DHA financial performance
Objectives
- Sustainable long-term financial structure.
| Key performance indicator | 2011–12 target | 2011–12 achievement |
|---|---|---|
| Return on Equity | 6.1% | 6.2% |
| Return on Capital Employed | 7.7% | 7.9% |
| Net Profit after Tax | $81.8 million | $82.8 million |
| Gearing | 34.6% | 36.2% |
| Ordinary Dividend | $49.1 million | $49.7 million |
Major outcomes
- Total revenues of $1,016.2 million in the 2011–12 financial year, including $324.9 million of sales generated through the Sale and Leaseback program.
- Net Profit after Tax of $82.8 million, above the Corporate Plan figure of $81.8 million.
- Return on Equity of 6.2% compared to the Corporate Plan figure of 6.1%.
- Proposed to government a dividend of $49.7 million compared with the Corporate Plan target of $49.1 million.
- Payment to government for 2011–12 of: $22.7 million in income taxes, $10.1 million in Stamp Duty, $3.1 million in Payroll Tax and $22.8 million as Land Tax – a total of $58.7 million.
- Maintenance of a capital structure consistent with targets for gearing ratio and the percentage of the property portfolio owned by DHA.