AUSTAL LIMITED — Annual Report 2016

Aug 28, 2016

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Austal Limited

Appendix 4E for the year ended 30 June 2016

1. The reporting period is from 1 July 2015 to 30 June 2016. The previous corresponding period is 1 July 2014 to 30 June 2015.

2.	Results for announcement to the market.			$'000
	2.1 Revenue from ordinary activities	down 5.3% to	$	1,339,970
	2.2 Profit (loss) from ordinary activities after tax attributable to members	down 258% to		(84,281)
	2.3 Net profit (loss) for the period attributable to members	down 258% to		(84,281)
	2.4 Dividend distributions
	The directors declared a fully franked interim dividend of 2 cent per share for the 6 months up to 30 December 2015			6,953
	In addition, the Directors declared a fully franked final dividend of 2 cents per share for the full year to 30 June 2016			6,968
	2.5 Record date for determining entitlements to the dividends			14 September 2016
	2.6 Explanation of figures in 2.1 to 2.4 that may be required	Refer to Review of Operations within the Annual Report
3.	Statement of comprehensive income with notes			Refer to Annual Report
4.	Statement of financial position with notes			Refer to Annual Report
5.	Statement of cash flows and notes			Refer to Annual Report
6.	Statement of changes in equity			Refer to Annual Report
7.	Details of dividend or distribution reinvestment plans: As per Appendix 3A.1 lodged 29 August 2016			N/A
8.	Details of dividends or distributions: As per announcement to ASX lodged 29 August 2016			N/A
9.	Net tangible assets per ordinary security
	9.1 Current period ($ / share)		$	1.30
	9.2 Previous corresponding period ($ / share)		$	1.47
10.	Control gained or lost over entities during the period			N/A
11.	Details of associates and joint venture entities			N/A
12.	Other significant information			Refer to Annual Report

1. Accounting standards used by foreign entities

The financial statements of subsidiaries are prepared using consistent accounting policies for the same reporting period as the parent company. The foreign entities including Austal USA prepare their accounts under accounting standards that are equivalent to International Financial Reporting Standards.

1. Commentary on the result

	14.1	Earnings per share
		Current period – basic	$	(0.24)
		Previous corresponding period – basic		0.16
		Current period – diluted		(0.24)
		Previous corresponding period – diluted		0.15
	14.2	Returns to shareholders including distributions and buy backs		17,375
		The directors declared a fully franked interim dividend of 2 cent per share for the 6 months up to 30 December 2015 and		a fully franked final
		dividend of 2 cents per share for the full year to 30 June 2016.
	14.3	Significant features of operating performance		Refer to Annual Report
	14.4	Segment results		Refer to Annual Report
	14.5	Trends in performance		Refer to Annual Report
	14.6	Other factors affecting the results in period or future		Refer to Annual Report
15.	Audit / review of accounts upon which this is based			Audited accounts
16.	Accounts not audited or subject to review			N/A
17.	Qualifications of audit/review			No qualifications

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