58
McPHERSON’S LIMITED
ANNUAL REPORT 2015
NOTE 6. DIVIDENDS (CONTINUED)
Dividend reinvestment plan
The Company’s dividend reinvestment plan continues to operate at a discount of 2.5% and will apply to the upcoming final dividend. Shareholders
on the register at the record date of 23 October 2015 will be eligible for the dividend. Shareholders wishing to participate in the dividend
reinvestment plan need to have elected to do so by no later than the trading day immediately following the record date, or by 26 October 2015.
Shareholders that have previously elected to participate in the dividend reinvestment plan will continue to do so on the same basis unless a formal
election to vary or cease participation is provided by 26 October 2015.
The shares issued under the dividend reinvestment plan are fully paid ordinary shares and rank equally with other fully paid ordinary shares. The
issue price under the dividend reinvestment plan is calculated as the volume weighted average price of all shares sold through normal trade on the
ASX during the five trading days commencing on the third trading day after the record date, less the 2.5% discount.
NOTE 7. SEGMENT INFORMATION
Operating segments are reported in a manner which is consistent with the internal reporting provided to the chief operating decision maker. The
chief operating decision maker has been identified as the Managing Director of McPherson’s Limited.
The internal reports reviewed by the Managing Director, which are used to make strategic decisions, are separated into geographic segments and
are considered on the basis of Australia, New Zealand and the rest of the world.
Segment revenues
Segment revenues are allocated based on the location in which the revenue originated. Sales between segments are eliminated on consolidation.
Revenues of approximately $69,029,000 (2014: $77,139,000) and $53,880,000 (2014: $61,745,000) were derived from two external customers.
These revenues were attributable to the Australian segment.
Segment assets
Segment assets are allocated based on where the asset is located. Assets arising from transactions between segments are eliminated on
consolidation.
AUSTRALIA
$’000
NEW ZEALAND
$’000
REST OF
THE WORLD
$’000
INTER-SEGMENT
ELIMINATIONS
$’000
CONSOLIDATED
$’000
2015
Sales to external customers
306,869
30,605
11,595
-
349,069
Inter-segment sales
1,769
29
118,655
(120,453)
-
Total sales revenue
308,638
30,634
130,250
(120,453)
349,069
Other revenue / income (excluding interest)
2,237
20
310
-
2,567
Total segment revenue and other income
310,875
30,654
130,560
(120,453)
351,636
EBITDA before significant items
20,774
1,661
2,750
-
25,185
Depreciation and amortisation expense
(2,256)
(357)
(46)
-
(2,659)
Segment result before significant items
18,518
1,304
2,704
-
22,526
Significant items (excluding interest refer Note 5(C))
(1,771)
(1,398)
-
-
(3,169)
Segment result including significant items
16,747
(94)
2,704
-
19,357
Net borrowing costs
(8,133)
Profit before income tax
11,224
Income tax expense
(2,384)
Profit after income tax
8,840
Total segment assets
257,518
18,915
40,648
(34,140)
282,941
Investments in joint ventures
8,556
-
273
-
8,829
Share of net profit of joint venture accounted for using the
equity method
928
-
132
-
1,060
Non-current assets (other than financial assets and deferred tax)
100,139
1,913
1,696
-
103,748
Additions to non-current assets (other than financial assets and
deferred tax)
11,216
266
16
-
11,498
NOTES TO AND FORMING PART OF THE
CONSOLIDATED FINANCIAL STATEMENTS CONTINUED