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MIRVAC GROUP — Interim / Quarterly Report 2022
Feb 9, 2022
65328_rns_2022-02-09_8a7892e3-5cd0-4038-a63f-a3670253be87.pdf
Interim / Quarterly Report
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MIRVAC GROUP
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Appendix 4D
For the half year ended 31 December 2021
(Previous corresponding period 31 December 2020[1] )
Mirvac Group comprises Mirvac Limited (ABN 92 003 280 699) and its controlled entities (including Mirvac Property Trust (ARSN 086 780 645) and its controlled entities).
Results for announcement to the market
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| $m | $m | |||||
| Total revenue and other income | up | 38% | to | 1,654 | 1,196 | |
| Profit for the half year attributable to stapled securityholders | up | 44% | to | 565 | 392 | |
| Operating profit after tax | up | 9% | to | 297 | 273 | |
| Amount per | Franked amount |
|||||
| Distributions | Record date | security | per security | |||
| Interim distribution payable on 28 February 2022 | 31 December 2021 | 5.1 cents | - | |||
| Interim distribution paid on 1 March 2021 | 31 December 2020 | 4.8 cents | - | |||
| Additional Information | ||||||
| Ratios | 2021 | 2020 | ||||
| Profit before income tax / Total revenue and other income | 37.2% | 34.4% | ||||
| Profit for the half year attributable to stapled security holders / Total equity | 5.1% | 3.8% | ||||
| Earnings per stapled security (EPS) | 2021 | 2020 | ||||
| Basic EPS | 14.3 cents | 10.0 cents | ||||
| Diluted EPS2 | 14.3 cents | 10.0 cents | ||||
| Net tangible asset (NTA) backing per ordinary security3 | 2021 | 2020 | ||||
| Excluding EIS securities | $2.76 | $2.58 | ||||
| Including EIS securities | $2.76 | $2.58 |
Results commentary
This document should be read in conjunction with the Mirvac Group 31 December 2021 Interim Report (Interim Report), media release and results presentation released to the Australian Securities Exchange, which also contains commentary on the results. For information regarding the Mirvac Group’s joint ventures and associates and details of entities over which control has been gained or lost during the period, refer to the notes to the Consolidated Financial Statements contained in the Interim Report. The contents of this document are based on the consolidated financial statements of Mirvac Group, which have been reviewed by PricewaterhouseCoopers.
1 Comparative amounts have been restated due to the change in accounting policy in response to the IFRIC agenda decision on Software-as-a-Service arrangements.
2 Diluted EPS includes dilutive potential ordinary securities from security-based payments.
3 NTA excludes intangible assets, right-of-use assets and non-controlling interests.