Financial Information

This page provides access to the last four years of income and balance sheet information.

Abacus Property Group Profit and Loss

Profit and Loss

2018
$'000

2017
$'000

2016
$'000

2015
$'000

2014
$'000

 
Revenue          
Rental income 78,607 71,634 69,620 73,122 81,727
Storage income 73,825 69,687 61,343 55,100 49,658
Hotel income - - 321 1,853 1,833
Finance income 47,460 43,891 46,276 26,243 20,071
Fee income (Third party capital JV's and funds) 7,888 12,620 12,487 10,353 16,655
Sale of inventory 63,821 - 17,148 38,978 127,636
Net change in fair value of investment properties derecognised 17,304 36,775 3,813 27,576 11,396
Net change in fair value of investments and financial instruments derecognised 9,004 11,534 12,252 3,114 4,085
Net change in fair value of investment properties and property, plant & equipment held at balance date 60,724 74,773 74,029 29,430 22,131
Net change in fair value of derivatives 730 4,317 - - -
Net change in fair value of investments held at balance date - - 14 1,323 2,547
Share of profit from equity accounting investments 73,749 54,273 30,543 30,288 13,129
Other income - 3,453 - - -
Other unallocated revenue 4,542 7,524 472 590 590
Total consolidated revenue 437,754 386,028 319,954 285,699 333,475
Property expenses and outgoings (19,568) (15,174) (14,395) (15,075) (17,549)
Storage expenses (26,976) (25,939) (23,050) (21,043) (18,208)
Hotel expenses - - (483) (1,913) (1,986)
Depreciation, amortisation and impairment expenses (76) (5,278) (40,764) (7,096) (4,402)
Cost of inventory sales (50,388) - (16,573) (34,543) (113,712)
Administrative and other expenses (30,131) (25,363) (22,251) (22,856) (19,073)
Segment result 310,515 315,274 202,438 183,173 158,545
Impairment charge/loss on consolidation - - - - -
Net change in fair value of investments and derivatives (6,363) (15,537) 14 1,323, 2,547
Finance costs (30,473) (32,898) (31,340) (30,874) (34,828)
Profit/(loss) before tax 273,679 266,839 171,112 153,622 126,264
Income tax (expense)/benefit (28,813) (7,863) 2,232 (5,156) (14,244)
Net profit/(loss) for the year 244,866 258,976 173,344 148,466 112,020
less non-controlling interest 12 (1,044) (1) (833) (379)
Net profit/(loss) for the year attributable to members of the Group 244,878 257,932 173,343 147,633 111,641
 
Underlying earnings per security (cents) 31.7 32.7 22.4 24.5 20.8
FFO Per Security 29.4 27.4      
Distributions per security (cents) 18.0 17.5 17.0 17.0 16.75

Abacus Property Group Balance Sheet

Balance Sheet

2018
$'m

2017
$'m

2016
$'m

2015
$'m

2014
$'m

 
Property investment 1,464.2 1,201.6 994.1 847.7 909.0
Storage portfolio 666.3 629.5 574.4 457.2 415.2
Funds management investments - - 146.0 140.9 158.3
Property developments 449.4 448.3 499.6 418.9 309.2
Other investment - - - 12.2 11.2
Cash 73.3 27.6 36.3 28.2 53.7
Other assets 32.5 29.7 19.4 18.7 22.8
Goodwill and intangibles 32.4 32.4 32.5 33.3 33.3
Total Assets 2,718.1 2,369.1 2,302.3 1,957.1 1,912.7
Interest bearing liabilities 686.9 523.3 631.3 388.9 518.1
Other liabilities including derivatives 138.9 65.0 118.5 128.8 118.4
Total liabilities 825.8 588.3 749.8 517.7 636.5
Net Assets 1,892.3 1,780.8 1,552.5 1,439.4 1,276.2
 
NTA per security ($) 3.18 3.02 2.66 2.49 2.38
Gearing ratio (%) 23.3 20.5 25.8 18.2 23.4

 

Abacus Property Group Statement of Cashflow

Statement of Cashflow

2018
$'m

2017
$'m

2016
$'m

2015
$'m

2014
$'m

 
Cashflow from operating activities          
Net cashflows from operating activities 184,309 104,707 81,510 95,919 128,207
Net cashflows from/(used in) investing activities (225,211) 55,390 (220,488) (1,966) (56,858)
Net cashflows from/(used in) financing activities 86,628 (168,789) 146,986 (119,366) (47,408)
Net increase/(decrease) in cash and cash equivalents 45,726 (8,692) 8,008 (25,413) 23,941
Net foreign exchange differences (81) 47 79 (147) 108
Cash and cash equivalenst at beginnning of period 27,617 36,262 28,175 53,735 29,686
Cash and cash equivalents at end of period 73,262 27,617 36,262 28,175 53,735