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Building Products
Distribution
Steel
Concrete
Residential and Development
Construction Australia
Formica and Roof Tile Group
Building Products EBIT 2018 $132m 2017 $152m ▼ 13%
Distribution EBIT* 2018 $104m 2017 $104m
Steel EBIT* 2018 $49m 2017 $54m ▼ 9%
Concrete EBIT* 2018 $90m 2017 $113m ▼ 20%
Residential and Development EBIT 2018 $136m 2017 $130m ▲ 5%
Construction EBIT + 2018 $52m 2017 $88m ▼ 41%
Australia EBIT* 2018 $114m 2017 $119m ▼ 4%
Formica and Roof Tile Group EBIT* 2018 $65m 2017 $79m ▼ 18%
* EBIT before significant items + EBIT (excluding B+I) before significant items
Reported operating earnings
Operating earnings (excluding B+I) before significant items 1
Year ended 30 June 2018 NZ$m
Year ended 30 June 2018 NZ$m
Year ended 30 June 2017 NZ$m
Year ended 30 June 2017 NZ$m
Change %
Change %
152 104
(13%)
132 104
152 104
(13%)
Building Products
132 101
(3%)
0%
Distribution
41 73
54
(24%) (35%)
49 90
54
(9%)
Steel
113 130
113 130
(20%)
Concrete
136
5% NM NM NM NM NM NM NM NM 0% NM 41%
136
5%
Residential and Development
(613)
(204) (132)
52
88
(41%)
Construction
65
114
119
(4%)
Australia
8
79
(90%)
65
79
(18%)
Formica and Roof Tile Group
(111)
(31)
(45)
(30)
50% 63%
Corporate
50
8
13
8
Divested businesses
(118) (157) (275)
273
710
817
(13%)
Total
(111)
(157)
(111)
41%
Funding costs
162
553
706
(22%) (23%) (21%)
Earnings/(loss) before tax Tax benefit/(expense) Earnings/(loss) after tax Non-controlling interests
96
(57)
(127)
(164)
(179)
105
426
542
(11)
(11)
(11)
(11)
0%
(190)
94
415
531
(22%)
Net earnings/(loss)
1 Measures (excluding B+I) before significant items are non-GAAP measures used by management to assess the performance of the business and has been derived from Fletcher Building Limited’s financial statements for the year ended 30 June 2018.
19 Fletcher Building Limited Annual Report 2018
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