|
Annual Report to
Shareholders 1998
3 - Eight Year
History
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|
1991
|
1992
|
1993
|
1994
|
1995
|
1996
|
1997
|
1998
|
|
|
$'000
|
$'000
|
$'000
|
$'000
|
$'000
|
$'000
|
$'000
|
$'000
|
|
EARNINGS SUMMARY
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|
Sales revenue
|
150,686
|
169,222
|
187,969
|
210,957
|
231,853
|
282,881
|
299,353
|
341,338
|
|
Operating profit before interest
and tax
|
22,714
|
29,176
|
34,802
|
42,076
|
49,219
|
60,273
|
60,518
|
69,609
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|
Operating profit before tax
(5)
|
18,632
|
25,109
|
33,781
|
41,090
|
46,224
|
52,720
|
53,251
|
61,215
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|
Operating profit after tax
(5)
|
11,229
|
15,099
|
19,240
|
27,820
|
31,609
|
33,375
|
33,941
|
39,303
|
|
Operating profit after
tax
and outside equity interests
(5)
|
10,515
|
13,815
|
17,960
|
26,167
|
29,733
|
31,529
|
32,198
|
37,449
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BALANCE SHEET
SUMMARY
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|
Total assets
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196,081
|
240,345
|
250,172
|
271,158
|
336,188
|
430,382
|
436,855
|
486,573
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|
Total liabilities
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76,868
|
64,815
|
62,488
|
71,642
|
119,006
|
198,973
|
189,604
|
186,118
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Net assets
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119,213
|
175,530
|
187,684
|
199,516
|
217,182
|
231,359
|
247,251
|
300,455
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|
Shares on issue
|
26,521
|
35,361
|
35,361
|
106,082
|
106,082
|
159,123
|
159,123
|
159,123
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KEY INDICATORS
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|
Annual dividend - $,000
(4)
|
5,304
|
6,365
|
8,840
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13,260
|
14,851
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16,443
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16,936
|
19,732
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Earnings per share (1) (2)
(5)
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$0.087
|
$0.100
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$0.113
|
$0.164
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$0.187
|
$0.198
|
$0.202
|
$0.235
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Dividends per share -
ordinary
(2) (4)
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$0.040
|
$0.047
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$0.053
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$0.083
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$0.093
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$0.100
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$0.1030
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$0.120
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-
preferred
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|
|
|
|
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$0.110
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$0.1133
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$0.132
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Net assets per share (2)
(3)
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$0.91
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$1.06
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$1.11
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$1.25
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$1.37
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$1.45
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$1.55
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$1.89
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Number of employees
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1,667
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1,779
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1,856
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2,058
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2,281
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2,813
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2,903
|
2,810
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Interest bearing Debt to Equity
- %
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34.0%
|
10.5%
|
6.2%
|
7.7%
|
26.5%
|
48.0%
|
46.4%
|
34.8%
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Net Interest Cover (times
covered)
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4.7
|
7.2
|
34.1
|
42.7
|
16.4
|
8.0
|
8.3
|
8.3
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Return on Average Shareholders
Funds
|
9.8
|
10.0
|
10.5
|
14.3
|
15.1
|
14.8
|
14.1
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14.3
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Dividend Payout Ratio (4)
(5)
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50.4%
|
46.0%
|
47.2%
|
50.7%
|
50.0%
|
52.2%
|
52.6%
|
52.7%
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|
Profit before interest and tax
to sales
|
15.1%
|
17.2%
|
18.5%
|
19.9%
|
21.2%
|
21.3%
|
20.2%
|
20.4%
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Growth in sales
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21.9%
|
12.3%
|
11.1%
|
12.2%
|
9.9%
|
22.0%
|
5.8%
|
14.0%
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Growth in operating
profit
before interest and tax
(5)
|
6.0%
|
31.6%
|
19.3%
|
20.9%
|
16.9%
|
22.5%
|
0.4%
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15.0%
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NOTES:
1. Based on average issued capital
2. Adjusted for bonus issues and based on average issued
capital
3. Attributable to the members of the parent equity
4. The 1996 figure does not include a Special Dividend of
$0.10 per share that satisfied the bonus share issue
5. The 1998 figure excludes the abnormal items.
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