NOTES TO THE INTERIM FINANCIAL STATEMENTS
5. CAPITAL COMMITMENTS
31 DEC 2018 $M
31 DEC 2017 $M
30 JUN 2018 $M
Capital expenditure committed to but not provided for at balance date
70.8
75.1
68.0
6. BORROWINGS AND DERIVATIVES
NET DERIVATIVES $M
BORROWINGS $M
Balance at 30 June 2018 Fair value movements: Foreign exchange rates
(60.4)
(2,395.3)
2.1 9.6
(2.2)
Interest rates and other fair value changes
(11.8) (70.0)
Drawdown
– –
Amortised costs
(0.5)
Balance at 31 December 2018 Fair value at 31 December 2018
(48.7) (48.7)
(2,479.8) (2,626.9)
7. FINANCIAL RATIOS
30 JUN 2018 12 MONTHS $M
31 DEC 2017 6 MONTHS $M
31 DEC 2018 6 MONTHS $M
Earnings per share Net profit attributable to owners of the parent Weighted average ordinary shares outstanding during the period (number of shares)
82.6
78.3
148.2
999,911,394
996,852,041 998,370,185
8.3 cents
7.9 cents
14.8 cents
Net tangible assets per share Net assets attributable to owners of the parent
2,433.5 (1,408.4) 1,025.1
2,450.3 (1,399.8) 1,050.5
2,440.4 (1,398.2) 1,042.2
Less total intangible assets Total net tangible assets
Ordinary shares outstanding (number of shares)
999,867,208 102.5 cents
999,913,110 999,913,852 105.1 cents 104.2 cents
31 DEC 2018 $M
31 DEC 2017 $M
30 JUN 2018 $M
Economic net debt to economic net debt plus adjusted equity ratio (“gearing ratio”) Face value of borrowings
2,475.8
2,270.8
2,405.7
Less cash and cash equivalents
(26.5)
(17.9)
(27.9)
Economic net debt
2,449.3 2,451.1
2,252.9 2,468.1
2,377.8 2,457.9
Total equity
Adjusted for hedge reserves
41.6
44.8
40.1
Adjusted equity
2,492.7 4,942.0
2,512.9 4,765.8
2,498.0 4,875.8
Economic net debt plus adjusted equity
49.6%
47.3%
48.8%
44
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