Revenue up 2% to $578 million with strong growth in Bathrooms & Kitchens (excluding
Hot Water)
Net profit after tax of $18.6 million impacted by one-off significant items
TRADING EBIT
DIVIDENDS
Trading earnings before interest and tax (EBIT) up 8% on the prior period to $72.3 million
Fully franked final dividend of 5.5 cents per share to be paid in October 2014
STRATEGIC REVIEW COMPLETED
SUBJECT TO SUCCESSFUL DIVESTMENT
with focus on core Bathrooms & Kitchens and Door & Access Systems businesses and divestment of non-core businesses –
Dux Hot Water and Brivis Heating & Cooling
of Dux and Brivis, capital return options to shareholders will be reviewed
$578 million $18.6 million
$72.3 million 5.5 cents
DWELLING COMPLETIONS rise only 4% on a moving annual total basis year on year to March 2014
CONTENTS
Five Year Financial Summary
1
GWA Heating & Cooling
14
Company Profile and Our Mission
2
Board of Directors
16
Chairman’s Review
4
Corporate Governance Statement
18
Managing Director’s Review of Operations
6
Directors’ Report
28
Health and Safety
10
Financial Report
43
GWA Bathrooms & Kitchens
12
Other Statutory Information
90
GWA Door & Access Systems
13
Shareholder Information
91
FIVE YEAR
FINANCIAL SUMMARY
2009/10
$’000
2010/11
$’000
2011/12
$’000
2012/13
$’000
2013/14
$’000
Revenue from continuing operations
656,809
726,367
602,128
565,365
577,994
Earnings before interest, tax, depreciation, amortisation and significant items**
