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SUNCORP GROUP LIMITED — Earnings Release 2019
Aug 6, 2019
65879_rns_2019-08-06_ba22d8b9-f106-42b2-a797-18810b286adf.pdf
Earnings Release
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SUNCORP GROUP LIMITED APPENDIX 4E
1
SUNCORP GROUP LIMITED ABN 66 145 290 124
Appendix 4E Preliminary final report For the financial year ended 30 June 2019
The ASX Appendix 4E of Suncorp Group Limited and subsidiaries (the Suncorp Group ) for the financial year ended 30 June 2019 is filed with the Australian Securities Exchange ( ASX ) under ASX Listing Rule 4.3A. It should be read in conjunction with the Suncorp Group Limited Directors’ Report and Financial Statements 2018-19, 2019 Investor Pack, and all other information concerning the Suncorp Group filed with the ASX. Information presented for the previous corresponding period is for the financial year ended 30 June 2018 (unless otherwise stated). (Rule 4.3A.Item 1)
Results for announcement to the market
| Results for announcement to the market | |||
|---|---|---|---|
| Increase / | To | ||
| Comparison to previous corresponding period | Decrease | % | $M |
| Revenue from ordinary activities1 | Increase | 9.65 | 15,560 |
| Net profit from ordinary activities after tax attributable to owners of the Company2 | Increase | 10.46 | 1,056 |
| Net profit for the period attributable to owners of the Company | Decrease | 83.47 | 175 |
1 Revenue from ordinary activities discloses revenue from continuing operations.
2 Net profit from ordinary activities after tax discloses the profit from continuing operations.
Refer to the Suncorp Group Limited Directors' Report and Financial Statements 2018-19 and the 2019 Investor Pack for commentary on the above results.
| Franked | |||
|---|---|---|---|
| Amount per | amount | ||
| Final and interim dividends per security | Paid or payable on | share | per share |
| Ordinary Shares (SUN) | |||
| 2019 Interim ordinary dividend – paid | 2 April 2019 | 26 cents | 26 cents |
| 2019 Special dividend – paid | 3 May 2019 | 8 cents | 8 cents |
| 2019 Final ordinary dividend – payable | 25 September 2019 | 44 cents | 44 cents |
| Convertible Preference Shares (SUNPE) | |||
| 18 June 2018 to 16 September 2018 – paid | 17 September 2018 | $0.9530 | $0.9530 |
| 17 September 2018 to 16 December 2018 – paid | 17 December 2018 | $0.9290 | $0.9290 |
| 17 December 2018 to 17 March 2019 – paid | 18 March 2019 | $0.9459 | $0.9459 |
| 18 March 2019 to 16 June 2019 – paid | 17 Jun 2019 | $0.9136 | $0.9136 |
| 17 June 2019 to 16 September 2019 – payable | 17 September 2019 | $0.8293 | $0.8293 |
SUNCORP GROUP LIMITED APPENDIX 4E
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Results for announcement to the market (continued)
There is no attributed conduit income.
The record dates for determining entitlements to the SUN 2019 final dividends is 15 August 2019, and for SUNPE dividends payable on 17 September 2019 is 3 September 2019.
SUN shareholders will be able to participate in the Company’s Dividend Reinvestment Plan in respect of the 2019 final ordinary dividends. The last date for receipt of an election notice is 16 August 2019.
Details of associates and joint ventures
| Associate / joint venture | 30 June 2019 | 30 June 2018 |
|---|---|---|
| RACT Insurance Pty Ltd NTI Limited AA Life Services Ltd AA Home Limited AA Finance Limited |
Holdings % Profit contribution $ 50 Not material 50 Not material 50 Not material 50 Not material 50 Not material |
Holdings % Profit contribution $ |
| 50 Not material 50 Not material 50 Not material 50 Not material - - |
The profit contribution from any one of these joint ventures or associates is not material to the Suncorp Group’s profit for the period or the previous corresponding period.
SUNCORP GROUP LIMITED APPENDIX 4E
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ASX Appendix 4E disclosures index
| Description of disclosure | Rule 4.3A item | Cross reference |
|---|---|---|
| Details of the reporting period and the | 1 | Refer to above |
| previous corresponding period | ||
| Results for announcement to the market | 2 | Refer to 'Results for announcement to the |
| market' above | ||
| Statement of comprehensive income | 3 | Suncorp Group Limited Directors’ Report and |
| and notes to the statement | Financial Statements 2018-19: Consolidated | |
| statement of comprehensive income for financial | ||
| year ended 30 June 2019 and notes | ||
| Statement of financial position and notes | 4 | Suncorp Group Limited Directors’ Report and |
| to the statement | Financial Statements 2018-19: Consolidated | |
| statement of financial position as at 30 June | ||
| 2019 and notes | ||
| Statement of cash flows with notes to | 5 | Suncorp Group Limited Directors’ Report and |
| the statement | Financial Statements 2018-19: Consolidated | |
| statement of cash flows for financial year ended | ||
| 30 June 2019 and notes | ||
| Statement of changes in equity with | 6 | Suncorp Group Limited Directors’ Report and |
| notes to the statement | Financial Statements 2018-19: Consolidated | |
| statement of changes in equity for financial year | ||
| ended 30 June 2019 and notes | ||
| Details of the individual and total | 7 | Refer to 'Results for announcement to the |
| dividends or distributions and dividend | market' above | |
| or distribution payments | ||
| Details of any dividend or distribution | 8 | Refer to ‘Results for announcement to the |
| reinvestment plans in operation and the | market’ above | |
| last date for receipt of an election notice | ||
| for participation in any dividend or | ||
| distribution reinvestment plan | ||
| Net tangible assets per security | 9 | 2019 Investor Pack: Section 1.3 - Group ratios |
| and statistics | ||
| (Shareholder summary: Net tangible asset | ||
| backing per share) | ||
| Entities over which control has been | 10 | Suncorp Group Limited Directors’ Report and |
| gained or lost during the period | Financial Statements 2018-19: Note 33 Parent | |
| entity and composition of the Suncorp Group | ||
| Details of associates and joint ventures | 11 | Refer to 'Details of associates and joint ventures' |
| above | ||
| Any other significant information needed | 12 | Suncorp Group Limited Directors’ Report and |
| by an investor to make an informed | Financial Statements 2018-19, 2019 Investor | |
| assessment of the entity’s financial | Pack, and all other information concerning the | |
| performance and financial position | Suncorp Group filed with the ASX. | |
| Foreign entities | 13 | Not applicable |
| Commentary on the results for the | 14 | Suncorp Group Limited Directors’ Report and |
| period | Financial Statements 2018-19 and 2019 Investor | |
| Pack |
SUNCORP GROUP LIMITED APPENDIX 4E
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ASX Appendix 4E disclosures index (continued)
| Description of disclosure | Rule 4.3A item | Cross reference |
|---|---|---|
| Status of audit | 15 | Audited |
| Suncorp Group Limited Directors’ Report and | ||
| Financial Statements 2018-19: Independent | ||
| Auditor’s Report to the shareholders of Suncorp | ||
| Group Limited | ||
| Audit opinion | 16, 17 | Not applicable |