Washington H. Soul Pattinson and Company Limited
ABN 49 000 002 728 ASX Code: SOL
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2016
Profile
Washington H. Soul Pattinson and Company Limited (WHSP) was incorporated on
21 January 1903 having previously traded as two separate companies, Pattinson and Co. and Washington H. Soul and Co.
Following a public offering of shares, WHSP was listed on the Sydney Stock Exchange (now the Australian Securities Exchange) on 21 January 1903.
Over 100 years as a listed public company
When Caleb Soul and his son Washington opened their first store at 177 Pitt Street, Sydney, in 1872 neither of them could have envisaged that 144 years later their single pharmacy would have evolved into a company as prominent and diversified as WHSP.
WHSP is now a significant investment house with a portfolio encompassing many industries including its traditional field of pharmaceuticals, as well as coal mining, building materials, copper and gold
exploration, equity investments, property investment, telecommunications and corporate consulting.
Calendar
Final Dividend
For more information visit our website
www.whsp.com.au
DIVERSIFIED PORTFOLIO
LONG TERM FOCUSED
CONSERVATIVE AND VALUE FOCUSED
OVER THE LAST 15 YEARS WHSP HAS
CONTINUALLY INCREASED DIVIDENDS
DELIVERED A TSR OF 12.6% PER ANNUM
GROWING AT A COMPOUND ANNUAL GROWTH RATE OF 10.6% PA
OUTPERFORMING THE ALL ORDS
ACCUMULATION INDEX BY 4.5% PA
Corporate Directory
Contents
Directors
Key Highlights 2 Chairman's review 3
Review of group entities 9
TPG Telecom Limited 10
Brickworks Limited 12
New Hope Corporation Limited 14
Australian Pharmaceutical
Industries Limited 16
BKI Investment Company Limited 17
Ruralco Holdings Limited 18
Apex Healthcare Berhad 19
CopperChem Limited and
Exco Resources Limited 20
Other Investments and Property 21
Directors' report 22
Auditor's independence declaration 47
Financial report 48
Financial statements
Consolidated income statement 50
Consolidated statement of
comprehensive income 51
Consolidated statement of
financial position 52
Consolidated statement of
changes in equity 53
Consolidated statement of
cash flows 54
Notes to the consolidated
financial statements 55
Directors' declaration 128
Independent auditor's report 129
ASX additional information 131
160 Pitt Street, Sydney Circa 1950
1
Key Highlights
NET PROFIT AFTER TAX
$14 9.4m
79. 3% 1
REGULAR PROFIT AFTER TAX
$177. 2m
9.1% 1
Regular profit after tax is a non-statutory profit measure and represents profit from continuing operations before non-regular items.
A reconciliation to statutory profit is included in the Preliminary Final Report - Note 3, Segment information.
The results for 2015 have been restated by transferring expenses of $6.0 million from the regular result to
non-regular items following a reallocation by an Associated Entity. Refer to Note 3 of the Preliminary Final Report.
PRE-TAX VALUE OF PORTFOLIO
$6.03b
9.6% 1
TOTAL DIVIDENDS (FULLY FRANKED)
52cps
4.0% 1
LAST 12 MONTH TSR
31.4%
OUTPERFORMANCE 27.4% TOTAL SHAREHOLDERS
14,836
25.7% 1
2
Washington H. Soul Pattinson and Company Limited
Annual Report 2016
