Tourism Holdings Limited
Interim consolidated financial statements for the six months ended 31 December 2020
For and on behalf of the Board:Rob Campbell Chair of the Board
25 February 2021
Rob Hamilton
Chair of the Audit Committee
Consolidated income statement
For the six months ended 31 December 2020 (Unaudited)
Unaudited 6 months to Dec 2020 | Unaudited 6 months to Dec 2019 | Audited 12 months to Jun 2020 | |
Notes Sales of services Sales of goods | $000's 68,831 136,997 | $000's 148,394 59,058 | $000's 257,437 143,493 |
Total revenue | 205,828 | 207,452 | 400,930 |
Cost of sales | (116,890) | (51,283) | (125,502) |
Gross profit | 88,938 | 156,169 | 275,428 |
Administration expenses Operating expenses Other income(expense), net 2 | (18,030) (75,659) 6,582 | (24,875) (102,015) 1,722 | (44,212) (185,685) 3,080 |
Operating profit before financing costs* | 1,831 | 31,001 | 48,611 |
Finance income Finance expenses | 18 (5,732) | 216 (6,816) | 427 (13,369) |
Net finance costs | (5,714) | (6,600) | (12,942) |
Share of profit/(loss) from associates 9 Share of profit/(loss) from joint ventures 8 | 750 210 | 214 (5,887) | (376) (9,151) |
(Loss)/profit before tax | (2,923) | 18,728 | 26,142 |
Income tax benefit/(expense) 3 | 1,155 | (5,675) | 1,214 |
(Loss)/profit for the period | (1,768) | 13,053 | 27,356 |
(Loss)/profit is attributable to: Equity holders of the Company Non-controlling interests 9 | (1,433) (335) | 13,053 - | 27,356 - |
(1,768) | 13,053 | 27,356 |
12 months to
Jun 2020
$000's
257,437 143,493 400,930 (125,502)
275,428 (44,212)
(185,685)
3,080
48,611 427 (13,369)
(12,942)
(376) (9,151)
26,142 1,214
27,356
27,356
27,356
Earnings per share from (loss)/profit attributable to the equity holders of the Company during the period Basic earnings per share (in cents) Diluted earnings per share (in cents) | (1.0) (1.0) 8.9 18.6 8.6 18.6 |
18.6 18.6
* The consolidated income statement includes one non-GAAP measure (that is, operating profit before financing costs or "EBIT") which is not a defined term in New Zealand International Financial Reporting Standards (NZ IFRS). The Directors and management believe that this non-GAAP financial measure provides useful information to assist readers in understanding the Group's financial performance. This measure should not be viewed in isolation and is intended to supplement the NZ GAAP measures, therefore may not be comparable to similarly titled amounts reported by other companies.
The accompanying notes form part of, and should be read in conjunction with, these financial statements.
Consolidated statement of comprehensive income
For the six months ended 31 December 2020 (Unaudited)
Unaudited 6 months to Dec 2020 | Unaudited 6 months to Dec 2019 | Audited 12 months to Jun 2020 | |
Notes $000's (Loss)/profit for the period | $000's 13,053 | $000's | |
(1,768) 27,356 Other comprehensive income Items that may be reclassified subsequently to profit or loss Foreign currency translation reserve movement (net of tax) 16 (12,581) (617) Cash flow hedge reserve movement (net of tax) 1,699 626 (2,624) (2,212) | |||
Other comprehensive (loss)/ income for the period net of tax | (10,882) | 9 | (4,836) |
Total comprehensive income for the period attributable to equity holders of the Company | (12,650) | 13,062 | 22,520 |
Total comprehensive income for the period is attributable to: Equity holders of the Company Non-controlling interests | (12,315) (335) | 13,062 - | 22,520 - |
(12,650) | 13,062 | 22,520 |
12 months to
Jun 2020
$000's
27,356
(2,624) (2,212)
(4,836)
22,520
22,520
22,520
The accompanying notes form part of, and should be read in conjunction with, these financial statements.
Consolidated statement of changes in equity
For the six months ended 31 December 2020 (Unaudited)
Share capital | Retained earnings | Cash flow hedge reserve | Other reserves | Non- controlling interests | Total equity | ||
Opening balance as at 1 July 2020 Comprehensive income Net profit for the six months ended 31 December 2020 Other comprehensive income Cash flow hedge reserve movement (net of tax) Foreign currency translation reserve movement (net of tax) | Notes 16 | $000's 269,988 - - - | $000's 55,815 (1,433) - - | $000's (6,695) - 1,699 - | $000's 5,991 - - (12,581) | $000's - (335) - - | $000's 325,099 (1,768) 1,699 (12,581) |
Total comprehensive income Transactions with owners Issue of ordinary shares (net of issue costs) Non-controlling interests arising on a business combination Transfer from employee share scheme reserve Employee share scheme reserve | 10 9 | - 78 - - - | (1,433) - - 147 - | 1,699 - - - - | (12,581) - - (147) 1,039 | (335) - (2,020) - - | (12,650) 78 (2,020) - 1,039 |
Total transactions with owners | 78 | 147 | - | 892 | (2,020) | (903) | |
Closing balance as at 31 December 2020 | 270,066 | 54,529 | (4,996) | (5,698) | (2,355) | 311,546 |
Total equity $000's 325,099
(1,768)
1,699
(12,581)
(12,650)
78
(2,020)
1,039 (903)
311,546
The accompanying notes form part of, and should be read in conjunction with, these financial statements.
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THL - Tourism Holding Limited published this content on 26 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2021 19:51:07 UTC.