STEADFAST GROUP LIMITED For personal use only
Appendix 4D | 1
Steadfast Group Limited and controlled entities
Appendix 4D (rule 4.3A)
Preliminary final report for the half year ended 31 December 2021
Results for announcement to the market
(All comparisons to half year ended 31 December 2020)
2021 | Up/Down | Movement | |||
$'m | $'m | % | |||
Revenues from ordinary activities | 461.9 | 94.1 | 26 | ||
EBITA before non-trading items | 153.9 | 28.5 | 23 | ||
Underlying net profit after tax attributable to | |||||
shareholders (Underlying NPAT) (Note 1) | 76.3 | 15.9 | 26 | ||
Net profit after tax attributable to shareholders | |||||
(Statutory NPAT) (Note 1) | 104.9 | 31.5 | 43 | ||
Total comprehensive income attributable to shareholders | 105.0 | 31.5 | 43 | ||
Note 1:
The table below provides the reconciliation between the net profit after tax before and after non-trading items:
2021 | 2020 | |
$'m | $'m | |
Net profit after tax attributable to shareholders (Statutory NPAT) | 104.9 | 73.4 |
Less: Net gain from change in value or sale of investments | (18.2) | (10.1) |
Add/(Less): Net loss/(gain) on deferred consideration estimates | 1.4 | (0.6) |
Less: Mark-to-market gains from revaluation of investment in JLG | (15.2) | (2.8) |
Add: Impairment of intangibles | 3.5 | - |
(Less)/Add: Other non-trading items | (0.1) | 0.5 |
Net profit after tax after non-trading items attributable to shareholders | ||
(Underlying NPAT) | 76.3 | 60.4 |
Some of the financial data in the table above, namely the netting of brokerage commissions paid when disclosing revenue, the separate identification of non-trading items and EBITA, are not disclosed in accordance with current Australian Accounting Standards requirements. However, all financial data is based on the information disclosed in the reviewed financial statements and notes to the financial statements of the Group and follow the recognition requirements of Australian Accounting Standards.
For personal use only
Appendix 4D | 2 | ||||||
Dividend information | ||||||
Franked | ||||||
Amount per | amount per | Tax rate for | ||||
share | share | franking credit | ||||
Cents | Cents | % | ||||
Interim 2022 dividend per share | 5.2 | 5.2 | 30 | |||
Interim dividend dates | ||||||
Ex-dividend date | 28 February 2022 | |||||
Record date | 2 March 2022 | |||||
Payment date | 23 March 2022 | |||||
The Company's DRP will operate by purchasing ordinary shares on market. No discount will be applied. The last election notice for participation in the DRP in relation to this interim dividend is 2 March 2022.
A copy of the full terms and conditions for the DRP are available at http://investor.steadfast.com.au/Investor- Centre/?page=Dividends.
31 Dec 2021 | 30 Jun 2021 | |
$ | $ | |
Net tangible assets per ordinary share* | 0.10 | 0.03 |
- Net tangible assets per ordinary share are based on 977,593,945 shares on issue at 31 December 2021. There has been an increase of 106,086,511 in ordinary shares on issue since 30 June 2021.
For personal use only
Appendix 4D | 3
Other information
During the reporting period, Steadfast Group Limited held an interest in the following associates and joint ventures:
Ownership interest | |
% | |
Associates | |
Armstrong's Insurance Brokers Pty Ltd and Armstrong's Insurance Brokers Unit Trust | 15.0% |
Ausure Group Pty Ltd - associates thereof | 18.9% |
Baileys Insurance Ltd | 40.0% |
Baileys Premium Ltd | 40.0% |
Blackburn (Insurance Brokers) Pty Ltd and Liability Brokers Pty Ltd | 40.0% |
Collective Insurance Brokers Pty Ltd | 49.0% |
Covercorp Pty Ltd | 49.0% |
Coverforce Partners Pty Ltd - associates & joint ventures thereof | 46.1% |
Emergence Insurance Group Pty Ltd | 50.0% |
Empire Insurance Services Pty Ltd and McLardy McShane & Associates Pty Ltd and its subsidiary | 37.0% |
Fenchurch Insurance Brokers Pty Ltd | 25.0% |
Finpac Insurance Advisors Pty Ltd | 49.0% |
HJS Unit Trust | 33.3% |
J.D.I (YOUNG) Pty Ltd | 25.0% |
Johansen Insurance Brokers Pty Ltd | 48.4% |
Listsure Pty Ltd | 26.3% |
McKillops Insurance Brokers Pty Ltd | 49.0% |
Melbourne Insurance Brokers Pty Ltd | 49.0% |
Meridian Lawyers Limited | 25.0% |
Origin Insurance Brokers Pty Ltd | 49.0% |
QUS Pty Ltd | 45.0% |
Rose Stanton Insurance Brokers Pty Ltd | 49.0% |
Rothbury Group Limited and its subsidiaries and associates | 42.8% |
RSM Group Pty Ltd | 49.0% |
Sapphire Star Pty Ltd | 30.0% |
Southside Insurance Brokers Pty Ltd | 49.0% |
SRB Management Pty Ltd and its subsidiaries | 50.0% |
Steadfast Eastern Insurance Brokers Pty Ltd | 25.0% |
Steadfast Life Pty Ltd | 50.0% |
Sterling Insurance Pty Limited | 39.5% |
Transport Plus Insurance Brokers Pty Ltd | 49.0% |
Watkins Taylor Stone Insurance Brokers Pty Ltd and D&E Watkins Unit Trust | 35.0% |
Joint ventures | |
Ausure Protect Pty Ltd | 50.0% |
ABICO Insurance Brokers and its related entities (ABICO) | 50.0% |
Ausure City & Rural Pty Ltd | 50.0% |
BAC Insurance Brokers Pty Ltd | 50.0% |
Blend Insurance Solutions Pty Ltd and its associate | 50.0% |
Clubs New Zealand Insurance Services Ltd | 50.0% |
Entegre Risk Technology Services Pty Ltd | 50.0% |
Quantaco Insurance Pty Ltd | 50.0% |
Rhymemat Pty Ltd | 34.0% |
Steadfast Risk Services Pty Ltd and its subsidiary | 50.0% |
Steadfast Valuation Holdings Pty Ltd and its subsidiaries | 50.0% |
U-Cover Pty Ltd | 50.0% |
U-Plus Pty Ltd | 50.0% |
Xenia Mutual Management Pty Ltd | 50.0% |
For personal use only
Appendix 4D | 4
The aggregate share of profits after tax of associates and joint venture accounted for using equity method is $9.8 million.
Additional Appendix 4D disclosure requirements can be found in the directors' report and the 31 December 2021 financial statements and accompanying notes.
This report is based on the consolidated financial statements which have been reviewed by KPMG.
For personal use only
Appendix 4D | 5
Attachment A
Steadfast Group Limited
Half year financial report - 31 December 2021
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Steadfast Group Ltd. published this content on 22 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2022 07:00:00 UTC.
