Down 47.0 % | 2,536 | 4,789 |
Down 58.0 % | 1,490 | 3,547 |
Down 58.0 % | 1,490 | 3,547 |
Up 20.2 % | (960) | (1,203) |
Down 48.4 % | 2,450 | 4,750 |
Revenue from ordinary activities
Profit/(loss) from ordinary activities after tax attributable to members
Net profit/(loss) attributable to members
Profit/(loss) from continuing operations before increase /(decrease) in fair value of investment properties
Increment/(decrement) in fair value of investment properties
Distribution to membersSee note 3, it is not proposed that a distribution be
paid to members in respect of the period --
Net Tangible Assets | $ | $ |
Net tangible assets per security | $0.11 | $0.10 |
RESULTS COMMENTARY
Explanation of revenue
Total revenue for the year ended 30 June 2016 is $2.5 million, down 47.0% against the last corresponding period. This is the result of reclassifying income, following the Trust's restructure in the last corresponding period.
Explanation of net profit attributable to unitholders
Net income attributable to unitholders is $1.5 million, down 58.0% over the last corresponding period. The decrease in net profit attributable to unitholders was largely a result of the lower increment in the fair value of the Trust's investment property, Linkletters Place, as disclosed in the notes.
Explanation of distributions
As a result of the ongoing absence of rental income there will be no distribution for the year ended 30 June 2016.
Audit of the financial report
The accompanying Annual Report has been audited and contains an emphasis of matter with respect to the independent audit opinion. Reference should be made to notes for further detail.
For all other information required to be disclosed in Appendix 4E, please refer to the attached Annual Report
Dated at Sydney this 30th day of August 2016. Signed in accordance with a resolution of the directors.
Justin Epstein Chairman
One Managed Investment Funds Limited
3
Agricultural Land Trust published this content on 31 August 2016 and is solely responsible for the information contained herein.
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