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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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