The Directors advise that the unaudited net tangible asset backing of the Company's ordinary shares at 31 January 2021 was $9.46 per share (31 December 2020 $9.46 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 $8.08 (31 December 2020 $8.08).
At 31 January 2021:
The Company had bank facilities of $150M, drawn as to $120M;
Cash and net short term receivables were $16M.
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 JANUARY 2021
As at 31 January 2021 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
108,688
8.3%
2.
Commonwealth Bank of Australia
108,563
8.3%
3.
BHP Group Ltd
87,120
6.7%
4.
Rio Tinto Ltd
82,733
6.3%
5.
Transurban Group
73,747
5.7%
6.
Wesfarmers Ltd
72,085
5.5%
7.
Diversified United Investment Ltd
68,976
5.3%
8.
Australia & New Zealand Banking Group Ltd
58,113
4.5%
9.
Westpac Banking Corporation
55,995
4.3%
10.
Woodside Petroleum Ltd
50,164
3.9%
11.
Atlas Arteria
44,310
3.4%
12.
Woolworths Ltd
40,860
3.1%
13.
Washington H Soul Pattinson & Co Ltd
31,257
2.4%
14.
Sydney Airport
30,888
2.4%
15.
Seek Ltd
28,050
2.2%
16.
National Australia Bank
26,600
2.0%
17.
Ramsay Health Care Ltd
25,503
2.0%
18.
Aristocrat Leisure Ltd
24,848
1.9%
19.
Coles Group Ltd
24,037
1.8%
20.
Resmed Inc.
20,415
1.6%
21.
Challenger Ltd
19,980
1.5%
22.
Carsales.Com Ltd
19,620
1.5%
23.
Brambles Ltd
17,176
1.3%
24.
Invocare Ltd
15,680
1.2%
25.
Orica Ltd
15,260
1.2%
1,150,668
88.3%
Total Investments at Market Value, Net Short-
Term Receivables and Cash
1,302,597
Attachments
Original document
Permalink
Disclaimer
Australian United Investment Company Limited published this content on 09 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2021 09:30:11 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 
