Five year
financial summary
-
- 2013
$M
- 2014
$M
- 2015
$M
- 2016
$M
- 2017
$M
-
-
- Gross property income
- 219.6
- 207.7
- 206.1
- 204.6
- 177.1
-
- Management income
- 181.0
- 205.5
- 215.3
- 259.3
- 266.3
-
- Development income
- 471.6
- 767.6
- 763.7
- 1,250.4
- 1,207.1
-
- Distributions from investments
- 3.1
- 2.0
- -
- -
- -
-
- Net gain/(loss) on disposals of assets
- 12.8
- 2.4
- 41.5
- (26.7)
- 129.1
-
- Net gain from fair value adjustments on investment properties
- 28.0
- 48.6
- 515.9
- 327.8
- 180.9
-
- Share of net results of equity accounted investments
- 228.8
- 445.2
- 614.1
- 928.6
- 587.7
-
- Property expenses
- (59.7)
- (60.1)
- (59.4)
- (63.9)
- (46.9)
-
- Development expenses
- (311.4)
- (579.8)
- (619.0)
- (929.1)
- (919.9)
-
- Employee expenses
- (103.8)
- (132.7)
- (144.8)
- (172.6)
- (195.9)
-
- Share based payments expense
- (26.4)
- (32.0)
- (51.0)
- (66.9)
- (85.4)
-
- Administrative and other expenses
- (75.3)
- (74.0)
- (76.2)
- (79.1)
- (76.5)
-
- Impairment losses
- (65.4)
- (14.4)
- (28.2)
- (249.1)
- (93.0)
-
- Net finance costs
- (303.7)
- (94.3)
- (127.8)
- (13.0)
- (279.4)
-
- Profit before income tax
- 199.2
- 691.7
- 1,250.2
- 1,370.3
- 851.2
-
- Income tax expense
- (15.9)
- (13.0)
- (21.0)
- (75.6)
- (54.4)
-
- Profit attributable to non-controlling interests
- (22.3)
- (21.4)
- (21.2)
- (20.1)
- (18.7)
-
- OPERATING PROFIT RECONCILIATION (NON-IFRS)
-
- Operating profit available for distribution
- 544.1
- 601.1
- 653.5
- 714.5
- 776.0
-
-
- Property valuation related movements
- (36.7)
- 172.4
- 709.7
- 614.4
- 397.6
-
- Fair value adjustments and unrealised foreign currency exchange movements related to capital management
- (293.0)
- (78.4)
- (99.8)
- 81.5
- (243.8)
-
- Other non-cash adjustments or non-recurring items
- (53.4)
- (37.8)
- (55.4)
- (135.8)
- (151.7)
-
- Operating profit per stapled security (cents per security)1
- 32.4
- 34.8
- 37.2
- 40.1
- 43.1
-
- 2013
$M
- 2014
$M
- 2015
$M
- 2016
$M
- 2017
$M
-
- STATEMENT OF FINANCIAL POSITION
-
- Cash, cash equivalents and receivables
- 1,172.8
- 780.8
- 1,137.0
- 1,774.5
- 2,681.9
-
- Property assets
- 3,355.4
- 3,663.0
- 4,337.7
- 4,096.5
- 3,245.7
-
- Equity accounted investments
- 3,243.1
- 3,855.6
- 4,508.8
- 5,348.1
- 5,522.7
-
- Intangible assets
- 891.4
- 932.7
- 976.4
- 780.6
- 771.9
-
- Other (including derivative financial instruments)
- 228.0
- 171.8
- 302.4
- 387.4
- 489.0
-
- Payables and provisions
- 520.0
- 656.8
- 732.0
- 747.4
- 866.6
-
- Interest bearing liabilities
- 2,249.8
- 2,160.5
- 2,707.9
- 2,865.2
- 2,878.3
-
- Other (including derivative financial instruments)
- 285.2
- 356.2
- 446.3
- 381.2
- 344.1
-
- Net assets
- 5,835.7
- 6,230.4
- 7,376.1
- 8,393.3
- 8,622.2
-
- Non-controlling interests
- (331.5)
- (325.8)
- (325.8)
- (325.8)
- (325.8)
-
- NTA per security ($)
- 2.69
- 2.88
- 3.46
- 4.10
- 4.21
-
- Gearing ratio1 (%)
- 18.5
- 19.5
- 17.3
- 11.8
- 5.9
-
- STATEMENT OF CHANGES IN EQUITY
-
- Total equity at the beginning of the year
- 5,174.6
- 5,835.7
- 6,230.4
- 7,376.1
- 8,393.3
-
- Total comprehensive income
- 460.2
- 797.4
- 1,429.2
- 1,298.5
- 678.2
-
- Contributions of equity, net of transaction costs
- 441.4
- 42.1
- 89.3
- 95.5
- -
-
- Distributions provided or paid
- (243.7)
- (445.4)
- (388.3)
- (408.0)
- (481.2)
-
- Other transactions with equity holders
- 20.9
- 27.7
- 36.7
- 51.3
- 62.5
-
- Movements in non-controlling interests
- (17.7)
- (27.1)
- (21.2)
- (20.1)
- (30.6)
-
-
- Net cash provided by operating activities
- 356.1
- 404.4
- 654.7
- 830.1
- 586.4
-
- Net cash provided by/(used in) investing activities
- 146.4
- (228.5)
- (147.8)
- 160.0
- 730.0
-
- Net cash used in financing activities
- (167.9)
- (461.4)
- (120.3)
- (399.6)
- (556.3)
-
- Cash and cash equivalents at the beginning of the year
- 310.8
- 645.4
- 359.9
- 746.5
- 1,337.0
-
- Effect of exchange rate fluctuations on cash held
- -
- -
- -
- -
- (2.0)
