Abacus Property Group – Annual Financial Report 2018
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ABACUS PROPERTY GROUP<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
30 JUNE <strong>2018</strong><br />
14. DISTRIBUTIONS PAID AND PROPOSED<br />
<strong>2018</strong> 2017<br />
<strong>Abacus</strong> $'000 $'000<br />
(a) Distributions paid during the year<br />
June 2017 half: 8.75 cents per stapled security (2016: 8.50 cents) 50,362 47,309<br />
December 2017 half: 9.00 cents per stapled security (2016: 8.75 cents) 51,975 50,486<br />
(b) Distributions proposed and recognised as a liability^<br />
June <strong>2018</strong> half: 9.00 cents per stapled security (2017: 8.75 cents) 52,143 50,362<br />
Distributions were paid from <strong>Abacus</strong> Trust, <strong>Abacus</strong> Income Trust and <strong>Abacus</strong> Storage <strong>Property</strong> Trust (which do not pay tax provided they<br />
distribute all their taxable income) hence, there were no franking credits attached.<br />
^<br />
The final distribution of 9.00 cents per stapled security was declared on 21 June <strong>2018</strong>. The distribution being paid on or around 31 August<br />
<strong>2018</strong> will be approximately $52.1 million.<br />
<strong>2018</strong> 2017<br />
Non-core funds $'000 $'000<br />
(a) Distributions paid during the year<br />
<strong>Abacus</strong> Hospitality Fund 1,471 1,349<br />
<strong>Abacus</strong> Diversified Income Fund II - 5,052<br />
1,471 6,401<br />
(b) Distributions proposed<br />
<strong>Abacus</strong> Hospitality Fund - not recognised 368 368<br />
The total amount of franking credits available for the subsequent financial years including franking credits that will arise from the payment of<br />
income tax payable at the end of the financial year, based on a tax rate of 30 per cent, is $62 million (2017: $35 million).<br />
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