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RECKON LIMITED — Interim / Quarterly Report 2012
Aug 6, 2012
65708_rns_2012-08-06_bfd105c1-5ef6-425c-936a-8b433e1ff709.pdf
Interim / Quarterly Report
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Appendix 4D
Half Year Ended – 30 June 2012
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Reckon Limited (ACN 003 348 730) results for the half year ended 30 June 2012
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Results for announcement to the market
| 2012 ResultHalf year | 2011 ResultHalf year | % Change | Amount ofChange | |
|---|---|---|---|---|
| GroupRevenue (fromordinaryactivities) | $48.2 million | $46.7 million | 3% | $1.5 million |
| Group EBITDA | $17.1 million | $15.7 million | 8% | $1.4 million |
| Group NPAT | $9.3 million | $8.3 million | 11% | $1.0 million |
| EPS | 7.1 cents pershare | 6.1 cents pershare | 17% | 1.0 cents pershare |
Please refer to the Review of Operations within the Directors’ Report for an explanation of the results.
3. Net tangible assets
The net tangible assets per security as at 30 June 2012 are -0.2 cents per share (December 2011: 3.4 cents per share).
4. Details of entities over which control has been gained or lost during the period
Not applicable.
5. Dividends
The Board has declared an interim dividend of 3.75 cents per share, franked to 90% (2011: interim, 3.5 cents per share). The interim dividend will be paid to shareholders recorded on the Company’s Register as at record date of 22 August 2012 (see following announcement). The dividend is payable on 07 September 2012. The unfranked portion of the dividend is declared to be conduit foreign income. Australian dividend withholding tax is not payable by non-resident shareholders on the unfranked portion of the dividend sourced from conduit foreign income.
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6. Dividend reinvestment plans
Not applicable.
7. Details of associates and joint venture entities
On 11 April 2012 the group acquired a 30% interest in Connect2Field, a company incorporated in Australia and engaged in the development and distribution of a cloud based job management and scheduling application, for consideration of $660,000. All key decisions relating to the company require unanimous agreement of the controlling shareholders, including Reckon Limited. The investment is accounted for using equity accounting principles.
8. Foreign accounting standards
Not applicable.
9. Audit
This report has been reviewed (not audited) by the Company auditors and is not subject to any dispute or qualification.
Clive Rabie
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Director, Group CEO 7 August 2012