 2017 |
The directors present their report, together with the financial statements, on the consolidated Group (referred to hereafter as 'the Group') consisting of Australian Ethical Investment Limited (referred to hereafter as the 'Company' or 'Parent entity') and the entities it controlled at the end of, or during, the year ended 30 June 2017.
Directors Report 2
Remuneration Report 7
Auditor's Independence Declaration 23
Consolidated Statements of Comprehensive Income 25
Consolidated Statements of Financial Position 26
Consolidated Statement of Changes in Equity 27
Consolidated Statements of Cash Flows 29
Notes to the Financial Statements 30
Directors' Declaration 57
Independent Auditor's Report 58
DirectorsThe following persons were directors of Australian Ethical Investment Limited during the whole of the financial year and up to the date of this report, unless otherwise stated:
Steve Gibbs Non-Executive Director since 2012 and Chair since 2013 BEc, MBA Steve chairs the People, Remuneration and Nominations Committee, is a member of the Australian Ethical Investment Limited and Australian Ethical Superannuation Pty Limited Audit, Compliance and Risk Committees and is Chair of Australian Ethical Superannuation Pty Limited and Australian Ethical Foundation Ltd. Steve has a long history of involvement in the investment and superannuation industries, particularly focused on ethical and responsible investing. |
Mara Bun Non-Executive Director since 2013 BA (Political Economy), GAICD Mara is a member of the People, Remuneration and Nominations Committee and the Australian Ethical Investment Limited and Australian Ethical Superannuation Pty Limited Audit, Compliance and Risk Committees. Mara is a Director of Australian Ethical Superannuation Pty Limited and Australian Ethical Foundation Ltd. Mara brings executive experience from Green Cross Australia, Choice, CSIRO, Macquarie Bank and Canstar to Australian Ethical. She is also Chair of the Board of the Gold Coast Waterways Authority and a Non-Executive Director of Enova Community Energy, a Byron based social enterprise. Mara consults to research, business and government agencies. Currently she leads Strategy and Development pathways for Food Agility CRC, a ten-year research programme enabling digital solutions across Australian food value chains; and is a member of Seqwater's statutory 'Water Security Program - Independent Review Panel'. |
Tony Cole Non-Executive Director since 2013, resigned 30 June 2017 AO, BEc Tony was a director of Australian Ethical Superannuation Pty Limited and Australian Ethical Foundation Ltd. Tony was also a member of the People, Remuneration and Nominations Committee and the Australian Ethical Investment Limited and Australian Ethical Superannuation Pty Limited Audit, Compliance and Risk Committees. Tony has an extensive background in investment and public service. |
Kate Greenhill Non-Executive Director since 2013 BEc, FCA, GAICD Kate is chair of the Australian Ethical Investment Limited and Australian Ethical Superannuation Pty Limited Audit, Compliance and Risk Committees and a member of the People, Remuneration and Nominations Committee. Kate is a Director of Australian Ethical Superannuation Pty Limited and Australian Ethical Foundation Ltd. Kate is a Fellow of the Institute of Chartered Accountants in Australia and a Graduate of the Australian Institute of Company Directors. Kate has over 20 years' experience in the financial services industry with extensive knowledge of finance and risk. As a former Partner with PwC, Kate has worked in both Australia and the UK providing assurance and advisory services to clients. Kate is also a Director and chair of the Audit, Finance and Risk Committee of a not for profit organisation in the education sector. |
Phillip Vernon CEO since 2009 and Managing Director since 2010 BEc, MCom, MBA, FCPA, FAICD Phil is a director of Australian Ethical Superannuation Pty Limited and Australian Ethical Foundation Limited. He has over 30 years' experience in financial services covering funds management, superannuation, corporate governance and industry regulation. He is a director of two industry associations: the Responsible Investment Association; and the Investor Group for Climate Change. He is also a director of the not-for-profit environmental group, the Planet Ark Foundation and is Chair of Beyond Zero Emissions, a climate change research organisation. Phil is a Fellow of the Australian Institute of Company Directors and the Australian Society of Certified Practising Accountants. |
Australian Ethical Investment Limited published this content on 31 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 August 2017 23:02:06 UTC.
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