Profit after tax and before significant items of $369.1 million.
Significant items for the year were a loss of $110.3 million.
Profit after tax and significant items of $258.8 million.
The operating cash flow after movement in working capital, the cash component of significant items and base capital expenditure of $418.2 million.
After payment of $305.8 million in dividends, a free cash flow of $112.4 million.
Significant items for the year were a loss of $110.3 million.
Profit after tax and significant items of $258.8 million.
The operating cash flow after movement in working capital, the cash component of significant items and base capital expenditure of $418.2 million.
After payment of $305.8 million in dividends, a free cash flow of $112.4 million.
Profit After Tax
Pre-significant Items
$ million
Pre-significant Items
$ million
Dividend Per Share
cents
cents
| Key Results Year to 30 June 2008 All operations | |||
| 2008 | 2007 | % Change | |
| Sales ($ million) | 9,316.8 | 10,875.2 | (14.3) |
| Profit before interest, tax, depreciation and amortisation (PBITDA) ($ million) |
1,070.1 | 1,198.9 | (10.7) |
| Profit before interest and tax (PBIT) ($ million) | 657.0 | 731.9 | (10.2) |
Profit after tax (PAT) ($ million) |
369.1 | 397.0 | (7.0) |
Significant items ($ million) |
(110.3) | 136.7 | (180.7) |
| Profit after tax after significant items ($ million) | 258.8 | 533.7 | (51.5) |
| Earnings per share(cents) |
42.9 | 44.2 | (2.9) |
Operating cash flow ($ million) |
418.2 | 643.9 | (35.1) |
| Dividend (cents) | 34.0 | 34.0 | – |
| (1) Significant items for the 2008 fiscal year, relate mainly to the Flexible market sector rationalisation and the Fibre Packaging Australasia recovery plan. (2) Before significant items. (3) After significant items. |
|||
| Cash Flow from Operations All operations | ||
| $ million | 2008 | 2007 |
| PBITDA | 1,070.1 | 1,198.9 |
| Interest | (192.4) | (203.5) |
| Tax | (62.8) | (80.1) |
| Cash significant items | (136.6) | (106.2) |
| Base capital exenditure | (243.5) | (300.6) |
| Movement in working capital |
44.6 | 256.7 |
| Other | (61.2) | (121.3) |
| Operating cash flow | 418.2 | 643.9 |
| Dividends | (305.8) | (319.2) |
| Free cash flow | 112.4 | 324.7 |
| Divestments | 973.3 | 79.6 |
| Growth capital / acquisitions | (192.5) | (165.7) |
| Proceeds from share issues | 11.0 | 22.2 |
| Payment for shares bought back | (350.0) | (332.9) |
| Proceeds on capital contribution from minority interest | 9.0 | – |
| Foreign exchange rate changes | (22.9) | (5.7) |
| Movement in net debt | 540.3 | (77.8) |
| (1) Movement in working capital relates to continuing operations | ||
| Balance Sheet All operations | ||
| $ million | 2008 | 2007 |
| Current assets | 2,618.3 | 3,394.5 |
| Property, plant and equipment | 3,624.4 | 3,835.4 |
| Intangibles | 1,309.2 | 1,458.7 |
| Investments and other assets | 518.0 | 453.7 |
| Total assets | 8,069.9 | 9,142.3 |
| Short–term debt | 677.5 | 1,378.6 |
| Long–term debt | 1,833.2 | 1,620.5 |
| Creditors and provisions | 2,555.9 | 2,561.9 |
| Shareholders’ equity | 3,003.3 | 3,581.3 |
| Total liabilities and shareholders’ equity | 8,069.9 | 9,142.3 |