DOCSLIB.ORG

Xero Limited 2020 Annual Report Cover Images

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Xero Limited 2020 Annual Report Cover Images Xero Limited 2020 Annual Report Cover images: Momentum Accounting, United States Orenda Tribe, United States Moovaz, Singapore Contents 2–3 4–6 7–12 Highlights Chair’s Review CEO’s Review 13–14 15–30 32–35 The Board Management Auditor’s of Directors Commentary Report 36–39 40–70 71–86 Financial Notes to the Corporate Statements Financial Governance Statements Statement 87–93 94–111 112 Disclosures Remuneration Corporate Report Directory Highlights OPERATING REVENUE FREE CASH FLOW $718.2 m $27.1 m Up 30% YOY Up $20.7m YOY NET PROFIT SUBSCRIBERS $3.3 m 2.285m Increase of $30.5 million YOY Up 467,000 YOY TOTAL AVAILABLE LIQUIDITY ANNUALISED MONTHLY RECURRING REVENUE $686.1 m Cash on hand, short-term deposits including $820.6 m proceeds from convertible notes, and undrawn Up 29% YOY committed debt facilities TOTAL SUBSCRIBER LIFETIME VALUE GROSS MARGIN PERCENTAGE $5.5 b 85.2 % Up $1.2 billion YOY Up 1.6 percentage points HIGHLIGHTS 3 A global Offset 100% ecosystem of of our carbon 800+ apps, emissions 200+ connections for FY19 and to financial services committed to providers remaining ‘net zero’ going forward SCALE OF THE PLATFORM Total value of transactions through Xero platform in FY20 at 31 March 2020 42% of Xero’s $3.62 t* employees Total value of invoices raised were female via Xero during FY20 Xero was one of 325 b global companies $853.2 included in the 2020 Bloomberg Gender- Equality Index *Incoming and outgoing transactions, 12-month period 4 Chair’s Review Dear shareholder Xero is a unique company - a digital disruptor, born in the Southern Hemisphere - that operates at the intersection of technology and finance, with the opportunity to serve the entire global small business economy. This past year as a director, I have come to fully many small businesses are facing financial hardship understand the vital role Xero plays in supporting and we have ensured, as has always been the case, small businesses, their advisors and communities that customers in distress are able to downgrade or around the world. Xero is becoming an integral part of suspend their subscriptions through this difficult time. the small business community and economies around The Xero leadership team has responded strongly the globe. to support our people, partners and small As COVID-19 impacts businesses and communities, business customers during the COVID-19 crisis. Xero is focused on supporting our customers and Our global teams are committed to upholding the maintaining the quality and continuity of our cloud- entrepreneurial spirit of Xero’s start-up heritage, while based products and services. Unquestionably, this is a building the capabilities and processes to support difficult time for many of our customers. a global technology company, and focusing on additional ways to support our customers. We have moved swiftly to develop and roll out a range of new support services for small business as well as for accountants and bookkeepers. We recognise XERO LIMITED 5 FY20 overview Risk management & security We are pleased to announce for the year ended Risk management has always been critical in our 31 March 2020 (FY20), Xero was able to maintain ability to execute our strategic and operational financial and operating performance momentum. priorities, but is even more important in challenging Xero delivered top-line growth, a first ever full-year times like this. From a governance perspective, the net profit after tax, and a positive free cash flow Board is closely monitoring Xero’s risk management result. This is testimony to the importance of the activities in light of COVID-19. Xero platform to the operations of our customers Security and data protection are central to our and partners. vision of being a trusted and insightful platform. We continue to invest and deliver improvements Xero is becoming an integral part of across data governance, security, scalability, and our the small business community and quality of service. We are committed to protecting economies around the globe our customers' information, educating the Xero community about best practice in online security, and ensuring guardrails are in place to safeguard data However, the impact of COVID-19 on March trading that flows through our platform. did result in some reduction in annualised monthly recurring revenue (AMRR) progress in that month. Board update This outcome, along with the ongoing COVID-19 On behalf of the Board and everyone at Xero we environment, will be reflected in Xero’s FY21 extend our sincere thanks to Graham Smith, our financial performance. Xero does not anticipate former Chair. Graham stepped down as Chair on 31 significant changes to its long-term strategy and we January and retired from the Board at the end of believe strongly in the value Xero can bring to small the financial year after supporting a smooth businesses and their advisors. Chair succession. We remain focused on building our community and During the financial year, we also farewelled Bill introducing small businesses to the benefits of Veghte from the Board after five years, and we thank doing business in the cloud and, for those already Bill for his dedicated service. using Xero, extending their activities beyond We welcomed Mark Cross to the Board as an cloud accounting. independent non-executive director on 1 April. Capital management Among his many strengths, Mark brings to Xero Xero had total available liquid resources of $686 considerable experience and expertise in corporate million at 31 March 2020. The US$300 million raised finance and financial markets. from the convertible notes issue in October 2018 Xero has an engaged and experienced Board of remains largely available to fund future investment Directors who are closely connected to the business. opportunities. Our standby $150 million debt facility It has been a pleasure to join this team, and I’d remains undrawn and is available for short-term like to acknowledge my fellow directors for their liquidity requirements should it be required. commitment and thoughtful counsel during the year. Our capital allocation framework remains focused Diversity & Inclusion on enabling the business to grow, both through We believe that healthy teams are diverse and organic opportunities and, where appropriate, inclusive. While there is always more to do, we through the pursuit of complementary targeted are proud that female representation on Xero’s acquisitions that we believe support the execution leadership team and across all our employees sits at of our strategic priorities. 42 percent. The Board set a measurable objective for FY20 to maintain a gender balance with at least three female directors and three male directors, which we have achieved and retain as an objective in FY21. 6 CHAIR’S REVIEW In FY20, we set and achieved numerical targets around representation of women on Xero’s leadership team and across our employees. These are expressed as a 40:40:20 approach – at least 40 percent women and 40 percent men, with the remaining 20 percent unspecified, to allow for flexibility and recognising that gender is not binary. We have also continued our efforts to ensure Xero is an inclusive work environment including initiatives such as LGBTQI+ inclusion, disability inclusion, cultural diversity, flexible working, and employee wellbeing. More information about our initiatives to support progress in this area is set out in the corporate governance statement (see page 71). Conclusion This year Xero has drawn together remuneration information in a consolidated remuneration report (see page 94). We will continue to evolve this report and we welcome your feedback. On behalf of the Board, I would like to thank our talented and passionate team of Xero people for their valuable contributions in FY20. Finally, I'd like to sincerely thank our customers, partners, and investors for your ongoing trust and confidence in Xero. David Thodey Xero Chair XERO LIMITED 7 CEO’s Review Dear shareholder There’s no doubt we are facing a time like no other as COVID-19 impacts each of us, so I start by sending you our best wishes. We hope that you and those you care about are safe and well. It is clear that businesses and communities are Supporting our customers and partners during now under pressure in what is both a global COVID-19 health and economic crisis. Many of Xero’s small We have moved quickly to support our small business business customers, bookkeepers, accountants, and customers and accounting and bookkeeping partners ecosystem partners are having to adapt the way during COVID-19 through a range of new initiatives they operate and invest enormous emotional and focused on providing immediate information and operational effort to find pathways for support including: business survival. • A business continuity hub on Xero Central, our Businesses are being forced to reset priorities, and main customer support centre, which offers a Xero is no different. Although our long-term strategy range of resources, including business continuity remains unchanged, we’ve made clear decisions on planning, cash flow management and working from what we can delay or do without for now, and what home effectively must be protected. In that process, three overarching • A dedicated 24/7 customer response team to, priorities emerge: the need for us to support our among other things, help customers understand customers and partners, the welfare of Xero’s people, and access government funding programs available and the need to ensure continuity of the platform that to them supports the operations of our millions of subscribers and their advisors. 8 CEO’S REVIEW • We have prioritised product development in key Sydney. We communicated our decision early to COVID-19 response areas including short-term cash minimise disruption and impact on our partners, flow and business snapshot features, in-product sponsors, speakers, event staff, and employees.
Load more

Recommended publications
  • FY21 Results Overview
    Annual Report 2021 01 Chorus Board and management overview 14 Management commentary 24 Financial statements 60 Governance and disclosures 92 Glossary FY21 results overview Fixed line connections1 Broadband connections1 FY21 FY20 FY21 FY20 1,340,000 1,415,000 1,180,000 1,206,000 Fibre connections1 Net profit after tax FY21 FY20 FY21 FY20 871,000 751,000 $47m $52m EBITDA2 Customer satisfaction Installation Intact FY21 FY20 FY21 FY21 $649m $648m 8.2 out of 10 7.5 out of 10 (target 8.0) (target 7.5) Dividend Employee engagement score3 FY21 FY20 FY21 FY20 25cps 24cps 8.5 out of 103 8.5 This report is dated 23 August 2021 and is signed on behalf of the Board of Chorus Limited. Patrick Strange Mark Cross Chair Chair Audit & Risk Management Committee 1 Excludes partly subsidised education connections provided as part of Chorus’ COVID-19 response. 2 Earnings before interest, income tax, depreciation and amortisation (EBITDA) is a non-GAAP profit measure. We monitor this as a key performance indicator and we believe it assists investors in assessing the performance of the core operations of our business. 3 Based on the average response to four key engagement questions. Dear investors Our focus in FY21 was to help consumers especially important because fixed wireless services don’t capitalise on the gigabit head start our fibre provide the same level of service as fibre - or even VDSL in network has given New Zealand. We knocked most cases – and these service limitations often aren’t made clear to the customer. on about a quarter of a million doors and supported our 100 or so retailers to connect As expected, other fibre companies continued to win copper customers in those areas where they have overbuilt our another 120,000 consumers to fibre.
    [Show full text]
  • 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]
  • 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]
  • Annual Report Year Ended 30 June 2019
    Annual Report Year Ended 30 June 2019 GENERAL Year in Review 4 Creating Value 6 Performance 8 Diversity Snapshot 12 Chair’s Review 14 Chief Executive Officer’s Review 15 Delivering Our Group Strategy 16 About SkyCity 24 Auckland 27 Hamilton 31 Adelaide 32 Queenstown 34 International Business 35 Our Risk Profile and Management 36 Our Board 40 Our Senior Leadership Team 44 SUSTAINABILITY Our Sustainability 48 Our Sustainability Pillars Our Customers 52 Our People 58 Our Communities 72 Our Suppliers 78 Our Environment 84 Independent Limited Assurance Statement 91 CORPORATE GOVERNANCE STATEMENT AND OTHER DISCLOSURES Corporate Governance Statement 92 Director and Employee Remuneration 104 Shareholder and Bondholder Information 118 Directors’ Disclosures 121 Company Disclosures 123 This annual report is dated 14 August 2019 and is signed on behalf of the Board of directors of SkyCity Entertainment Group Limited (SkyCity or the company and, together with its subsidiaries, the Group) by: FINANCIAL STATEMENTS Independent Auditor’s Report 127 Income Statement 134 Statement of Comprehensive Income 135 Rob Campbell Bruce Carter Balance Sheet 136 Chair Deputy Chair Statement of Changes in Equity 137 An electronic copy of this annual report is available in the Investor Centre section of the company’s Statement of Cash Flows 138 website at www.skycityentertainmentgroup.com Notes to the Financial Statements 139 Reconciliation of Normalised Results to Reported Results 174 GRI CONTENT INDEX 178 ABOUT THIS ANNUAL REPORT GLOSSARY 182 Unless otherwise stated, all dollar amounts in this annual report are expressed in New Zealand dollars. DIRECTORY 183 Where appropriate, information is also provided in relation to activities that have occurred after 30 June 2019, but prior to publication of this annual report.
    [Show full text]
  • Dow Jones Sustainability Australia Index
    Effective as of 23 November 2020 Dow Jones Sustainability Australia Index Company Country Industry Group Comment Australia and New Zealand Banking Group Limited Australia Banks National Australia Bank Limited Australia Banks Westpac Banking Corporation Australia Banks CIMIC Group Limited Australia Capital Goods Brambles Limited Australia Commercial & Professional Services Downer EDI Limited Australia Commercial & Professional Services Tabcorp Holdings Limited Australia Consumer Services The Star Entertainment Group Limited Australia Consumer Services Janus Henderson Group plc United Kingdom Diversified Financials Oil Search Limited Papua New Guinea Energy Woodside Petroleum Ltd Australia Energy Coles Group Limited Australia Food & Staples Retailing Fisher & Paykel Healthcare Corporation Limited New Zealand Health Care Equipment & Services Asaleo Care Limited Australia Household & Personal Products Insurance Australia Group Limited Australia Insurance QBE Insurance Group Limited Australia Insurance Suncorp Group Limited Australia Insurance Addition Amcor plc Switzerland Materials Addition BHP Group Australia Materials Boral Limited Australia Materials Evolution Mining Limited Australia Materials Fletcher Building Limited New Zealand Materials Fortescue Metals Group Limited Australia Materials IGO Limited Australia Materials Iluka Resources Limited Australia Materials Incitec Pivot Limited Australia Materials Newcrest Mining Limited Australia Materials Orocobre Limited Australia Materials Rio Tinto Ltd Australia Materials South32 Limited
    [Show full text]
  • Deal Flow Participation
    Deal Flow Participation 3 September 2021 Security Code Issuer Offer Name Role Listing Date Country WIA070.NZ Wellington International Airport Wellington International Airport Fixed Rate Bond Distribution Aug-20 NZ FCL.AX FINEOS FINEOS (FCL) Institutional Placement Distribution Aug-20 AU SYD.AX Sydney Airport Sydney Airport (SYD) Shortfall Bookbuild Distribution Aug-20 AU TAH.AX Tabcorp Tabcorp (TAH) Shortfall Bookbuild Distribution Aug-20 AU IPL020.NZ Investore Property Investore Property Fixed Rate Bond Distribution Sep-20 NZ ORE.AX Orocobre Orocobre (ORE) Institutional Placement Distribution Sep-20 AU MCY030.NZ Mercury Energy Mercury Energy Green Bond Distribution Sep-20 NZ SUM030.NZ Summerset Summerset Fixed Rate Bonds Distribution Sep-20 NZ ABY.AX Adore Beauty Adore Beauty IPO Co-Manager Oct-20 AU VHP.NZ Vital Healthcare Vital Healthcare Placement Distribution Oct-20 NZ OCA010.NZ Oceania Oceania Bond Offer Distribution Oct-20 NZ ARG030.NZ Argosy Argosy Green Bond Distribution Oct-20 NZ CGFPC.AX Challenger Capital Challenger Capital Notes 3 IPO Distribution Oct-20 AU HPG.AX Hipages Group Holdings Hipages IPO Distribution Nov-20 NZ BOQPF.AX Bank of Queensland Limited Bank of Queensland Capital Notes 2 IPO Co-Manager Nov-20 AU BENPH.AX Bendigo and Adelaide Bank Ltd Bendigo and Adelaide Bank Capital Notes IPO Co-Manager Nov-20 AU SML.NZ Synlait Milk Limited Synlait Milk Placement Distribution Nov-20 NZ IAG.NZ Insurance Australia Group Limited IAG Placement Distribution Nov-20 NZ WBCPJ.AX Westpac Banking Corporation Westpac Capital Notes
    [Show full text]
  • 2020 Notice of Annual Meeting
    2020 Notice of Annual Meeting Dear Shareholder Annual Meeting of Shareholders The SkyCity Board invites you to participate in the Friday 16 October 2020 commencing at 1.00pm 2020 Annual Meeting of SkyCity Entertainment (New Zealand time) Group Limited. Business and Agenda of the Meeting Given the ongoing impacts of the COVID-19 A. Chair’s Address pandemic, particularly in relation to domestic and B. Chief Executive Officer’s Address international travel, and the possibility of social C. General Business and Shareholder Questions distancing requirements and restrictions on mass Response to questions submitted prior to the gatherings being maintained or reintroduced in Annual Meeting (to the extent the questions the event of a resurgence of COVID-19 infections have not already been addressed in the in New Zealand, this year’s Annual Meeting above addresses) and questions raised at the will be held virtually via an online platform on Annual Meeting Friday 16 October 2020 commencing at 1.00pm D. Resolutions (New Zealand time). Shareholders will be asked to consider and, Instructions and further details on how to participate if thought appropriate, pass the following in the virtual Annual Meeting are set out in the ordinary resolutions: Explanatory Notes in this Notice of Meeting and the 1. To re-elect Rob Campbell accompanying Virtual Meeting Guide. Rob Campbell retires from office at the Annual Meeting and, being eligible, The SkyCity Board and management look forward to offers himself for re-election welcoming you to the 2020 Annual Meeting. 2. To re-elect Sue Suckling Sue Suckling retires from office at the On behalf of the SkyCity Board Annual Meeting and, being eligible, offers herself for re-election 3.
    [Show full text]
  • Annual Report Year Ended 30 June 2020
    Annual Report Year Ended 30 June 2020 Contents GENERAL CORPORATE GOVERNANCE STATEMENT 4 Chair’s Review AND OTHER DISCLOSURES 6 Chief Executive Officer’s Review 123 Corporate Governance Statement 9 About this Annual Report 134 Remuneration Report 10 Year in Review 145 Shareholder and Bondholder Information 12 Creating Value 148 Directors’ Disclosures 16 Performance 149 Company Disclosures 18 Diversity Snapshot 21 Group Strategy FINANCIAL STATEMENTS 29 About SkyCity 156 Independent Auditor’s Report 31 Auckland 164 Income Statement 34 Hamilton 165 Statement of Comprehensive Income 37 Adelaide 166 Balance Sheet 39 Queenstown 168 Statement of Changes in Equity 41 International Business 169 Statement of Cash Flows 43 Online 170 Notes to the Financial Statements 45 Risk Profile and Management 53 Our Board 224 RECONCILIATION OF NORMALISED RESULTS 56 Our Senior Leadership Team TO REPORTED RESULTS SUSTAINABILITY 228 GRI CONTENT INDEX 63 Sustainability 69 Our Customers 232 GLOSSARY 79 Our People 233 DIRECTORY 93 Our Communities 101 Our Suppliers 111 Our Environment 120 Independent Limited Assurance Statement ANNUAL MEETING Due to the ongoing impacts of COVID-19, the 2020 SkyCity Annual Meeting will be held virtually via an online platform on 16 October 2020 commencing at 1.00pm (New Zealand time). Instructions and further details on how shareholders can participate in the virtual Annual Meeting will be included in the Notice of Meeting. 3 Chair’s Review The 2020 financial year was a tough one for SkyCity and its stakeholders. The external events which impacted the year are well known and the financial performance of the company reflects those events. It also reflects a great deal of skill, energy and support from our stakeholders across the board to react to those events.
    [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]
  • 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]
  • Commsec Margin Lending Approved Securities List
    Accepted ASX Listed Equities as at 21 September 2021 Buffer - 5% Subject to change at the discretion of CommSec Margin Lending Maximum Gearing Ratio - 90% LVR Changes Changes since the last Approved Securities List was published are outlined in the below table: ASX Securities ASX Code Security Name Change Previous Portfolio LVR New Portfolio LVR AST AUSNET SERVICES LIMITED Capped LVR 75% 75% BGL BELLEVUE GOLD LIMITED New LVR 0% 40%* SXL SOUTHERN CROSS MEDIA GROUP LIMITED Uncapped LVR 40%* 40%* QLTY BETASHARES GLOBAL QUALITY LEADERS ETF LVR Increase 65% 70% CLNE VANECK GLOBAL CLEAN ENERGY ETF New LVR 0% 65% *Available via facilities with PLVR enabled only ASX Portfolio Standard Single Stock ASX Portfolio Standard Single Stock Code Security Name LVR LVR LVR Code Security Name LVR LVR LVR A200 BETASHARES AUSTRALIA 200 ETF 80% 75% 70% BNKS BETASHARES GLOBAL BANKS ETF 70% 65% 60% A2M THE A2 MILK COMPANY LIMITED 55% 50% 45% BOQ BANK OF QUEENSLAND LIMITED 70% 65% 60% AAA BETASHARES AUSTRALIAN HIGH INTEREST CASH ETF 90% 85% 80% BOQPE BANK OF QUEENSLAND LIMITED 70% 65% 60% AAC AUSTRALIAN AGRICULTURAL COMPANY LIMITED 50% 45% 40% BOQPF BANK OF QUEENSLAND LIMITED 70% 65% 60% ABA AUSWIDE BANK LTD 50% 45% 40% BPT BEACH ENERGY LIMITED 50% 45% 40% ABC ADELAIDE BRIGHTON LIMITED 60% 55% 50% BRG BREVILLE GROUP LIMITED 65% 60% 55% ABP ABACUS PROPERTY GROUP 65% 60% 55% BSL BLUESCOPE STEEL LIMITED 70% 65% 60% ACDC ETFS BATTERY TECH & LITHIUM ETF 60% 55% 50% BVS BRAVURA SOLUTIONS LIMITED 45% 40% 35% AD8 AUDINATE GROUP LIMITED 40% 0% 0% BWP BWP TRUST 70% 65% 60% ADH ADAIRS LIMITED 45% 40% 35% BWX BWX LIMITED 45% 40% 35% ADI APN INDUSTRIA REIT 60% 55% 50% BXB BRAMBLES LIMITED 80% 75% 70% AEF AUSTRALIAN ETHICAL INVESTMENT LIMITED 40% 35% 30% CAJ CAPITOL HEALTH LIMITED 40% 0% 0% AFG AUSTRALIAN FINANCE GROUP LTD 40% 35% 30% CAR CARSALES.COM LIMITED.
    [Show full text]