CIVMEC INVESTOR PRESENTATION 1H FY24
Strong Balance Sheet
• Cash of $143m reflecting A$111m of cash
generated from operations for the half.
• Net tangible assets per share of 86.3c at 31
December 2023.
• PPE includes $31.1m of right of use assets
relating to long term land leases, associated
lease liabilities expire in 2079 and 2089.
• Investment properties comprise a
Henderson property leased to a third-party
tenant.
• Borrowings increased to $60m (from
$56.5m), to fund the construction of the Port
Hedland Facility.
• Deferred tax liabilities reflect differences in
the accounting and tax carrying values of
PPE.
• Interim dividend declared of 2.5c, totaling ~
A$13m to be paid in April 2024.
CIVMEC | Engineering Success
1H FY24
A$'000
FY23
A$'000
Current assets
Cash
143,131
70,381
Receivables and other current assets
Contract assets
35,367
110,517
129,560
100,093
Current assets
Non-current
assets
Property, plant and equipment
investment properties
Intangible assets
Deferred tax assets
TOTAL ASSETS
Current liabilities
Trade and other payables
Contract liabilities
Lease liabilities
308,058
280,991
481,958
476,302
17,753
17,184
10
10
555
47
808,334
774,534
116,838
117,671
55,994
44,706
6,331
6,816
Borrowings
Income tax payable
8,000
4,107
673
Provisions
13,998
16,175
Current Liabilities
197,268
194,041
Non-current
liabilities
Lease liabilities
52,268
50,519
Borrowings
60,000
48,500
Provisions
2,642
2,411
Deferred tax liabilities
58,546
58,454
TOTAL LIABILITIES
370,724
353,925
NET ASSETS
437,610
420,609
CIVMEC INVESTOR PRESENTATION 1H FY24 PAGE 7View entire presentation