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SUNCORP GROUP LIMITED — Interim / Quarterly Report 2021
Feb 8, 2021
65879_rns_2021-02-08_c5746f79-e374-4e14-8bf1-e78acbe181fb.pdf
Interim / Quarterly Report
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SUNCORP GROUP LIMITED | APPENDIX 4D
1
SUNCORP GROUP LIMITED AND SUBSIDIARIES
ABN 66 145 290 124
Appendix 4D Half-Year report
For the half-year ended 31 December 2020
The ASX Appendix 4D of Suncorp Group Limited and subsidiaries (the Suncorp Group ) for the half-year ended 31 December 2020 is filed with the Australian Securities Exchange ( ASX ) under ASX Listing Rule 4.2A.3. It should be read in conjunction with the Suncorp Group Limited consolidated interim financial report, Investor Pack, and all other information concerning the Suncorp Group filed with the ASX. Information presented for the previous corresponding period is for the half-year ended 31 December 2019 (unless otherwise stated). (Rule 4.2A.3 Item 1)
Results for announcement to the market
| Increase/ | |||
|---|---|---|---|
| Comparison toprevious corresponding period | Decrease | % | To$M |
| Revenue from ordinary activities1 | Increase | 4.22 | 7,352 |
| Net profit from ordinary activities after tax attributable to owners of the Company2 | Increase | 40.80 | 490 |
| Netprofit for theperiod attributable to owners of the Company | Decrease | 23.68 | 490 |
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 consolidated interim financial report and the Investor Pack for commentary on the above results.
| on the above results. | |||
|---|---|---|---|
| Amount per | Franked amount | ||
| Final and interim dividendsper security | Paid orpayable on | share |
per share |
| Ordinary Shares (SUN) | |||
| 2020 Final ordinary dividend – paid | 21 October 2020 | $0.1000 |
$0.1000 |
| 2021 Interim ordinary dividend–payable | 1 April 2021 | $0.2600 |
$0.2600 |
There is no attributed conduit income.
The record date for determining entitlements to the SUN 2021 interim ordinary dividend will be 16 February 2021.
SUN shareholders will be able to participate in the Company’s Dividend Reinvestment Plan ( DRP ) in respect of the 2021 interim ordinary dividend. The last date for receipt of an election notice is 17 February 2021. Participation in the DRP is subject to the terms and conditions of the DRP, as shareholders in some jurisdictions are not permitted to participate.
SUNCORP GROUP LIMITED | APPENDIX 4D
2
Details of associates and joint ventures
| Associate/Joint Venture | 31 December 2020 | 31 December 2020 | 30 June | 2020 |
|---|---|---|---|---|
| Holdings | Profit contribution |
Holdings |
Profit contribution | |
| % | $M | % |
$M | |
| RACT Insurance Pty Ltd | 50 | Not Material | 50 |
Not Material |
| NTI Limited | 50 | Not Material | 50 |
Not Material |
| AA Life Services Ltd | 50 | Not Material | 50 |
Not Material |
| AA Home Limited | 50 | Not Material | 50 |
Not Material |
| AA Finance Limited | 50 | Not Material | 50 |
Not Material |
| AA Insurance Limited1 | 68 | 21 | 68 | 40 |
1 AA Insurance Limited is a subsidiary of Suncorp Group Limited and meets the consolidation requirements in AASB 10 Consolidated Financial Statements.
ASX Appendix 4D disclosures index
| Description of disclosure | Rule 4.2A.3 item | Cross reference |
|---|---|---|
| Details of the reporting period and the | 1 | Refer to above |
| previous corresponding period | ||
| Results for announcement to the | 2 | Refer to 'Results for announcement to the |
| market | market' above | |
| Net tangible assets per security | 3 | December 2020 Investor Pack: Group ratios and statistics |
| (Shareholder summary: Net tangible asset | ||
| backing per share) | ||
| Entities over which control has been | 4 | Not applicable |
| gained or lost during the period | ||
| Details of the individual and total | 5 | Refer to 'Results for announcement to the |
| dividends or distributions and dividend | market' above | |
| or distribution payments | ||
| Details of any dividend or distribution | 6 | Refer to 'Results for announcement to the |
| reinvestment plans in operation and | market' above | |
| the last date for receipt of an election | ||
| notice for participation in any dividend | ||
| or distribution reinvestment plan | ||
| Details of associates and joint | 7 | Refer to 'Details of associates and joint |
| ventures | ventures' above | |
| Foreign entities | 8 | Not applicable |
| Audit opinion | 9 | Not applicable |