Five-Year Financial Summary
Consolidated Income Statement
For the year ended 30 June |
2023 |
2022 |
2021 |
2020 |
2019 |
Group Revenue | 71,195 | 77,747 | 85,262 | 82,653 | 85,302 |
Segment revenue (including share of joint ventures and associates) | 83,381 | 88,340 | 97,130 | 93,024 | 97,414 |
Segment operating profit (including share of joint ventures and associates) | 34,689 | 39,010 | 44,176 | 40,781 | 44,388 |
Underlying profit attributable to the Company’s shareholders1 | 23,885 | 28,729 | 29,873 | 29,368 | 32,398 |
Net effect of change in fair value of investment properties | 22 | (3,169) | (3,187) | (5,847) | 12,514 |
Profit attributable to the Company’s shareholders | 23,907 | 25,560 | 26,686 | 23,521 | 44,912 |
Dividends attributable to the Company’s shareholders | 14,344 | 14,344 | 14,344 | 14,344 | 13,617 |
Key Segment Revenue and Operating Profit (including share of joint ventures and associates)
For the year ended 30 June |
2023 |
2022 |
2021 |
2020 |
2019 |
Segment Revenue | |||||
– Property sales | 29,116 | 35,403 | 46,017 | 41,264 | 41,313 |
– Property rental | 24,322 | 24,810 | 24,791 | 24,214 | 25,077 |
– Other businesses | 29,943 | 28,127 | 26,322 | 27,546 | 31,024 |
83,381 | 88,340 | 97,130 | 93,024 | 97,414 | |
Segment operating profit | |||||
– Property sales | 11,299 | 15,847 | 20,994 | 18,377 | 18,697 |
– Property rental | 18,461 | 19,250 | 19,149 | 18,565 | 19,678 |
– Other businesses | 4,929 | 3,913 | 4,033 | 3,839 | 6,013 |
34,689 | 39,010 | 44,176 | 40,781 | 44,388 |
Consolidated Statement of Financial Position
As at 30 June |
2023 |
2022 |
2021 |
2020 |
2019 |
Investment properties | 403,559 | 398,729 | 395,879 | 380,717 | 386,612 |
Property, plant and equipment | 47,168 | 44,955 | 42,921 | 40,825 | 35,862 |
Associates and joint ventures | 101,354 | 101,392 | 101,481 | 78,782 | 73,751 |
Other non-current assets | 11,127 | 12,841 | 13,305 | 13,845 | 12,522 |
Properties for sale | 211,639 | 207,136 | 200,934 | 196,153 | 196,107 |
Bank deposits and cash | 15,280 | 20,323 | 21,781 | 31,705 | 22,038 |
Assets of subsidiaries contracted for sale | - | - | - | 37,584 | - |
Other current assets | 15,864 | 22,191 | 20,118 | 18,220 | 24,270 |
Total assets | 805,991 | 807,567 | 796,419 | 797,831 | 751,162 |
Bank and other borrowings | (125,053) | (124,931) | (116,823) | (112,606) | (95,006) |
Other liabilities | (74,142) | (75,892) | (79,970) | (94,810) | (80,337) |
Net assets | 606,796 | 606,744 | 599,626 | 590,415 | 575,819 |
Share capital | 70,703 | 70,703 | 70,703 | 70,703 | 70,683 |
Reserves | 531,352 | 531,243 | 523,117 | 501,110 | 495,722 |
Shareholders’ equity | 602,055 | 601,946 | 593,820 | 571,813 | 566,405 |
Perpetual capital securities | - | - | - | 3,813 | 3,813 |
Non-controlling interests | 4,741 | 4,798 | 5,806 | 14,789 | 5,601 |
Total equity | 606,796 | 606,744 | 599,626 | 590,415 | 575,819 |
Net debt | 109,773 | 104,608 | 95,042 | 80,901 | 72,968 |
Key Financial Information and Ratios
|
2023 |
2022 |
2021 |
2020 |
2019 |
Per share data | |||||
Reported earnings per share (basic) | 8.25 | 8.82 | 9.21 | 8.12 | 15.50 |
Underlying earnings per share (basic) | 8.24 | 9.91 | 10.31 | 10.13 | 11.18 |
Dividends per share | 4.95 | 4.95 | 4.95 | 4.95 | 4.95 |
Shareholders’ equity per share | 207.80 | 207.70 | 204.90 | 197.30 | 195.50 |
Financial ratios | |||||
Net debt to shareholders’ equity (%) | 18.2 | 17.4 | 16.0 | 14.1 | 12.9 |
Interest cover (times) | 6.8 | 12.8 | 13.8 | 11.8 | 14.6 |
Dividend payout (%)2 | 60.1 | 49.9 | 48.0 | 48.9 | 44.3 |
Notes:
- Underlying profit attributable to the Company’s shareholders excluded the net effect of change in the valuation of investment properties
- Dividend payout based on underlying profit