– Earnings per share before significant items of 43.1 cents per share, up 0.5%
– Profit after tax and before significant items of $360.5 million, down 2.3%
– Profit before interest and tax for the continuing businesses, down 0.4%
– Final dividend of 17 cents per share making a full year dividend of 34 cents per share
– Operating cash flow $419.6 million
– Free cash flow after the payment of dividends $131.1 million
– Significant items, primarily relating to the acquisition costs associated with the Alcan
Packaging assets and planned restructuring, were an after tax loss of $148.8 million
– Profit after tax and before significant items of $360.5 million, down 2.3%
– Profit before interest and tax for the continuing businesses, down 0.4%
– Final dividend of 17 cents per share making a full year dividend of 34 cents per share
– Operating cash flow $419.6 million
– Free cash flow after the payment of dividends $131.1 million
– Significant items, primarily relating to the acquisition costs associated with the Alcan
Packaging assets and planned restructuring, were an after tax loss of $148.8 millionPROFIT AFTER TAX
PRE-SIGNIFICANT ITEMS
DIVIDEND PER SHARE
$ million
cents
| KEY RESULTS YEAR TO 30 JUNE 2009 ALL OPERATIONS | |||
| 2009 | 2008 | % Change | |
| Sales ($ million) | 9,535.4 | 9,316.8 | 2.3 |
| Profit before interest, tax, depreciation and amortisation (PBITDA) ($ million) | 1,088.7 | 1,070.1 | 1.7 |
| Profit before interest and tax (PBIT) ($ million) | 646.6 | 657.0 | (1.6) |
Profit after tax (PAT) ($ million) |
360.5 | 369.1 | (2.3) |
Significant items ($ million) |
(148.8) | (110.3) | (34.9) |
| Profit after tax after significant items ($ million) | 211.7 | 258.8 | (18.2) |
| Earnings per share(cents) |
43.1 | 42.9 | 0.5 |
Operating cash flow ($ million) |
419.6 | 418.2 | 0.3 |
| Dividend (cents per share) | 34.0 | 34.0 | – |
| (1) Significant items for the current year relate mainly to the acquisition costs associated with the Alcan Packaging assets, the Flexible market sector rationalisation, the Australasia Fibre Packaging recovery plan and asset impairments. (2) Before significant items. (3) After significant items. |
|||
| CASH FLOW FROM OPERATIONS ALL OPERATIONS | ||
| $ million | 2009 | 2008 |
| PBITDA | 1,088.7 | 1,070.1 |
| Interest | (166.7) | (192.4) |
| Tax | (78.7) | (62.8) |
| Cash significant items | (155.6) | (136.6) |
| Base capital exenditure | (254.6) | (243.5) |
| Movement in working capital |
133.1 | 44.6 |
| Other | (146.6) | (61.2) |
| Operating cash flow | 419.6 | 418.2 |
| Dividends | (288.5) | (305.8) |
| Free cash flow | 131.1 | 112.4 |
| Divestments | (1.9) | 973.3 |
| Growth capital / acquisitions | (318.3) | (192.5) |
| Proceeds from share issues | 28.7 | 11.0 |
| Payment for shares bought back | - | (350.0) |
| Proceeds on capital contribution from minority interest | - | 9.0 |
| Foreign exchange rate changes | 3.7 | (22.9) |
| Movement in net debt | (156.7) | 540.3 |
| (1) Movement in working capital relates to continuing operations. | ||
| BALANCE SHEET ALL OPERATIONS | ||
| $ million | 2009 | 2008 |
| Current assets | 2,317.9 | 2,618.3 |
| Property, plant and equipment | 3,795.9 | 3,624.4 |
| Intangibles | 1,499.1 | 1,309.2 |
| Investments and other assets | 833.1 | 518.0 |
| Total assets | 8,446.0 | 8,069.9 |
| Short term debt | 956.1 | 677.5 |
| Long term debt | 1,875.7 | 1,833.2 |
| Creditors and provisions | 2,538.6 | 2,555.9 |
| Shareholders’ equity | 3,075.6 | 3,003.3 |
| Total liabilities and shareholders’ equity | 8,446.0 | 8,069.9 |