EBOS : Interim Report

For personal use only

EBOS GROUP LIMITED

INTERIM REPORT

FOR THE SIX MONTHS

ENDED 31 DECEMBER 2021

EBOS GROUP LIMITED

INTERIM REPORT 2022

onlyCONTENTS

Summary of Consolidated Financial Highlights

Shareholder Calendar

useAuditor's Independent Review Report

Condensed Consolidated Income Statement

Condensed Consolidated Statement of Comprehensive Income

personalCondensed Consolidated Statement of Changes in Equity Condensed Consolidated Balance Sheet

Condensed Consolidated Cash Flow Statement

Notes to the Condensed Consolidated Interim Financial Statements

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EBOS GROUP LIMITED

INTERIM REPORT 2022

SUMMARY OF CONSOLIDATED FINANCIAL HIGHLIGHTS

only		Six months	Six months	Year ended
		31 Dec 21	31 Dec 20	30 Jun 21
		A$'000	A$'000	A$'000
		(unaudited)	(unaudited)	(audited)
	Revenue	5,250,860	4,653,298	9,202,886
	Profit before depreciation, amortisation, net finance costs and tax
	expense (EBITDA)	199,881	182,219	363,297
use	161,313	145,910	290,652
	Profit before net finance costs and tax expense (EBIT)
	Profit before tax expense	147,513	131,859	263,019
	Profit for the period	101,992	92,969	184,049
	Profit for the period attributable to owners of the Company	101,866	92,865	185,297
	Equity attributable to owners of the Company	2,078,208	1,380,890	1,411,024
personal	61.4c	56.9c	113.2c
	Earnings per share
	Interim dividend per share (New Zealand dollars)	47.0c	42.5c	42.5c

SHAREHOLDER CALENDAR

Interim dividend record date	4 March 2022
Interim dividend payable	18 March 2022
Release of 2022 full year results	17 August 2022
Annual General Meeting	18 October 2022
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Independent Auditor's Review Report

To The Shareholders Of EBOS Group Limited

Conclusion

We have reviewed the condensed consolidated interim financial statements ('interim financial statements') of EBOS Group Limited and its subsidiaries ('the Group') which comprise the condensed consolidated balance sheet as at 31 December 2021, and the condensed

onlyconsolidated income statement, condensed consolidated statement of comprehensive income, condensed consolidated statement of changes in equity and condensed consolidated cash flow statement for the six months ended on that date, and a summary of significant accounting policies and other explanatory information on pages 3 to 19.

Based on our review, nothing has come to our attention that causes us to believe that the condensed consolidated interim financial statements of the Group do not present fairly, in all material respects, the financial position of the Group as at 31 December 2021 and its financial performance and cash flows for the six months ended on that date in accordance with NZ IAS 34 Interim Financial Reporting and IAS 34 Interim Financial Reporting.

Basis for Conclusion

We conducted our review in accordance with NZ SRE 2410 (Revised) Review of Financial Statements Performed by the Independent Auditor useof the Entity ('NZ SRE 2410 (Revised)'). Our responsibilities are further described in the Auditor's Responsibilities for the Review of the

Interim Financial Statements section of our report.

We are independent of the Group in accordance with the relevant ethical requirements in New Zealand relating to the audit of the annual financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

Our firm carries out other assignments for the Group in the area of taxation compliance services. These services have not impaired our independence as auditor of the Company. In addition to this, partners and employees of our firm deal with the Group on normal terms within the ordinary course of trading activities of the business of the Group. The firm has no other relationship with, or interest in, the Group.

personalDirectors' responsibilities for the interim financial statements

The directors are responsible on behalf of the Company for the preparation and fair presentation of the interim financial statements in accordance with NZ IAS 34 Interim Financial Reporting and IAS 34 Interim Financial Reporting and for such internal control as the directors determine is necessary to enable the preparation and fair presentation of the condensed consolidated interim financial statements that are free from material misstatement, whether due to fraud or error.

Auditor's responsibilities for the review of the interim financial statements

Our responsibility is to express a conclusion on the interim financial statements based on our review. NZ SRE 2410 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the condensed consolidated interim financial tatements, taken as a whole, are not prepared, in all material respects, in accordance with NZ IAS 34 Interim Financial Reporting and IAS 34 Interim Financial Reporting.

A review of the condensed consolidated interim financial statements in accordance with NZ SRE 2410 (Revised) is a limited assurance ngagement. We perform procedures, primarily consisting of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (New Zealand) and consequently does not enable us to obtain assurance that we might identify in an audit. Accordingly we do not express an audit opinion on the condensed consolidated interim financial statements.

Restriction on use

ForThis report is made solely to the company's shareholders, as a body. Our review has been undertaken so that we might state to the company's shareholders those matters we are required to state to them in a review report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company's shareholders as a body, for our engagement, for this report, or for the conclusions we have formed.

Mike Hawken, Partner for Deloitte Limited Christchurch, New Zealand 15 February 2022

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EBOS GROUP LIMITED

CONDENSED CONSOLIDATED INCOME STATEMENT

For the six months ended 31 December 2021

only			Six months		Six months		Year ended
		31 Dec 21		31 Dec 20		30 Jun 21
					A$'000		A$'000		A$'000
			Notes		(unaudited)		(unaudited)		(audited)
		Revenue	2(a)	5,250,860	4,653,298	9,202,886
		Income from associates		4,088	2,855	7,071
		Profit before depreciation, amortisation, net finance
		costs and tax expense (EBITDA)		199,881	182,219	363,297
use	2(b)	(32,199)	(30,262)	(60,544)
		Depreciation
		Amortisation of finite life intangibles	2(b)	(6,369)	(6,047)	(12,101)
		Profit before net finance costs and tax expense (EBIT)		161,313	145,910	290,652
		Finance income		758	292	713
		Finance costs - borrowings		(10,416)	(10,456)	(20,641)
		Finance costs - leases		(4,142)	(3,887)	(7,705)
personalFor	Profit before tax expense		147,513	131,859	263,019
Income tax expense			(45,521)		(38,890)		(78,970)
Profit for the period		101,992	92,969	184,049
		Profit for the period attributable to:
		Owners of the Company		101,866	92,865	185,297
		Non-controlling interests			126		104		(1,248)
				101,992	92,969	184,049
		Earnings per share
		Basic (cents per share)		61.4	56.9	113.2
		Diluted (cents per share)		61.4	56.9	113.2

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