FOR THE 12 MONTHS ENDED 30 SEPTEMBER 2020
The Directors present their report together with the Financial Statements of the Company and its subsidiaries (the Group) for the 12 months ended 30 September 2020 (the financial year). The information in this report is current as at 18 November 2020 unless otherwise specified.
This Directors' Report has been prepared in accordance with the requirements of Division 1 of Part 2M.3 of the Corporations Act 2001 (Cth) (the Act).
REVIEW AND RESULTS OF OPERATIONS
A review of the operations of the Group for the financial year and the results of those operations, including a discussion on the impacts of the COVID-19 pandemic on the Group's operations, is set out in the Operating and Financial Review which forms part of this Directors' Report.
The reported result of the Group attributable to shareholders for the 12 months ended 30 September 2020 was a profit of $1,377.7 million after tax (2019: profit of $698.8 million after tax).
Further details regarding the financial results of the Group are set out in the Operating and Financial Review and Financial Statements.
Since the end of the financial year, the Directors have authorised a final fully franked dividend of 10.0 cents (2019: 34.0 cents) per fully-paid ordinary share. Details of the dividends paid and declared during the financial year are set out in Note 1-6to the Financial Statements.
Details of the remuneration policies in respect of the Group's Key Management Personnel are detailed in the Remuneration Report which forms part of this Directors' Report. Details of Directors' interests in shares of the Company as at the date of this report are set out on page 54 of the Remuneration Report.
The Group's operations have a limited impact on the environment. The Group is subject to a number of environmental regulations in respect of its integration activities. The Company does not manufacture gaming machines, it only integrates (assembles) machines and systems in Australia, the USA, Macau, and the UK. The Company uses limited amounts of chemicals in its assembly process. The Directors are not aware of any breaches of any environmental legislation or of any significant environmental incidents during the financial year.
Based on current emission levels, the Company is not required to register and report under the National Greenhouse and Energy Reporting Act 2007 (Cth) (NGER Act). However, the Company continues to receive reports and monitors its position to ensure compliance with the NGER Act.
The Company is committed to not only complying with the various environmental laws to which its operations are subject, but also to achieving a high standard of environmental performance across all its operations. The Company is aware of, and continues to plan for, any new Australian regulatory requirements on climate change. Where identified, climate related risks are managed and mitigated through Aristocrat's enterprise risk management processes, which explicitly encompasses climate related risks and opportunities. These risks are also considered as part of core business processes, including strategy development and business continuity planning.
Aristocrat has adopted a phased approach to expanding climate-related disclosures, with improvements being driven over three years, with an initial focus on Risk Management, Governance and Strategy disclosures. Aristocrat undertakes a materiality assessment to identify Environmental, Social, and Governance (ESG) issues relevant to the business on a periodic basis, and environmental issues are considered as part of this assessment.
Further details on sustainability can be found on the Company's website www.aristocrat.com
The principal activities of the Group during the financial year were the design, development and distribution of gaming content, platforms and systems, including electronic gaming machines, casino management systems and digital social games. The Company's objective is to be the leading global provider of gaming solutions.
SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS
Other than the impacts of the COVID-19 pandemic discussed in this Directors' Report (including in the Operating and Financial Review), there were no significant changes in the state of affairs of the Group during the financial year.
EVENTS AFTER BALANCE DATE
Other than the Board authorising the final dividend, since the end of the year and to the date of this Directors' Report, no other matter or circumstance has arisen that has significantly affected or may significantly affect the Group's operations, results of those operations or state of affairs in future reporting periods.
LIKELY DEVELOPMENTS AND EXPECTED RESULTS
Likely developments in the operations of the Group in future financial years and the expected results of operations are referred to in the Operating and Financial Review which forms part of this Directors' Report.
2 ARISTOCRAT LEISURE LIMITED
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