Diploma : Half Year Accounts

8d05d933-3412-4400-ab60-1e7266fd7306.pdf

DIPLOMA GROUP LIMITED ABN 14 127 462 686‌‌

HALF-YEAR FINANCIAL REPORT 31 DECEMBER 2015

Corporate Directory	2
Directors' Report	3
Directors' Declaration	5
Consolidated Statement of Profit or Loss and Other Comprehensive Income	6
Consolidated Statement of Financial Position	7
Consolidated Statement of Changes in Equity	8
Consolidated Statement of Cash Flows	9
Notes to the Consolidated Half-Year Financial Statements	10
Independent Auditor's Review Report	15
Auditor's Independence Declaration	17

The half-year report covers the consolidated entity comprising Diploma Group Limited (ABN 14 127 462 686) and its subsidiaries (the Group). The presentation currency is AUD ($). A description of the Group's operations and principal activities is included in the review of operations in the Director's report.

DIRECTORS

Nick Di Latte Executive Chairman & CEO

Jason Ferris Non Executive Director

Jeffery Hill Non Executive Director

COMPANY SECRETARY

Simon Oaten

PRINCIPAL REGISTERED

First Floor

140 Abernethy Road

Belmont WA 6104

Telephone: [phone]

Facsimile: [phone]

Email: [e-mail]

Website: www.diploma.com.au

SHARE REGISTRY

Computershare Registry Services Pty Ltd

Level 11, 172 St Georges Terrace

Perth WA 6000

Telephone: [phone]

Facsimile: [phone]

AUDITORS

BDO Audit (WA) Pty Ltd

38 Station Street

Subiaco WA 6008

BANKERS

St George Bank

Level 2, Westralia Plaza

167 St Georges Terrace

Perth WA 6000

In respect of the half-year ended 31 December 2015, the Directors of Diploma Group Limited (referred to in these financial statements as "the Company" or "Diploma") submit the following report in respect of the consolidated entity.

DIRECTORS

The names of the Company's directors in office during the whole of the half-year until the date of this report are set out below. Directors were in office for this entire period.

Nick Di Latte (Executive Chairman & CEO) Jason Ferris (Non-executive Director) Jeffery Hill (Non-executive Director)

NATURE OF OPERATIONS AND PRINCIPAL ACTIVITIES

Diploma is a commercial construction and property development business, which offers a complete vertically integrated model by managing the entire design process of a project, from initial concept through to final delivery of the end product. The Group has two divisions, which are responsible for carrying out the Group's activities. Within each division Diploma offers a comprehensive range of services that include:

Construction

• Design capabilities;

• Quality construction;

• Construction management;

• Site supervision and administration;

• Joint venture partnerships; and

• Total service capability from concept drawings through to interior design.

  
  

  Property Development

  
  

• Feasibility studies;

• Site acquisition;

• Building design;

• Project management;

• Joint venture partnerships;

• Sales and marketing coordination; and

• Funds management.

REVIEW AND RESULTS OF OPERATIONS

Diploma Group Limited (the Group) recorded a net profit after tax of $0.575 million for the period ended 31 December 2015 equating to a profit of 0.12 cents per share (December 2014: loss of $1.215 million or 0.26 cents per share). Revenue was up 188% compared to the same time last year to $88.538 million.