Sequoia Financial Group Limited
Appendix 4D
Half-year report
only
1. Company details
Name of entity: | Sequoia Financial Group Limited |
ABN: | 90 091 744 884 |
Reporting period: | For the half-year ended 31 December 2021 |
Previous period: | For the half-year ended 31 December 2020 |
2. Results for announcement to the market
use
Revenues from ordinary activities
Profit from ordinary activities after tax attributable to the owners of Sequoia Financial Group Limited
Profit for the half-year attributable to the owners of Sequoia Financial Group Limited
Dividends
Details of Dividends (1)
2021 Final dividend (paid 11 October 2021) (2)
2022 Interim dividend (3)
$ | ||
up | 50.9% to | 79,083,238 |
up | 57.4% to | 2,617,983 |
up | 57.4% to | 2,617,983 |
Cents per share | $ |
0.60 791,882
0.50 661,123 (4)
For personal
- All dividends are fully franked
- 2021 Final dividend comprised of a cash dividend paid of $636,101 and dividend reinvestment allotment of $155,781
- Record date for determining entitlement to the 2022 Interim dividend is 24 February 2022, and is to be paid on 15 March 2022
- Estimated total dollar value based on number of shares at 31 December 2021
Comments
The profit for the Group after providing for income tax amounted to $2,617,983 (31 December 2020: $1,663,072).
Sequoia Financial Group Limited I n t e rim Report | i |
Sequoia Financial Group Limited
Appendix 4D
Half-year report
personal use only
3. Net tangible assets
Reporting period | Previous period | ||
Cents | Cents | ||
Net tangible assets per ordinary security | 10.47 | 8.50 | |
Calculated as follows: | |||
Consolidated | |||
31 Dec 2021 | 31 Dec 2020 | ||
$ | $ | ||
Net assets | 43,432,763 | 35,898,892 | |
Less: Right-of-use assets | (1,922,196) | (2,434,445) | |
Less: Intangibles | (30,385,224) | (25,938,651) | |
Add: Lease liabilities | 2,713,802 | 3,300,534 | |
13,839,145 | 10,826,330 | ||
Total shares issued | 132,224,520 | 127,401,570 |
4. Control gained over entities
Name of entities (or group of entities) | Argent Insurance Brokers Pty Ltd |
Date control gained | November 2021 |
$
Contribution of such entities to the reporting entity's profit/(loss) from ordinary activities | (18,259) |
before income tax during the period (where material) | |
Profit/(loss) from ordinary activities before income tax of the controlled entity (or group of | - |
entities) for the whole of the previous period (where material) | |
5. Loss of control over entities
For
Name of entities (or group of entities) | Centreboard Super Pty Ltd |
Date control lost | July 2021 |
Contribution of such entities to the reporting entity's profit/(loss) from ordinary activities before income tax during the period (where material)
Profit/(loss) from ordinary activities before income tax of the controlled entity (or group of entities) whilst controlled during the whole of the previous period (where material)
$
-
(377,736)
Sequoia Financial Group Limited I n t e rim Report | ii |
Sequoia Financial Group Limited
Appendix 4D
Half-year report
For personal use only
6. Dividends
Current period
Details of Dividends (1) | Cents per share | $ | |
2021 | Final dividend (paid 11 October 2021) (2) | 0.60 | 791,882 |
2022 | Interim dividend (3) | 0.50 | 661,123 (4) |
- All dividends are fully franked
- 2021 Final dividend comprised of a cash dividend paid of $636,101 and dividend reinvestment allotment of $155,781
- Record date for determining entitlement to the 2022 Interim dividend is 24 February 2022, and is to be paid on 15 March 2022
- Estimated total dollar value based on number of shares at 31 December 2021
Previous period | |||
Details of Dividends (1) | Cents per share | $ | |
2020 | Final dividend (paid 12 October 2020) (2) | 0.40 | 506,901 |
2021 | Interim dividend (3) | 0.40 | 509,606 (4) |
- All dividends are fully franked
- 2020 Final dividend comprised of a cash dividend paid of $316,579 and dividend reinvestment allotment of $190,322
- Record date for determining entitlement to the 2021 Interim dividend was 25 February 2021, and was paid on 15 March 2021
- Estimated total dollar value based on number of shares at 31 December 2020
7. Dividend reinvestment plans
The following dividend or distribution plans are in operation:
The Company has resolved to implement a Dividend Reinvestment Plan ('DRP'), which will be active for the 2022 Interim Dividend. The Directors have determined that a 2.5% discount will apply to the 2022 Interim Dividend. Shares allocated to shareholders under the DRP for the 2022 Interim Dividend will be allocated at an amount equal to 97.5% of the average of the daily volume weighted average market price of ordinary shares of the Company traded on the ASX over the period of 5 trading days prior to Friday, 4 March 2022. The last date for receipt of election notices for the dividend or distribution plans is Friday, 11 March 2022.
Sequoia Financial Group Limited I n t e rim Report iii
Sequoia Financial Group Limited
Appendix 4D
Half-year report
For personal use only
8. Details of associates and joint venture entities
Reporting entity's | Contribution to profit/ | |||
percentage holding | (loss) (where material) | |||
Name of associate / joint venture | Reporting | Previous | Reporting | Previous |
period | period | period | period | |
% | % | $ | $ | |
Taking Control Pty Ltd (joint venture) | 50.00% | - | - | - |
Group's aggregate share of associates and joint venture | ||||
entities' profit/(loss) (where material) | ||||
Profit/(loss) from ordinary activities before income tax | - | - | ||
Income tax on operating activities | - | - |
9. Foreign entities
Details of origin of accounting standards used in compiling the report:
Not applicable.
10. Audit qualification or review
Details of audit/review dispute or qualification (if any):
The financial statements were subject to a review by the auditors and the review report is attached as part of the Interim Report.
11. Attachments
Details of attachments (if any):
The Interim Report of Sequoia Financial Group Limited for the half-year ended 31 December 2021 is attached.
12. Signed
Signed
Date: 17 February 2022
John Larsen
Chairman
Melbourne
Sequoia Financial Group Limited I n t e rim Report | iv |
For personal use only
Sequoia Financial
Group Limited
ABN 90 091 744 884
Interim Report
31 December 2021
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Sequoia Financial Group Ltd. published this content on 17 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2022 00:33:03 UTC.