|
Annual Report to
Shareholders 1997
3 - Seven Year
History
|
|
1991
|
1992
|
1993
|
1994
|
1995
|
1996
|
1997
|
|
|
$'000
|
$'000
|
$'000
|
$'000
|
$'000
|
$'000
|
$'000
|
|
EARNINGS SUMMARY
|
|
Sales revenue
|
150,686
|
169,222
|
187,969
|
210,957
|
231,853
|
282,881
|
299,353
|
|
|
|
|
|
|
|
|
|
|
Operating profit before interest
and tax
|
22,714
|
29,176
|
34,802
|
42,076
|
49,219
|
60,273
|
60,518
|
|
|
|
|
|
|
|
|
|
|
Operating profit before
tax
|
18,632
|
25,109
|
33,781
|
41,090
|
46,224
|
52,720
|
53,251
|
|
|
|
|
|
|
|
|
|
|
Operating profit after
tax
|
11,229
|
15,099
|
19,240
|
27,820
|
31,609
|
33,375
|
33,941
|
|
|
|
|
|
|
|
|
|
|
Operating profit after tax and
outside equity interests
|
10,515
|
13,815
|
17,960
|
26,167
|
29,732
|
31,529
|
32,198
|
|
BALANCE SHEET SUMMARY
|
|
|
|
|
|
|
|
|
Total assets
|
196,081
|
240,345
|
250,172
|
271,158
|
336,188
|
430,382
|
436,855
|
|
|
|
|
|
|
|
|
|
|
Total liabilities
|
76,868
|
64,815
|
62,488
|
71,642
|
119,006
|
198,937
|
189,604
|
|
|
|
|
|
|
|
|
|
|
Net assets
|
119,213
|
175,530
|
187,684
|
199,516
|
217,182
|
231,359
|
247,251
|
|
|
|
|
|
|
|
|
|
|
Shares on issue
|
26,521
|
35,361
|
35,361
|
106,082
|
106,082
|
159,123
|
159,123
|
|
|
|
|
|
|
|
|
|
|
KEY INDICATORS
|
|
|
|
|
|
|
|
|
Annual dividend - $,000
(4)
|
5,304
|
6,365
|
8,840
|
13,260
|
14,851
|
16,443
|
16,936
|
|
|
|
|
|
|
|
|
|
|
Earnings per share (1)
(2)
|
$0.087
|
$0.100
|
$0.113
|
$0.164
|
$0.187
|
$0.198
|
$0.202
|
|
|
|
|
|
|
|
|
|
|
Dividends per share - ordinary
(2) (4)
|
$0.040
|
$0.047
|
$0.053
|
$0.083
|
$0.093
|
$0.100
|
$0.103
|
|
- preferred
|
|
|
|
|
|
$0.110
|
$0.113
|
|
|
|
|
|
|
|
|
|
|
Net assets per share (2)
(3)
|
$0.91
|
$1.06
|
$1.11
|
$1.25
|
$1.37
|
$1.45
|
$1.55
|
|
|
|
|
|
|
|
|
|
|
Number of employees
|
1,667
|
1,779
|
1,856
|
2,058
|
2,281
|
2,813
|
2,903
|
|
|
|
|
|
|
|
|
|
|
Interest bearing Debt to Equity
- %
|
34.0%
|
10.5%
|
6.2%
|
7.7%
|
26.5%
|
47.4%
|
46.4%
|
|
|
|
|
|
|
|
|
|
|
Net Interest Cover (times
covered)
|
4.7
|
7.2
|
34.1
|
42.7
|
16.4
|
8.0
|
8.3
|
|
|
|
|
|
|
|
|
|
|
Return on Average Shareholders
Funds
|
9.8
|
10.0
|
10.5
|
14.3
|
15.1
|
14.8
|
14.1
|
|
|
|
|
|
|
|
|
|
|
Dividend Payout Ratio
(4)
|
50.4%
|
46.0%
|
47.2%
|
50.7%
|
50.0%
|
52.2%
|
52.6%
|
|
|
|
|
|
|
|
|
|
|
Profit before interest and tax
to sales
|
15.1%
|
17.2%
|
18.5%
|
19.9%
|
21.2%
|
21.3%
|
20.2%
|
|
|
|
|
|
|
|
|
|
|
Growth in sales
|
21.9%
|
12.3%
|
11.1%
|
12.2%
|
9.9%
|
22.0%
|
5.8%
|
|
|
|
|
|
|
|
|
|
|
Growth in operating profit
before interest and tax
|
6.0%
|
31.6%
|
19.3%
|
20.9%
|
16.9%
|
22.5%
|
0.4%
|
|
