Collection House Limited Licensed Commercial Agent ABN 74 010 230 716
Level 12
100 Skyring Terrace
Newstead QLD 4006
GPO Box 2247
Fortitude Valley BC QLD 4006
Telephone 61 7 3292 1000
Facsimile 61 7 3832 0222 www.collectionhouse.com.au
Collection House Limited ABN 74 010 230 716 ASX preliminary final report for the year ended 30 June 2017 Lodged with the ASX under listing Rule 4.3A Contents PageResults for announcement to the market 2
Corporate directory 3
Directors' report 4
Auditor's independence declaration 27
Income statement 28
Statement of comprehensive income 29
Balance sheet 30
Statement of changes in equity 31
Statement of cash flows 32
Notes to the financial statements 33
Directors' declaration 83
Independent auditor's report to the members 84
Collection House Limited For the year ended 30 June 2017 (Previous corresponding period: Year ended 30 June 2016) Collection House Limited Appendix 4E Results for Announcement to the Market 30 June 2017% | $'000 | |||
Revenue from continuing operations | up | 0.5 | to | 133,419 |
Profit / (loss) from continuing operations after tax attributable to members | down | 6.3 | to | 17,386 |
Net profit / (loss) for the period attributable to members (Appendix 4E item 2.3) | down | 6.3 | to | 17,386 |
Dividends / distributions (Appendix 4E item 2.4) | Amount per security | Franked amount per security | ||
Current period | ||||
Final dividend (year ended 30 June 2017 - to be paid 27 October 2017) | 3.9 | 3.9 | ||
Interim dividend (year ended 30 June 2017 - paid 31 March 2017) | 3.9 | 3.9 | ||
Previous corresponding period | ||||
Final dividend (year ended 30 June 2016 - paid 21 October 2016) | 3.9 | 3.9 | ||
Interim dividend (year ended 30 June 2016 - paid 1 April 2016) | 3.9 | 3.9 |
Key Ratios | 2017 | 2016 |
June | June | |
Basic earnings per share (cents) | 12.8 | 14.0 |
Net tangible assets per share (cents) | 113.3 | 106.3 |
(Appendix 4E item 2.5)
Explanation of Results (Appendix 4E item 2.6)Refer to Directors' Report - Review of operations.
Explanation of Dividends (Appendix 4E item 2.6)Refer to Directors' Report - Dividends.
Dividend Reinvestment Plans (Appendix 4E item 8)During the year, $1.62m was raised under the Collection House Limited (Group) Dividend Reinvestment Plan (DRP). The DRP will not be active in respect to the final dividend for the period to 30 June 2017.
Status of Audit (Appendix 4E 15)The 30 June 2017 financial report and accompanying notes for Collection House Limited have been audited and are not subject to any disputes or qualifications.
Collection House Limited Corporate directory 30 June 2017 Contact Kristine MayChief Financial Officer & Company Secretary Phone: 07 3292 1015
Email: Kristine.May@collectionhouse.com.au
Investor and Client Presentation available at:www.collectionhouse.com.au
Place of business Level 12, 100 Skyring Terrace Newstead QLD 4006PO Box 2247
Fortitude Valley BC QLD 4006
Principal registered office in AustraliaLevel 12, 100 Skyring Terrace
Newstead QLD 4006
Share register Computershare Investor Services Pty Ltd GPO Box 2975Melbourne VIC 3000
Telephone: 1300 850 505
Facsimile: +61 7 3237 2152 www.computershare.com.au
Auditor KPMG71 Eagle Street
Brisbane QLD 4000
Stock exchange listings Collection House Limited shares are listed on the Australian SecuritiesExchange (ASX). The home exchange is Sydney. ASX Code: CLH
Directors' reportThe Directors present their report on the consolidated entity (referred to hereafter as the Company or the Group) consisting of Collection House Limited and the entities it controlled for the financial year ended 30 June 2017.
DirectorsThe following persons were Directors of the Group during the whole of the financial period and up to the date of this report, unless stated otherwise:
Kerry Daly
Philip Hennessy
Leigh Berkley (appointed 1 July 2016)
Michael Knox (appointed 24 March 2017)
David Gray (retired 5 August 2016)
David Liddy AM (resigned 4 November 2016)
Julie-Anne Schafer (resigned 4 January 2017)
Lev Mizikovsky (appointed 1 July 2016, resigned 30 January 2017) See pages 7 to 8 for profile information on the Directors.
Principal activitiesThe Company has two reportable segments: Purchased Debt Ledgers (PDLs), and Collection Services.
The principal activities of the Group were the provision of debt collection services and the purchase of consumer debt. There were no significant changes in the nature of the activities of the Group during the year.
FY2017 highlightsNet profit after tax for the year was $17.4 million (2016: $18.6 million)
Earnings per share (EPS) were 12.8 cents (2016: 14.0 cents)
Total dividends for the year of 7.8 cents (interim 3.9 cents paid 31 March 2017, final 3.9 cents to be paid 27 October 2017), fully franked.
The consolidated Net Profit After Tax (NPAT) was $17.4 million (30 June 2016: $18.6 million). Basic earnings per share were 12.8 cents per share (30 June 2016: 14.0 cents).
Collection House Limited published this content on 27 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 August 2017 13:07:03 UTC.
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