Landcare Research - Manaaki Whenua

Landcare-Research -Manaaki Whenua

Financial performance

Summary (Consolidated)

Refer to Part 2 of this Annual Report for full information and explanations.

For the year ending 30 June: 2012 2013 2014 2014 2015
Achieved Achieved Target Achieved Target
Revenue, $m 58.41 55.5 55.7 54.7 58.7
EBIT before investment, $m 3.3 2.2 2.2 3.6 2.7
EBIT, $m 2.22 0.8 1.5 2.9 2.0
Investment, $m 1.2 1.4 0.7 0.8 0.7
Total assets, $m 45.3 45.5 43.3 45.4 42.1
Return on equity 4.9% 4.1%3 3.5% 7.2% 4.9%
Dividend, $m 1.1 - - - -
Equity ratio 56% 61% 65%4 63%4 69%
Gearing 0% 0% 0% 0% 0%
Interest cover 47 80 36 658 116

1 2012 Revenue achieved excludes Sirtrack which was disclosed as a discontinued operation due to the sale of the business in November 2011.
2 2012 EBIT achieved excludes Sirtrack as this was disclosed as a discontinued operation as a result of the sale of the business in November 2011.
3 2011 and 2013 Return on equity excludes extraordinary restructuring costs.
4 2013 and 2014 Equity ratio target has been adjusted to calculate on averages rather than closing values (original SCI target 2013:64.1% and 2014 66.5%).