Answer To: Goal: This assessment task has been designed to increase your knowledge of company financial...
Shakeel answered on Sep 15 2021
Financials
Financials
note: all monetary values are expressed in ($000s)
ARB CORPORATION LIMITED 2018 (AUD) 2017 (AUD) 2016 (AUD) 2015 (AUD) 2014 (AUD) 2013 (AUD) 2012 (AUD) 2011 (AUD) 2010 (AUD) 2009 (AUD)
Income Statement
Revenue from continuing operations ($000s) 423,975 382,599 356,905 329,755 297,779 294,509 271,843 256,553 230,313 192,367
Cost of sales ($000s) (188,167) (173,600) (159,876) (149,646) (131,764) (132,008) (127,896) (149,188) (137,095) (115,277)
Gross profit ($000s) 235,808 208,999 197,029 180,109 166,015 162,501 143,947 107,365 93,218 77,090
Other income ($000s) 2,469 2,320 4,319 3,601 2,168
Administrative expenses ($000s) (15,420) (13,201) (12,863) (12,251) (11,618) (9,993) (8,811) (8,415) (7,128) (6,418)
Finance costs ($000s) (320) (11) (170) (220) 0 0 0 0 (4) (524)
Share of associate profits/(losses) ($000s)
Profit/(loss) from continuing operations before income tax ($000s) 74,372 67,501 64,379 60,016 57,291 57,965 52,788 51,315 44,812 31,477
Income tax expense ($000s) (23,403) (18,349) (16,940) (15,923) (14,721) (15,607) (14,289) (13,461) (12,184) (8,938)
Profit from continuing operations after income tax ($000s) 50,969 49,152 47,439 44,093 42,570 42,358 38,499 37,854 32,628 22,539
Profit/(loss) from discontinued operations after tax ($000s)
Profit/(loss) from restructuring activites after tax ($000s)
Profit/(loss) from disposals of property, plant and equipment after tax ($000s)
Profit/(loss) from disposals of investments after tax ($000s)
Net profit for the period ($000s) 50,969 49,152 47,439 44,093 42,570 42,358 38,499 37,854 32,628 22,539
Attributable To:
Minority interest ($000s)
Members of the parent ($000s) 50,969 49,152 47,439 44,093 42,570 42,358 38,499 37,854 32,628 22,539
Weighted average number of ordinary shares for basic earnings per share (000s) 79,225 79,179 79,164 76,292 72,485 72,481 72,481 72,481,302 70,504,616 66,565,082
Weighted average number of ordinary shares for diluted earnings per share (000s)
Basic earnings per share from continuing operations (cents) 64 62 60 58 59 58 53 52 46 34
Diluted earnings per share from continuing operations (cents) 64 62 60 58 59 58 53 52 46 34
Basic earnings per share (cents) 64 62 60 58 59 58 53 52 46 34
Diluted earnings per share (cents) 64 62 60 58 59 58 53 52 46 34
EBITDA ($000s) 87,587 79,064 74,736 68,567 64,693 64,414 59,151 57,405 50,498 38,187
EBIT ($000s) 74,692 67,512 64,549 60,236 57,291 57,965 52,788 51,315 44,816 32,001
Expenses included in income statement
Depreciation of property plant and equipment ($000s) (10,969) (10,014) 0 (7,453) (6,327) (5,423) (5,392) (5,099) (4,709) (4,722)
Impairment of property plant and equipment ($000s) 0 0 0 0 0 0 0 0 0 0
Amortisation of intangible assets ($000s) (1,926) (1,538) 0 (878) (1,075) (1,026) (971) (991) (973) (1,464)
Other Depreciation and Amortisation Expense ($000s) (10,187)
Impairment of intangible assets ($000s) 0 0 0 0 0 0 0 0 0 0
Total depreciation, amortisation and impairment ($000s) (12,895) (11,552) (10,187) (8,331) (7,402) (6,449) (6,363) (6,090) (5,682) (6,186)
Salaries and wages ($000s)
Defined contribution superannuation expense ($000s)
Defined benefit superannuation expense ($000s)
Share-based payments expense ($000s)
Other employee benefits expense ($000s) (101,790) (89,776) (84,172) (77,012) (67,191) (65,029) (57,728) (50,574) (44,152) (38,281)
Total employee benefits expense ($000s) (101,790) (89,776) (84,172) (77,012) (67,191) (65,029) (57,728) (50,574) (44,152) (38,281)
Number of employees 863 752
Lease payments included in income statement ($000s)
Interest expense ($000s)
Finance charges payable under finance leases and hire purchase ($000s)
Other finance costs ($000s) (320) (11) (170) (220) (4) (524)
Total finance costs ($000s) (320) (11) (170) (220) (4) (524)
Research and development costs ($000s) (2,888) (2,025) (1,643)
Balance Sheet
Current Assets
Cash and cash equivalents ($000s) 9,187 27,643 13,776 10,054 38,835 43,764 33,234 30,695 20,903 2,790
Trade receivables ($000s) 55,065 49,766 42,389 40,374 37,840 35,725 34,225 30,179 31,564 27,592
Other receivables ($000s) 754 1,074 2,036 1,842 1,922 1,285 2,754 1,617 175 223
Raw materials ($000s) 24,561 21,842 21,756 17,825 15,870 12,417 11,461 9,328 913 2,143
Work-in-progress ($000s) 7,554 5,840
Finished goods ($000s) 84,158 66,178 65,185 59,996 54,573 46,311 39,409 32,749 31,907 27,655
Total inventories ($000s) 108,719 88,020 86,941 77,821 70,443 58,728 50,870 42,077 40,374 35,638
Prepayments ($000s) 4,167 2,625 2,988 3,380 1,580 366 384 268 223 182
Derivative financial instruments ($000s) 49 336 349 56 510
Other current assets ($000s) 0 0 0 0 0 0 0 0 0 0
Total current assets for continuing operations ($000s) 177,892 169,177 148,466 133,820 150,620 139,868 121,467 104,836 93,295 66,935
Assets held for sale ($000s)
Total current assets ($000s) 177,892 169,177 148,466 133,820 150,620 139,868 121,467 104,836 93,295 66,935
Non-current assets
Receivables ($000s)
Investments in associates ($000s) 0 0 0 0 0 0 0 0 0 0
Investments in subsidiaries ($000s)
Available for sale financial assets ($000s) 0 0 0 0 0 0 0 0 0 0
Derivative financial instruments ($000s)
Property, plant and equipment ($000s) 157,696 126,989 116,977 113,968 71,943 63,156 52,596 46,174 43,453 42,141
Intangible assets and goodwill ($000s) 25,657 24,550 23,699 19,798 17,034 13,247 11,297 11,199 10,300 10,781
Deferred tax assets ($000s) 3,411 2,527 2,666 2,283 2,167 2,780 2,748 2,415 2,188 271
Other non-current assets ($000s) 0 0 0 0 0 0 0 0 0 0
Total non-current assets ($000s) 186,764 154,066 143,342 136,049 91,144 79,183 66,641 59,788 55,941 53,193
TOTAL ASSETS ($000s) 364,656 323,243 291,808 269,869 241,764 219,051 188,108 164,624 149,236 120,128
TOTAL ASSETS FOR PREVIOUS YEAR ($000s) 323,243 291,808 269,869 241,764 219,051 188,108 164,624 149,236 120,128 114,160
Current liabilities
Trade payables ($000s) 22,927 21,703 21,028 22,559 25,762 24,063 17,773 20,226 20,547 14,943
Other payables ($000s) 17,339 13,576 6,726 6,315 4,440 4,159 7,406 3,155 4,961 2,939
Overdrafts ($000s)
Loans - secured ($000s) 4,000 2,000 1,500
Loans - unsecured ($000s)
Obligations under finance leases and hire purchase ($000s)
Loans from related parties ($000s)
Total current interest-bearing loans and borrowings ($000s) 4,000 2,000 1,500
Income tax payable/(refundable) ($000s) 3,323 2,810 2,482 902 3,192 3,833 3,343 4,846 6,056 3,452
Provisions ($000s) 13,022 11,695 10,673 10,758 9,528 8,738 7,730 6,655 5,705 4,814
Derivative financial instruments ($000s) 5 1 35 10 308 23 70
Other current liabilities ($000s) 0 0 0 0 0 0 0 0 0 0
Total current liabilities for continuing operations ($000s) 60,616 49,785 40,944 42,544 43,230 40,816 36,322 34,882 37,269 27,648
Liabilities directly associated with assets held for sale ($000s)
Total current liabilities ($000s) 60,616 49,785 40,944 42,544 43,230 40,816 36,322 34,882 37,269 27,648
Total current liabilities for previous year ($000s) 49,785 40,944 42,544 43,230 40,816 36,322 34,882 37,269 27,648 35,294
Non-current liabilities
Loans - secured ($000s)
Loans - unsecured ($000s)
Obligations under finance leases and hire purchase ($000s)
Loans from related parties ($000s)
Total non-current interest-bearing loans and borrowings ($000s)
Derivative financial instruments ($000s)
Deferred tax liabilities ($000s)
Provisions ($000s) 978 1,117 1,256 977 720 692 610 467 561 441
Convertible redeemable preference shares ($000s)
Other non-current liabilities ($000s) 0 0 0 0 0 0 0 0 0 0
Total non-current liabilities ($000s) 978 1,117 1,256 977 720 692 610 467 561 441
TOTAL LIABILITIES ($000s) 61,594 50,902 42,200 43,521 43,950 41,508 36,932 35,349 37,830 28,089
NET ASSETS ($000s) 303,062 272,341 249,608 226,348 197,814 177,543 151,176 129,275 111,406 92,039
Equity
Equity attributable to equity holders of the parent
Contributed equity ($000s) 109,801 107,221 106,938 106,774 46,758 46,618 46,618 46,618 46,618 25,887
Retained earnings...