2
Return on Shareholder funds
6.7%
10.3
%
Returns have been affected by the unrealised movement in asset
values as well as a full year’s earnings on major developments.
Dividend
$
10.5m
$
11.0m
The dividend increases by $0.5m annually.
Capital expenditure
$
114.2m
$
56.4m
nd
ere completed during
the year.
Total assets
$
658m
$
694m
Capital expenditure on
nd the divestment of shares
in
s represented in the movement in assets.
Revenue growth
16.3%
57.7
%
Increase in hotel income and a full year’s rental from
contributed 32% to the revenue growth.
Net profit
$
23.1m
$
39.9m
Unrealised movement in value of assets provided favourable
increases.
Additional rental and hotel income more than offsets the
increase in financing costs.
Net operating profit
$
14.9m
$
20.7m
Bank debt to total assets
28.3%
26.0
%
Proceeds from the sale of the
hares were
applied to debt.
2011
2012
Financial performance summary
(TGH andWTF)
The 2011 dividend was declared on 31 March 2011 and is recorded in the fnancial statements.
The 2012 dividend in relation to the year ended 31 March 2012 was declared on 22 June 2012
and is not recorded in the fnancial statements.