DOCSLIB.ORG

Annual Report 2013 Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2013 Contents ANNUAL REPORT 2013 CONTENTS Chairman’s Review 1 15. Trade and Other Payables 84 Managing Director’s Review 2 16. Interest Bearing Liabilities 85 Financial Results 3 17. Provisions 86 Board of Directors 4 18. Deferred Tax Liabilities 87 Senior Management 6 19. Defined Benefit Superannuation Plans 88 Corporate Governance Statement 7 20. Share Capital 90 Financial and Statutory Reports 14 21. Shares Held by Equity Compensation Plans 91 Directors’ Report 14 22. Reserves 91 Financial Report 59 23. Employee Ownership Plans 92 Income Statement 59 24. Dividends 95 Statement of Comprehensive Income 60 25. Earnings Per Share (EPS) 95 Statement of Financial Position 61 26. Commitments 96 Statement of Cash Flows 62 27. Contingencies 96 Statement of Changes in Equity 63 28. Auditors’ Remuneration 96 Notes to the Financial Statements 64 29. Business Combinations 97 1. Summary of Significant Accounting Policies 64 30. Key Management Personnel Disclosures 97 2. Segment Reporting 72 31. Derivatives and Net Debt Reconciliation 100 3. Revenue 74 32. Capital and Financial Risk Management 101 4. Income Statement Disclosures 74 33. Related Parties 113 5. Income Tax Expense 76 34. CCA Entity Disclosures 114 6. Cash and Cash Equivalents 77 35. Deed of Cross Guarantee 115 7. Trade and Other Receivables 78 36. Investments in Subsidiaries 116 8. Inventories 79 37. Events After the Balance Date 117 9. Other Financial Assets 79 Directors’ Declaration 118 10. Investment in Joint Venture Entity 79 Independent Auditor’s Report 119 11. Investments in Bottlers’ Agreements 80 Shareholder Information 120 12. Property, Plant and Equipment 81 Company Directories 122 13. Intangible Assets 82 Share Registry and Other Enquiries 122 14. Impairment Testing of Investments in 83 Calendar of Events 2014 123 Bottlers’ Agreements and Intangible Assets with Indefinite Lives ANNUAL GENERAL MEETING The Annual General Meeting will be held on Tuesday, 13th May 2014 at 10am in the Auditorium, Australian Securities Exchange, Exchange Centre, 20 Bridge Street, Sydney, NSW. COCA-COLA AMATIL LIMITED ABN 26 004 139 397 CHAIRMAN’S REVIEW CHANGE IN DIRECTORS After serving as a Non-Executive Director on the CCA Board since April 2004, Geoff Kelly retired from the Board in February 2014. Mr Kelly has served on the CCA Board as one of two nominees of The Coca-Cola Company (TCCC). We are sad to see Geoff go and thank him for his valuable contribution to CCA over the last ten years. Our Board will miss the benefit of his considerable business experience and guidance. TCCC has nominated, and the CCA Board has appointed, Krishnakumar Thirumalai (“KK”) as Geoff’s replacement on the CCA Board. Mr Thirumalai currently serves as Region Director for the India and Bangladesh bottling operations. He has significant experience across developing and emerging markets in roles spanning marketing, sales, distribution and supply chain and has worked for over nine years in the Coca-Cola system both in bottling and with TCCC. We are delighted to have a person of KK’s calibre and extensive experience join the CCA Board. CCA’S RELATIONSHIP WITH THE COCA-COLA COMPANY The CCA Board continues to have a strong and constructive relationship with TCCC, both as a shareholder and as the major supplier of ingredients for the majority of our non-alcoholic beverage products. As at 31 FINANCIAL PERFORMANCE December 2013, TCCC held 29.2% of the shares in CCA and nominates two Non-Executive Directors to the current nine-member Board. Coca-Cola Amatil (CCA) reported net profit after tax of $502.8 million, before significant items, a decline of 9.6% on the 2012 full year result. In 2013, CCA’s Related Party Committee, comprising the Independent After including the impact of significant items, reported net profit after Non-Executive Directors, met on six occasions and reviewed all material tax declined by 82.5%, with a net significant write-down of $422.9 transactions between CCA and TCCC ensuring that they are all at arm’s million primarily relating to the write down in the carrying value of the length. The Related Party Committee remains an important forum for SPC Ardmona business. dealing with all related party governance issues. Strong cash flow generation and the continued strength of the balance sheet and financial ratios supports the maintenance of full year ordinary CORPORATE SOCIAL RESPONSIBILITY dividends in line with last year. Total dividends, which includes the CCA believes in and strongly supports social and environmental activities payment of special dividends, declined by 1.7% on last year. through its community and environmental programs. These programs help to sustain business performance by strengthening the communities CEO SUCCESSION in which the Company operates, improving business efficiency and developing strong relationships with stakeholders, ultimately On 2 December 2013, CCA announced the appointment of new Group leading to increased shareholder returns. CCA’s sustainability report, Managing Director Alison Watkins. Ms Watkins joined CCA on 3 March “Sustainability@CCA”, measures the Company’s achievements under 2014, replacing long-serving Group Managing Director, Terry Davis. four pillars – Environment, Marketplace, Workplace and Community. Alison was most recently the Chief Executive Officer of GrainCorp where over three and a half years she successfully grew and diversified the business from being a largely domestic grain logistics business into Australia’s leading listed international agriculture and food processing company. I believe Alison’s skills and background will assist CCA to deliver strong performance outcomes from our existing operations and progress the strong development opportunities in our emerging businesses. The Board is confident that Alison’s leadership credentials David Gonski, AC and focus on excellence position her well to drive further development Chairman and growth across the CCA Group. In his 12 years as Group Managing Director, Terry Davis made a significant and lasting contribution in transforming CCA into a world- class, premium multi-beverage business and on behalf of the Board, I would like to thank Terry for his valuable service and to wish him well for the future. Terry will remain available for advice and special projects to Ms Watkins and the Board until the end of August 2014. 1 COCA-COLA AMATIL LIMITED ANNUAL REPORT 2013 MANAGING DIRECTOR’S REVIEW of the New Zealand dollar. The New Zealand business experienced a solid recovery with a return to growth following a strong summer trading season. Momentum improved throughout the year as a result of a number of successful new product launches as well as benefitting from the improvement in economic conditions in New Zealand. Material progress made in expanding the alcoholic beverages platform and the return to the premium beer and cider market in Australia in mid-December. In 2013, CCA extended the Beam partnership agreement to a new 10 year term to December 2023; established long-term exclusive agreements to distribute the Molson Coors range of premium beers in Australia, including Coors and Blue Moon, beers from the Boston Beer Company, America’s largest selling craft brewer, including Samuel Adams; the C&C Group of beers and ciders in New Zealand and the Pacific region and developed a portfolio of Australian premium and craft beers. The successful start-up of brewing at the Australian Beer Company in both international and local beer and cider brands enabled the business to be in market on the 17th December with the expanded beer and cider range. Finally, the Fiji alcoholic beverage business is performing ahead of plan and has established an export business for the beer and Fiji rum portfolio. Strong cash flow generation and the continued strength of the The difficult trading conditions for the Australian beverage business balance sheet and financial ratios supports the maintenance of in the grocery channel, combined with the impact on SPC Ardmona full year ordinary dividends in line with last year. The final ordinary (SPCA) earnings from imported private label products and the significant dividend has been maintained at 32.0 cents per share, franked at 75%, slowdown in the PNG economy led to a reduction in earnings for 2013 of taking total full year ordinary dividends to shareholders to 56.0 cents per 6.9%. The positives for the year included the Australian beverage non- share, which is in line with last year. grocery channel which delivered volume and earnings growth, the strong return to growth by New Zealand and Fiji and CCA’s re-entry into the Write down of SPC Ardmona assets. Following the completion of the Australian beer and cider market in mid-December. Company’s asset impairment testing process, a decision has been taken to write down the carrying value of SPCA by $404.0 million. This includes Key points: the write off of the remaining goodwill of $277.0 million, a $39.7 million Difficult trading conditions in the Australian grocery channel write down in the value of brand names and an $87.3 million charge resulted in a 9.3% decline in Australian beverage earnings. covering write downs in inventory and property, plant & equipment and While the non-grocery channel delivered volume and earnings growth, recognition of the diminution in value of some onerous contracts. grocery channel performance was impacted by aggressive competitor While CCA has undertaken a substantial restructuring of the SPCA pricing, requiring higher levels of market support and promotional business with initiatives undertaken to materially reduce the cost of activity, which impacted price realisation and in turn profitability. In doing business, the write down of assets has been made having regard addition, the business was cycling the impact of a material reduction in to the ongoing impact of the high Australian dollar and the associated retailer inventory levels. impact on the business’ competitiveness against imported packaged fruit While strong volume momentum continued for the Indonesian and vegetable products.
Load more

Recommended publications
  • Westpac Online Investment Loan Acceptable Securities List - Effective 3 September2021
    Westpac Online Investment Loan Acceptable Securities List - Effective 3 September2021 ASX listed securities ASX Code Security Name LVR ASX Code Security Name LVR A2M The a2 Milk Company Limited 50% CIN Carlton Investments Limited 60% ABC Adelaide Brighton Limited 60% CIP Centuria Industrial REIT 50% ABP Abacus Property Group 60% CKF Collins Foods Limited 50% ADI APN Industria REIT 40% CL1 Class Limited 45% AEF Australian Ethical Investment Limited 40% CLW Charter Hall Long Wale Reit 60% AFG Australian Finance Group Limited 40% CMW Cromwell Group 60% AFI Australian Foundation Investment Co. Ltd 75% CNI Centuria Capital Group 50% AGG AngloGold Ashanti Limited 50% CNU Chorus Limited 60% AGL AGL Energy Limited 75% COF Centuria Office REIT 50% AIA Auckland International Airport Limited 60% COH Cochlear Limited 65% ALD Ampol Limited 70% COL Coles Group Limited 75% ALI Argo Global Listed Infrastructure Limited 60% CPU Computershare Limited 70% ALL Aristocrat Leisure Limited 60% CQE Charter Hall Education Trust 50% ALQ Als Limited 65% CQR Charter Hall Retail Reit 60% ALU Altium Limited 50% CSL CSL Limited 75% ALX Atlas Arteria 60% CSR CSR Limited 60% AMC Amcor Limited 75% CTD Corporate Travel Management Limited ** 40% AMH Amcil Limited 50% CUV Clinuvel Pharmaceuticals Limited 40% AMI Aurelia Metals Limited 35% CWN Crown Limited 60% AMP AMP Limited 60% CWNHB Crown Resorts Ltd Subordinated Notes II 60% AMPPA AMP Limited Cap Note Deferred Settlement 60% CWP Cedar Woods Properties Limited 45% AMPPB AMP Limited Capital Notes 2 60% CWY Cleanaway Waste
    [Show full text]
  • Asx Clear – Acceptable Collateral List 28
    et6 ASX CLEAR – ACCEPTABLE COLLATERAL LIST Effective from 20 September 2021 APPROVED SECURITIES AND COVER Subject to approval and on such conditions as ASX Clear may determine from time to time, the following may be provided in respect of margin: Cover provided in Instrument Approved Cover Valuation Haircut respect of Initial Margin Cash Cover AUD Cash N/A Additional Initial Margin Specific Cover N/A Cash S&P/ASX 200 Securities Tiered Initial Margin Equities ETFs Tiered Notes to the table . All securities in the table are classified as Unrestricted (accepted as general Collateral and specific cover); . Specific cover only securities are not included in the table. Any securities is acceptable as specific cover, with the exception of ASX securities as well as Participant issued or Parent/associated entity issued securities lodged against a House Account; . Haircut refers to the percentage discount applied to the market value of securities during collateral valuation. ASX Code Security Name Haircut A2M The A2 Milk Company Limited 30% AAA Betashares Australian High Interest Cash ETF 15% ABC Adelaide Brighton Ltd 30% ABP Abacus Property Group 30% AGL AGL Energy Limited 20% AIA Auckland International Airport Limited 30% ALD Ampol Limited 30% ALL Aristocrat Leisure Ltd 30% ALQ ALS Limited 30% ALU Altium Limited 30% ALX Atlas Arteria Limited 30% AMC Amcor Ltd 15% AMP AMP Ltd 20% ANN Ansell Ltd 30% ANZ Australia & New Zealand Banking Group Ltd 20% © 2021 ASX Limited ABN 98 008 624 691 1/7 ASX Code Security Name Haircut APA APA Group 15% APE AP
    [Show full text]
  • Monthly Investment Report As at 30 November 2017 Solaris Core Australian Equity Fund - Performance Alignment (APIR: SOL0001AU)
    Monthly Investment Report as at 30 November 2017 Solaris Core Australian Equity Fund - Performance Alignment (APIR: SOL0001AU) Market Review The S&P/ASX200 Accumulation Index finished up 1.6% for the month of November with the Real Estate sector leading the way, up 5.3%. The sector outperformed after a period of weak performance and a rotation to defensives during the month. The Australian market underperformed the S&P500 (+2.8%) with U.S. GDP growth exceeding expectations and renewed hope over the potential for the Trump administration’s proposed corporate tax cuts. In company news, the Santos Limited share price was up 12.9% after the press reported a potential takeover bid from Harbour Energy. An indicative offer in August from Harbour Energy proposed to acquire the company for $4.55 per share, however this proposal was rejected by the board. S&P/ASX200 Top & Bottom performing sectors for the month ending 30 November: The best performing sectors in the S&P/ASX200 Accumulation Index for the month were Consumer Durables & Apparel (+13.3%), Capital Goods (+6.1%) and Automobiles & Components (+5.9%). The worst performing sectors included Telecommunication Services (-1.6%), Banks (-1.4%) and Food Beverage & Tobacco (-0.9%). S&P/ASX200 Top & Bottom performing stocks for the month ending 30 November: The top 5 performing stocks in the S&P/ASX200 Accumulation Index for the month were Orocobre Limited (+29.3%), Speedcast International Limited (+24.5%), Syrah Resources Limited (+22.3%), News Corporation (+18.1%) and Credit Corp Group Limited (+14.3%). The bottom 5 performers included Webjet Limited (-17.7%), Orica Limited (-17.3%), Corporate Travel Management Limited (-15.4%), Nanosonics Limited (-15.3%) and ALS Limited (-12.7%).
    [Show full text]
  • Australian Listed Equities: Weekly Share Market Wrap
    Australian Listed Equities: Weekly Share Market Wrap Total Shareholder Returns as at 02 March 2018 Price 1 week 1 month 6 months 1 year 2 years 3 years 5 years 10 years 10 years Ticker Stock Name $ % % % % % p.a. % p.a. % p.a. % p.a. ranking A2M The A2 Milk Company 12.11 2.89 41.31 136.99 450.45 172.57 - - - - ABC Adelaide Brighton 6.71 -3.17 0.90 17.51 25.64 19.93 19.93 16.49 9.33 47 ABP Abacus Property Grp. 3.44 0.00 -5.49 -2.22 14.48 13.15 8.30 14.82 -1.94 113 AFI Australian Foundat. 6.06 -0.66 -2.53 4.58 9.57 8.95 2.86 5.97 4.48 77 AGL AGL Energy Limited. 21.47 -0.42 -5.41 -9.87 -8.38 12.64 16.55 10.72 10.44 40 AIA Auckland Internation 5.92 -0.50 -2.95 -0.08 -9.11 3.61 14.22 23.94 12.61 30 AIZ Air New Zealand 3.02 5.96 4.86 -3.73 43.40 18.90 12.05 30.24 12.15 32 ALL Aristocrat Leisure 23.98 -1.96 -1.96 14.54 43.91 55.66 48.93 46.20 9.54 43 ALQ ALS Limited 7.10 1.28 0.85 -9.80 19.41 34.61 11.55 -5.15 6.78 63 ALU Altium Limited 19.96 0.10 28.13 97.93 179.50 91.94 72.34 82.96 44.32 3 AMC Amcor Limited 14.03 0.93 -1.57 -9.77 1.89 3.52 4.09 14.96 11.64 34 AMP AMP Limited 5.27 0.38 2.56 7.23 10.10 5.17 -2.02 4.40 0.41 103 ANN Ansell Limited 25.74 2.14 2.36 19.76 20.64 24.17 2.56 12.52 8.89 52 ANZ ANZ Banking Grp Ltd 28.57 0.46 -1.86 -0.74 -3.76 14.82 -2.02 5.27 7.05 60 APA APA Group 7.82 -4.97 -5.31 -8.52 -4.27 1.28 -1.92 10.97 14.13 23 ARG Argo Investments 8.06 -0.25 -1.73 4.92 10.05 9.57 3.86 7.74 3.78 82 AST AusNet Services Ltd 1.635 -1.80 -4.11 -3.65 5.85 12.17 8.25 11.72 7.71 56 ASX ASX Limited 57.85 -0.43 3.69 7.47 14.89 20.40 12.70
    [Show full text]
  • ESG Reporting by the ASX200
    Australian Council of Superannuation Investors ESG Reporting by the ASX200 August 2019 ABOUT ACSI Established in 2001, the Australian Council of Superannuation Investors (ACSI) provides a strong, collective voice on environmental, social and governance (ESG) issues on behalf of our members. Our members include 38 Australian and international We undertake a year-round program of research, asset owners and institutional investors. Collectively, they engagement, advocacy and voting advice. These activities manage over $2.2 trillion in assets and own on average 10 provide a solid basis for our members to exercise their per cent of every ASX200 company. ownership rights. Our members believe that ESG risks and opportunities have We also offer additional consulting services a material impact on investment outcomes. As fiduciary including: ESG and related policy development; analysis investors, they have a responsibility to act to enhance the of service providers, fund managers and ESG data; and long-term value of the savings entrusted to them. disclosure advice. Through ACSI, our members collaborate to achieve genuine, measurable and permanent improvements in the ESG practices and performance of the companies they invest in. 6 INTERNATIONAL MEMBERS 32 AUSTRALIAN MEMBERS MANAGING $2.2 TRILLION IN ASSETS 2 ESG REPORTING BY THE ASX200: AUGUST 2019 FOREWORD We are currently operating in a low-trust environment Yet, safety data is material to our members. In 2018, 22 – for organisations generally but especially businesses. people from 13 ASX200 companies died in their workplaces. Transparency and accountability are crucial to rebuilding A majority of these involved contractors, suggesting that this trust deficit. workplace health and safety standards are not uniformly applied.
    [Show full text]
  • For Personal Use Only Use Personal For
    PaperlinX Limited ABN 70 005 146 350 7 Dalmore Drive, 28 September 2012 Scoresby, Victoria 3179 Australia Company Announcements Office Tel: +61 3 9764 7300 Australian Stock Exchange Limited Fax: +61 3 9730 9741 Level 4, 20 Bridge Street Sydney NSW 2000 PaperlinX 2012 Annual Report & Annual General Meeting Dear Sirs, Please find attached the PaperlinX 2012 Annual Report. Please note below an explanation of a revision published in the Annual Report and notification of a date change for the Annual General Meeting. 1) Revision to Note 5 Operating Segments in Full Financial Report The 2011 comparative information contained in Note 5 Operating Segments (page 51) of the Full Financial Report has been revised from the Preliminary 4E accounts (page 19) lodged with the ASX on 22 August 2012. This is due to the incorrect apportionment of restructure costs between ‘Merchanting Europe’, ‘Australia, New Zealand and Asia’ and ‘Unallocated’ segments for 2011. The revision is outlined in the table below. Merchanting - Merchanting - ANZA Unallocated Europe Appendix Annual Appendix Annual Appendix Annual 4E Report 4E Report 4E Report Profit/(loss) before net finance costs, tax and significant items 5.7 3.7 14.9 11.1 (24.0) (18.2) Significant items (pre-tax) (46.6) (44.6) (40.6) (36.8) (20.9) (26.7) Net other finance costs - - - - (2.9) (2.9) (Loss)/profit before interest and tax (40.9) (40.9) (25.7) (25.7) (47.8) (47.8) Importantly, the continuing, discontinued and group totals in the Note 5 are unchanged, as are the disclosures by segment of profit/(loss) before interest and tax.
    [Show full text]
  • Code Security Description ABC ADELAIDE BRIGHTON ALL
    4-May-16 smartMOZY NTA & Allotment Notice The manager of the SmartMOZY advises that as at close of business on 3 May 2016 a total of Nil units has been redeemed or allotted since 2 May 2016. The total number of units on issue on that day was 13,457,274. The asset backing for each smartMOZY unit at close of business (Sydney) on 3 May 2016 was $5.71154 (NTA is net of applicable tax liability). The tracking difference was -3.54% The following companies are currently in the Fund: Code Security description ABC ADELAIDE BRIGHTON ALL ARISTOCRAT LEISURE LT ALQ ALS LIMITED ANN ANSELL LIMITED AST AUSNET SERVICES AWC ALUMINA LIMITED BEN BENDIGO AND ADELAIDE BLD BORAL LIMITED BOQ BANK OF QUEENSLAND BSL BLUESCOPE STEEL LIMIT CAR CARSALES COM LTD CGF CHALLENGER LIMITED CIM CIMIC GROUP LIMITED O COH COCHLEAR LIMITED CSR CSR LIMITED CWN CROWN RESORTS LTD CYB CYBG PLC DLX DULUX GROUP LIMITED O DMP DOMINOS PIZZA ENTERPRISES LIMITED DOW DOWNER EDI LIMITED DUE DUET GROUP FLT FLIGHT CENTRE TRAVEL FMG FORTESCUE METALS GROU FXJ FAIRFAX MEDIA LTD GNC GRAINCORP LIMITED HGG HENDERSON GROUP PLC HSO HEALTHSCOPE LTD HVN HARVEY NORMAN HOLDING IFL IOOF HOLDINGS LTD ILU ILUKA RESOURCES LIMIT INM IRON MOUNTAIN (CDI) IOF INVESTA OFFICE FUND JBH JB HI-FI LIMITED MFG MAGELLAN FINANCIAL GR NVT NAVITAS LIMITED ORA ORORA LIMITED ORDINAR PPT PERPETUAL TRUSTEES AU PRY PRIMARY HEALTH CARE L QUB QUBE HOLDINGS LIMITED REA REA GROUP LTD RMD RESMED INC SGR THE STAR ENTERTAINMENT GROUP LTD SKI SPARK INFRASTRUCTURE SPO SPOTLESS GROUP HOLDINGS LIMITED SRX SIRTEX MEDICAL LTD TAH TABCORP HOLDINGS LTD TPM TPG TELECOM LTD TTS TATTS GROUP LIMITED TWE TREASURY WINE ESTATES VOC VOCUS COMMUNICATIONS LTD For further information please contact: Smartshares Limited 0800 80 87 80 [email protected].
    [Show full text]
  • Paper and the Environment
    Paper and the Environment Authors: Michael Spencer, Spencer Consulting Group Matthew Lamont, Fuji Xerox Australia Amanda Keogh, Fuji Xerox Australia August 2009 Contents 1.0 Executive Summary 3 2.0 Fuji Xerox Australia and Paper 4 3.0 Drivers of Sustainable Paper Strategies 4 4.0 Environmentally Sustainable Paper Policies 5 5.0 Life Cycle Analysis 6 6.0 Environmental Verification and Labelling 6 6.1 General environmental labelling programs 7 7.0 Fibre for paper 8 7.1 Wood sources 8 7.2 Forestry and carbon 8 7.3 Forest certification 10 7.4 Recycled fibre 12 7.5 Sourcing recycled fibre 13 7.6 Use of recovered paper 14 8.0 Water Consumption 15 9.0 Energy Consumption 16 10.0 Waste from Paper Production 17 10.1 Emissions to water 17 10.2 Emissions to land 17 10.3 Pollutant emissions to air 17 10.4 Carbon emissions 18 10.5 Carbon labelling 18 11.0 Conclusion 20 12.0 References 21 1.0 Executive Summary The purpose of this white paper is to introduce Fuji Xerox Australia Paper production has a range of environmental impacts that are employees, customers and other stakeholders to the issues not easily understood. Key environmental issues of concern are fibre surrounding paper and its environmental impacts. This paper sourcing, water and energy use and emissions to water, land and air reviews environmental issues in the pulp and paper industry, seeks to as well as greenhouse gas emissions and recycled content of paper. understand why stakeholders raise these issues and how the industry This paper will look at these issues individually but it is important is responding.
    [Show full text]
  • Morningstar Equity Research Coverage
    December 2019 Equity Research Coverage Morningstar covers more than 200 companies in We use the following guidelines to Contact Details Australia and New Zealand as part of our global determine our Australian equity coverage: Australia stock coverage of about 1,500 companies. We are × Nearly all companies in the S&P/ASX 100 Index. Helpdesk: +61 2 9276 4446 Email: [email protected] one of the largest research teams globally with × Companies in the S&P/ASX 200 Index which more than 100 analysts, associates, and have an economic moat and/or have cash flow New Zealand strategists, including 17 in Australia. Local analysts which is at least mildly predictable. Helpdesk: +64 9 915 6770 regularly glean insights from our global sector teams × In total, Morningstar will cover about 80% of Email: [email protected] in China, Europe, and the United States, enriching S&P/ASX 200 companies (which typically the process and enhancing outcomes for investors. equates to about 95% of S&P/ASX 200 by Our research philosophy focuses on bottom-up market capitalisation). Companies we choose analysis, developing differentiated and deep not to cover in this index are usually unattractive opinions on competitive forces, growth prospects, for most portfolios, in our opinion. and valuations for every company we cover. We × About 30 ex-S&P/ASX 200 stocks are selected publish on each company under coverage at least on Morningstar’s judgement of each security's quarterly, and as events demand, to ensure investment merit − which includes a very investment ideas are always relevant. strong lean towards high-quality companies We are an independent research house, and with sustainable competitive advantages, or therefore determine our coverage universe based economic moats.
    [Show full text]
  • Voting Rights Exercised
    MLC Superannuation Fund Voting Summary for the Period 1 July 2020 - 30 June 2021 RESOLUTIONS Quarters FOR AGAINST ABSTAINED First Quarter - July to September 304 10 0 Second Quarter - October to December 2420 109 25 Third Quarter - January to March 178 11 0 Fourth Quarter - April to June 644 27 5 * During the financial year ending 30 June 2020 the MLC Superannuation Fund did not exercise its voting rights in relation to shares it owns in listed companies. This had no material impacts to the final decision of the resolution. MLC Superannuation Fund Voting History for the Period 1 July 2020 - 30 June 2021 First Quarter - July to September RESOLUTIONS Company Name FOR AGAINST ABSTAINED Charter Hall Retail Reit 1 0 0 Alacer Gold Corp. 1 0 0 Isignthis Ltd 3 4 0 Ausnet Services Limited 8 0 0 Boart Longyear Limited 6 0 0 Ap Eagers Limited 3 4 0 Dicker Data Limited 5 0 0 Titan Minerals Limited 23 0 0 Australian Agricultural Company Limited. 4 0 0 Als Limited 6 0 0 Xanadu Mines Ltd 13 0 0 Macquarie Group Limited 5 1 0 Elixinol Global Limited 12 0 0 Lucapa Diamond Company Limited 5 0 0 Salmat Limited 1 0 0 Charter Hall Social Infrastructure Reit 1 0 0 Yancoal Australia Limited 16 0 0 Boart Longyear Limited 6 0 0 Titan Minerals Limited 22 0 0 Strike Energy Limited 2 0 0 Focus Minerals Ltd 3 0 0 Pointsbet Holdings Limited 2 0 0 Sundance Resources Limited 6 0 0 Mincor Resources Nl 6 0 0 Gascoyne Resources Limited 10 0 0 Whitefield Limited 3 0 0 Ofx Group Limited 6 0 0 Xero Limited 4 0 0 Thorn Group Limited 3 1 0 Volpara Health Technologies Limited 9 0 0 Fisher & Paykel Healthcare Corporation Limited 7 0 0 Centuria Industrial Reit Ordinary Units Fully Paid 2 0 0 Metcash Limited 5 0 0 Bionomics Limited 7 0 0 Collins Foods Limited 5 0 0 Todd River Resources Limited 10 0 0 Champion Iron Limited 10 0 0 Salmat Limited 6 0 0 Avenira Limited 4 0 0 Zip Co Limited.
    [Show full text]
  • Australian Listed Equities: Weekly Share Market Wrap
    Australian Listed Equities: Weekly Share Market Wrap Total Shareholder Returns as at 19 May 2017 Price 1 week 1 month 6 months 1 year 2 years 3 years 5 years 10 years 10 years Ticker Stock Name $ % % % % % p.a. % p.a. % p.a. % p.a. ranking A2M The A2 Milk Company 3.27 0.31 9.36 62.69 125.52 158.33 - - - - ABC Adelaide Brighton 5.61 -2.94 0.54 10.95 8.19 16.12 18.37 17.52 7.59 37 ABP Abacus Property Group 3.42 0.89 0.29 27.08 11.22 14.30 17.39 17.37 -4.79 111 AFI Australian Foundation 5.80 -1.53 0.52 2.97 7.09 0.40 3.45 10.62 3.45 67 AGL AGL Energy Limited 26.57 -2.06 -3.14 34.43 48.18 37.31 23.60 16.71 8.17 34 AIA Auckland Internation 6.37 -0.62 0.00 8.07 9.13 24.60 22.20 28.64 11.99 20 AIZ Air New Zealand 2.66 2.70 13.68 46.06 51.17 11.77 23.93 40.03 5.16 53 ALL Aristocrat Leisure 20.20 2.28 6.32 38.91 64.79 63.22 61.32 48.77 3.74 63 ALQ ALS Limited 5.81 -8.36 -7.78 -6.46 40.74 4.10 -3.39 -7.38 6.12 49 AMC Amcor Limited 15.00 -1.77 -1.32 6.91 -4.77 7.76 16.88 20.78 11.42 23 AMP AMP Limited 5.08 -3.61 -2.31 10.36 -2.37 -5.31 4.30 10.46 -2.30 103 ANN Ansell Limited 24.18 -0.45 4.13 10.86 33.44 -0.94 12.31 12.86 8.78 33 ANZ ANZ Banking Grp Ltd 28.50 -2.46 -5.97 4.72 20.84 -0.23 1.01 12.12 3.80 62 AOG Aveo Group 3.30 0.00 5.43 6.11 2.11 12.92 19.57 8.48 -13.15 122 APA APA Group 9.35 -0.85 3.09 27.40 8.91 7.53 17.29 18.72 12.16 18 APE AP Eagers Limited 7.95 1.92 -8.20 -11.20 -19.96 -3.78 18.44 25.11 14.35 13 ARG Argo Investments 7.61 -1.42 0.13 6.16 9.93 1.56 5.27 12.21 2.40 76 AST AusNet Services Ltd 1.75 0.86 4.48 21.63 14.27 14.32 13.81
    [Show full text]
  • Ralton Smaller Companies Portfolio Update | 31 March 2018
    Ralton Smaller Companies Portfolio Update | 31 March 2018 Total returns 3 yrs 5 yrs 7 yrs 10 yrs Inception % p.a. At 31 March 2018 1 mth % 3 mths % 6 mths % 1 yr % % p.a. % p.a. % p.a. % p.a. (Feb 2008) Ralton Smaller Companies -1.57 -2.86 7.13 8.62 10.46 12.77 11.64 9.31 8.49 Income return 0.62 1.03 1.31 2.66 2.86 3.19 3.53 3.66 3.76 Growth return -2.20 -3.90 5.83 5.97 7.60 9.58 8.11 5.65 4.73 S&P/ASX Small Ord Accum. Index -2.29 -2.79 10.52 14.99 10.67 6.45 2.35 1.36 1.22 Difference 0.71 -0.07 -3.39 -6.37 -0.21 6.32 9.29 7.95 7.27 Performance review monitoring, food and pharmaceutical quality assurance; • The S&P/ASX Small Ordinaries Accumulation Index mining and minerals exploration; commodity certification, returned -2.79% for the March quarter, with Health equipment maintenance and asset care operations. We Care and Energy adding value to the index. expect ALS will continue to benefit from the recovery • The Ralton Smaller Companies portfolio returned in greenfields and brownfields mining exploration, an -2.86% for the quarter, underperforming the improvement in margins in its Life Sciences business and benchmark by 0.07%. the deployment of part of its under-geared balance sheet • The portfolio’s underweight to Consumer on further acquisitions. Discretionary was a key detractor from portfolio returns, more than offset by the portfolio’s Nextdc Limited (NXT, +9.00%) – delivered a very underweight to Materials and overweight to strong result well ahead of both the market and our Financials.
    [Show full text]