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KEYBRIDGE CAPITAL LIMITED — Net Asset Value 2016
Sep 14, 2016
65174_rns_2016-09-14_469f5697-de4b-4b45-8c69-a04750e848ad.pdf
Net Asset Value
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ASX Code: KBC
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ASX ANNOUNCEMENT
15 September 2016
Monthly Net Asset Value (NAV) Per Share – August 2016 Unaudited
| Date | Unaudited NAV per share^ after tax |
|---|---|
| 30 June 2016 | 18.8 cents |
| 31 July2016 | 18.4 cents |
| 31 August 2016 | 18.4 cents |
^ Based on 158,812,237 quoted shares on issue (excludes shares issued under the Executive Share Plan).
As at 31 August 2016, the value of Keybridge Capital Limited’s (“Keybridge”) investments by asset class was as follows:
| Aug | 2016 | Jul 2016 | Jul 2016 | Jun | 2016 | |
|---|---|---|---|---|---|---|
| AUD million |
% of total | AUD million |
% of total | AUD million |
% of total | |
| Cash | 0.9 | 3% | 1.1 | 3% | 1.7 | 5% |
| Listed Equity | 15.4 | 46% | 15.2 | 46% | 15.8 | 46% |
| Private Equity | 6.7 | 20% | 6.7 | 20% | 6.7 | 19% |
| Solar | 6.4 | 19% | 6.3 | 19% | 6.3 | 18% |
| Funds Management* | - | 0% | - | 0% | - | 0% |
| Foundation Life | 3.4 | 10% | 3.3 | 10% | 3.3 | 10% |
| Property | 0.9 | 2% | 0.9 | 2% | 0.9 | 2% |
| 33.7 | 100% | 33.5 | 100% | 34.7 | 100% | |
| Plus: Short Term Assets | 0.4 | 0.4 | 0.4 | |||
| Less: Short Term Liabilities | (0.6) | (0.5) | (1.1) | |||
| Less: CRPN | (4.3) | (4.2) | (4.2) | |||
| Net Assets | 29.2 | 29.2 | 29.8 |
* Keybridge sold its Funds Management business, Aurora Fund Management Limited on 30 June 2016.
Currency Exposure
The breakdown of Keybridge’s net currency exposure, as a percentage of total NAV (Australian Dollar equivalent) is as follows:
| Aug 2016 | Jul 2016 | Jun 2016 | |
|---|---|---|---|
| Net Foreign Currency Assets % of NAV |
Net Foreign Currency Assets % of NAV |
Net Foreign Currency Assets % of NAV |
|
| Australian Dollars | 50% | 50% | 51% |
| Euros | 20% | 20% | 19% |
| US Dollars | 20% | 20% | 20% |
| New Zealand Dollars | 10% | 10% | 10% |
This net foreign currency asset position means that Keybridge incurs translation losses when the Australian Dollar appreciates in value against the US Dollar, Euro and NZ Dollar.
For further information, please contact:
Ian Pamensky
Chief Financial Officer Tel: +61 3 8687 2267 Email: [email protected] www.keybridge.com.au
Keybridge Capital Limited (ASX Code: KBC ) is a financial services company that has invested in the asset classes shown above.
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