FUTURE GENERATION AUSTRALIA LIMITED Future Generation Investment Company Limited
The principal activity of the Company is to invest in funds managed by a number of prominent Australian equity fund managers while also contributing to Australian children and youth at risk charities.
Chairman Jonathan Trollip Directors Geoff Wilson Gabriel Radzyminski Paul Jensen David Leeton Kate Thorley David Paradice Scott Malcolm Company Secretary Mark Licciardo Investment Committee Geoff Wilson Gabriel Radzyminski Matthew Kidman Bruce Tomlinson David Smythe Chief Executive Officer Louise Walsh | Auditor Pitcher Partners Country of Incorporation Australia Registered Office Level 11, 139 Macquarie Street Sydney NSW 2000 Contact Details Postal Address: GPO Box 4658 Sydney NSW 2001 T: (02) 9247 9202 E: info@futuregeninvest.com.au W: www.futuregeninvest.com.au Australian Securities Exchange Future Generation Investment Company Ordinary Shares (FGX) Future Generation Investment Company Options (FGXO) $1.10 expired 16 September 2016 | Share Registrar Boardroom Pty Limited Level 12, 225 George Street Sydney NSW 2000 Telephone: (02) 9290 9600 Fax: (02) 9279 0664 For enquiries relating to shareholdings, dividends (including participation in the dividend reinvestment plan) and related matters, please contact the share registrar. |
Shareholder Presentations 2016
Annual General Meeting and Presentation SydneyWednesday 23 November The Hilton
488 George Street
Sydney NSW 2000 AGM: 2.00pm - 2.30pm
Presentation: 2.30pm - 3.30pm
Adelaide Wednesday 16 November The Playford 120 North Terrace Adelaide SA 5000 12.30pm - 1.30pm | Perth Thursday 17 November The Duxton 1 St Georges Terrace Perth WA 6000 12.30pm - 1.30pm | Canberra Monday 21 November The Mercure Cnr of Ainslie & Limestone Ave Braddon ACT 2618 12.30pm - 1.30pm |
Brisbane Thursday 24 November Brisbane Convention & Exhibition Centre Cnr Merivale & Glenelg St South Bank QLD 4101 12.30pm - 1.30pm | Melbourne Friday 25 November Melbourne Convention & Exhibition Centre 1 Convention Centre PL South Wharf VIC 3006 12.30pm - 1.30pm | Online streaming The Sydney presentation can be viewed live. Register your interest by emailing info@futuregeninvest.com.au |
Key Highlights FY2016 | ||
DONATION TO CHARITIES $2.29 million | FULL YEAR FULLY FRANKED DIVIDENDS 4.0 cps | |
PROFIT BEFORE TAX + 18.2% | PORTFOLIO OUTPERFORMANCE +10.7% | |
Snapshot as at 30 June 2016 | |
ASX code | FGX |
Listing date | Sept 2014 |
Market capitalisation | $254.8m |
Share price | $1.12 |
Shares on issue | 227,534,045 |
Options on issue | 138,486,850 |
Net Tangible Assets (pre tax) | $1.16 |
Net Tangible Assets (post tax) | $1.15 |
Gross assets | $266.4m |
Full year fully franked dividends FY2016 | 4.0 cents |
Future Generation Investment Company ("FGX‟) reported an increase of 18.2% in operating profit before tax to $17.75 million for the year (FY2015:
$15.02 million) and a 28.6% increase in operating profit after tax of $14.62 million (FY2015: $11.37 million). For the financial year the portfolio increased 12.7%, outperforming the S&P/ASX All Ordinaries Accumulation Index by 10.7% which increased 2.0%.
The investment portfolio delivered a very strong risk adjusted return with the portfolio outperforming the
market by 10.7% while having significantly less volatility than the market. The volatility of the FGX portfolio as measured by its standard deviation during the year was 8.8% while the S&P/ASX All Ordinaries Accumulation Index was 14.2%.
The Board declared a 100% increase in full year fully franked dividends to 4.0 cents per share. The final fully franked dividend of 2.0 cents per share will be paid on 21 October 2016.
Contents
Chairman and Chief Executive Officer‟s Letter | 1 |
Investment Committee Report | 3 |
Charity Report | 5 |
Directors‟ Report to Shareholders | 11 |
Auditor‟s Independence Declaration | 21 |
Statement of Comprehensive Income | 22 |
Statement of Financial Position | 23 |
Statement of Changes in Equity | 24 |
Statement of Cash Flows | 25 |
Notes to the Financial Statements | 26 |
Directors‟ Declaration | 46 |
Independent Auditor‟s Report | 47 |
Investments at Market Value | 49 |
Corporate Governance Statement | 50 |
ASX Additional Information | 61 |
Future Generation Investment Company Ltd. published this content on 04 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 October 2016 07:09:03 UTC.
Original documenthttp://www.futuregeninvest.com.au/161004_FGX_Annual-Report.pdf
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