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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Event Hospitality & Entertainment Limited    EVT   AU000000EVT1

EVENT HOSPITALITY & ENTERTAINMENT LIMITED

(EVT)
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Event Hospitality & Entertainment : 2020 Annual Report

09/17/2020 | 08:35pm EST

A B N 5 1 0 0 0 0 0 5 1 0 3

AnnualEVENT HOSPITALITY & ENTERTAINMENT LIMITED

Report

2020

( 9 ( 1 7 + 2 6 3 , 7 $ / , 7 < ( 1 7 ( 5 7

$ , 1 0 ( 1 7 / , 0 , 7 ( '

$ % 1

$ 1 1 8 $ / 5 ( 3 2 5 7

& 2 1 7 ( 1 7 6

Section

Page

Directors' Report

2

Message from the Chairman regarding the Remuneration Report

20

Directors' Report: Remuneration Report - Audited

21

Lead Auditor's Independence Declaration

34

Statement of Financial Position

35

Income Statement

36

Statement of Comprehensive Income

37

Statement of Changes in Equity

38

Statement of Cash Flows

39

Notes to the Financial Statements

Section 1 - Basis of preparation

1.1

- Reporting entity

40

1.2

- Basis of preparation

40

1.3

- Foreign currency

43

1.4

- New and amended accounting standards adopted by the Group

44

Section 2 - Performance for the year

2.1

- Revenue

49

2.2

- Segment reporting

53

2.3

- Individually significant items

58

2.4

- Discontinued operations

58

2.5

- Taxation

60

2.6

- Earnings per share

63

Section 3 - Operating assets and liabilities

3.1

- Trade and other receivables

64

3.2

- Inventories

65

3.3

- Property, plant and equipment

65

3.4

- Investment properties

70

3.5

- Goodwill and other intangible assets

71

3.6

- Trade and other payables

73

3.7

- Provisions

73

3.8

- Commitments and leases

75

3.9

- Other liabilities

79

Section 4 - Capital structure and financing

4.1

- Share capital

80

4.2

- Dividends

81

4.3

- Reserves

82

4.4

- Loans, borrowings and financing arrangements

83

4.5

- Financial risk management

84

Section 5 - Group composition

5.1

- Business combinations

89

5.2

- Subsidiaries

90

5.3

- Interests in other entities

93

Section 6 - Employee benefits and related party transactions

6.1

- Share-based payments

97

6.2

- Director and executive disclosures

100

6.3

- Related parties

101

Section 7 - Other information

7.1

- Contingent liabilities

102

7.2

- Reconciliation of (loss)/profit for the year to net cash provided by operating activities

102

7.3

- Auditors' remuneration

103

7.4

- Parent entity disclosures

104

7.5

- Events subsequent to reporting date

105

7.6

- Deed of Cross Guarantee

106

Directors' Declaration

108

Independent Auditor's Report

109

Shareholder Information

116

Other Information

118

1 EVENT Hospitality & Entertainment Limited - 2020 Annual Report

' , 5 ( & 7 2 5 6 · 5 ( 3 2 5 7

The directors present their report together with the financial report of EVENT Hospitality & Entertainment Limited, being the Company and its controlled entities ("Group"), for the year ended 30 June 2020 and the auditor's report thereon.

DIRECTORS

The directors of the Company in office at any time during or since the end of the year are:

AG Rydge (Chairman)

Director since 1978

KG Chapman

Director since 2010, resigned 27 August 2019

PR Coates

Director since 2009

VA Davies

Director since 2011

DC Grant

Director since 2013

JM Hastings (Managing Director and Chief Executive Officer)

Director since 2017

PM Mann

Director since 2013

RG Newton

Director since 2008.

Directors' qualifications, experience and independent status

Alan Rydge

Non-executive Chairman, Board member since 1978, Chairman of the Board since 1980. Member of the Audit and Risk Committee and member of the Nomination and Remuneration Committee.

Experience

A company director with more than 45 years of experience in the film, hospitality, leisure and tourism industries. Joined the Greater Union group in 1971 and was formerly the Group Managing Director.

Directorships

Mr Rydge is also a director of the listed company, Carlton Investments Limited (appointed 1980, chairman since 1980). In addition, Mr Rydge is chairman of Alphoeb Pty Limited and Enbeear Pty Limited.

2 EVENT Hospitality & Entertainment Limited - 2020 Annual Report

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Event Hospitality and Entertainment Ltd. published this content on 18 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 September 2020 00:34:01 UTC


© Publicnow 2020
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Financials
Sales 2021 665 M 485 M 485 M
Net income 2021 86,7 M 63,3 M 63,3 M
Net Debt 2021 400 M 292 M 292 M
P/E ratio 2021 18,7x
Yield 2021 0,43%
Capitalization 1 612 M 1 173 M 1 177 M
EV / Sales 2021 3,03x
EV / Sales 2022 2,06x
Nbr of Employees -
Free-Float 56,6%
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Technical analysis trends EVENT HOSPITALITY & ENTERTAINMENT LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 9,66 AUD
Last Close Price 10,00 AUD
Spread / Highest target 12,0%
Spread / Average Target -3,45%
Spread / Lowest Target -12,7%
EPS Revisions
Managers
NameTitle
Jane M. Hastings CEO, Managing Director & Director
Alan G. Rydge Non-Executive Chairman
Richard Gordon Newton Independent Non-Executive Director
Peter Roland Coates Lead Independent Non-Executive Director
Valerie Anne Davies Independent Non-Executive Director
Sector and Competitors