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Review of Operations
The profit after tax attributable to shareholders for the year ended 31 July 2016 was $149.4 million, 79.3% higher
than the $83.3 million for the prior year.
The Parent Company, TPG Telecom Limited and the private equity portfolio increased their contributions to Group
profit while the contribution by Australian Pharmaceutical Industries Limited was in line with last year.
Brickworks contributed an increased profit from operations but a reduced total contribution due to impairments
and restructuring costs associated with operations in Western Australia.
The results of New Hope Corporation Limited continued to be impacted by the lower coal and oil prices.
Comparison with the prior year is as follows:
2016
2015
Change
$000
$000
%
Revenue from continuing operations
620,661
641,604
- 3.3%
Profit after tax attributable to shareholders
149,421
83,330
+ 79.3%
Interim Dividend
(paid in May each year)
21 cents
20 cents
+ 5.0%
Final Dividend
(payable 12 December 2016)
31 cents
30 cents
+ 3.3%
Total Dividends
52 cents
50 cents
+ 4.0%
For further information regarding the operations of the Group refer to the Chairman’s Review and the Review of
Group Entities on pages 3 to 21 of this annual report.
State of affairs
In the opinion of the Directors there were no significant changes in the state of affairs of the Consolidated Entity
that occurred during the financial year under review not otherwise disclosed in this report or the Consolidated
Entity’s financial statements.
Financial Position, Financial Instruments and Going Concern
The Directors believe the Group is in a strong and stable position to grow its current operations.
Details of financial risk management objectives and policies are set out in note 20 of the consolidated financial
statements.
The Directors, having made appropriate enquiries, consider that the Group has adequate resources to continue
in its operational businesses for the foreseeable future and have therefore continued to adopt the going-concern
basis in preparing the financial statements.
Litigation
An entity acting on the directions of Perpetual Investment Management Limited has lodged a claim against WHSP
and Brickworks Limited (Brickworks) in the Federal Court.
The claim seeks orders including to have the cross shareholding between WHSP and Brickworks unwound. WHSP
is vigorously defending the claim.
Events Subsequent to the Reporting Date
The Directors are not aware of any other event or circumstance since the end of the financial year not otherwise
dealt with in this report or the consolidated financial statements that has or may significantly affect the operations
of the Consolidated Entity, the results of those operations, or the state of affairs of the consolidated entity in
subsequent years. Refer to note 7 of the consolidated financial statements.
Likely Developments, Business Strategy and Prospects
Other than as discussed in the Review of Group Entities, information about likely developments, business strategy
and prospects and the expected results in subsequent financial years have not been disclosed because the
Directors believe, on reasonable grounds, that to include such information would be likely to result in unreason-
able prejudice to the Consolidated Entity.