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VICINITY CENTRES TRUST — Earnings Release 2017
Aug 15, 2017
65995_rns_2017-08-15_8bdb7c2f-f8fa-4d43-bf7f-d4d428e58d77.pdf
Earnings Release
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| Vicinity Centres1 | ||||
|---|---|---|---|---|
| Appendix 4E - Results for announcement to the market | ||||
| Financial reporting for the year ended 30 June 2017 | ||||
| Increase/ | ||||
| 30 June 2017 | 30 June 2016 | (Decrease) | ||
| $m | $m | $m | % | |
| Revenue from ordinary activities | 1,302.1 | 1,326.4 | (24.3) | (1.8) |
| Net Profit from ordinary activities after tax attributable to securityholders | 1,583.6 | 960.9 | 622.7 | 64.8 |
| Underlying Earnings2 | 741.8 | 757.5 | (15.7) | (2.1) |
| Increase/ | ||||
| 30 June 2017 | 30 June 2016 | (Decrease) | ||
| Net tangible assets per security | $ per security | $ per security | $ per security | % |
| Total | 2.82 | 2.59 | 0.23 | 8.9 |
| Net assets per security | $ per security | $ per security | $ per security | % |
| Total | 2.97 | 2.74 | 0.23 | 8.4 |
| Distribution per stapled security | Cents3 | Record date | Payment date | |
| Interim distribution | 8.70 | 30-Dec-16 | 2-Mar-17 | |
| Final distribution | 8.60 | 30-Jun-17 | 30-Aug-17 |
Review of results
For further commentary on these results, refer to the following documents released to ASX today: 2017 annual results announcement, 2017 annual results presentation and 2017 Annual Report ( Annual Report ).
Details of associates and joint venture entities (equity accounted investments)
Refer to Note 5 of the Financial Report for the year ended 30 June 2017 ( Financial Report ) contained within the Annual Report.
The information presented above is based upon the Financial Report which has been audited. The independent auditor's report is included within the Financial Report.
The remaining disclosures required to comply with listing rule 4.3A are contained within the Operating and Financial Review and Financial Report sections of the Annual Report.
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Michelle Brady Company Secretary
Date: 16 August 2017
Notes:
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Vicinity Centres is a stapled group comprising Vicinity Limited ABN 90 114 757 783 and Vicinity Centres Trust ARSN 104 931 928 (the Trust ). The Responsible Entity of the Trust is Vicinity Centres RE Ltd ABN 88 149 781 322.
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A reconciliation between underlying earnings and net profit from ordinary activities attributable to securityholders is provided in Note 1(b) of the Financial Report.
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Details of the full year tax components of distributions will be provided in the Annual Tax Statements which will be sent to securityholders in late August 2017.