| |
|
|
- Group revenue up 15.6% to $259,777,000
-
Group Surplus after tax up 30.2% to $15,060,000
-
Net operating cash flow up 265% to $24,779,000
-
28% return on average Shareholders funds
-
Dividend for year up 23.5% to 21 cents per share
-
9 new stores opened in Australia
-
46.7% increase in contribution from Australian company
-
Canadian stores show encouraging progress
|
| YEAR ENDED 30 JUNE, NZ$000s UNLESS STATED |
2004
|
2003
|
% change
|
| TRADING RESULTS |
|
|
|
| Group revenue |
259,777
|
224,802
|
+15.6%
|
| Earnings before interest and tax |
|
|
|
| and unallocated expenses (before abnormals) |
27,803
|
21,219
|
+31.0%
|
| Group surplus after tax (before abnormals) |
15,060
|
10,244
|
+47.0%
|
| - First half |
10,912
|
7,525
|
+45.0%
|
| - Second half |
4,148
|
2,719
|
+52.5%
|
| Group surplus after tax (after abnormals) |
15,060
|
11,570
|
+30.2%
|
| Net cash from operating activities |
24,779
|
6,789
|
+265%
|
| FINANCIAL POSITION AT YEAR END |
|
|
|
| Issued and paid up capital, 38,668,600 ordinary shares |
8,078
|
7,712
|
+4.7%
|
| Total shareholders funds |
57,607
|
50,048
|
+15.1%
|
| Total assets |
122,831
|
109,228
|
+12.5%
|
| Net debt |
26,587
|
40,177
|
-31.0%
|
| Capital expenditure - cash |
6,409
|
10,313
|
-37.8%
|
| NUMBER OF STORES 30 JUNE |
|
|
|
| New Zealand |
46
|
46
|
|
| Australia |
93
|
84
|
|
| Canada |
4
|
4
|
|
| Total |
143
|
134
|
|
|
DISTRIBUTION TO SHAREHOLDERS
|
|
|
|
| Dividends - including final dividend |
|
|
|
| - Per ordinary share |
21.0¢
|
17.
|
|
| - Times covered by surplus after tax |
1.86
|
1.77
|
|
| Special Dividend - paid 14 October 2002 |
-
|
20.
|
|
| SHARE PRICE |
|
|
|
| 30 June |
$6.00
|
$4.60
|
|
| KEY DATA PER SHARE |
|
|
|
| Earnings before abnormal items |
39.07¢
|
26.
|
|
| Earnings after abnormal items |
39.07¢
|
30.
|
|
| KEY MEASURES |
|
|
|
| Same store sales up |
|
|
|
| - Australia |
9.8%
|
5.7%
|
|
| - New Zealand |
1.2%
|
1.0%
|
|
| - Canada |
45%
|
-
|
|
| Return on average shareholders funds |
28%
|
22%
|
|
| Interest cover (times) |
8.8
|
7.2
|
|
| Equity Ratio |
46.9%
|
45.8%
|
|
| Current ratio |
4.3:1
|
5.4:1
|
|
| |
|
