15 February 2021
Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street
SYDNEY NSW 2000
2021 HALF YEAR RESULTS - APPENDIX 4D & HALF YEAR FINANCIAL REPORT
Seven West Media Limited (ASX: SWM) attaches the Appendix 4D and Half Year Financial Report for the half year ended 26 December 2020.
This release has been authorised to be given to ASX by the Board of Seven West Media Limited.
Ends.
For more details:
Alan Stuart | Jack McLintock |
Investors/Analysts | Media |
T: +61 2 8777 7211 | T: +61 2 8777 7166 |
E:astuart@seven.com.au | E:jmclintock@seven.com.au |
Seven West Media Limited / 50 Hasler Road, Osborne Park WA 6017 Australia / PO Box 7077, Alexandria NSW 2015 Australia T +61 2 8777 7777 / ABN 91 053 480 845
Seven West Media Limited
Appendix 4D
Half Year Financial Report for the half year ended 26 December 2020
Results for announcement to the market
Dec 2020 $'000
Restated3 Dec 2019 $'000
MovementReported
Revenue from ordinary activities Other income
Revenue and other income
Profit (loss) from ordinary activities after tax from continuing operations attributable to members
Net profit (loss) from continuing operations for the period attributable to members
Additional information Group EBIT1
Group EBITDA2
Significant items of income (expense) before tax
Profit before tax excluding significant items from continuing operations
Profit after tax excluding significant items net of tax from continuing operations
714,467 774 715,241
Down 9.8% N/A Down 9.9%
116,188 (47,876) N/A
116,206 (48,680) N/A
117,238 Up 29.4%
133,134 Up 24.4%
41,493 (165,575) N/A
96,809 Up 24.8%
68,462 Up 26.5%The current reporting period relates to the period from 28 June 2020 to 26 December 2020 and the previous reporting period relates to the period from 30 June 2019 to 28 December 2019.
Dividends
No dividends were declared or paid during the half year ended 26 December 2020 or during the prior corresponding period.
Net tangible assets | Dec 2020 | Jun 2020 |
Net tangible asset backing per ordinary share (cents) | (0.39) | (0.47) |
Entities over which control was gained or lost during the period |
On 9th July 2020, the Group disposed of its investment in 7Beyond Media Rights Limited. On 9th July 2020, the Group disposed of its investment in Seven West Studios Limited.
Note 1: Group EBIT is profit before significant items, net finance costs and tax from continuing operations
Note 2: Group EBITDA is profit before significant items, net finance costs, tax, depreciation and amortisation from continuing operations Note 3: Prior year figures have been restated for amendments to AASB 112 Income Taxes and discontinued operations
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Table of Contents
Directors' Report 1
Review of Operations 4
Auditor's Independence Declaration 9
Financial Statements
Consolidated Statement of Profit or Loss and Other Comprehensive Income 10
Consolidated Statement of Financial Position 11
Consolidated Statement of Changes in Equity 12
Consolidated Statement of Cash Flows 13
Notes to the Financial Statements 14
Directors' Declaration 39
Independent Auditor's Report 40
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Seven West Media Limited published this content on 15 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2021 05:22:03 UTC.