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IMDEX LIMITED — Annual Report 2008
Aug 17, 2008
65119_rns_2008-08-17_9e3e34b8-9cc4-4b45-a821-4a536a2e35f1.pdf
Annual Report
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IMDEX LIMITED ABN 78 008 947 813
RESULTS COMMENTARY AND APPENDIX 4E PRELIMINARY FINAL REPORT
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2008
This Preliminary Final Report is provided to the Australian Stock Exchange (ASX) under ASX Listing Rule 4.3A. Current Reporting Period: Financial Year ended 30 June 2008 Previous Corresponding Period: onding Period: Period: Financial Year ended 30 June 2007
Current Reporting Period: Previous Corresponding Period:
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Imdex Limited ASX Appendix 4E 30 June 2008
Results for Announcement to the Market For the Financial Year Ended 30 June 2008
Revenue and Net Profit/(Loss)
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Change Amount
Note Movement % $’000
Revenue from ordinary activities 1 up / down 25% 148,593
Profit from ordinary activities after 2 up / down 73% 22,082
tax attributable to members
Net profit attributable to members 2 up / down 73% 22,082
Dividends (Distributions)
Franked
Amount per amount per
security security
Final dividend 2.25 ¢ 2.25 ¢
Interim dividend 1.75 ¢ 1.75 ¢
Record date for determining entitlements to the dividend:
• final dividend
17 October 2008
• interim dividend
7 March 2008
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Brief Explanation of Revenue, Net Profit/(Loss) and Dividends (Distributions)
See Financial Report
Note 1 - includes revenue from continued and discontinued operations and excludes interest income Note 2 - includes profit from continued and discontinued operations and excludes profit on sale of Surtron
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Imdex Limited ASX Appendix 4E 30 June 2008
1. Basis of Preparation
This Preliminary Final Report has been prepared in accordance with ASX Listing Rule 4.3A and the disclosure requirements of ASX Appendix 4E.
The accounting policies adopted in the preparation of the Financial Report are consistent with those adopted and disclosed in the Financial Report for the half-year ended 31 December 2007.
Details of changes in accounting policies:
Nil
2. Details Relating to Dividends (Distributions)
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Amount per
security of
Amount per
Date dividend foreign
security
payable sourced
¢
dividend
¢
Final dividend 2008 31 October 2008 2.25 ¢ -
2007 2 November 2007 1.50 ¢ -
Interim dividend 2008 25 March 2008 1.75 ¢ -
2007 26 March 2007 1.00 ¢ -
Total 2008 n/a 4.00 ¢ -
2007 n/a 2.50 ¢ -
Total dividend (distribution) per security (interim plus final)
2008 2007
¢ ¢
Ordinary securities 4.0 ¢ 2.5 ¢
Interim and final dividend (distribution) on all securities
2008 2007
$’000 $’000
Ordinary securities 4.0 ¢ 2.5 ¢
Total 4.0 ¢ 2.5 ¢
Any other disclosures in relation to dividends (distributions).
N/A
Dividend Reinvestment Plans
The dividend or distribution plans shown below are in operation.
There are no dividend plans in operation.
The last date(s) for receipt of election notices for the dividend or n/a
distribution plans
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Imdex Limited ASX Appendix 4E 30 June 2008
3. Net Tangible Assets per Security
2008 2007 cents Cents Net tangible assets per security 14.02 7.69
4. Details of Entities Over Which Control Has Been Gained or Lost
Control gained over entities
| Control gained over entities | |||
|---|---|---|---|
| Contribution of the controlled | |||
| entity (or group of entities) to | Net profit/(loss) of the | ||
| profit/(loss) from ordinary | controlled entity (or group of | ||
| activities during the period, | entities) for the whole of the | ||
| Name of entity (or group of | from the date of gaining | previous corresponding | |
| entities) | Date control gained | control. | period. |
| $ 000’s | $ 000’s | ||
| 2008 | |||
| Poly-Drill Drilling Systems Ltd | 1 July 2007 | 305 | - |
| Suay Energy Services LLP | 1 July 2007 | 145 | - |
| Imdex South America S.A. | 1 November 2007 | (230) | - |
| Southernland S.A. | 1 November 2007 | 446 | - |
| System Entwicklungs GmbH | 1 January 2008 | 288 | - |
| 2007 | |||
| Chardec Technology Ltd | 1 August 2006 | 2,404 | |
| Reflex Group of Companies | 1 August 2006 | 1,775 | |
| Flexit Group of Companies | 1 May 2007 | (40) | |
| Nudge Geotechnical | |||
| Instrumentation Inc | 1 May 2007 | - |
Loss of control of entities
Name of entity (or group of entities) Surtron Technologies business comprising Surtron Technologies Pty Ltd, Surtron Technologies UK Ltd and Surtron Technologies US Inc. Date control lost 31 October 2007
Name of entity (or group of entities)
| Contribution of the controlled entity (or group of entities) to profit/(loss) from ordinary activities during the period, to the date of losing control.(net profit after income taxes) Contribution of the controlled entity (or group of entities) to profit/(loss) from ordinary activities for the whole of the previous corresponding period.(net profit after income taxes) |
2008 $’000 1,001 |
|---|---|
| 2007 $’000 1,568 |
5. Details of Associates
| 5. Details of Associates | ||||
|---|---|---|---|---|
| Ownership Interest | Contribution to net profit | |||
| 2008 | 2007 | 2008 | 2007 | |
| Name of Entity | % | % | $’000 | $’000 |
| n/a |
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Imdex Limited ASX Appendix 4E 30 June 2008
6. Other Significant Information
As per the Financial Report
7. Information on Audit or Review
This preliminary final report is based on accounts to which one of the following applies.
� The accounts have been audited. � The accounts have been subject to review. � The accounts are in the process of being � The accounts have not yet been audited or audited or subject to review. reviewed.
Description of likely dispute or qualification if the accounts have not yet been audited or subject to review or are in the process of being audited or subjected to review.
N/A
Description of dispute or qualification if the accounts have been audited or subjected to review.
N/A
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