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Trend Statement
JUNE 2018
JUNE 2017
JUNE 2016
JUNE 2015
JUNE 2014
JUNE 2013
JUNE 2012
JUNE 2011
JUNE 2010
JUNE 2009
NOTES
2
1
NZ$M
NZ$M NZ$M NZ$M NZ$M NZ$M NZ$M NZ$M NZ$M NZ$M
Financial performance Operating sales/revenue Earnings before interest and taxation (EBIT)
9,471
9,399 9,004 8,661 8,401 8,517 8,839 7,416 6,799 7,103
(118) (190)
273 719 503 592 569 403 492 521 159 94 462 270 339 326 185 283 272 (46) 243 660 575 489 559 448 402 522 533
Net earnings
396
Cash flow from operations
Earnings per share – basic (cents per share) Dividends for the period (cents per share) Return on average funds (%) 3 Return on average equity (%) 4 Financial performance – before significant items Earnings before interest and taxation (EBIT) Earnings per share – basic (cents per share) Return on average funds – before significant items (%) 3 Return on average equity – before significant items (%) 4 Net earnings
(25.5)
13.5 67.0 39.2 49.3 47.6 27.2 45.0 44.9 (8.7)
0 39.0 39.0 37.0 36.0 34.0 34.0 33.0 29.0 38.0
(2.2) (5.2)
4.9 13.4 2.5 12.4
9.6 11.7 10.8
7.4 10.6 12.7
3.4
7.7
9.9
9.4
5.2
8.2
9.1 (1.6)
50
525 682 653 624 569 556 596 521 558 321 418 399 362 326 317 359 301 314
(60)
(8.1)
46.3 60.6 58.0 52.7 47.6 46.5 57.1 49.7 59.7
0.9
9.4 12.7 12.5 12.3 10.8 10.2 12.8 12.7 11.9
(1.7)
8.7 11.6 11.3 10.5
9.4
9.0 10.4 10.0 10.8
Balance sheet Current assets
4,120 4,412 8,532 2,480 1,910 4,390
3,419 3,222 3,272 2,958 2,868 3,112 3,104 2,317 2,255 4,254 4,045 4,229 3,983 4,257 4,367 4,388 3,397 3,550 7,673 7,267 7,501 6,941 7,125 7,479 7,492 5,714 5,805 1,996 1,997 1,947 1,596 1,557 1,936 1,700 1,384 1,313 2,097 1,557 1,844 1,891 2,014 2,091 2,092 1,307 1,508 4,093 3,554 3,791 3,487 3,571 4,027 3,792 2,691 2,821
Non-current assets
Total assets
Current liabilities
Non-current liabilities
Total liabilities
3,425
Capital
2,678 2,650 2,633 2,624 2,606 2,582 2,553 1,912 1,895 878 1,041 1,050 795 913 838 1,113 1,077 1,057
693
Reserves
24
Minority equity
24
22
27
35
35
32
34
34
32
4,142 8,532
Total equity
3,580 3,713 3,710 3,454 3,554 3,452 3,700 3,023 2,984 7,673 7,267 7,501 6,941 7,125 7,479 7,492 5,714 5,805
Total liabilities and equity
Other financial data Total shareholders return (%) 5 Net tangible assets per share ($)
(6)
0
11
(3)
9
51
(27)
14
24
14
2.85 23.5
2.70 2.87 2.80 2.60 2.61 2.65 2.71 2.90 2.80 35.3 27.3 31.8 32.3 33.5 37.4 34.3 26.8 31.1
Gearing (%) 6 Leverage (%) 7
4.8
2.7
1.6
2.0
2.0
2.3
2.6
2.4
1.5
1.8
1 The Crane group was acquired with an effective acquisition date of 28 March 2011. 2 The June 2012 balance sheet has been restated following revisions to IAS 19 Employee Benefits adopted by the group. 3 EBIT to average funds (net debt and equity less deferred tax asset).
4 Net earnings to average shareholders' funds. 5 Share price movement in year and gross dividend received, to opening share price. 6 Net debt (borrowings less cash and deposits) to net debt and equity. 7 Net debt to EBITDA
52 Fletcher Building Limited Annual Report 2018
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