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Slovar Limited Earnings Release 2019

Aug 19, 2019

17773_rns_2019-08-19_370bd02a-6cca-4939-99d3-39f03d63b664.pdf

Earnings Release

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money3

Money3 Corporation Limited

ABN: 63 117 296 143

Appendix 4E [Rule 4.3A]

Preliminary Final Report

For the year ended 30 June 2019

Results for Announcement to the Market

Key financial information 2019 2018
$'000 $'000
Revenue from continuing operations Up 24.6% to 91,703 73,618
Revenue from discontinued operations¹ 44,679 48,258
Total revenue Up 11.9% to 136,382 121,876
Profit from continuing operations after tax attributable to members Up 14.2% to 24,193 21,183
Profit from discontinued operations after tax attributable to members 5,017 10,845
Net profit for the period attributable to members Down 8.8% to 29,210 32,028

¹Discontinued operations relate to sale of Money3 Branches Pty Ltd (Branch segment) and Money3 Services Pty Ltd (Online segment) in May 2019.

Dividend information Amount per security Franked amount per security at 30% tax
Current period
- Interim dividend 5.00 cents 5.00 cents
- Final dividend 5.00 cents 5.00 cents
Total FY19 dividend 10.00 cents 10.00 cents
Previous corresponding period
- Interim dividend 4.50 cents 4.50 cents
- Final dividend 5.00 cents 5.00 cents
Total FY18 dividend 9.50 cents 9.50 cents
Dividend dates
Record date 24 September 2019
Payment date 22 October 2019

The Company's Dividend Reinvestment Plan ("DRP") will apply to the final 2019 dividend.

Commentary on "Results for Announcements to the Market"

An explanation of the figures above, necessary to enable the figures to be understood, is contained in the attached Annual Report for the year ended 30 June 2019.


A statement of comprehensive income

A statement of comprehensive income together with notes to the statement is contained in the attached Annual Report for the year ended 30 June 2019.

A statement of financial position

A statement of financial position together with notes to the statement is contained in the attached Annual Report for year ended 30 June 2019.

A statement of cash flows

A statement of cash flows together with notes to the statement is contained in the attached Annual Report for the year ended 30 June 2019.

A statement of changes in equity

A statement of changes in equity showing movements is contained in the attached Annual Report for the year ended 30 June 2019.

30 June 19 30 June 18
Net tangible assets per security $1.20 $1.14

Details of entities over which control has been gained or lost during the period.

During the period, control was gained over the following entity: Refer Note 20 in the attached Annual Report.

Name of entity Date control gained Contribution to profit from ordinary activities ($’000)
Finance Investment Group Limited* 12 March 2019 $1,036

*Referred to as Go Car Finance Group in the attached Annual Report for the Year ended 30 June 2019

Name of entity Date control lost Contribution to profit from discontinued operations ($’000)
Money3 Branches Pty Ltd 20 May 2019 $8,429
Money3 Services Pty Ltd 20 May 2019 $2,101

Foreign Entities, Accounting Standards used in compiling the report

Finance Investment Group Limited and its subsidiaries are domiciled in New Zealand. Gained control on 12 March 2019. Refer Note 20 in the attached Annual Report.

A commentary on the results for the period

A commentary, including any significant information needed by an investor to make an informed assessment of the Group's activities and results, is contained in the attached Financial Report for the Year ended 30 June 2019.

Audit of Accounts upon which this report is based and qualification of audit

This Preliminary Financial Report is based on the attached Annual Report for the year ended 30 June 2019 which has been audit by BDO East Coast Partnership. The audit report is attached as part of the Annual Report and is not subject to a modified opinion, emphasis of matter or other matter paragraph.