SG Fleet Group Limitedinvestors.sgfleet.com/.../results/2016HY_report.pdf · 2017. 8. 7. ·...

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SG Fleet Group Limited ABN 40 167 554 574

www.sgfleet.com

The Manager, Listings Australian Securities Exchange ASX Market Announcements Level 14, Exchange Centre 20 Bridge Street Sydney NSW 2000 15 February 2016

Dear Sir,

Results for announcement to the market – half year ended 31 December 2015

The following are attached:

1. Half Year Report (ASX Appendix 4D) in accordance with ASX Listing Rules 4.2A and 4.2B; and

2. Interim Report - 31 December 2015.

Yours faithfully

Sarah Edwards

Company Secretary

SG FlAppeHalf-y

1. Com NameABN: RepoPrevio

2. Res Reve Profit Fleet Profit Limite Divide

Final divide On 152016 t CommThe p For aaccom

3. Net

Net ta

4. Con On 30note 1

eet Group Lndix 4D year report

mpany deta

e of entity:

rting period: ous period:

sults for ann

nues from or

from ordinarGroup Limite

for the half-yed

ends

dividend for end was paid

5 February 2to be paid on

ments rofit for the G

a Review ofmpanying this

t tangible as

angible asset

ntrol gained

0 November 14 to the fina

Limited

ails

nouncemen

rdinary activi

ry activities aed

year attributa

the period ed on 22 Octo

2016 the diren 21 April 20

Group after p

f Operationss Report.

ssets

ts per ordina

d over entitie

2015, the gancial statem

SG F 40 16 For t For t

nt to the mar

ities

after tax attrib

able to the ow

nded 30 Junber 2015 to s

ectors declar016.

providing for

s for the ha

ary security

es

group acquireents for furth

Fleet Group L67 554 574 he half-year he half-year

rket

butable to th

wners of SG

ne 2015, decshareholders

red a dividen

income tax a

alf-year ende

ed 100% of her details.

Limited

ended 31 Deended 31 De

he owners of

G Fleet Group

clared on 17 As registered

nd of 5.223 c

amounted to

ed 31 Dece

the ordinary

ecember 201ecember 201

up

SG dow

p dow

August 2015on 1 Octobe

cents per ord

$19,670,000

ember 2015

y shares of n

15 14

n

n

5. The final r 2015.

dinary share

0 (31 Decem

, please ref

nlc Pty Limite

9.2% to

0.2% to

0.2% to

Amount

secur Cent

6

e with a reco

mber 2014: $

fer to the A

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ed and its su

$'00

t per rity

Fraamou

sects Ce

6.117

rd date of 31

19,712,000).

ASX announ

ing od

Prevpe

s Ce

69.81)

ubsidiaries. R

00

93,326

19,670

19,670

anked unt per curity ents

6.117

1 March

.

ncement

vious eriod ents

(0.76)

Refer to

SG FlAppeHalf-y

5. Div The fo The Bdividedetermthe pe

6. Aud Detail The fiRepor

7. Att Detail The In

8. Sig

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eet Group Lndix 4D year report

vidend reinv

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Board of Direends payablemined by theeriod.

dit qualifica

ls of audit/rev

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achments

ls of attachm

nterim Repor

gned

ed ________

ew Reitzer rman ey

Limited

vestment pla

dend or distri

ectors has ee by SG Fleee Board from

ation or revie

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ements were

ments (if any)

rt of SG Flee

___________

ans

ribution plans

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time to time

ew

or qualificat

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:

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Reinvestmentvested in whoute discretio

the auditors

half-year end

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and the rev

ed 31 Decem

er which any t by a subscrend Reinves

view report is

mber 2015 is

Date

y shareholdeription for shstment Plan w

s attached a

s attached.

e: 15 Februa

r may elect ares at a pricwas activated

s part of the

ary 2016

that the ce to be d during

e Interim

SG

ABN

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N 40 167

erim Re

t Grou

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eport -

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ited

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SG FlDirect31 De

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AndreChair 15 FeSydne

eet Group Ltors' report

ecember 201

Directors prese 'Group') coes it controlle

tors ollowing perst, unless othe

ew Reitzer (Cie Blau yl Bart AO am Maloney r Mountford n Jankelowitzn Wundram (a

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ipal activitieg the financialary packag

ew of operatrofit for the G

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g the period,ncrease in ba

e were no oth

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ew Reitzer rman

ebruary 2016ey

Limited

15

sent their reonsisting of ed at the end

sons were Derwise stated

Chairman)

z (appointedappointed onrnate for Pet

es al half-year

ging services

tions Group after p

f Operationss Report.

ges in the ster 2015, thec is a specia

, the Group anking faciliti

her significan

ounts of a kind r

ting to 'roundand dollars, o

ndence decditor's indepeage. de in accord

Directors

6

port, togetheSG Fleet Gr of, or during

Directors of thd:

on 18 Augun 18 August er Mountford

the principals.

providing for

s for the ha

tate of affaire Group acqlist manager

increased itsies were use

nt changes in

referred to ding-off'. Amoor in certain

claration endence dec

dance with a

er with the firoup Limitedg, the half-ye

he Company

st 2015) 2015)

d)

l continuing a

income tax a

alf year end

rs quired nlc Pr and provide

s total bankied to partly fu

n the state of

in Class Orounts in this cases, the n

claration as r

a resolution

1

nancial stated (referred toear ended 31

y during the w

activities of

amounted to

ed 31 Dece

Pty Limited er of novate

ng facilities und the nlc a

f affairs of the

rder 98/100,report have earest dollar

required und

of Directors

RobbChie

ements, on to hereafter a December 2

whole of the

the Group c

$19,670,000

ember 2015

and its sud lease, con

from $56,74acquisition.

e Group duri

issued by been rounde

r.

er section 3

, pursuant to

bie Blau ef Executive O

the consolidaas the 'Comp2015.

financial hal

onsisted of m

0 (31 Decem

, please ref

bsidiaries ('nsumer vehic

2,000 as at

ng the financ

the Australied off in acco

07C of the C

o section 30

Officer

ated entity (rpany' or 'pa

lf-year and u

motor vehicl

mber 2014: $

fer to the A

'nlc') for totcle finance a

30 June 20

cial half-year

ian Securitieordance with

Corporations

06(3)(a) of th

referred to hrent entity')

up to the dat

e fleet mana

19,712,000).

ASX announ

tal consideraand vehicle s

15 to $168,5

r.

es and Inveh that Class O

s Act 2001 is

he Corporati

hereafter and the

e of this

agement

.

ncement

ation of sourcing

557,000.

estments Order to

s set out

ions Act

SG FlConte31 De

Conte StatemStatemStatemStatemNotesDirectIndep

eet Group Lents ecember 201

ents

ment of profitment of finanment of chanment of cashs to the financtors' declaratendent audit

Limited

15

t or loss andncial positionnges in equityh flows cial statemention tor's review r

other comp y

nts

report to the

rehensive inc

members of

3

come

f SG Fleet Grroup Limited

45 6 7 8

16 17

SG FlStatemFor th

Reve ExpeFleet EmploOccuDepreTechnOtherFinan Profit Incom ProfitSG F Other ItemsForeigEffect Other TotalFleet

BasicDilute

eet Group Lment of prohe half-year

The above

nue

nses managemenoyee benefitspancy costs eciation, amonology costsr expenses nce costs

t before inco

me tax expen

t after incomleet Group L

r comprehe

s that may begn currency tive portion o

r comprehen

comprehenGroup Limi

c earnings peed earnings p

Limited ofit or loss a

ended 31 D

e statement o

nt costs s expense

ortisation and

ome tax exp

nse

me tax expeLimited

nsive incom

e reclassifiedtranslation d

of changes in

sive income

nsive incomited

er share per share

nd other coDecember 20

of profit or los

d impairmen

pense

nse for the

me

d subsequentdifference forn fair value o

for the half-y

me for the ha

omprehensiv015

ss and otheracc

t

half-year att

tly to profit orforeign operf cash flow h

year, net of t

alf-year attrib

ve income

r comprehencompanying

4

tributable to

r loss rations hedges

tax

butable to th

sive income notes

o the owners

he owners o

Note

should be re

4

5

s of

of SG

16 16

Ce 31 Dec 2

$'000

ead in conjun

93

(23 (23 (2 (4 (1 (6 (2

29

(9

19

19

Cent

onsolidated2015 31 De0 $'

nction with th

3,326

3,862) (3,357) (2,193)4,245)

,653)6,724)2,208)

9,084

9,414)

9,670

158 (24)

134

9,804

ts Ce

8.05 7.96

d ec 2014000

he

85,429

(22,073)(22,459)

(2,053)(3,367)(1,733)(3,253)(1,908)

28,583

(8,871)

19,712

484 -

484

20,196

ents

8.12 8.12

SG FlStatemAs at

AsseCash FinanInvenLeaseDeferPropeIntang Total LiabiTradeDerivaIncomEmploDeferResidBorroVehicDefer Total Net a

EquitIssueReseRetai Total

eet Group Lment of fina31 Decemb

The ab

ts and cash eq

nce, trade antories ed motor vehrred tax erty, plant angibles

assets

lities e and other pative financia

me tax oyee benefitsrred tax dual risk provowings cle maintenanrred income

liabilities

assets

ty d capital rves ned profits

equity

Limited ancial positiber 2015

bove stateme

quivalents d other rece

hicle assets

nd equipment

payables al instrument

s

vision

nce funds

on

ent of financ

ivables

t

ts

ial position sshould be rea5

ad in conjunc

Note

ction with the

6 7

8 9

10

Ce 31 Dec 2

$'000

e accompany

78 45 7 18 1 365 516

59 3 6 2 10 155 62 26 327

189

267 (117 39 189

onsolidated2015 30 Ju0 $'

ying notes

8,081 5,763 7,552 8,547

- ,769

5,178 1

6,890 3

9,157 31

3,210 6,703 2,835 0,809 5,466 2,485 6,797

7,493 1

9,397 1

7,348 27,703) (19,752

9,397 1

d un 2015000

89,143 40,072

4,921 17,664 14,483

1,003 142,692

309,978

46,933 7

8,982 4,943

- 12,368 43,868 17,948 25,547

160,596

149,382

232,768 118,313)

34,927

149,382

SG FlStatemFor th

Cons Balan Profit Other Total TransShareDivide Balan

Cons Balan Profit Other Total TransContrShareDivide Balan

eet Group Lment of chahe half-year

The ab

solidated

nce at 1 July

after incomer comprehen

comprehens

sactions withe-based paymends paid (no

nce at 31 Dec

solidated

nce at 1 July

after incomer comprehen

comprehens

sactions withributions of ee-based paymends paid (no

nce at 31 Dec

Limited anges in equ

ended 31 D

bove stateme

2014

e tax expenssive income

sive income f

owners in thments ote 11)

cember 2014

2015

e tax expenssive income

sive income f

owners in thequity, net of ments ote 11)

cember 2015

uity December 20

ent of change

se for the halfor the half-y

for the half-y

heir capacity

4

se for the halfor the half-y

for the half-y

heir capacity transaction c

5

015

es in equity s

f-year year, net of t

year

y as owners:

f-year year, net of t

year

y as owners:costs (note 1

should be rea6

tax

tax

10)

ad in conjunc

Issued capital $'000

232,768

--

-

--

232,768

Issued capital $'000

232,768

--

-

34,580 --

267,348

ction with the

Reserves

$'000

(119,37

48

48

24

(118,64

Reserves

$'000

(118,31

13

13

47

(117,70

e accompany

Retains profit

$'000

72) 15

- 1984

84 19

44 - (9

44) 25

Retains profit

$'000

13) 34

- 1934

34 19

- 76

- (14

03) 39

ying notes

ned Tots eq0 $'

5,620 1

9,712 -

9,712

-9,708)

5,624 1

ned Tots eq0 $'

4,927 1

9,670 -

9,670

--

4,845) (

9,752 1

otal quity 000

129,016

19,712 484

20,196

244 (9,708)

139,748

otal quity 000

149,382

19,670 134

19,804

34,580 476

(14,845)

189,397

SG FlStatemFor th

CashRecePaymIntereIntereIncom Net ca CashPaymAcquiProcePaymPaymProce Net ca CashProceRepaDivide Net ca Net inCash Effect Cash

eet Group Lment of cashe half-year

The

flows fromipts from cus

ments to suppest received est and otherme taxes paid

ash from ope

flows fromment for purch

isition of leaseeds from dis

ments for propments for intaeeds from dis

ash used in

flows fromeeds from boyment of borends paid

ash from/(us

ncrease/(decand cash eq

ts of exchang

and cash eq

Limited sh flows

ended 31 D

e above state

operating astomers (inclpliers and em

r finance cosd

erating activi

investing ahase of subsse portfolio asposal of leaperty, plant angibles sposal of pro

investing act

financing aorrowings rrowings

sed in) financ

crease) in casquivalents at ge rate chan

quivalents at

December 20

ement of cas

activities usive of GST

mployees (inc

sts paid

ities

activities sidiary, net ofassets se portfolio a

and equipme

operty, plant

tivities

activities

cing activities

sh and cash the beginnin

nges on cash

the end of th

015

sh flows shou

T) clusive of GS

f cash acquir

assets ent

and equipme

s

equivalentsng of the finah and cash eq

he financial h

uld be read i7

ST)

red

ent

ancial half-yequivalents

half-year

in conjunction

ear

Note

n with the ac

14

Ce 31 Dec 2

$'000

ccompanying

101 (61 1 (2 (13 25

(127 (14 10 (1 (132

151 (40 (14 96

(11 89 78


g notes

,103 ,351) (,029

2,208)3,400)

5,173

7,781)4,542) (0,819 (353),001)

33

2,825)

,650 0,219)4,845)

6,586 (

,066)9,143

4

8,081

d ec 2014000

98,662 (66,767)

921 (1,908)(5,726)

25,182

- (11,287)10,259

(233)(509)

-

(1,770)

6,160 (9,544)(9,708)

(13,092)

10,320 57,906

331

68,557

SG FlNotes31 De

Note The fi'parenprese SG Floffice Level20 BrPymb A desis not The fiDirect Note 2 TheseprepaAct 20Finan Thesestatem30 Junthe co The pinterim New, The GAustra The aperforany sior Inte Note IdentifThe GTheseidentifresou The Cadoptsegme IntersIntersthat eelimin

eet Group Ls to the finanecember 201

1. General i

nancial statent entity') andnted in Austr

eet Group Land principa

2, Building 3ridge Street ble NSW 207

scription of thpart of the fi

nancial statetors have the

2. Significan

e general purred in accord001, as apprcial Reportin

e general puments. Accorne 2015 and

ontinuous dis

principal accm reporting p

revised or aGroup has aalian Accoun

adoption of trmance or poignificant imperpretations t

3. Operating

fication of repGroup is orge operating sfied as the Crces. There i

CODM revieed for internent informati

egment receegment loanarn or incur

nated on cons

Limited ncial statem15

nformation

ements coved the entitiesralian dollars

imited is a lisal place of bu

3

73

he nature of tnancial state

ements weree power to am

nt accountin

rpose financdance with Aropriate for fong Standard

rpose financrdingly, thesed any public asclosure requ

counting poliperiod, unless

amending Aadopted all onting Standar

these Accouosition of thepact for the fthat are not y

g segments

portable opeganised into segments areChief Operatiis no aggreg

ews EBITDAnal reportingon for 31 De

eivables, payns are initiallynon-market solidation.

ments

r SG Fleet Gs it controlleds, which is SG

sted public cusiness is:

the Group's ements.

e authorised fmend and re

ng policies

cial statemenAustralian Acor-profit orieIAS 34 'Inter

cial statemene financial stannouncemeuirements of

cies adoptes otherwise s

Accounting Sof the new, rds Board ('A

unting Stande Group durinfull financial yyet mandato

erating segmgeographic

e based on thng Decision ation of oper

A (earnings g to the COecember 201

yables and loy recognisedinterest are

Group Limitedd at the end oG Fleet Grou

company limi

operations a

for issue, in issue the fina

ts for the intccounting Stanted entities

rim Financial

nts do not intatements arents made bythe Corpora

d are consisstated.

Standards arevised or a

AASB') that a

dards and Inng the financyear ending ry have not b

ents operating se

he internal reMakers ('COrating segme

before interDM are con5 includes in

oans d at the consnot adjusted

8

d as a Groupof, or during,up Limited's f

ited by share

and its princi

accordance ancial statem

terim half-yeaandard AAS

s. Complianc Reporting'.

nclude all there to be ready the Compa

ations Act 200

stent with th

and Interpreamending Aare mandator

nterpretationcial half-year 30 June 201been early a

egments: Aueports that aODM')) in assents.

rest, tax, densistent withnformation re

sideration recd to fair value

p consisting o, the half-yeafunctional an

es, incorpora

pal activities

with a resoluments.

ar reporting B 134 'Interi

ce with AASB

e notes of th in conjuncti

any during th01.

hose of the

tations adoAccounting Sry for the cur

s did not haended 31 D

16. Any new,dopted.

ustralia, Newre reviewed sessing perfo

epreciation a those adop

elating to nlc.

ceived. Interse based on m

of SG Fleet Gar (the 'Ground presentati

ated and dom

s are included

ution of Direc

period endedm Financial B 134 ensure

e type normon with the ae interim rep

previous fin

pted tandards anrrent reportin

ave any sigecember 201, revised or a

w Zealand, Uand used byormance and

and amortisapted in the f.

segment loanmarket intere

Group Limitep'). The finaion currency

miciled in Aus

d in the Dire

ctors, on 15

d 31 DecemReporting' aes complianc

mally includedannual reporporting period

nancial year

nd Interpretang period.

nificant impa15 and are namending Ac

United Kingdy the Board od in determin

ation). The financial sta

ns receivableest rates. Inte

ed (the 'Comncial stateme.

stralia. Its re

ectors' Repor

February 20

ber 2015 havand the Corpce with Inter

d in annual frt for the yead in accordan

and corres

ations issued

act on the fnot expected ccounting Sta

dom and Coof Directors (wning the alloc

accounting atements. Au

e and loans ersegment lo

pany' or ents are

gistered

rt, which

016. The

ve been orations rnational

financial ar ended nce with

ponding

d by the

financial to have

andards

orporate. who are cation of

policies ustralian

payable oans are

SG FlNotes31 De

Note Opera Cons ReveSalesIntereTotal EBITDDepreFinanProfittax exIncomProfitexpen AsseSegmTotal LiabiSegmTotal Cons ReveSalesIntereTotal EBITDDepreFinanProfittax exIncomProfitexpen Cons AsseSegmTotal LiabiSegmTotal


3. Operating

ating segmen

solidated - 3

nue s to external cest income

revenue

DA eciation and nce costs t/(loss) befoxpense

me tax expent after incomnse

ts ment assets

assets

lities ment liabilities

liabilities

solidated - 3

nue s to external cest income

revenue

DA eciation and nce costs t/(loss) befoxpense

me tax expent after incomnse

solidated - 3

ts ment assets

assets

lities ment liabilities

liabilities


g segments

nt information

1 Dec 2015

customers

amortisation

ore income

nse me tax

s

1 Dec 2014

customers

amortisation

ore income

nse me tax

0 Jun 2015

s

ments

(continued

n

Austra $'00 87 1 88 38

n (2

35

494 314

Austra $'00 80 81 33

n (1

31

287 148

)

alia New Z0 $

7,847 1,015 8,862

8,032 2,636) (268)

5,128

4,309

4,603

alia New Z0 $

0,845 900

1,745

3,353 1,838) (275)

1,240

7,558

8,573

9

Zealand'000

1,905 9

1,914

619 (541)(122)

(44)

9,631

6,534

Zealand'000

1,192 15

1,207

85 (272)

-

(187)

6,261

3,293

United

Kingdom $'000

2,744 5

2,749

416 (1,068)

(145)

(797)

12,950

6,356

United

Kingdom $'000

2,648 4

2,652

655 (1,257)

(126)

(728)

16,159

8,730

Corporate$'000

(3,53

(1,66

(5,20

Corporate$'000

(23

(1,50

(1,74

Intersegm eliminati

e unalloca $'000

- - -

34) -

69)

03)

-

-

Intersegm eliminati

e unalloca $'000

- 2 2

38)

- 04)

42)

-

-

mentons/ated To0 $'

(199)-

(199)

4 -

(4)

-

- 55

- 33

mentons/ated To0 $'

(177)-

(177)

3 -

(3)

-

- 33

- 11

otal 000

92,297 1,029

93,326

35,537 (4,245)(2,208)

29,084 (9,414)

19,670

516,890 516,890

327,493 327,493

otal 000

84,508 921

85,429

33,858 (3,367)(1,908)

28,583 (8,871)

19,712

309,978 309,978

160,596 160,596

SG FlNotes31 De

Note 4 SalesManaAdditiFundiEnd oRentaOther OtherIntere Reve

Note Other nlc acOther Total

Note Cash Secur

Securfinanc


4. Revenue

s revenue agement andional producting commissof lease incomal income r income

r revenue est

nue

5. Other exp

expenses in

cquisition cosr expenses

other expen

6. Cash and

at bank red cash

red cash repciers under it


maintenancts and servic

sions me

penses

ncludes the fo

sts

ses

d cash equiv

presents cashs lease portf

ments

ce income ces

ollowing spe

valents

h held by thefolio facilities

ecific expense

e Group as rs and are not

10

es:

required undt available as

der the fundins free cash fo

ng arrangemor the purpos

C 31 Dec 2 $'000 34 27 15 5 5 2 92 1 93

C 31 Dec 2 $'000 3 3 6

C 31 Dec 2 $'000 62 15 78

ment betweense of operatio


4,418 7,328 5,890 5,867 5,930 2,864 2,297

,029

3,326


3,218 3,506

6,724


2,402 5,679

8,081

n the Group ons of the G

d ec 2014000

30,653 24,482 15,075

5,926 5,354 3,018

84,508

921

85,429

d ec 2014000

- 3,253

3,253

d un 2015000 79,210

9,933

89,143

and the roup.

SG FlNotes31 De

Note Good BrandLess: CustoLess:Less: SoftwLess:

ReconRecon Cons BalanAdditiAdditi14) Amor Balan

AccouThe bexpec AccouThe cperiod Note TradeAccru

Tradeand a


7. Intangible

will - at cost

d name - at cAccumulate

omer contracAccumulateImpairment

ware - at costAccumulate

nciliations nciliations of

solidated

nce at 1 July ions ions through

rtisation expe

nce at 31 Dec

unting policy brand name acted benefit,

unting policy customer cond of their exp

8. Trade and

e payables ued expenses

e payables incash lock-up


es

cost ed amortisatio

cts - at cost ed amortisatio

t ed amortisatio

the written d

2015

business co

ense

cember 2015

for brand naacquired throbeing a finite

for customentracts acqu

pected benef

d other paya

s

nclude residup of $15,679

ments

on

on

on

down values

ombinations

5

ame ough the nlc e useful life o

r contracts uired throughit, being thei

ables

ual values pa9,000 (30 Jun

at the begin

Go $' 1

(note 1

3

business coof 10 years.

h the nlc busr finite usefu

ayable to finne 2015: $9,9

11

ning and end

oodwill '000

136,460

-

169,110 -

305,570

ombination is

siness combl lives of 10 y

nanciers, whi933,000) and

d of the curre

Brand name $'000

--

7,800 (65)

7,735

s amortised o

bination are years.

ich are secud bank guara

ent financial

Customer contracts

$'000

64

43,60(36

43,88

on a straight

amortised o

red by the uantees.

C 31 Dec 2 $'000 305 7 7 45 (1 43 10 (2 7 365

half-year are

r Softwa $'000

49 5- 1

00

163)

86 7

t-line basis o

on a straight

C 31 Dec 2 $'000 52 6 59

underlying op


5,570 1

7,800 (65)

7,735

5,328 (363),079)

3,886

0,194 2,207)7,987

5,178 1

e set out belo

are To0 $'

5,583 1,001

,775 2(372)

7,987 3

over the perio

t-line basis o


2,243 6,914

9,157

perating leas

d un 2015000

136,460

- - -

1,728 -

(1,079)649

6,690 (1,107)5,583

142,692

ow:

otal 000

142,692 1,001

222,285 (800)

365,178

od of its

over the

d un 2015000 39,148

7,785

46,933

se asset

SG FlNotes31 De

Note Bank Lease

Total The to Bank Lease

AssetBankiThe bguaraloans repaydate 2 LeaseThe leletter with th FinanUnres Total

BaLe

Used

BaLe

Unuse

BaLe


9. Borrowin

loans e portfolio lia

secured liabotal secured

loans e portfolio lia

ts pledged asing facilities banking facintees and dincreased b

able by paym29 Novembe

e portfolio liabease portfolioof credit, cahe amortisati

cing arrangestricted acces

facilities anking facilitiease portfolio

at the reportanking facilitiease portfolio

ed at the repanking facilitiease portfolio


ngs

abilities

ilities liabilities are

abilities

s security

lity is securebentures isby $110,000ment of $3,7r 2019.

bilities o liabilities ash lock-ups ion schedule

ements ss was availa

ies o facilities

ting date ies o facilities

porting date ies o facilities

ments

e as follows:

red by guarssued by the0,000 which 750,000 eve

re secured band guarant

e of the unde

able at the re

rantees and e Group. The

was used try quarter fo

by the underltees. These

erlying assets

eporting date

12

indemnitiese Group incrto partly funor next four

lying fundedfacilities are

s.

e to the follow

s as well asreased its band nlc acquiyears and a

assets and e interest bea

wing lines of

s fixed and anking facilitisition (refer bullet paym

lease agreearing and ar

credit:

C 31 Dec 2 $'000 142 13 155

C 31 Dec 2 $'000 142 13 155

floating chaties during thr to note 14ment of $82,2

ments, togetre repaid mo

C 31 Dec 2 $'000 168 40 209 159 13 172 9 27 36


2,250 3,216

5,466


2,250 3,216

5,466

arges or cohe period. Th4). The facili250,000 on

ther with irreonthly in acco


8,557 0,546 9,103

9,361 3,216 2,577

9,196 7,330 6,526

d un 2015000 32,250 11,618

43,868

d un 2015000 32,250 11,618

43,868

omposite he bank ties are maturity

evocable ordance

d un 2015000

56,742 40,714 97,456

49,157 11,617 60,774

7,585 29,097 36,682

SG FlNotes31 De

Note Ordin

Movem Detai BalanShare Balan

Note Divide Final 22 Oc

On 155.223 This eDecem Note Unlestrade value rate th ValuaDerivaof obs Note The Goperaagreevalue letters An aman on The GGroup


10. Equity -

ary shares -

ments in ord

ls

nce es issued on

nce

11. Equity -

ends paid du

dividend for ctober 2015

5 February 2cents per o

equates to amber 2015.

12. Fair valu

s otherwise receivables of financial

hat is availab

tion techniquative financiaservable mar

13. Conting

Group has enting leases ments, at theamount to th

s of credit ha

mount of $10erous pool b

Group has exp in favour of


issued cap

fully paid

dinary share c

acquisition o

dividends

ring the finan

the period e(2014: 4 cen

2016, the Dirrdinary share total estima

ue measure

stated, the and trade paliabilities is

ble for similar

ues for fair vaal instrumentrket data whe

ent liabilitie

ntered into ais transferre

e end of the he financier. ve been issu

0,809,000 (30basis, to cove

xecuted certaf funders as s

ments

ital

capital

of nlc Pty Ltd

ncial half-yea

nded 30 Junnts)

rectors declaes, to be paiated distribut

ment

carrying amayables are estimated byr financial ins

alue measurts have beenere it is avail

es

agreements wed from thecontractual The Group t

ued to lease

0 June 2015er potential s

ain guarantesecurity for b

d

ar were as fo

ne 2015 of 6.

ared a fully fid on 21 Aprtion of $13,1

ounts of finaassumed to y discountingstruments.

rements caten valued usinable and reli

with its leasee financier olease term fthen sells theportfolio fina

: $12,368,00shortfalls on t

ees and indebanking and

13

31

25

Date 1 July 201530 Novembe 31 Decembe

ollows:

.117 cents pe

franked interril 2016 to eli51,000, bas

ancial instrumapproximate

g the remain

egorised withng quoted mies as little a

e portfolio fiof the assetfor each vehe vehicles an

anciers as se

00) has beenthe disposal

emnities, as wlease portfo

1 Dec 2015Shares

51,791,826

er 2015

er 2015

er ordinary s

rim dividend igible shareh

sed on the n

ments reflece their fair vaning contract

hin level 2 anmarket rates.

s possible on

nanciers undto the Gro

icle, the Grond realises a

ecurity for the

n recognisedof these veh

well as fixedlio facilities p

Cons30 Jun 201

Shares

242,691,82

Shares

242,691,829,100,00

251,791,82

hare paid on

for the perioholders on thumber of ord

cts their fair alues due to tual maturitie

d level 3 This valuation entity spec

der which thoup at the eup is obliged

a profit or losese obligation

as a residuahicles.

and floatingprovided to th

solidated 5 31 Dec 2

$'000

26 267

Issue p

26 00 $

26

C 31 Dec 2 $'000

n 14

od ended 31he register asdinary share

value. The ctheir short-t

es at the cur

on techniquecific estimate

e residual vend of the d to pay the ss on sale. Bns.

al value prov

g charges ovhe Group.

2015 30 Ju0 $'

7,348 2

price $'

2$3.80

2


4,845

December s at 31 Marc

es on issue a

carrying amoerm nature. rrent market

e maximises es.

alue risk inhlease. Undeguaranteed ank guarant

vision, calcu

ver the asset

un 2015000

232,768

'000

232,768 34,580

267,348

d ec 2014000

9,708

2015 of ch 2016. as at 31

ounts of The fair interest

the use

herent in er these residual ees and

lated on

ts of the

SG FlNotes31 De

Note On 30total c nlc is goodwacquisprocetax foto rev None The fathe Co The GTheseincom The v Detail Cash TradePrepaInvenPropeBrandCustoSoftwTradeProvisDeferEmploVehicDefer Net aGood Acqui

RepreCash SG F

Cash Cash Less: Net ca


14. Busines

0 November consideration

a specialist will of $169,1sition, the fusses within tr the period enue and $3

of the goodw

air value of 9ompany at 3

Group incurree costs have

me.

alues identifi

s of the acqu

and cash eqe receivablesayments tories

erty, plant and name omer contrac

ware e payables sion for incomrred tax liabiloyee benefitscle maintenanrred income

ssets acquirewill

isition-date fa

esenting: paid or paya

leet Group L

used to acqpaid to vendcash and ca

ash used


ss combinat

2015, the Grn transferred

manager an110,000 is auture growththe acquiredfrom 30 Nov

3,964,000 to

will recognise

9,100,000 ord0 November

ed acquisitioe been includ

ied in relatio

uisition are a

quivalents s

nd equipment

cts

me tax ity s nce funds

ed

air value of t

able to vendoLimited share

uire businesdor ash equivale

ments

tions

roup acquireof $211,335

nd provider oattributable toh prospects d entity. The vember 2015profit before

ed is expecte

dinary sharer 2015 of $3.8

on-related coded in other

n to the acqu

as follows:

t

he total cons

or es issued to v

ss, net of cas

nts

d 100% of th5,000.

of novated leo the expect

of new pronlc acquisiti

5 to 31 Decetax if the ac

ed to be ded

s issued to s80 per share

osts of $3,21r expenses i

uisition of nlc

sideration tra

vendor

h acquired:

14

he ordinary s

ease, consuted synergiesoducts and on contribut

ember 2015. cquisition had

uctible for in

settle part of e.

18,000 on trn the Group

c are provisio

ansferred

shares of nlc

mer vehicle s and cross-initiatives toed $4,129,00The nlc acq

d occurred on

come tax pu

the conside

ransaction adp’s statemen

onal as at 31

Pty Limited

finance and-selling oppoogether with 00 to revenuuisition wouln 1 July 2015

rpose.

ration was b

dvisory, legat of profit or

December 2

and its subs

d vehicle souortunities tha

the skills bue and $825ld have cont5.

based on the

al fees and dr loss and o

2015.

idiaries ('nlc'

urcing servicat will arise fbase and o,000 to profiributed $25,4

listed share

due diligencther compre

Fair $'

(

(

1

2

1

2

1(

1

') for the

ces. The from the perating it before 495,000

price of

e costs. ehensive

value 000 48,974

4,363 403 179 666

7,800 43,600

1,775 (9,685)

(776)(14,756)

(1,367)(37,556)

(1,395)

42,225 169,110

211,335

176,755 34,580

211,335

176,755 (48,974)

127,781

SG FlNotes31 De

Note All tra Note Apart 2015 the Gr Note Profit

WeighAdjus

Op Weigh

BasicDilute


14. Busines

de receivabl

15. Events a

from the divthat has sigroup's state o

16. Earnings

after income

hted averagestments for captions over o

hted average

c earnings peed earnings p


ss combinat

es are expec

after the rep

vidend declanificantly affof affairs in f

s per share

e tax attributa

e number of alculation of

ordinary shar

e number of

er share per share

ments

tions (contin

cted to be co

porting perio

red as disclofected, or mafuture financi

able to the o

ordinary shadiluted earn

res

ordinary sha

nued)

ollectible at th

od

osed in note ay significanial years.

wners of SG

ares used in cings per sha

ares used in c

15

he acquisitio

11, no othetly affect the

G Fleet Group

calculating bare:

calculating d

on date.

r matter or ce Group's op

p Limited

basic earning

diluted earnin

circumstanceperations, the

gs per share

ngs per share

e has arisen e results of t

C 31 Dec 2 $'000 19

Numb 244,274 2,988

e 247,262

Cent

since 31 Dethose operat


9,670

ber Num

4,435 242,6

8,021

2,456 242,6

ts Ce

8.05 7.96

ecember tions, or

d ec 2014000 19,712

mber

691,826

-

691,826

ents

8.12 8.12

SG FlDirect31 De

In the ● th

AAre

● th

D ● th

an Signe On be

AndreChair 15 FeSydne

eet Group Ltors' declara

ecember 201

Directors' op

he attached fASB 134 'Int

equirements;

he attached ecember 201

here are reasnd payable.

d in accorda

ehalf of the D

ew Reitzer rman

ebruary 2016ey

Limited ation 15

pinion:

financial statterim Financ

financial sta15 and of its

sonable grou

ance with a re

Directors

6

tements andial Reporting

atements anperformance

unds to believ

esolution of D

d notes compg', the Corpo

nd notes give for the fina

ve that the C

Directors ma

16

ply with the rations Regu

ve a true anancial half-ye

Company wil

ade pursuant

RobbChie

Corporationsulations 2001

nd fair view ear ended on

l be able to

t to section 3

bie Blau ef Executive O

s Act 2001, 1 and other m

of the Grouthat date; an

pay its debts

03(5)(a) of th

Officer

Australian Amandatory p

up's financiand

s as and whe

he Corporati

Accounting Srofessional r

al position a

en they beco

ons Act 200

Standardreporting

as at 31

ome due

1.

SG Fleet Group Limitedinvestors.sgfleet.com/.../results/2016HY_report.pdf · 2017. 8. 7. ·...

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Transcript of SG Fleet Group Limitedinvestors.sgfleet.com/.../results/2016HY_report.pdf · 2017. 8. 7. ·...