FLE122 Annual Report 2018

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Financial Statements 2018

Consolidated income statement For the year ended 30 June 2018

Year ended June 2018 NZ$M

Year ended June 2017 NZ$M

NOTES

9,471

Sales

9,399

(7,775)

Cost of goods sold

(7,319)

1,696

Gross margin

2,080

(927) (717)

Selling and marketing expenses

(903) (680)

Administration expenses

25

26

Share of profits of associates and joint ventures

20

5 4

(28)

Other gains and losses

8

(168) (118) (157) (275)

Significant items

(252)

Earnings before interest and taxation (EBIT)

273

14

Funding costs

(111)

Earnings/(loss) before taxation Taxation benefit/(expense) Earnings/(loss) after taxation

162

28

96

(57)

(179)

105

(11)

Earnings attributable to non-controlling interests Net earnings/(loss) attributable to the shareholders

(11)

(190)

94

6

Net earnings/(loss) per share (cents)

(25.5) (25.5)

Basic

13.5 13.5

Diluted

6

Weighted average number of shares outstanding (millions of shares)

745 745

Basic

694 694

Diluted

7

0.0

Dividends declared per share (cents)

39.0

On behalf of the board, 22 August 2018

Sir Ralph Norris

Bruce Hassall

Chairman

Director

The accompanying notes form part of and are to be read in conjunction with these financial statements.

53 Fletcher Building Limited Annual Report 2018

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