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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