Credt Corp Group UnitedABN33 092 697 151
A PPENDIX 4E A ND CONSOLIDAT ED
FINA NCIA L STAT EMENTS
FOR THE YEAR ENDED 30 JUNE 2017
CONTENTS
3 Appendix 4E Preliminary final report
6 Corporate governance statement
12 Directors' report
17 Directors' report - audited remuneration report
Auditor's independence declaration
Consolidated statement of profit or loss and other comprehensive income
Consolidated statement of financial position
Consolidated statement of changes in equity
Consolidated statement of cash flows
Notes to the consolidated financial statements
31 | 1 | Corporate information |
31 | 2 | Basis of preparation |
32 | 3 | Revenue |
32 | 4 | Income tax |
34 | 5 | Earnings per share |
35 | 6 | Dividends paid and proposed |
35 | 7 | Auditor's remuneration |
35 | 8 | Cash and cash equivalents |
36 | 9 | Trade and other receivables |
36 | 10 | Consumer loans receivables |
37 | 11 | Purchased debt ledgers |
37 | 12 | Other assets |
37 | 13 | Property, plant and equipment |
38 | 14 | Intangible assets |
39 | 15 | Trade and other payables |
39 | 16 | Provisions |
40 | 17 | Borrowings |
40 | 18 | Cash flow information |
41 | 19 | Issued capital |
42 | 20 | Capital management |
42 | 21 | Reserves |
42 | 22 | Acquisition of subsidiary |
43 | 23 | Subsidiaries |
43 | 24 | Operating segments |
45 | 25 | Contingent liabilities |
45 | 26 | Leasing commitments |
45 | 27 | Capital commitments |
45 | 28 | Subsequent events |
45 | 29 | Key management personnel compensation |
46 | 30 | Related party transactions |
46 | 31 | Share-based payments |
47 | 32 | Financial risk management |
50 | 33 | Cross guarantee |
52 | 34 | Parent entity information |
53 | 35 | Other significant accounting policies |
53 | 36 | New standards and interpretations not yet adopted |
Directors' declaration
Independent auditor's report
Five-year financial summary
Corporate directory
APPENDIX 4E PRELIMINARY FINAL REPORT
For the year ended 30 June 2017
-
Details of the reporting period and the previous corresponding period
Current period: 1 July 2016 to 30 June 2017
Prior corresponding period: 1 July 2015 to 30 June 2016
- Results for announcement to the market
Key information | $'000 | $'000 | % | |
2.1 | Revenue | 265,947 | 226,742 | 17% |
2.2 | Profit from ordinary activities after tax attributable to members | 55,158 | 45,921 | 20% |
2.3 | Profit attributable to members of the Group | 55,158 | 45,921 | 20% |
Amount | Franked amount | |||
2.4 | Dividends per ordinary share | per security | per security | |
Interim 2017 ordinary | 27.0 cents | 100% | ||
Final 2017 ordinary (declared, not yet provided at 30 June 2017) | 31.0 cents | 100% |
Record date for determining entitlement to the final dividend: The record date for the final dividend is 8 November 2017.
Commentary:
Please refer to the 2017 Media Release and the Consolidated Financial Statements - 30 June 2017 for further explanation of the figures presented at 2.1 - 2.4 above.
3. | Statement of comprehensive income Please refer to the Consolidated Financial Statements - 30 June 2017. | ||
4. | Statement of financial position | ||
Please refer to the Consolidated Financial Statements - 30 June 2017. | |||
5. | Statement of cash flows | ||
Please refer to the Consolidated Financial Statements - 30 June 2017. | |||
6. | Statement of changes in equity | ||
Please refer to the Consolidated Financial Statements - 30 June 2017. | |||
7. | Dividend details | ||
Key information | Cents per share | Total $'000 | Date of payment |
Ordinary share capital | |||
Year ended 30 June 2017 | |||
Interim 2017 ordinary | 27.0 | 12,785 | 24 Mar 2017 |
Final 2016 ordinary | 27.0 | 12,687 | 28 Oct 2016 |
Total | 25,472 | ||
Year ended 30 June 2016 | |||
Interim 2016 ordinary | 23.0 | 10,752 | 24 Mar 2016 |
Final 2015 ordinary | 22.0 | 10,233 | 30 Oct 2015 |
Total | 20,985 |
All the dividends were fully franked.
There is no provision for the final dividend in respect of the year ended 30 June 2017. Provisions for dividends to be paid by Credit Corp Group Limited and its subsidiaries (collectively, the Group) are recognised in the statement of financial position as a liability and a reduction in retained earnings when the dividend has been declared.
-
Dividend or distribution reinvestment plan details
The Group did not make a dividend reinvestment plan (DRP) offer in the 2017 financial year.
-
Net tangible assets (NTA) per ordinary share
30 June 2017 30 June 2016
3Security
cents
cents
NTA per ordinary share
521.5
453.9
APPENDIX 4E PRELIMINARY FINAL REPORT
For the year ended 30 June 2017
-
Control gained or lost over entities in the financial year
Receivables management company National Credit Management Limited and its associated entities (NCML), was acquired from Thorn Group Limited on 13 September 2016.
-
Investments in associates and joint ventures
No investments in associates and joint ventures are held by the Group.
-
Other significant information
Please refer to the 2017 Media Release, 2017 Results Presentation and the Consolidated Financial Statements - 30 June 2017.
-
Foreign entities, applicable accounting standards used
Not applicable as Credit Corp Group Limited is not a foreign entity.
-
Commentary on the results for the financial year
Please refer to the 2017 Media Release, 2017 Results Presentation and the Consolidated Financial Statements - 30 June 2017.
- Statement as to whether the financial statements have been audited
The financial statements have been audited. The audit opinion is unqualified.
4Credit Corp Group Limited published this content on 01 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 July 2017 23:05:25 UTC.
Original documenthttps://www.creditcorp.com.au/media/1397/appendix-4e-and-consolidated-financial-statements.pdf
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