For personal use only
PREMIER INVESTMENTS LIMITED
ABN 64 006 727 966
Appendix 4D - Half Year Report
The information is given under ASX Listing Rule 4.2A.3
Reporting periods
Current Reporting Period: | 1 August 2021 to 29 January 2022 (1H22) (26 weeks) | ||||||||||||||||
Previous Corresponding Period: | 26 July 2020 to 30 January 2021 (1H21) (27 weeks) | ||||||||||||||||
Results for announcement to the market | |||||||||||||||||
Percentage | Amount | ||||||||||||||||
Change | |||||||||||||||||
% | A$'000 | ||||||||||||||||
Total Revenue from Ordinary Activities | down | 1.93% | to | ||||||||||||||
770,329 | |||||||||||||||||
Profit from ordinary activities after tax | down | 13.03% | to | 163,644 | |||||||||||||
attributable to members | |||||||||||||||||
Net profit for the period attributable to members | down | 13.03% | to | 163,644 | |||||||||||||
Dividends | Amount per | Franked amount | |||||||||||||||
security | per security | ||||||||||||||||
Interim Dividend | |||||||||||||||||
Current period | 46.0 cents | 46.0 cents | |||||||||||||||
Previous corresponding period | 34.0 cents | 34.0 cents | |||||||||||||||
Record date for determining entitlements to the interim dividend: | 22 June 2022 | ||||||||||||||||
Brief explanation of the figures reported above necessary to enable the figures to be understood: | |||||||||||||||||
The information presented above is based upon the accompanying consolidated half-year financial | |||||||||||||||||
report for the 26 weeks ended 29 January 2022, whereas the comparative half-year represents a period | |||||||||||||||||
of 27 weeks ended 30 January 2021. The table below provides further comparative information to | |||||||||||||||||
better understand the 1H22 result: | |||||||||||||||||
Growth on | Growth on | ||||||||||||||||
1H22 | 1H21 | 1H20 | |||||||||||||||
(26 weeks) | (27 weeks) | (26 weeks) | |||||||||||||||
$'000 | % | % | |||||||||||||||
Total Revenue from Ordinary Activities | $770,329 | -1.93% | +5.02% | ||||||||||||||
Net profit for the period | $163,644 | -13.03% | +64.28% | ||||||||||||||
Refer to the attached consolidated half-year financial report and accompanying investor presentation | |||||||||||||||||
for further information. This consolidated half-year financial report is to be read in conjunction with | |||||||||||||||||
the most recent consolidated Annual Financial Report for the 53 weeks ended 31 July 2021. | |||||||||||||||||
Premier Investments Limited (ABN 64 006 727 966) | |||||||||||||||||
Level 7, 417 St Kilda Road, Melbourne, Vic 3004 | |||||||||||||||||
Tel: +61 3 9650 6500 |
For personal use only
Premier Investments Limited Appendix 4D - Half-year report 26 weeks ended 29 January 2022
Other information
This report is based on the attached consolidated half-year financial report. Refer to the attached consolidated half-year financial report for a copy of the Independent Auditor's Review Report.
Net tangible assets
Current Reporting | Previous | |||||||||
Period | Corresponding Period | |||||||||
Net tangible assets per ordinary security1 | $4.99 | $4.06 | ||||||||
Dividends | ||||||||||
Date the dividends are payable | 27 July 2022 | |||||||||
Record date to determine entitlements to the dividends | 22 June 2022 | |||||||||
(a) Amount per security | ||||||||||
Amount per | Franked | Amount per | ||||||||
security | amount per | security of | ||||||||
security at | foreign source | |||||||||
30% tax | dividend | |||||||||
Interim Dividend | ||||||||||
Current period | 46.0 cents | 46.0 cents | Nil | |||||||
Previous corresponding period | 34.0 cents | 34.0 cents | Nil | |||||||
(b) Interim dividends on all securities | ||||||||||
Current Reporting | Previous | |||||||||
Period | Corresponding Period | |||||||||
$A'000 | $A'000 | |||||||||
Ordinary securities | 73,137 | 54,014 | ||||||||
Total | 73,137 | 54,014 |
(c) Dividend reinvestment plans in operation
The dividend reinvestment plan does not apply to the interim dividend.
Associates and joint venture entities
Current Reporting Period | Previous Corresponding Period | |||
Ownership | Share of Net | Ownership | Share of Net | |
Name of Associate | Interest in | Profit After Tax | Interest in | Profit After Tax |
Entity | Associate (%) | $A'000 | Associate (%) | $A'000 |
Breville Group Limited | 26.19% | $20,349 | 26.27% | $16,854 |
1 Calculated as net assets, less intangible assets as per the accompanying balance sheet, divided by ordinary securities on issue at the end of the half-year. Includes right-of-use assets and lease liabilities resulting from the transition to AASB 16, as disclosed in the accompanying consolidated half-year financial report.
For personal use only
PREMIER INVESTMENTS LIMITED
ABN 64 006 727 966
AND CONTROLLED ENTITIES
CONSOLIDATED HALF-YEAR FINANCIAL REPORT
FOR THE 26 WEEKS 01 AUGUST 2021 TO
29 JANUARY 2022
This half-year report should be read in conjunction with the Annual Report for the 53 weeks ended 31 July 2021
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For personal use only
PREMIER INVESTMENTS LIMITED AND CONTROLLED ENTITIES
CONSOLIDATED HALF-YEAR FINANCIAL REPORT
FOR THE 26 WEEKS ENDED
29 JANUARY 2022
TABLE OF CONTENTS
DIRECTORS' REPORT
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
CONSOLIDATED STATEMENT OF CASH FLOWS
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
DIRECTORS' DECLARATION
AUDITOR'S INDEPENDENCE DECLARATION
INDEPENDENT REVIEW REPORT
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DIRECTORS' REPORT
For personal use only
The directors present their report together with the financial report of the consolidated entity consisting of Premier Investments Limited and its controlled entities (the "Group") for the 26 weeks 01 August 2021 to 29 January 2022 ("half- year"), together with the independent review report thereon.
DIRECTORS
The names of the company's directors in office during the half-year and until the date of this report are as below. Directors were in office for this entire period unless otherwise stated.
Solomon Lew | Chairman and Non-executive Director |
David Crean | Deputy Chairman and Non-executive Director |
Mark McInnes | Executive Director (Resigned: 19 August 2021) |
Richard Murray | Executive Director (Appointed: 3 December 2021) |
Timothy Antonie | Non-executive Director and Lead Independent Director |
Sylvia Falzon | Non-executive Director |
Sally Herman | Non-executive Director |
Henry Lanzer AM | Non-executive Director |
Terrence McCartney | Non-executive Director |
Michael McLeod | Non-executive Director |
COMPANY SECRETARY
Marinda Meyer
EARNINGS PER SHARE
26 WEEKS ENDED | 27 WEEKS ENDED | |
29 JANUARY 2022 | 30 JANUARY 2021 | |
CENTS | CENTS | |
Basic earnings per share | 102.97 | 118.50 |
Diluted earnings per share | 102.41 | 117.95 |
DIVIDENDS
During the half-year the following fully franked dividend was approved and paid:
2021 Final Dividend: | 46 cents per share paid on 27 January 2022. |
The directors have approved the following fully franked dividends:
2022 Interim Dividend: | 46 cents per share payable on 27 July 2022. |
OPERATING AND FINANCIAL REVIEW
The Group recorded a net profit after income tax for the 26 weeks ended 29 January 2022 of $163.6 million
(27 weeks ended 30 January 2021 of $188.2 million) - a decrease of 13.03% on the previous period. Total revenue for the Group amounted to $770.3 million - a decrease of 1.93% on the previous period. Total revenue and other income amounted to $770.4 million, a decrease of 3.19% on the previous period. The current reporting period, being 01 August 2021 to 29 January 2022, represents 26 weeks, whereas the comparative period, 26 July 2020 to 30 January 2021, represented 27 weeks.
A review of the operations and results of the Group for the half-year are set out in the half-year announcement and investor presentation for the 26 weeks ended 29 January 2022.
ROUNDING
The company is a company of the kind specified in ASIC Corporations (Rounding in Financial/Directors' Reports)
Instrument 2016/191, dated 24 March 2016. In accordance with that ASIC instrument, amounts in the financial statements and Directors' Report have been rounded to the nearest thousand dollars unless specifically stated to be otherwise.
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Premier Investments Limited published this content on 24 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 March 2022 22:15:25 UTC.