Business
PPK : Half Yearly Report and Accounts - 31 December 2015
PPK : Half Yearly Report and Accounts - 31 December
About this update from Ppk Group Limited
APPENDIX 4D HALF YEARLY INFORMATION GIVEN TO THE ASX UNDER LISTING RULE 4.2A PPK GROUP LIMITED ABN 65 003 964 181 HALF YEAR ENDED 31 DECEMBER 2015 Page Contents Highlights of Results for Announcement to the Market Directors' Report Auditor's Independence Declaration Half-year Report 31 December 2015 Directors' Declaration Independent Auditor's Review Report This information is provided to the Australian Securities Exchange (ASX) under ASX Listing Rule 4.2A and should be read in conjunction with the most recent annual financial report. HIGHLIGHTS OF RESULTS FOR ANNOUNCEMENT TO THE MARKET 31 December 2015 $000s 31 December 2014 $000s Change $000s Change % REVENUES 13,958 17,662 (3,704) -21% PROFIT/(LOSS) BEFORE INCOME TAX EXPENSE (5,104) 1,309 (6,413) -490% PROFIT/(LOSS) BEFORE TAX ATTRIBUTABLE TO OWNERS OF PPK GROUP LTD (5,127) 1,136 (6,263) -551% PROFIT/(LOSS) AFTER TAX ATTRIBUTABLE TO OWNERS OF PPK GROUP LTD (4,994) 1,021 (6,015) -589% EARNINGS PER SHARE cents (8.6) cents 1.8 cents (10.4) -578% NET TANGIBLE ASSET PER SHARE cents 28.1 cents 41.5 cents (13.4) -32% DIVIDENDS FY2015 FULLY FRANKED INTERIM DIVIDEND PER SHARE 1.50 cents FY2016 FULLY FRANKED INTERIM DIVIDEND PER SHARE Nil cents PPK GROUP LIMITED AND CONTROLLED ENTITIES ABN 65 003 964 181 HALF YEAR CONSOLIDATED FINANCIAL STATEMENTS DIRECTORS' REPORT Your directors present their report on the consolidated entity consisting of PPK Group Limited and its controlled entities for the half year ended 31 December, 2015. DIRECTORS The names of directors in office at any time during or since the financial period are: Robin Levison Jury Wowk (resigned 5 May 2017) Glenn Molloy Raymond Beath (resigned 7 March 2017) Graeme Webb Dale McNamara REVIEW OF OPERATIONS PPK reported a net loss after tax attributable to owners of PPK of $4.994M of which $3.936M was attributable to the Mining Equipment division. Refer note 5 for significant events and transactions for the reporting period. DIVIDENDS The Board of Directors has resolved not to pay a dividend for the half year ended 31 December 2015. SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS Significant changes in the state of affairs of the consolidated entity during the period are disclosed in note 5 in Half-year Report 31 December 2015. AUDITORS INDEPENDENCE DECLARATION A copy of the auditors' independence declaration as required under section 307C of the Corporations Act 2001 is set out on the following page. ROUNDING OF AMOUNTS The parent entity has applied the relief available to it in ASIC Class Order 98/100 and, accordingly, amounts in the financial statements and Directors' Report have been rounded to the nearest thousand dollars. Signed in accordance with a resolution of the Board of Directors. ROBIN LEVISON Executive Chairman Dated this 23rd day of June 2017 AUDITOR'S INDEPENDENCE DECLARATION TO THE DIRECTORS OF PPK GROUP LIMITED Level 18 King George Central 145 Ann Street Brisbane QLD 4000 Correspondence to: GPO Box 1008 Brisbane QLD 4001 T + 61 7 3222 0200 F + 61 7 3222 0444 E [email protected] W www.grantthornton.com.au In accordance with the requirements of section 307C of the Corporations Act 2001, as lead auditor for the review of PPK Group Limited for the half-year ended 31 December 2015, I declare that, to the best of my knowledge and belief, there have been: No contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the review; and No contraventions of any applicable code of professional conduct in relation to the review. GRANT THORNTON AUDIT PTY LTD Chartered Accountants Cameron Smith Partner - Audit & Assurance Brisbane, 23 June 2017 Grant Thornton Audit Pty Ltd ACN 130 913 594 a subsidiary or related entity of Grant Thornton Australia Ltd ABN 41 127 556 389 'Grant Thornton' refers to the brand under which the Grant Thornton member firms provide assurance, tax and advisory services to their clients and/or refers to one or more member firms, as the context requires. Grant Thornton Australia Ltd is a member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. GTIL and each member firm is a separate legal entity. Services are delivered by the member firms. GTIL does not provide services to clients. GTIL and its member firms are not agents of, and do not obligate one another and are not liable for one another's acts or omissions. In the Australian context only, the use of the term 'Grant Thornton' may refer to Grant Thornton Australia Limited ABN 41 127 556 389 and its Australian subsidiaries and related entities. GTIL is not an Australian related entity to Grant Thornton Australia Limited. Liability limited by a scheme approved under Professional Standards Legislation. 3