Full Year Results - 31 June 2008
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ASB Capital Limited (ASBPA) | 2:18 pm, Friday 11 July 2008 | ASBPA | 0.895 |
 0.015 |
(+1.70%) |
11 July 2008
ASB Capital Limited (ASBPA) - Appendix 1 Preliminary Full Year Report
Announcement and Appendix 7 Notice of Event Affecting Securities
Please find attached:
1. Appendix 1 preliminary full year announcement for ASB Capital Limited
for the full year ended 30 June 2008. The trading period for these results
was 1 July 2007 to 30 June 2008.
2. Appendix 7 Notice of Event Affecting Securities relating to the
dividend payment to holders of perpetual preference shares in ASB Capital
Limited on 15 August 2008. The dividend will be fully imputed and a
supplementary dividend may be paid, with the exact amount being calculated at
a later date after the record date.
Please acknowledge receipt of this notice by return email to
Christine.ryan@asb.co.nz.
Yours faithfully
Christine Ryan
Authorised Signatory
ASB Capital Limited
Ph 09 369 4445
Fax 09 374 8077
Christine.ryan@asb.co.nz
Appendix 1
Results for announcement to the market
Reporting Period 12 months to Jun 30, 2008
Previous Reporting Period 12 months to Jun 30, 2007
Amount (NZD$000s)
Percentage change
Revenue from ordinary activities 19,101.1
8%
Profit (loss) from ordinary activities after tax attributable to security
holders 12,796.6 8%
Profit (loss) attributable to security holder 12,796.6
8%
Amount per Security
Imputed amount per Security
Cents per share Cents
per share
Interim / Final Dividend 1.7031
2.4875
Record Date Jul 25, 2008
Dividend Payment Date Aug 15, 2008
Audit A copy of the audit report is included in the financial statements to
be released on 15 August 2008.
Comments Changes to the company tax rate will reduce the level of
imputation credits generated and able to be attached to future dividends from
1 July 2008.
The aggregate of cash dividends paid, and imputation credits, will still
equal the Dividend Rate.
Imputation Credits have been attached to the 15 August 2008 at a ratio of
31.5326 percent and after 15 August 2008 are expected to be at a ratio of 30
percent.
FULL AND HALF YEAR PRELIMINARY ANNOUNCEMENTS
For the year ended 30 June 2008
INCOME STATEMENT
For the year ended 30 June Percentage change (%)
2008 2007
Other Revenue* 19,101.1 8% 17,666.3
Operating Profit before Taxation 19,099.4 8%
17,664.5
Taxation expense 6,302.8 8% 5,829.3
Operating Profit after Taxation 12,796.6 8%
11,835.2
* Other Revenue is Interest Revenue earned from related parties of the
Company
STATEMENT OF MOVEMENTS IN EQUITY
For the year ended 30 June 2008 2007
Operating Profit after Taxation Attributable to Members of Listed Issuers
12,796.6 11,835.2
Distributions to Shareholders (12,596.0)
(11,818.8)
Balance at Beginning of Year 201,527.7
201,511.3
Balance at End of Year 201,728.3
201,527.7
NET TANGIBLE ASSETS ("NTA") PER SECURITY
For the year ended 30 June 2008 2007
NTA per Ordinary Share ($000) 201,728.3
201,527.7
NTA per Perpetual Preference Share ($000) 1.0 1.0
NTA per Security (total) ($000) 1.0 1.0
INDIVIDUAL PREFERENCE SHARE DIVIDENDS
Date Paid Record Date Cents per share, fully
imputed Supplementary Dividend
15 August 2007 27 July 2007 2.2125 0.2616
15 November 2007 26 October 2007 2.2125 0.2616
15 February 2008 25 January 2008 2.4875 0.2941
15 May 2008 24 April 2008 2.4875 0.2941
Final Dividend: $0.017031266
Imputation Credits: $0.007844
Supplementary Dividend: $0.003005517
Record Date: 25/07/08
Payment Date: 15/08/08
