The Directors advise that the unaudited net tangible asset backing of the Company's ordinary shares at 31 October 2020 was $8.29 per share (30 September 2020 $8.18 per share). The net asset backing calculation is based on investments at market value, is after tax on net realised gains, before any future tax benefit of net realised losses and before estimated tax on net unrealised gains/losses.
Australian United Investment Company Limited is a long‐term investor and does not intend disposing of its total portfolio. However, under current accounting standards the Company is required to provide for estimated tax on any net gains that would arise on such a theoretical disposal. After deducting this provision, the above figure would be $7.26 (30 September 2020 $7.18).
At 31 October 2020:
The Company had bank facilities of $150M, drawn as to $100M;
Short term payables net of cash were $3M.
At the date of this announcement, bank facilities were drawn to $110M.
A list of the Company's top 25 investments is attached.
Authorised by:
A J Hancock
Company Secretary
AUSTRALIAN UNITED INVESTMENT COMPANY LIMITED
25 LARGEST SHAREHOLDINGS
AS AT 31 OCTOBER 2020
As at 31 October 2020 the twenty‐five largest shareholdings of the company, at market values were:
Company
Market Value
% of Market Value of
$'000
Total Investments
1.
CSL Ltd
115,024
10.1%
2.
Commonwealth Bank
89,726
7.9%
3.
Transurban Group
74,972
6.6%
4.
Rio Tinto Ltd
69,323
6.1%
5.
BHP Billiton Ltd
64,182
5.6%
6.
Diversified United Investment Ltd
60,768
5.3%
7.
Wesfarmers Ltd
60,667
5.3%
8.
Australia New Zealand Banking Group Ltd
52,198
4.6%
9.
Westpac Banking Corp
47,462
4.2%
10.
Atlas Arteria Ltd
39,480
3.5%
11.
Woolworths Ltd
38,160
3.4%
12.
Woodside Petroleum Ltd
35,916
3.2%
13.
National Australia Bank
29,350
2.6%
14.
Sydney Airport
29,287
2.6%
15.
Washington H Soul Pattinson
29,141
2.6%
16.
Ramsay Health Care Ltd
25,252
2.2%
17.
Coles Group Ltd
23,430
2.1%
18.
Seek Ltd
21,510
1.9%
19.
Resmed Inc.
20,940
1.8%
20.
Carsales.Com Ltd
16,616
1.5%
21.
Brambles Ltd
15,584
1.4%
22.
Orica Ltd
15,260
1.3%
23.
Aurizon Holdings Ltd
15,080
1.3%
24.
Invocare Ltd
14,176
1.2%
25.
Event Hospitality and Entertainment Ltd
12,375
1.1%
1,015,879
89.4%
Total Investments at Market Value, Net Short‐
Term Receivables and Cash
1,136,014
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Disclaimer
Australian United Investment Company Limited published this content on 09 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2020 09:40:04 UTC
Australian United Investment Company Limited is an Australia-based investment company. The Companyâs objective is to take a medium to long term view and to invest in a diversified portfolio of listed Australian equities, which have the potential to provide income and capital appreciation over the longer term. The Companyâs investment objectives are to create and maintain a diversified portfolio of Australian companies, primarily through shares listed on the Australian Stock Exchange (ASX), with a medium to long term view of providing income and capital appreciation; to actively manage the portfolio to monitor and reduce risks and identify market opportunities as they arise; and to provide dividend income to shareholders, which is sustainable over the long-term, maintaining full franking when possible. It invests in various sectors, such as banks, consumer, energy, healthcare, infrastructure and utilities, industrials, mining, other financials, property, and transportation.
AUSTRALIAN UNITED INVESTMENT COMPANY LIMITED 
