Investor Presentaiton
Millions
Net Profit Bridge - Current period vs Prior half
15
10
5
3.8
2.7
0
(1.1)
(4.5)
1.8
5.1
2.2
9.6
0.6
4.0
0.5
55
(9.6)
(6.8)
2.5
7.2
(2.2)
5.9
(1.3)
-5
NPAT prior
half
NPAT
prior half
Product
sales
License fees Gaming Service
operations revenue
COGS
Other
income
Overheads
D&A
Other
expenses
Forex
Net Interest
Tax
NPAT
current
(exc
currency
gains)
period
NPAT
current
period
(exc
currency
losses)
Revenue increased due to market recovery in Latin America.
$9.6m increase in overheads due to increasing inflation costs.
$9.6m decrease in other expenses relates to $16.5m provision on SAT audit that was recognised in prior half.
$6.8m unfavourable FX movement predominantly related to a lower gain on foreign exchange due to the strengthening of the US dollar against the AU dollar in the current period compared
to the prior half.
$7.2m currency adjusted profit after tax in current period (versus -$1.1m loss in prior half), excludes $1.3m after tax currency losses (versus $3.8m after tax currency gains in prior half)(1).
(1) No tax effect on $0.5m currency gains in current period (prior half: $1.5m currency gains).
Calculation of currency losses / (gains) after tax: current period: -$0.5m + ($2.6m x 0.70) = $1.3m losses, prior half: -$1.5m + (-$3.3m x 0.70) = $3.8m gains. These net currency gains and losses predominantly relate to balance sheet
translation originated from investment in the Americas.
14
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