AI assistant
Slovar Limited — Earnings Release 2019
Aug 19, 2019
17773_rns_2019-08-19_370bd02a-6cca-4939-99d3-39f03d63b664.pdf
Earnings Release
Open in viewerOpens in your device viewer
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.