Annual Report 2018
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ANNUAL REPORT 2000 IRISH TAKEOVER PANEL Report for the year ended June 30, 2000 IRISH TAKEOVER PANEL Report for the year ended June 30, 2000 This third annual report of the Irish Takeover Panel is made to Mary Harney, T.D., Minister for Enterprise, Trade and Employment as required by section 19 of the Irish Takeover Panel Act, 1997 Irish Takeover Panel (Registration No. 265647), 8 Upper Mount Street, Dublin 2 Telephone: (01) 6789020 Facsimile: (01) 6789289 Contents Page Members of the Panel, Directors and Director General 3 Introduction 5 Chairperson’s Statement 7 Director General’s Report 9 Directors’ Report 13 Statement of Directors’ Responsibilities 15 Auditors’ Report 16 Financial Statements 18 Appendix 1 Administrative Appendix 24 Appendix 2 Takeovers supervised by Irish Takeover 31 Panel, July 1, 1999 to June 30, 2000 Appendix 3 List of Relevant Companies as 32 at June 30, 2000 Euro denominated memoranda Financial Statements 33 2 Members of the Panel Irish Association of Investment Managers Irish Clearing House Limited Nominated by the Irish Bankers Federation Irish Stock Exchange Limited Law Society of Ireland Brian Walsh Nominated by the Consultative Committee of Accountancy Bodies Ireland Directors of the Panel Chairperson Daniel O’Keeffe, S.C. } } Appointed by the Governor of the Central } Bank of Ireland Deputy Chairperson William M. McCann, FCA } Leonard Abrahamson Appointed by the Irish Stock Exchange (Alternate: Brendan O’Connor) Ann Fitzgerald Appointed by the Irish Association of Investment Managers Daniel J. Kitchen Appointed by the Consultative Committee of Accountancy Bodies Ireland Brian J. O’Connor Appointed by the Law Society of Ireland (Alternate: Laurence Shields) Roisin Brennan Appointed by the Irish Bankers Federation (Alternate: John Butler) Director General (and Secretary of the Panel) Miceal Ryan 3 4 Introduction The Irish Takeover Panel (“the Panel”) is the statutory body responsible for monitoring and supervising takeovers and other relevant transactions in Ireland. -
Annual Integrated Report 2019 Welcome – Tēnā Koutou
F.18A KIWIRAIL’S EVOLUTION ANNUAL INTEGRATED REPORT 2019 WELCOME – TĒNĀ KOUTOU Rail has a long and proud history in reservation and tracking system. Those services contribute to our New Zealand, stretching back more We will also be replacing aging purpose of building a better than 150 years. The financial year to locomotives and wagons and improve New Zealand through stronger 30 June 2019 (FY19) has seen the our major maintenance depots at Hutt connections. Government renew that commitment and Waltham. It will also be used to We do this by putting the customer at to rail, laying the foundations for us to progress the procurement of two new, the centre of everything we do, and our play the role we should in delivering for rail-enabled ferries that will replace workers strive every day to meet their the country. Interislander’s aging Aratere, Kaitaki, needs. In the 2019 Budget, the Government and Kaiarahi ferries. allocated $741 million through Vote Our workforce, spread throughout That outstanding level of investment Transport over the next two years and New Zealand, reflects the nation. It made a further $300 million available is a clear recognition of the value includes men and women from all for regional rail projects through the rail adds to New Zealand’s transport corners of the world, and from diverse Provincial Growth Fund (PGF). system. ethnic backgrounds. There is however still room to improve. The money is being used to address It is a driver of economic development legacy issues to improve reliability and employment, delivered through These are exciting times for rail in and resilience for tracks, signals, our freight network, world-class tourism New Zealand, and we look forward to bridges and tunnels, for new freight services, and the commuter services building a future on the investment that handling equipment and a new freight we enable in Auckland and Wellington. -
2017 Results Presentation 8Th March 2018 Full Year 2017 Performance Summary
2017 Results Presentation 8th March 2018 Full Year 2017 Performance Summary • Revenue for the year grew 3.0% to €335.1 million (2016: €325.4 million). In the Ferries division revenue* increased Revenue by 0.8% to €204.4 million (2016: €202.7 million) while in the Container and Terminal division revenue* increased €335.1m by 6.5% to €130.7 million (2016: €122.7 million). 2017 2016 +3.0% • EBITDA for the year decreased by 3.0% to €81.0 million (2016: €83.5 million). EBITDA in the Ferries division EBITDA decreased by 4.8% to €67.3 million (2016: €70.7 million). The EBITDA in the Container and Terminal division €81.0m increased by 7.0% to €13.7 million (2016: €12.8 million) 2017 2016 -3.0% • Net cash of €39.6 million at 31 December 2017 (Net debt of €37.9 million in 2016). Net Cash €39.6m • Adjusted EPS decreased by 7.6% to 29.0 cent from 31.4 2017 2016 cent in 2016. • IAS 19 accounting surplus on retirement benefit schemes of €4.7m (31 December 2016 – deficit of €14.5m). Basic EPS 44.1c • Disposal of MV Kaitaki for a total consideration of €45m, 2017 2016 +40.4% giving a gain on disposal (after tax) of €24.9m. *Exclusive of Inter-segment Revenue Irish Continental Group 2017 Results Presentation - 8th March 2018 2 ICG Business Units Ferries Division Container & Terminal Division Irish Ferries, the leading ferry Eucon, the leading container shipping company operating between the operator between Ireland and the UK/Continent and the Republic of Continent. -
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ANNUAL REPORT 1998 IRISH TAKEOVER PANEL Report for the period from April 29, 1997 to June 30, 1998 IRISH TAKEOVER PANEL Report for the period from April 29, 1997 to June 30, 1998 This first report of the Irish Takeover Panel is made to Ms. Mary Harney, T.D., Minister for Enterprise, Trade and Employment as required by section 19 of the Irish Takeover Panel Act, 1997 Irish Takeover Panel (Registration No. 265647), 8 Upper Mount Street, Dublin 2 Telephone: (01) 6789020 Facsimile: (01) 6789289 Contents Page Members of the Panel, Directors and Director General 3 Introduction 5 Chairperson’s Statement 7 Director General’s Report 11 Directors’ Report 19 Statement of Directors’ Responsibilities 21 Auditors’ Report 22 Financial Statements 24 Appendix 1 Administrative Appendix 31 Appendix 2 Takeovers supervised by Irish Takeover 34 Panel, July 1, 1997 to June 30, 1998 Appendix 3 List of Relevant Companies as 35 at June 30, 1998 2 Members of the Panel Irish Association of Investment Managers Irish Clearing House Limited Nominated by the Irish Bankers Federation Irish Stock Exchange Limited Law Society of Ireland Sean Dorgan Nominated by the Consultative Committee of Accountancy Bodies Ireland Directors of the Panel Chairperson Daniel O’Keeffe, S.C. } } Appointed by the Governor of the Central } Bank of Ireland Deputy Chairperson William M. McCann, FCA } Kenneth Beaton Appointed by the Irish Stock Exchange Limited (Alternate: Michael Dillon) Ann Fitzgerald Appointed by the Irish Association of Investment Managers Daniel J. Kitchen Appointed by the Consultative Committee of Accountancy Bodies Ireland Brian J. O’Connor Appointed by the Law Society of Ireland (Alternate: Alvin Price) Philip Sykes Appointed by the Irish Bankers Federation (Alternates: Richard Keatinge Hugh Cooney) Director General (and Secretary of the Panel) Leo Conway 3 4 Introduction The Irish Takeover Panel (“the Panel”) is the statutory body responsible for monitoring and supervising takeovers and other relevant transactions in Ireland. -
Mv Kaitaki Docking
MV KAITAKI DOCKING Client Thales Australia Pty Ltd / Interislander Ferries Location Garden Island, NSW, Australia Scope • High Pressure water washing • Mechanical descaling • Ultra-High Pressure water blasting • Dry abrasive blasting • Application of protective coatings by spray and roller Asset Preservation & Rehabilitation When Risk Matters ASMD UPGRADE Project Details The MV Kaitaki is a ROPAX ferry built in 1995. As of 2008, MV Kaitaki is the largest ferry providing the Inter-islander service between the North and South Islands of New Zealand having taken its latest name in 2007. KiwiRail, the operator of the Inter-islander ferries, bought the Kaitaki in 2017. Eptec Marine was commissioned by Thales Australia Pty Ltd to undertake the preparation and preservation works for MV Kaitaki for its 2017 Docking. This was a particularly short docking period, with only 16 days to complete a range of works. Eptec completed High Pressure Washing on all external surfaces and conducted surface preparation works to various areas of the ship. A key aspect of this docking was the application of a silicone coating to the underwater hull, to an area size of over 4,830 sqm. Due to such extensive work over a short period, Eptec had assigned a workforce of over 60 employees to this project. We ran day and night shifts to accommodate for the workload and other trades, whilst ensuring the safety of our employees at every avenue. Eptec delivered the project to a satisfied client whilst managing risk at every level. We aim to keep our employees and the environment safe, every day. Contact Details Head Office: 463-467 Harris Street, Ultimo, Sydney Phone: 02 9034 6969 | Fax: 02 9034 6970 | Email: [email protected] | Web: www.eptec.com.au. -
October 31St, 2016
October 31, 2016 The New Ireland Fund Performance Data and Portfolio Composition QTR END NAV (unaudited) & MARKET PRICE PERFORMANCE as of 10/31/2016 NAV per share $13.04 20% Market Price $11.65 15% Discount to NAV -10.66% 10% 12 MONTH RANGE OF PRICES 5% NAV high, 12/7/15 $17.24 0% NAV low, 6/27/16 $12.03 -5% Market Price high, 12/23/15 $15.11 -10% 3 Fscl 1 3 5 10 Incpt mths YTD Year Year Year Year Market Price low, 6/27/16 $11.05 NAV -0.30% -5.66% -5.66% 6.51% 15.35% 1.38% 7.65% Market Price 0.16% 1.08% 1.08% 7.43% 15.17% 0.84% 6.90% Benchmark^^ -2.70% -6.58% -6.58% 4.44% 13.45% -0.30% 7.35% Source: Fund’s Accounting Agent as of 10/31/16. Past performance is no guarantee of future results. Investment DISTRIBUTIONS returns and principal value will fluctuate and shares when sold, may be worth more or less than original cost. Current performance may be lower or higher than the performance data Most recent* September 13, 2016 quoted. NAV return data includes investment management fees, custodial charges and administrative fees (such as Director and legal fees) and assumes the reinvestment of all Distribution, most recent $0.28912 distributions. The Fund is subject to investment risk, including the possible loss of principal. Returns for less than one year are Cumulative, 12 months** $1.24887 not annualized. Managed distribution rate** 8.0% of FYE NAV^ ^^The Benchmark is the MSCI All Ireland Capped Index. -
Financial Planning Fees and Commission Arrangements
Financial Planning Fees and Commission Arrangements Date Fees and Commission Arrangements We may receive initial, renewal and or trail commission from third parties or associated companies relating to transactions we place for you. Details of the exact amount of such commission will, where appropriate, be disclosed to you either before or immediately after a particular transaction has been arranged. We will provide you with details of the commission arrangements relating to any product, on request. Examples of the maximum commission typically paid to us and the basis of the service provided are set out below in relation to various types of products. Maximum Commission Structure The percentage figures below relate to the initial investment amount or the premium amount. In relation to renewals the percentage figures relate to the annual premium amount. In relation to trail the percentage figures relate to the value of your fund. Product Maximum Maximum Maximum Basis of Initial Renewal Trail Service (Fair and personal analysis) Protection (Life, Income, Serious llness) 180% 20% Nil Yes Regular Premium Pension Plan 15% 1% 1% Yes Single Premium Pension 3% Nil 1% Yes Regular Premium PRSA 15% 1% 1% Yes Single Premium PRSA 3% Nil 1% Yes Single Premium Portfolio PRSA* Nil Nil Nil No Buy Out Bond 3% Nil 1% Yes Approved Retirement Fund/Approved 3% Nil 1% Yes Minimum Retirement Fund Compulsory Purchase Annuity 2% Nil Nil Yes Regular Savings Plan 15% 1% 1% Yes Investment Lump Sum 3.5% Nil 1% Yes Tracker Bond/Structured Deposit 5% Nil Nil No Other Products 4% Nil Nil No * The commission and charges which apply to a Goodbody Single Premium Portfolio PRSA, will be disclosed to you, in advance, in the relevant agreement. -
ANNUAL INTEGRATED REPORT 2017 F.18A
Reliable. Sustainable. Valuable. ANNUAL INTEGRATED REPORT 2017 F.18a Welcome – Tēnā koe For more than 150 years rail has played a vital role as an enabler of economic growth in New Zealand, evolving and adapting to meet customer needs despite significant geographical challenges and changing trends in trade. In the 1800s engineers designed a rail network that could operate in New Zealand’s uncompromising landscape, implementing wooden infrastructure that ran across swamps, rugged mountains, dense forests and wide rivers, to connect otherwise isolated communities and industries to the market. Much has changed since KiwiRail’s humble beginnings in 1863. Wooden infrastructure has been replaced by more resilient materials and today we look to advanced technological solutions to ensure the safety of the network and our people. To this day KiwiRail’s rail network continues to connect businesses, communities, importers and exporters to the world. As history shows, rail is adept at changing its services to meet the evolving needs of industry. As port flows increase and commuter demands continue to grow, KiwiRail is developing dynamic and innovative solutions to meet New Zealand’s changing transport requirements. 2 | Reliable. Sustainable. Valuable. | KiwiRail Annual Integrated Report 2017 Contents Overview of our business Capitals review Governance review At a glance 4 Main North Line case study 20 The KiwiRail Board 48 Who we are and what we do 6 Financial 22 The KiwiRail Executive Team 50 Tourism case study 25 How we are governed 52 Management -
Waitohi Picton Ferry Precinct Redevelopment
PORT MARLBOROUGH NEW ZEALAND LTD & KIWIRAIL HOLDINGS LTD & MARLBOROUGH DISTRICT COUNCIL WAITOHI PICTON FERRY PRECINCT REDEVELOPMENT Summary of Applications 21 December 2020 TABLE OF CONTENTS 1. Introduction ___________________________________________________________ 1 2. Background __________________________________________________________ 2 2.1 History and Background 2 2.2 KiwiRail Objectives 3 2.3 Port Marlborough Objectives 5 3. Description of the Site and Surrounding Area ________________________________ 7 3.1 Overview of the Site 8 3.2 Surrounding Area 9 4. Project Description _____________________________________________________ 11 4.1 Key Outcomes of the Precinct Redevelopment 11 4.2 Ferry Terminal Works 12 4.3 Works within the Coastal Marine Area 13 4.4 Works within the Rail Yard 15 4.5 Works within Roads 16 4.6 Construction Staging of Waitohi Picton Ferry Precinct 16 5. Statutory Context and Requirements_______________________________________ 17 5.1 The COVID-19 Recovery (Fast-track Consenting) Act 2020 17 5.2 Consenting Strategy under the CRA and RMA 18 5.3 Consenting Requirements 19 6. Overview of the Applications _____________________________________________ 19 6.1 Outline Plan of Works 1A – KiwiRail Works within Railway Designation 20 6.2 Outline Plan of Works 1B – MDC Works within Roads 21 6.3 Resource consent 2A – Port Marlborough Terminal Works 22 6.4 Resource Consent 2B – KiwiRail Retaining Wall 23 6.5 Resource Consent 2C – Accessways and Works Over the Waitohi Awa 23 7. Consultation and Community Engagement _________________________________ -
A Round up of the Main Financial Stories of Interest from the Weekend Papers. 15Th June 2020
@CantorIreland Cantor Fitzgerald Ireland A round up of the main financial stories of interest from the weekend papers. 15th June 2020 Pages 2 - 5: Press Summary Page 6: Links to Our research publications and market insights https://cantorfitzgerald.ie/ Cantor Fitzgerald Ireland Ltd (Cantor) is regulated by the Central Bank of Ireland. Cantor Fitzgerald Ireland Ltd is a member firm of the Irish Stock Exchange and the London Stock Exchange Weekend Press Summary Saturday 13th June 2020 Sunday 14th June 2020 The Saturday Irish Times Sunday Business Post This week in his Market Beat column, Joe Brennan reviews Climate watchdog to be given legal powers in bid to win Irish Continental Group, who last week announced that they Greens’ support for coalition. Some of the proposals on the table pulled out of a deal with German ship builder FSG to build a 1,800 are: tax cuts off the table for lifetime of new government; an passenger vessel for €165.2 million. This vessel was due for acceleration of the rollout of the national broadband plan and the delivery in late 2020. The company recouped its 20 percent deposit. phasing out of the direct provision system Swiss activist investor Veraison Capital who leads a group of Ian Guider: Hard choices are inevitable as Central Bank homes dissident shareholders in Irish as Swiss listed Aryzta have asked in on loan losses. Heavily exposed to mortgages and loans to the company to hold an EGM at which they are proposing to unseat hard-hit SMEs, Irish banks are under pressure from both regulators chairman Gary McGann and other board members. -
Interim Report 2005
Wednesday 31 August 2016 Interim Management Report for the half year ended 30 June 2016 Irish Continental Group (ICG) the leading Irish-based maritime transport group, reports a solid financial performance for the half year ended 30 June 2016. Highlights Revenue up 5.2% to €150.5 million (2015: €143.1 million) EBITDA up 19.6% to €30.5 million (2015: €25.5 million) Basic EPS up 32.1% to 10.3c (2015: 7.8c) RoRo freight volumes up 5.6% to 139,100 units (2015: 131,700 units) Cars carried up 5.5% in the period to 170,500 units (2015: 161,600 units) Container volumes shipped in the period up 7.4% to 152,700 teu (2015: 142,200 teu) Port lifts handled in the period up 39.6% to 144,800 lifts (2015: 103,700 lifts) MV Kaitaki to remain on charter to June 2020 Net Debt down 57.3% to €18.9 million from €44.3 million at 31 December 2015 IAS 19 accounting deficit on retirement benefit schemes has increased from €5.1 million at 31 December 2015 to €32.8 million at 30 June 2016 Interim dividend 3.820 cent, up 5.0% (2015: 3.638 cent) Commenting on the results of Irish Continental Group, Chairman John B. McGuckian said; ‘‘I am pleased to report a strong performance for the first six months of the financial year underpinned by increased car and freight volumes, lower fuel prices and increased charter revenues. In the second half of the year the uncertainty caused by the outcome of the UK Referendum on European Union membership held on 23 June 2016 had an initial negative impact on tourism bookings which have since recovered. -
Irish Stock Exchange Listing Rules: Sponsor Regime
Irish Stock Exchange Listing Rules: Sponsor Regime Irish Stock Exchange Daryl Byrne, Aisling McArdle & Orla O‟Gorman Mason Hayes & Curran Justin McKenna & Ciaran Healy 21 September 2016 FCA Listing Rules & ISE Listing Rules Recent Market Activity Key Entrants to Irish Equity Markets - Permanent TSB Group Holdings plc (2015 – MSM) - Irish Residential Properties plc (2014 – MSM) - Green REIT plc (2013 – MSM) - Hibernia REIT plc (2013 – MSM) - Applegreen plc (2015 – MSM) - Hostelworld Group plc (2015 – MSM) - Dalata Hotel Group plc (2014 – ESM, now MSM) - Malin Corporation plc (2015 – ESM) Notable Departures from Irish Equity Markets - Dragon Oil plc (2015 – MSM) - Aer Lingus Group plc (2015 – MSM) - Elan Corporation plc (2013 – MSM) - ICON plc (2013 – MSM) - Petroceltic International plc (2016 – ESM) Recent Market Activity Funds Raised on Irish Equity Markets (€m) 3500 3000 2500 2000 Funds Raised on Irish 1500 Equity Markets 1000 500 0 2012 2013 2014 2015 Irish PLCs The Irish PLCs that are relevant to UK firms for equity capital markets purposes are those listed on: i. London Official List and the Irish Main Securities Market ii. London Official List only iii. AIM and the Irish ESM iv. AIM only Irish Companies with Dual Listing on UK Official List and Irish MSM Market Capitalisation as of September 2016 UK Official List and Irish MSM Aminex plc Glanbia plc Kerry Group plc €80m €5.1bn €13.6bn Bank of Ireland Group Green REIT plc Kingspan Group plc €6.2bn €986m €4.5bn C&C Group plc Hibernia REIT plc Paddy Power Betfair plc €1.2bn €951m €9.1bn