SKELLERUP HOLDINGS 2015 ANNUAL REPORT SKELLERUP HOLDINGS 2015 ANNUAL REPORT 2015 Skellerup Holdings Limited L3, 205 Great South Road, Greenlane Auckland 1051, New Zealand PO Box 74526, Greenlane, Auckland 1546, New Zealand T +64 9 523 8240 E
[email protected] W www.skellerupholdings.co.nz 1 Contents BUSINESS REVIEW Highlights 2 Chairman’s Report 4 Chief Executive’s Report 6 US Market Review 8 US Potable Water 10 Working with our Customers 12 Broadening the Skellerup Footprint 14 Project Viking 16 Board of Directors 18 Corporate Governance 20 FINANCIAL REPORT Independent Auditor’s Report 24 Directors’ Responsibility Statement 25 Income Statement 26 Statement of Comprehensive Income 27 Balance Sheet 28 Statement of Changes in Equity 29 Cashflow Statement 30 Notes to the Financial Statements 31 SHAREHOLDER INFORMATION Directors’ Disclosures 59 Shareholder Information 60 Corporate Directory 62 2 SKELLERUP HOLDINGS 2015 ANNUAL REPORT Highlights REVENUE $203.0m Up $6.4m NPAT $21.9m Up $1.2m OPERATING CASH FLOW $17.8m Down $9.5m EARNINGS PER SHARE 11.4c Up 6% DIVIDEND 9.0cps Up 6% 5% Asia 2% Other Europe 24% 19% New Zealand Revenue by Region FY15 % 25 25% Australia North America SKELLERUPFINANCIAL 2015 STATEMENTS HIGHLIGHTS 3 Locations USA Chicago, Illinois Falconer, New York Lincoln, Nebraska Charlotte, North Carolina UNITED KINGDOM Witney, Oxfordshire Nailsea, Bristol ITALY Ala, Trento VIETNAM Ho Chi Minh City CHINA Baochang, Jiangsu Province AUSTRALIA Sydney, New South Wales Melbourne, Victoria NEW ZEALAND Auckland Wellington Christchurch