ASX Announcement
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ASX Announcement Results for Announcement to the Market Preliminary Final Report – Listing Rule 4.3A 30 August 2012 Lend Lease Group today announces its results for the year ended 30 June 2012. Attached are the following documents: Preliminary Final Report (Appendix 4E) Full Year Consolidated Financial Report Management Discussion & Analysis of Financial Condition and Results of Operations Portfolio Report Five Year Profile Directors’ Report Consolidated Financial Statements Independent Auditor’s Report For further information, please contact: Investor Relations: Corporate Affairs: Sally Cameron Iwona Polski Group Executive - Investor Relations Media & External Communications Manager Tel:02 9236 6464 Tel: 02 9237 5034 Lend Lease Corporation Limited ABN 32 000 226 228 1 and Lend Lease Responsible Entity Limited ABN 72 122 883 185 AFS Licence 308983 as responsible entity for Lend Lease Trust ABN 39 944 184 773 ARSN 128 052 595 Level 4, 30 The Bond Telephone +61 2 9236 6111 30 Hickson Road Facsimile +61 2 9252 2192 Millers Point NSW 2000 www.lendlease.com Australia Lend Lease Group Appendix 4E Lend Lease Group (‘the Group’) comprises Lend Lease Corporation Limited (‘the Company’) ABN 32 000 226 228 and Lend Lease Trust (‘LLT’) ARSN 128 052 595 the responsible entity of which is Lend Lease Responsible Entity Limited ABN 72 122 883 185 Preliminary Final Report for the financial year ended 30 June 2012 (previous corresponding period being the financial year ended 30 June 2011) Results for Announcement to the Market Profit After Tax June 2012 June 2011 % A$m A$m Change Revenue 11,547.5 8,926.7 29.4 Profit after tax attributable to securityholders 501.4 492.8 1.7 Stapling of the Company Shares and LLT Units Shares in the Company and units in LLT are traded as one security under the name of Lend Lease Group on the Australian Securities Exchange (‘ASX’). The Company is deemed to control LLT for accounting purposes and therefore LLT is consolidated into the Group’s financial report. The issued units of LLT, however, are not owned by the Company and are therefore presented as non controlling interests in the consolidated entity statement of financial position within equity, notwithstanding that the unitholders of LLT are also the shareholders of the Company. Distributions Amount Franked amount per security per security Interim distribution – paid 30 March 2012 16.0 cents 0.0 cents Final distribution – payable 28 September 2012 22.0 cents 0.0 cents Total amount per security 38.0 cents 0.0 cents The final distribution is unfranked and sourced from the Conduit Foreign Income (‘CFI’) account. The record date for determining entitlement to the final distribution is 12 September 2012 (‘Record Date’) and the distribution is payable on 28 September 2012. There were no distributions declared or paid by Lend Lease Trust in respect of the financial year ended 30 June 2012. The Group’s Distribution Reinvestment Plan (‘DRP’) was reactivated in February 2011. The last date for receipt of an election notice for participation in the DRP is 11 September 2012. The issue price is the arithmetic average of the daily volume weighted average price of Lend Lease stapled securities traded (on the Australian Securities Exchange) for the period of five consecutive business days immediately following the Record Date. If that price is less than 50 cents, the issue price will be 50 cents. Stapled securities issued under the DRP rank equally with all other stapled securities on issue. Additional Information June 2012 June 2011 Net tangible assets per security $4.38 $4.05 The Annual General Meeting The Annual General Meeting will be held in Ballroom 1, The Westin Hotel, 1 Martin Place, Sydney, NSW at 10:00am on Thursday 15 November 2012. The Annual Report will be available in October 2012. The remainder of the information requiring disclosure to comply with listing rule 4.3A is contained in the attached June 2012 Management Discussion and Analysis and the audited June 2012 Annual Consolidated Financial Report. Lend Lease Group Appendix 4E 30 June 2012 Annual Consolidated Financial Report 2012 Lend Lease Group Management Discussion and Analysis of Financial Condition and Results of Operations (MD&A) Table of Contents Overview .................................................................................................................................................................................... 1 Introduction ...................................................................................................................................................................................... 1 Results Summary ............................................................................................................................................................................. 1 Securityholder Returns ..................................................................................................................................................................... 3 Distributions ..................................................................................................................................................................................... 3 Group Funding ................................................................................................................................................................................. 4 Cash Flow ........................................................................................................................................................................................ 4 Investments ..................................................................................................................................................................................... 5 Property Investment Revaluations .................................................................................................................................................... 5 Australia ..................................................................................................................................................................................... 6 Key Financial Results ....................................................................................................................................................................... 6 Development .................................................................................................................................................................................... 6 Construction .................................................................................................................................................................................... 9 Investment Management ................................................................................................................................................................ 10 Infrastructure Development ............................................................................................................................................................ 10 Asia ......................................................................................................................................................................................... 11 Key Financial Results ..................................................................................................................................................................... 11 Development .................................................................................................................................................................................. 11 Construction .................................................................................................................................................................................. 11 Investment Management ................................................................................................................................................................ 12 Europe...................................................................................................................................................................................... 13 Key Financial Results ..................................................................................................................................................................... 13 Development .................................................................................................................................................................................. 13 Construction .................................................................................................................................................................................. 14 Investment Management ................................................................................................................................................................ 14 Infrastructure Development ............................................................................................................................................................ 14 Americas .................................................................................................................................................................................. 15 Key Financial Results ....................................................................................................................................................................