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EXCELSIOR CAPITAL LTD — Net Asset Value 2024
Jul 11, 2024
64816_rns_2024-07-11_d77449a8-0fa7-4f25-96dc-e1caf05cf3f8.pdf
Net Asset Value
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Excelsior Capital Limited ABN 98 050 542 553
Level 29, Chifley Tower, 2 Chifley Square Sydney, NSW, 2000
Telephone: (02) 9216 9043
Email: [email protected]
12 July 2024
ASX ANNOUNCEMENT
Excelsior Capital Limited (ASX: ECL)
Reported Net Tangible Asset (NTA) backing per share and Investment Holdings Quarterly Update as at 30 June 2024
| Net tangible asset per share: | Cents | |
|---|---|---|
| As at 30 June 2024 | ||
| NTA before all taxes1 | 418.78 | |
| NTA after providing for all taxes2 | 402.83 |
-
The calculation of the NTA backing per share (before all taxes) is an estimate based on ECL’s unaudited Financial Reports as at 30 June 2024. This number is after all costs including the final costs for the completion of the sale of CMI Operations Pty Ltd (CMI) to IPD Group Limited, (ASX:IPG).
- ECL may also be entitled to a further deferred sale consideration amount under the earn-out agreement as part of the sale of CMI, however no amount has been accrued in the accounts of ECL as the final amount will not be known until audited results are known.
-
Company provides the NTA after providing for estimated income tax, unrealised gains / losses and capital gains tax (CGT) in respect to the sale of CMI. Final CGT liability will be able to be calculated post 30 June 2024 and once final audited results are available.
Investment Portfolio Categories as at 30 June 2024
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Notes:
Categories are shown above as a percentage of total investment portfolio and are un-audited. Due to rounding, numbers presented in the chart above and throughout this document may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
1. Other includes accruals and provisions for income tax, deferred taxes and capital gains tax.
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Summary of Reported Net Tangible Assets of Investment Portfolio
as at 30 June 2024
| Investment PorfolioUnlisted equity sharesAlternative Assets Managed Investment FundsInterest Rate SecuritiesListed equity sharesProperty TrustCash and depositsOther¹ | Jun'24Jun'23$'000$'000 |
|---|---|
| 57528023,2794,1586,339284-231609790,55117,830(4,106)311 | |
| Investment Porfolio Net Tangible Assets (after all taxes)Electrical DivisionElectrical Division Net Tangible Assets² | 116,79822,983-31,447 |
| Total Net Tangible Assets (after all taxes) | 116,79854,430 |
1. Includes accruals, income tax, deferred taxes on unrealised gains/losses and CGT provisions.
- 2.CMI Electrical was sold to IPD Group at 31 January 2024.
NTA values above for Portfolio Investment includes un-audited amounts and estimates and are subject to external review.
This announcement has been authorised for release to the ASX by the Board.
For further information, please contact:
Danny Herceg Chairman +61 (02) 9216 9043
Disclaimer:
This announcement has been prepared as general information only and it not intended to provide financial advice or take into account your objectives, financial situation or needs. You should consider any decision to invest with a financial adviser, whether the information is suitable for your circumstances before making any investment decisions. Past performance is no guarantee of future results.
About Excelsior (ASX: ECL): Excelsior or ECL is a Listed Investment Entity, originally established in 1991, and listed on the ASX in 1993. Excelsior Capital Limited’s listed investment company (LIC) and manages an investment portfolio.
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