6
distributions
$
6.1m
$
7.1m
equity
$
783.7m
$
704.7m
Net profit of $70.9 million
has been added to equity.
net
$
70.9m
$
110.8m
Excluding relatively settlements the
growth in net profit is up 27% from 2013.
profit
assets
6.7%
11.9%
Relativity settlement received in
2013 has not been repeated at the
same level in 2014, resulting in a
reduced return on assets.
return on
revenue
17.7%
12.4%
The acquisition of Hamilton
Riverview Hotel has contributed
to revenue growth.
growth
financial performance summary
$
22.6m
$
17.4m
Growth in income and controlled
costs have contributed to the
operating profit.
operating profit
net
2013
2014
9.0%
15.7%
equity
return on
Return on equity has not been
repeated at 2013 levels due
to the $70 million relativity
settlement at that time.
bank
21.3%
20.2%
debt to total assets
Bank debt to total assets incorporates
new entity investments.
assets
$
1.1b
$
925.1m
total
The acquisition of Hamilton
Riverview Hotel and investment
in Waikato Milking Systems
contributed to the growth in 2014.
