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

2016
$'000

2015
$'000

2014
$'000

2013
$'000

2012
$'000

 
Revenue          
Rental income 69,602 73,122 81,727 70,813 76,485
Storage income 61,343 55,100 49,658 45,249 18,877
Hotel income 321 1,853 1,833 1,650 2,625
Finance income 46,276 26,243 20,071 21,680 27,951
Funds management income 12,487 10,353 16,655 17,058 19,503
Sale of inventory 2,971 38,978 127,636 56,347 -
Net change in fair value of investment properties derecognised 3,813 27,576 11,396 1,341 9,869
Net change in fair value of investments and financial instruments derecognised 12,252 3,114 4,085 6,854 510
Net change in fair value of investment properties and property, plant & equipment held at balance date 74,029 29,430 22,131 7,484 -
Net change in fair value of investments held at balance date 14 1,323 2,547 3,752 (6,865)
Share of profit from equity accounting investments 30,963 30,288 13,129 9,949 6,957
Other unallocated revenue 457 590 590 1,044 2,807
Total consolidated revenue 314,528 297,970 351,458 243,221 158,719
Property expenses and outgoings (14,027) (15,075) (17,549) (16,167) (16,237)
Storage expenses (23,050) (21,043) (18,208) (15,981) (6,568)
Hotel expenses (483) (1,913) (1,986) (1,820) (3,018)
Depreciation, amortisation and impairment expenses (42,554) (7,096) (4,402) (2,421) (2,951)
Cost of inventory sales (5,124) (34,543) (113,712) (48,176) -
Administrative and other expenses (22,194) (22,856) (19,073) (22,051) (20,995)
Segment result 207,096 195,444 176,528 136,605 108,950
Impairment charge/loss on consolidation - - - (18,943) (3,507)
Net change in fair value of derivatives (8,258) (10,948) (15,436) (3,612) (35,205)
Finance costs (31,337) (30,874) (34,828) (38,318) (43,860)
Profit/(loss) before tax 167,501 153,622 126,264 75,732 26,378
Income tax (expense)/benefit 2,232 (5,156) (14,244) (5,786) (1,185)
Net profit/(loss) for the year 169,733 148,466 112,020 69,946 25,193
less non-controlling interest (1) (833) (379) (1,595) (690)
Net profit/(loss) for the year attributable to members of the Group 169,732 147,633 111,641 68,351 24,503
 

Underlying Profit reconciliation

   

 

 

 

Net profit/(loss) for the year attributable to members of the Group 169,732 147,633 111,641 68,351 24,503
Certain significant items          
Net gain/(loss) in fair value of investment properties and property, plant & equipment held at balance date (74,029) (29,430) (22,131) (7,484) 4,958
Net change in property, plant & equipment remeasured at fair value - (435) 1,434 - -
Net change in fair value of investments and financial instruments held at balance date (14) (1,323) (2,547) (3,752) 1,908
Net change in fair value of derivatives 8,258 10,949 15,436 3,612 35,205
Net change in fair value of investment properties, inventory and property, plant & equipment included in equity accounted investments (11,575) 940 (2,554) 4,100 4,707
Impairment of land development at Muswellbrook 40,622        
Net tax benefit on significant items (8,983)        
Consolidation of Abacus Wodonga Land Fund       18,943  
Costs relating to the merger and restructuring of managed funds         5,564
Underlying profit attributable to Abacus securityholders 124,011 128,334 101,278 83,770 76,845
 
Underlying earnings per security (cents) 22.4 24.5 20.8 18.8 19.2
Distributions per security (cents) 17.0 17.0 16.75 16.5 16.5

Abacus Property Group Balance Sheet

Balance Sheet

2016
$'m

2015
$'m

2014
$'m

2013
$'m

2012
$'m

 
Investment property portfolio 994.1 847.7 909.0 887.6 928.0
Storage portfolio 574.4 457.2 415.2 373.4 339.5
Funds management investments 146.0 140.9 158.3 135.9 206.5
Property ventures investments 499.6 418.9 309.2 313.1 248.9
Other investment - 12.2 11.2 44.1 37.6
Cash 36.3 28.2 53.7 29.7 43.1
Other assets 19.4 18.7 22.8 25.5 29.0
Goodwill and intangibles 32.5 33.3 33.3 33.3 33.4
Total Assets 2,302.3 1,957.1 1,912.7 1,842.6 1,866.0
Interest bearing liabilities 631.3 388.9 518.1 593.2 590.3
Other liabilities including derivatives 118.5 128.8 118.4 155.0 105.9
Total liabilities 749.8 517.7 636.5 748.2 696.2
Net Assets 1,552.5 1,439.4 1,276.2 1,094.4 1,169.8
 
NTA per security ($) 2.66 2.49 2.38 2.32 2.34
Gearing ratio (%) 25.8 18.2 23.4 28.4 28.6

 

Abacus Property Group Statement of Cashflow

Statement of Cashflow

2016
$'m

2015
$'m

2014
$'m

2013
$'m

2012
$'m

 
Cashflow from operating activities          
Net cashflows from operating activities 81,532 95,919 128,207 153,569 70,865
Net cashflows from/(used in) investing activities (220,488) (1,966) (56,858) (101,910) (9,636
Net cashflows from/(used in) financing activities 146,986 (119,366) (47,408) (65,160) (84,371)
Net increase/(decrease) in cash and cash equivalents 8,030 (25,413) 23,941 (13,501) (3,870)
Net foreign exchange differences 79 (147) 108 73 45,502
Cash and cash equivalenst at beginnning of period 28,175 53,735 29,686 43,114 1,482
Cash and cash equivalents at end of period 36,284 28,175 53,735 29,686 43,114