APN - 30 June 2008 Half Year Results
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APN News & Media Limited (APN) | 10:45 am, Tuesday 12 August 2008 | APN | 3.240 |
 0 |
(+0.00%) |
CONSOLIDATED INCOME STATEMENT
HALF-YEAR ENDED 30 JUNE 2008
Note June 2008 June 2007
$'000 $'000
Revenue before finance income 2,3 624,470 627,526
Other income 3 15,890 15,015
Expenses before finance costs (508,149) (504,753)
Finance income 2,301 2,329
Finance costs (39,595) (33,042)
Net finance costs (37,294) (30,713)
Share of profits of associates 2,133 2,426
Profit before income tax expense
97,050 109,501
Income tax expense 4 (10,662) (17,671)
Profit from continuing operations 86,388 91,830
Net profit attributable to minority interest (14,448) (19,352)
Net profit attributable to members of the parent entity 71,940
72,478
Reconciliation of net profit before non-recurring items
Net profit before non-recurring items, net of tax 72,260 73,169
Non-recurring items, net of tax and minority interest (320) (691)
Net profit attributable to members of the parent entity 71,940 72,478
cents cents
Basic earnings per share 14.7 15.2
Diluted earnings per share 14.7 14.9
CONSOLIDATED BALANCE SHEET
AS AT 30 JUNE 2008
Note June 2008 Dec 2007
$'000 $'000
Current assets
Cash and cash equivalents 41,849 88,814
Receivables 214,388 246,380
Inventories 16,183 21,988
Tax assets 4,861 5,628
Other 28,536 29,998
Total current assets 305,817 392,808
Non-current assets
Receivables 5,427 9,289
Other financial assets 28,974 37,334
Investments accounted for using the equity method 32,408 29,155
Property, plant and equipment 289,180 298,863
Intangible assets 6 1,725,465 1,813,369
Total non-current assets 2,081,454 2,188,010
Total assets 2,387,271 2,580,818
Current liabilities
Payables 146,141 178,296
Derivative financial instruments 95 2,093
Interest bearing liabilities 16,009 94,768
Current tax provisions 12,749 18,941
Provisions 6,961 7,530
Total current liabilities 181,955 301,628
Non-current liabilities
Payables 4,840 5,162
Interest bearing liabilities 904,372 840,905
Deferred tax liabilities 127,746 156,001
Provisions 1,517 1,352
Total non-current liabilities 1,038,475 1,003,420
Total liabilities 1,220,430 1,305,048
Net assets 1,166,841 1,275,770
Equity
Contributed equity 918,404 916,572
Reserves (52,912) 13,467
Retained profits 70,951 101,772
Total parent entity interest 936,443 1,031,811
Minority interest 230,398 243,959
Total equity 1,166,841 1,275,770
