Abacus Property Group – Annual Financial Report 2018

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CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME YEAR ENDED 30 JUNE 2018 ABACUS PROPERTY GROUP 2018 2017 $'000 $'000 NET PROFIT AFTER TAX 246,958 292,088 OTHER COMPREHENSIVE INCOME Items that will not be reclassified subsequently to the income statement Revaluation of assets, nil tax effect 10,053 10,565 Items that may be reclassified subsequently to the income statement Foreign exchange translation adjustments, net of tax (2,022) (42) TOTAL COMPREHENSIVE INCOME FOR THE YEAR 254,989 302,611 Total comprehensive income attributable to: Members of the APG Group 247,733 291,414 External non-controlling interests 7,256 11,197 TOTAL COMPREHENSIVE INCOME FOR THE YEAR 254,989 302,611 Total comprehensive income attributable to members of the Group analysed by amounts attributable to: AGHL members 60,181 72,364 AT members 108,865 157,181 AGPL members 4,937 5,189 AIT members 3,263 3,391 ASPT members 23,208 13,353 ASOL members 47,279 39,936 TOTAL COMPREHENSIVE INCOME AFTER TAX ATTRIBUTABLE TO MEMBERS OF THE GROUP 247,733 291,414 36
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2018 ABACUS PROPERTY GROUP 2018 2017 Notes $'000 $'000 CURRENT ASSETS Investment properties held for sale 5 209,606 8,000 Inventory 6(a) 28,548 8,474 Property loans 7(a) 212,509 72,597 Cash and cash equivalents 9 103,256 56,267 Property, plant and equipment held for sale 16 88,500 - Trade and other receivables 21,145 18,457 Derivatives at fair value - 1,667 Other 3,413 3,263 TOTAL CURRENT ASSETS 666,977 168,725 NON-CURRENT ASSETS Investment properties 5 1,726,394 1,563,523 Inventory 6(b) 76,157 96,479 Property loans 7(b) 117,782 274,070 Equity accounted investments 8 154,890 167,248 Deferred tax assets 4(c) 8,236 6,954 Property, plant and equipment 16 4,800 84,734 Other financial assets 7(c) 7,987 42,543 Intangible assets and goodwill 21 32,394 32,394 TOTAL NON-CURRENT ASSETS 2,128,640 2,267,945 TOTAL ASSETS 2,795,617 2,436,670 CURRENT LIABILITIES Trade and other payables 88,568 27,865 Interest-bearing loans and borrowings 11(a) 38,765 - Derivatives at fair value 61 5,469 Income tax payable 20,906 740 Other 8,108 6,910 TOTAL CURRENT LIABILITIES 156,408 40,984 NON-CURRENT LIABILITIES Interest-bearing loans and borrowings 11(b) 693,742 549,184 Derivatives at fair value 12,847 16,814 Deferred tax liabilities 4(c) 12,218 10,358 Other 3,700 4,709 TOTAL NON-CURRENT LIABILITIES 722,507 581,065 TOTAL LIABILITIES 878,915 622,049 NET ASSETS 1,916,702 1,814,621 TOTAL EQUITY 1,916,702 1,814,621 37
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Abacus Property Group Level 34 Aust
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Abacus Property Group – Annual Financial Report 2018

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