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CHALLENGER LIMITED — Earnings Release 2016
Aug 15, 2016
64641_rns_2016-08-15_516aef69-fdfe-41b5-b679-3cab0a583388.pdf
Earnings Release
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Challenger Limited Preliminary Financial Report Appendix 4E 2016
Under ASX Listing Rule 4.3A for the year ended 30 June 2016
Current period 1 July 2015 to 30 June 2016 Prior corresponding period (PCP) 1 July 2014 to 30 June 2015
Results for announcement to the market
| Results for announcement to the market | |||
|---|---|---|---|
| 2016 | 2015 | Change | |
| $M | $M | % | |
| Revenue from ordinary activities | 1,813.3 | 1,689.0 | 7.4 |
| Profit from ordinary activities after tax attributable to equity holders | 327.7 | 299.0 | 9.6 |
| Net profit for the year attributable to equity holders | 327.7 | 299.0 | 9.6 |
Normalised net profit after tax, management’s preferred measure of profit, for the year ended 30 June 2016 increased by 8.3% to $361.7 million (PCP: $334.0 million). Refer to Note 3 Segment information in the 2016 Annual Report for a definition of normalised profit after tax and the reconciliation to the statutory profit for the period.
Dividend information
| Dividend information | |||
|---|---|---|---|
| 2016 | 2015 | Change | |
| cents | cents | % | |
| Interim per ordinary share – 100% franked (2015 interim: 70% franked) | 16.0 | 14.5 | 10.3 |
| Final per ordinary share – 100% franked (2015 final: 100% franked) | 16.5 | 15.5 | 6.5 |
| Total dividends per share for the year | 32.5 | 30.0 | 8.3 |
The Challenger Limited Board will continue the Dividend Reinvestment Plan (DRP). The dividend will be paid on 28 September 2016. For any reinvestment of this dividend, the Board has determined that new shares will be issued to fulfil DRP requirements. The new shares will not be issued at a discount to the prevailing Challenger share price. There is no conduit foreign income for this dividend.
2016 Final dividend dates
| 2016 Final dividend dates | ||
|---|---|---|
| Ex-dividend date | 1 September 2016 | |
| Record date | 2 September 2016 | |
| Final Dividend Reinvestment Plan election date | 5 September 2016 | |
| Payment date | 28 September 2016 | |
| 30 June | 30 June | |
| 2016 | 2015 | |
| Net tangible assets per security | $M | $M |
| Net assets | 2,684.0 | 2,638.6 |
| Less: | ||
| - intangible assets | 12.3 | 18.4 |
| - goodwill | 571.6 | 531.0 |
| Non-controllinginterests | 3.1 | 95.4 |
| Net tangible assets | 2,097.0 | 1,993.8 |
| Ordinary shares (number - million) | 558.8 | 553.4 |
| Net tangible assets per security ($) | 3.75 | 3.60 |
Other disclosure requirements
Additional ASX Appendix 4E (Listing Rule 4.3A) disclosures can be found in the Annual Report 2016 lodged separately from this document. This document should be read in conjunction with the Annual Report 2016, Annual Review 2016 and any public announcements made in the period by the group in accordance with the continuous disclosure requirements of the Corporations Act 2001 and ASX Listing Rules.
This preliminary financial report under ASX Listing Rule 4.3A covers Challenger Limited and its controlled entities, and is based on the separately lodged consolidated financial statements and financial report which have been audited by Ernst & Young.
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Challenger Limited Preliminary Financial Report
Challenger Limited Preliminary Financial Report Appendix 4E 2016
| Cross reference index for other disclosures included in 2016 Annual | Report | Page/Reference |
|---|---|---|
| Review of operations | 7 | |
| Statement of financial performance and notes | 42 | |
| Statement of financial position and notes | 43 | |
| Statement of cash flows and notes | 45 | |
| Statement of retained earnings | 75 | |
| Details of associates and joint ventures | 88 | |
| Details of entities over which control was gained or lost during the | 93 | |
| year (for which there was a material effect) | ||
| Other significant information | 7 | |
| Foreign entities | International Financial Reporting Standards | |
| Audit | 100 |
Authorisation
==> picture [123 x 51] intentionally omitted <==
Michael Vardanega Company Secretary Sydney 15 August 2016
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Challenger Limited Preliminary Financial Report