Financial Information

This page provides access to the last four years of income and balance sheet information.

Abacus Property Group Profit and Loss

Profit and Loss

2017
$'000

2016
$'000

2015
$'000

2014
$'000

2013
$'000

 
Revenue          
Rental income 75,349 69,620 73,122 81,727 70,813
Storage income 69,687 61,343 55,100 49,658 45,249
Hotel income - 321 1,853 1,833 1,650
Finance income 43,891 46,276 26,243 20,071 21,680
Fee income (Third party capital JV's and funds) 12,620 12,487 10,353 16,655 17,058
Sale of inventory 16,192 17,148 38,978 127,636 56,347
Net change in fair value of investment properties derecognised 36,775 3,813 27,576 11,396 1,341
Net change in fair value of investments and financial instruments derecognised 6,674 12,252 3,114 4,085 6,854
Net change in fair value of investment properties and property, plant & equipment held at balance date 74,773 74,029 29,430 22,131 7,484
Net change in fair value of derivatives 4,317 - - - -
Net change in fair value of investments held at balance date - 14 1,323 2,547 3,752
Share of profit from equity accounting investments 54,273 30,543 30,288 13,129 9,949
Other income 3,453 - - - -
Other unallocated revenue 375 472 590 590 1,044
Total consolidated revenue 398,379 328,318 297,970 351,458 243,221
Property expenses and outgoings (15,460) (14,395) (15,075) (17,549) (16,167)
Storage expenses (25,939) (23,050) (21,043) (18,208) (15,981)
Hotel expenses - (483) (1,913) (1,986) (1,820)
Depreciation, amortisation and impairment expenses (2,281) (40,764) (7,096) (4,402) (2,421)
Cost of inventory sales (13,484) (16,573) (34,543) (113,712) (48,176)
Administrative and other expenses (25,460) (22,251) (22,856) (19,073) (22,051)
Segment result 315,755 210,710 195,444 176,528 136,605
Impairment charge/loss on consolidation - - - - (18,943)
Net change in fair value of investments and derivatives (15,537) (8,258) (10,948) (15,436) (3,612)
Finance costs (32,898) (31,340) (30,874) (34,828) (38,318)
Profit/(loss) before tax 267,320 171,112 153,622 126,264 75,732
Income tax (expense)/benefit (7,863) 2,232 (5,156) (14,244) (5,786)
Net profit/(loss) for the year 259,457 173,344 148,466 112,020 69,946
less non-controlling interest (1,044) (1) (833) (379) (1,595)
Net profit/(loss) for the year attributable to members of the Group 258,413 173,343 147,633 111,641 68,351
 
Underlying Profit reconciliation - Certain significant items          
Net gain/(loss) in fair value of investment properties and property, plant & equipment held at balance date (74,773) (74,029) (29,430) (22,131) (7,484)
Net change in property, plant & equipment remeasured at fair value - - (435) 1,434 -
Net change in fair value of investments and financial instruments held at balance date 10,677 (14) (1,323) (2,547) (3,752)
Net change in fair value of derivatives (4,317) 8,258 10,949 15,436 3,612
Net change in fair value of investment properties, inventory and property, plant & equipment included in equity accounted investments (718) (11,575) 940 (2,554) 4,100
Impairment of land development at Muswellbrook - 40,622 - - -
Net tax benefit on significant items (1,999) (8,983) - - -
Consolidation of Abacus Wodonga Land Fund - - - - 18,943
Underlying profit attributable to Abacus securityholders 186,802 124,011 128,334 101,278 83,770
 
Underlying earnings per security (cents) 32.7 22.4 24.5 20.8 18.8
Distributions per security (cents) 17.5 17.0 17.0 16.75 16.5

Abacus Property Group Balance Sheet

Balance Sheet

2017
$'m

2016
$'m

2015
$'m

2014
$'m

2013
$'m

 
Property investment 1,187.5 994.1 847.7 909.0 887.6
Storage portfolio 629.9 574.4 457.2 415.2 373.4
Funds management investments - 146.0 140.9 158.3 135.9
Property developments 448.3 499.6 418.9 309.2 313.1
Other investment 29.3 - 12.2 11.2 44.1
Cash 28.2 36.3 28.2 53.7 29.7
Other assets 30.3 19.4 18.7 22.8 25.5
Goodwill and intangibles 32.4 32.5 33.3 33.3 33.3
Total Assets 2,385.9 2,302.3 1,957.1 1,912.7 1,842.6
Interest bearing liabilities 517.3 631.3 388.9 518.1 593.2
Other liabilities including derivatives 66.3 118.5 128.8 118.4 155.0
Total liabilities 583.6 749.8 517.7 636.5 748.2
Net Assets 1,802.3 1,552.5 1,439.4 1,276.2 1,094.4
 
NTA per security ($) 3.02 2.66 2.49 2.38 2.32
Gearing ratio (%) 20.5 25.8 18.2 23.4 28.4

 

Abacus Property Group Statement of Cashflow

Statement of Cashflow

2017
$'m

2016
$'m

2015
$'m

2014
$'m

2013
$'m

 
Cashflow from operating activities          
Net cashflows from operating activities 104,707 81,532 95,919 128,207 153,569
Net cashflows from/(used in) investing activities 55,390 (220,488) (1,966) (56,858) (101,910)
Net cashflows from/(used in) financing activities (168,789) 146,986 (119,366) (47,408) (65,160)
Net increase/(decrease) in cash and cash equivalents (8,692) 8,030 (25,413) 23,941 (13,501)
Net foreign exchange differences 47 79 (147) 108 73
Cash and cash equivalenst at beginnning of period 36,284 28,175 53,735 29,686 43,114
Cash and cash equivalents at end of period 27,639 36,284 28,175 53,735 29,686