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Five year
financial summary
-
- 2012
$M
- 2013
$M
- 2014
$M
- 2015
$M
- 2016
$M
-
-
- Gross property income
- 235.7
- 219.6
- 207.7
- 206.1
- 204.6
-
- Management income
- 139.2
- 181.0
- 205.5
- 215.3
- 259.3
-
- Development income
- 340.1
- 471.6
- 767.6
- 763.7
- 1,250.4
-
- Distributions from investments
- 22.2
- 3.1
- 2.0
- -
- -
-
- Net gain/(loss) on disposals of assets
- 34.2
- 12.8
- 2.4
- 41.5
- (26.7)
-
- Net gain from fair value adjustments on investment properties
- 6.5
- 28.0
- 48.6
- 515.9
- 327.8
-
- Share of net results of equity accounted investments
- 166.6
- 228.8
- 445.2
- 614.1
- 928.6
-
- Property expenses
- (61.7)
- (59.7)
- (60.1)
- (59.4)
- (63.9)
-
- Development expenses
- (216.0)
- (311.4)
- (579.8)
- (619.0)
- (929.1)
-
- Employee expenses
- (87.3)
- (98.8)
- (132.7)
- (144.8)
- (172.6)
-
- Share based payments expense
- (24.4)
- (26.4)
- (32.0)
- (51.0)
- (66.9)
-
- Administrative and other expenses
- (64.0)
- (70.5)
- (74.0)
- (76.2)
- (79.1)
-
- Impairment losses
- (89.5)
- (65.4)
- (14.4)
- (28.2)
- (249.1)
-
- Restructuring costs
- -
- (9.8)
- -
- -
- -
-
- Net finance income/(costs)
- 58.6
- (303.7)
- (94.3)
- (127.8)
- (13.0)
-
- Profit before income tax
- 460.2
- 199.2
- 691.7
- 1,250.2
- 1,370.3
-
- Income tax expense
- (9.7)
- (15.9)
- (13.0)
- (21.0)
- (75.6)
-
- Profit attributable to other non-controlling interests
- (42.2)
- (22.3)
- (21.4)
- (21.2)
- (20.1)
-
- Operating profit reconciliation (non-IFRS)
-
- Operating profit available for distribution
- 463.4
- 544.1
- 601.1
- 653.5
- 714.5
-
-
- Property valuation (losses)/gains
- (6.6)
- (36.7)
- 172.4
- 721.7
- 809.5
-
- Non-property related impairment losses
- (21.5)
- -
- -
- (12.0)
- (204.6)
-
- Derivative mark to market and unrealised foreign exchange movements
- 5.1
- (293.0)
- (78.4)
- (99.8)
- 81.5
-
- Other non-cash adjustments or non-recurring losses
- (32.1)
- (53.4)
- (37.8)
- (55.4)
- (126.3)
-
- Operating profit per stapled security (cents per security)1
- 30.5
- 32.4
- 34.8
- 37.2
- 40.1
-
- 2012
$M
- 2013
$M
- 2014
$M
- 2015
$M
- 2016
$M
-
-
- Cash and receivables
- 605.9
- 1,172.8
- 780.8
- 1,137.0
- 1,774.5
-
- Property assets
- 3,469.8
- 3,355.4
- 3,663.0
- 4,337.7
- 4,096.5
-
- Equity accounted investments
- 2,893.4
- 3,243.1
- 3,855.6
- 4,508.8
- 5,348.1
-
- Intangible assets
- 783.2
- 891.4
- 932.7
- 976.4
- 780.6
-
- Other (including derivative financial instruments)
- 467.6
- 228.0
- 171.8
- 302.4
- 387.4
-
- Payables and provisions
- 512.2
- 520.0
- 656.8
- 732.0
- 747.4
-
- Interest bearing liabilities
- 2,347.5
- 2,249.8
- 2,160.5
- 2,707.9
- 2,865.2
-
- Other (including derivative financial instruments)1
- 185.6
- 285.2
- 356.2
- 446.3
- 381.2
-
- Net assets
- 5,174.6
- 5,835.7
- 6,230.4
- 7,376.1
- 8,393.3
-
- Non-controlling interests
- (318.8)
- (331.5)
- (325.8)
- (325.8)
- (325.8)
-
- NTA per security ($)
- 2.54
- 2.69
- 2.88
- 3.46
- 4.10
-
- Statement of changes in equity
-
- Total equity at the beginning of the year
- 5,013.9
- 5,174.6
- 5,835.7
- 6,230.4
- 7,376.1
-
- Total comprehensive income for the year
- 429.9
- 460.2
- 797.4
- 1,429.2
- 1,298.5
-
- Contributions of equity, net of transaction costs
- 33.3
- 441.4
- 42.1
- 89.3
- 95.5
-
- Distributions provided or paid
- (283.1)
- (243.7)
- (445.4)
- (388.3)
- (408.0)
-
- Other transactions with equity holders
- 22.8
- 20.9
- 27.7
- 36.7
- 51.3
-
- Movements in non-controlling interests during the year
- (42.2)
- (17.7)
- (27.1)
- (21.2)
- (20.1)
-
-
- Net cash provided by operating activities
- 266.8
- 356.1
- 404.4
- 654.7
- 830.1
-
- Net cash used in investing activities
- (220.8)
- 146.4
- (228.5)
- (147.8)
- 160.0
-
- Net cash provided by/(used in) financing activities
- 37.0
- (167.9)
- (461.4)
- (120.3)
- (399.6)
-
- Cash at the beginning of the year
- 227.8
- 310.8
- 645.4
- 359.9
- 746.5
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