Morgans Queensland Conference
A$ millions
2018 Full-Year Financial Performance Highlights
25
20
20
15
10
20.0
5
сл
0
-5
-10
-15
-1.7
-1.4
-32.8
1.9
14.0
Cardno®
The Net Loss after Tax $14.0m includes abnormal charges
related to business review costs, accelerated depreciation
and tax adjustments.
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>
-20
NOPAT
Business
review
costs
Accelerated
Change in
dep'n on
US federal
software
Tax effect of
underlying
adjustments
NPAT
assets
corporate
income
tax rate
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Legacy business review costs of $1.7m:
$8.0m provision associated with the wind down of
LATAM (Caminosca) business.
$0.7m expense relating to acquisitions during FY18.
($1.9m) release of litigation provision taken up in FY17 as a result of
favorable settlement terms.
($2.8m) release of provision taken in FY17 associated with the closure
of Nigeria business due to collection of debtors previously provided for
as unlikely to be collected.
($1.2m) release of onerous lease costs associated with office closures
in FY17 relating to sub leasing and other initiatives.
($1.1m) release of provision taken in FY17 for overhead rate audit due
to favourable negotiations.
Accelerated Depreciation on Software Assets of $1.4m:
Acceleration of depreciation of externally purchased software continued
from FY17.
Change in US federal corporate income tax rate of $32.8m:
Reduction in the US tax rate from 35% to 21%.
15 Cardno: Morgans Queensland Conference
>
Tax effect of underlying adjustments of $1.9m.View entire presentation