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CLEARVIEW WEALTH LIMITED — Net Asset Value 2008
Sep 11, 2008
64733_rns_2008-09-11_769c0695-0bae-45dd-9576-317f50e3165a.pdf
Net Asset Value
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COMPANY ANNOUNCEMENT
Date: September 12, 2008
31 August 2008 Net Tangible Asset (NTA) Statement
.
| 31 July | 31 | August | ||
|---|---|---|---|---|
| 2008 | 2008 | |||
| $m | $m | |||
| Investment category | ||||
| Listed securities and unit trusts | 58 | 33% | 55 | 31% |
| Fixed interest and cash | 118 | 67% | 121 | 69% |
| Total investment assets | 176 | 100% | 176 | 100% |
| MMA share price - cents | 58.5 | 62 |
|---|---|---|
| NTA per share before tax - cents1 | 71.7 | 71.8 |
| NTA per share after tax - cents2 | 75.0 | 75.2 |
| Premium (Discount) to NTA after tax % | (22.0) | (17.5) |
The NTA per share after tax is higher than the NTA before tax because MMA is recognising a deferred tax asset of $7.2m on the unrealised losses on its listed securities and unit trusts and income tax losses of $1.1m. The calculations per share are based on shares issued of 245,105,645. The shares issued under the employee share scheme are excluded from this amount.
1 Unaudited, and excludes deferred tax asset on unrealised losses and carried forward income tax losses.
2 Unaudited, and after provision for all taxes and including deferred tax asset on unrealised losses and carried forward income tax losses.
For further information please contact:
Brian Wright Company Secretary MMC Contrarian Limited (+612) 9224 0700