Ann: HALFYR: AFI: Appendix 4D Statement for the Half-Year ended 31 Dec 2014

• Release Date: 19/01/15 11:51
• Summary: HALFYR: AFI: Appendix 4D Statement for the Half-Year ended 31 Dec 2014
• Price Sensitive: No
• Download Document  2.64KB

					AFI
19/01/2015 11:51
HALFYR
PRICE SENSITIVE
REL: 1151 HRS Australian Foundation Investment Company Limited

HALFYR: AFI: Appendix 4D Statement for the Half-Year ended 31 Dec 2014

RESULTS FOR ANNOUNCEMENT TO THE MARKET

The reporting period is the half-year ended 31 December 2014 with the
previous corresponding period being the half-year ended 31 December 2013. The
results have been reviewed by the
Company's auditors.

Results for announcement to the market
- Revenue from operating activities was $146.1 million, down $4.3 million or
2.8% from the previous corresponding period. This excludes capital gains on
investments. The previous corresponding period included $11.0 million in
demerger dividends received from the Brambles/Recall and Amcor/Orora
demergers.
- Profit after tax attributable to members was $131.9 million (down 3.7% on
the previous
corresponding period's $137.0 million).
- The interim dividend is 9 cents per share, fully franked, up from 8 cents
last year. It will be paid on 20 February 2015 to ordinary shareholders on
the register on 9 February 2015 and
the shares are expected to commence trading on an ex-dividend basis on 5
February 2015.
- A Dividend Reinvestment Plan (DRP) and Dividend Substitution Share Plan
(DSSP) are available, the price for which will be set at a 2.5% discount to
the Volume Weighted Average Price of the Company's shares traded on the ASX
and Chi-X automated trading systems over the five trading days after the
shares trade ex-dividend. The last date for the receipt of an election notice
for participation in the DRP & DSSP is 5.00 pm (Melbourne time) on 10
February 2015.
- The final dividend for the 2014 financial year was 14 cents per share
(fully franked), and it was paid to shareholders on 29 August 2014.
- Net tangible assets per share before any provision for deferred tax on the
unrealised gains on the long-term investment portfolio as at 31 December 2014
were $5.80, up from $5.78 at the end of the previous corresponding period
(both before allowing for interim dividends).
- The interest payment on the 6.25% Convertible Notes issued in December 2011
will be $3.0993 per $100 Note, payable on 2 March 2015 to note holders on the
register on 20 February 2015. The notes are expected to commence trading on
an ex-interest basis on 18 February 2015. The last date for the receipt of
Exit Notices for the conversion of Notes into
ordinary shares is 13 February 2015.

CONTENTS
- Results for announcement to the market
- Media release (Please see attachment)
- Appendix 4D Accounts (Please see attachment)
- Independent Auditors' Review Report (Please see attachment)
End CA:00259857 For:AFI    Type:HALFYR     Time:2015-01-19 11:51:04