New Zealand
P O Box 12-841, Penrose Auckland 1061
Telephone +64 9 579 2029
Facsimile +64 9 571 0542 www.nuplex.com
NZX/ASX release 17 August 2016FINANCIAL RESULTS FOR 2016 FINANCIAL YEAR
Attached are the following documents in connection with the release of Nuplex's financial results for the 2016 financial year:
ASX Appendix 4E;
Financial Statements for the year ended 30 June 2016;
Results Announcement to the Market (NZX Pro Forma).
Nuplex Industries Limited
Appendix 4E Preliminary Final ReportNuplex Industries Limited (NPX)
Reporting period
Year ended 30 June, 2016 (June '16) Previous corresponding period
Year ended 30 June, 2015 (June '15)
Results for announcement to the market
June '16 % change June '15
Revenue from ordinary activities (NZ$'m) 1,380.5 up 2.0% 1,353.6
Profit from ordinary activities after tax attributable to members (NZ$'m) 83.1 up 35.8% 61.2
Net profit for the period attributable to members (NZ$'m) 84.4 up 19.2% 70.8
Final Dividend 0.0 cps 17.0 cps
Record Date
Growth in revenue and profit is attributed to continued growth in Asia, the turnarond in the ANZ business following a restructure of this business improved Gross Margin across the global business and favourable currency movements with the weakening NZ$ relative to other major currencies compared to 2015.
Income Statement
see attached Financial Statements
Balance Sheet
see attached Financial Statements
Statement of Cash Flows
see attached Financial Statements
Dividends
Final Dividend 0.0 cps
Payable in cash
Supplementary dividend to non-resident shareholders Nil
New Zealand imputation credit Nil
Conduit Foreign Income credit Nil
Australian franking credit Nil
Record date
Payment date
Dividend Reinvestment Plan
Statement of Retained Earnings
see attached Financial Statements
Net tangible assets per share (NZ$) $2.18 $2.24
Entities acquired during the period: NONE
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Nuplex Industries Limited
Appendix 4E Preliminary Final Report (cont'd)Nuplex Industries Limited (NPX)
Associates
Percentage Holding Contribution to Net Profit (NZ$'m) June '16 June '15 June '16 June '15
Innospec Valvemaster Limited 50% 50% 0 0.0
Synthese (Thailand) Co Limited 47.5% 47.5% 2.0 1.9
Total 2.0 2.1
Other information:
Unusual (gains)/losses after tax:
June '16 June '15
Gain on sale of Specialties and Masterbatch businesses (13.0) Gain on sale of Pulp and Paper business (11.3)
Reversal of gain on sale of Masterbatch Vietnam business 1.6
Sale of Avondale 1.5
Provision for remediation of Cheltenham site 3.4
Recycling Brazilian translation reserve to profit 1.2
Impairment of property at Seven Hills, Sydney 3.6
Costs relating to Scheme of Arrangement 7.3 - Legal costs in defence of product defect claim 0.7
Other unusual (gains)/losses after tax: 1.3 0.6
Total unusual (gains)/losses after tax 0.4 (3.5)
Financial statements are prepared in accordance with NZ IFRS
Refer to section 2.6 above.
For a detailed Geographic Segment Report see attached Financial Statements
Financial Statements are based on audited accounts. There are no audit disputes or qualifications.
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Nuplex Industries Limited Financial Reportfor the year ended 30 June 2016
The Directors are pleased to present the Financial Statements of the Nuplex Group for the year ended 30 June 2016.
PETER SPRINGFORD DAVID JACKSON
CHAIRMAN DIRECTOR
17 AUGUST 2016 17 AUGUST 2016
Nuplex Industries Limited published this content on 17 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 August 2016 22:00:07 UTC.
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