Investor Presentaiton
Statutory Financial Summary (post AASB 16)
Group Financial Summary ($m)
Revenue and income
Statutory profit / (loss) after tax
Add back: Income tax expense
Statutory profit /(loss) before tax
Add back:
Business and capital restructure and transaction costs
For personal use only
1H20
1H19
Change
3,118.2
3,071.0
47.2
(88.6)
73.8
(162.4)
0.0
13.9
(13.9)
(88.6)
87.7
(176.3)
(67.7)
(26.1)
(41.6)
.
Write off of and disposal of property, plant and equipment
Accelerated depreciation
(31.6)
1.5
(33.1)
Key components:
$26.8 million of one-off costs relating to Velocity acquisition
.
(8.8)
0.0
(8.8)
Non-cash write off of property, plant and equipment
(108.1)
(24.6)
(83.5)
.
$40.9 million transformation costs including fleet simplification and onerous
contracts
Restructuring sub-total
Add back:
Foreign Exchange
Ineffectiveness on cash flow hedges
Underlying profit before tax (post AASB 16)
AASB16 impact on underlying profit before tax
Underlying profit before tax (pre AASB 16)
(3.0)
0.4
(3.4)
(2.0)
0.0
(2.0)
24.5
111.9
(87.4)
(10.0)
0.0
(10.0)
14.5
111.9
(97.4)
Virgin Australia Group has implemented AASB 16 Leases from 1 July 2019 using the modified retrospective approach. Under this approach, prior year comparative information has not been restated. This page contains Non-Statutory measures which are defined on slide 23.
Virgin Australia Group results H1 FY20 | 14
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