Annual Report 2013 - Mainfreight

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9 Earnings Per Share The following reflects the income used in the basic and diluted earnings per share computations: Net profit from continuing operations attributable to ordinary equity holders of the Parent. 2013 $000 Group 2012 $000 For Basic and Diluted Earnings Per Share Net Profit Attributable to Ordinary Equity Holders of the Parent 65,911 80,450 Weighted Average Number of Shares Thousands Thousands Weighted Number of Ordinary Shares for Basic Earnings Per Share 99,024 98,885 Effect of Dilution; Weighted Number of Partly Paid Shares 170 144 Weighted Number of Ordinary Shares Adjusted for the Effect of Dilution 99,194 99,029 Cents Cents Earnings Per Share: Total Operations 66.56 81.36 Diluted Earnings Per Share: Total Operations 66.45 81.24 Partly Paid Redeemable Shares granted to team members as described in note 21 are considered to be potential ordinary shares and have been included in the determination of diluted earnings per share. They have not been included in the determination of basic earnings per share. 10 Current Assets – Cash and Cash Equivalents 2013 $000 Group 2012 $000 2013 $000 Parent 2012 $000 Cash at Bank and in Hand 48,090 46,187 1,363 3,709 Cash at bank earns interest at floating rates based on daily bank deposit rates. The carrying amounts of cash and cash equivalents represent fair value. Reconciliation to Cash Flow Statement For the purposes of the Cash Flow Statement, cash and cash equivalents comprise the following at 31 March: Cash at Bank and in Hand 48,090 46,187 1,363 3,709 Bank Overdrafts (4,998) (9,212) (2,300) (2,700) As per Balance Sheet and Cash Flow Statement 43,092 36,975 (937) 1,009 94 Mainfreight | Annual Report 2013
11 Current Assets – Trade Debtors and Other Receivables 2013 $000 Group 2012 $000 2013 $000 Parent Trade Debtors 241,588 234,013 29,718 28,067 2012 $000 Allowance for Impairment Loss (3,918) (3,354) (254) (335) 237,670 230,659 29,464 27,732 Trade debtors are non-interest bearing and are generally on 7 to 30 day terms. An allowance for impairment loss is recognised when there is objective evidence that a trade debtor is impaired as described in note 4. Due to the short term nature of these receivables, their carrying value is assumed to approximate fair value. Movements in the allowance for impairment were as follows: Balance at 1 April 3,354 2,802 335 228 Charge for the Year 3,212 2,523 71 416 Acquired Businesses – 867 – – Amounts Written Off (2,648) (2,838) (152) (309) Balance at 31 March 3,918 3,354 254 335 At 31 March, the ageing analysis of trade receivables is as follows: $000 Total 0-30 Days 31-60 Days 61-90 Days PDNI* 61-90 Days CI# +91 Days PDNI* 2013 Group 241,588 152,456 63,817 13,866 800 7,531 3,118 Parent 29,718 15,938 9,558 2,445 38 1,523 216 2012 Group 234,013 156,107 57,608 10,531 1,057 6,413 2,297 Parent 28,067 14,009 10,343 2,258 35 1,122 300 * Past due not impaired (PDNI) # Considered Impaired (CI) Credit risk management policy is disclosed in note 3. The maximum exposure to credit risk is the fair value of receivables. Collateral is not held as security, nor is it the Group’s policy to transfer receivables. +91 Days CI# 12 Current Assets – Other Receivables 2013 $000 Group 2012 $000 2013 $000 Parent 2012 $000 Sundry Prepayments 34,434 32,785 1,825 3,221 Loans to Team Members (note 23) – 307 – – Carrying Amount of Other Receivables 34,434 33,092 1,825 3,221 Financial Statements 95
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Mainfreight Annual Report 2013 Recr
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The Mainfreight business has become
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Facts & Figures Our operations are
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Wherever we are in the world, all o
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on any given day We're tackling our
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Group Managing Director's report As
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Continued investment in facilities
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once again working to provide Austr
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We continue to work hard to further
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We have increased our trans-border
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Margin levels have been impacted as
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Laurie McMahon, Mainfreight Christc
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Environment Mainfreight has always
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Our people We have no widgets or ga
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28 Mainfreight | Annual Report 2013
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Kelvin Teasdale, Lee Tuhura, Chris
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Wim Bosman Genk Steven Bleys, Rosol
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on any given day Behind the scenes
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Marcel ter Heerdt, Driver in Domest
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on any given day Mainfreight has he
Page 42 and 43: Executive Team Carl George National
Page 44 and 45: Executive Team continued Carl Howar
Page 46 and 47: Targets & Achievements Recent Curre
Page 48 and 49: Capital Expenditure This year’s f
Page 50 and 51: Corporate Governance THE ROLE OF TH
Page 52 and 53: on any given day Wherever we are in
Page 54 and 55: on any given day Whatever we do, wh
Page 56 and 57: Board of directors Emmet Hobbs Inde
Page 58 and 59: 60 As we drive ourselves hard in th
Page 60 and 61: Operating Statistics How we measure
Page 62 and 63: Financial Contents 65 Income Statem
Page 64 and 65: Balance Sheet as at 31 March 2013 N
Page 66 and 67: Statement of Changes in Equity for
Page 68 and 69: Cash Flow Statement for the Year En
Page 70 and 71: 2 Summary of Significant Accounting
Page 82 and 83: 3 Financial Risk Management Objecti
Page 84 and 85: 3 Financial Risk Management Objecti
Page 86 and 87: 5 Segmental Reporting The Group ope
Page 88 and 89: 6 Expenses and Other Income The Pro
Page 90 and 91: 7 Income Tax (continued) Recognised
Page 94 and 95: 13 Investment in Subsidiary Compani
Page 96 and 97: 14 Non-current Assets - Property, P
Page 98 and 99: 15 Non-current Assets - Intangible
Page 100 and 101: 15 Non-current Assets - Intangible
Page 102 and 103: 20 Leases At balance date the Group
Page 104 and 105: 21 Contributed Equity (continued) C
Page 106 and 107: 23 Related Parties (continued) Tran
Page 108 and 109: 25 Share-based Payment Plans (conti
Page 110 and 111: 30 Abnormal Items During the year t
Page 112 and 113: of Directors’ financial Responsib
Page 114 and 115: Donations and Auditors’ Fees Dona
Page 116 and 117: Interests Register The following en
Page 118: Glossary Air & Ocean C&F EBIT EBITA
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Annual Report 2013 - Mainfreight

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