Defence Housing Australia

This appendix provides a comparative overview of our key financial performance results for the last five financial years.

Table 6.12: Financial performance, 2012–13 to 2016–17

2012–13

2013–14

2014–15

2015–16

2016–17

Financial performance

Net profit after tax ($m)

85.1

90.1

91.1

104.6

65.7

Annual dividend ($m)

51.1

54.0

54.6

62.7

39.6

Return on equity (%)

6.2

6.4

6.3

7.0

4.3

Property investment program revenue ($m) 1

353.4

386.4

498.0

428.8

363.9

Disposals program revenue ($m)

51.2

54.6

44.4

59.0

64.2

Development land and property sales revenue ($m)

58.9

114.0

127.1

238.5

116.4

Business efficiency

Return on capital employed (%)

7.5

8.0

8.4

9.2

5.9

Inventory turnover (years) 2

2.0

1.7

1.5

1.8

2.1

Leverage/solvency

Gearing ratio (%) 3

35.8

35.7

34.8

25.8

24.9

Interest times cover

4.2

5.1

5.8

7.0

5.2

Current ratio

2.7

2.4

3.1

4.7

6.2

Liquidity ratio 4

2.2

1.9

4.0

4.7

6.2

Portfolio management

Value of portfolio under management ($b)

9.0

9.5

10.0

10.6

11.0

Total properties under management

18,304

18,577

18,872

18,767

18,841

New constructions and acquisitions

649

790

1,154

864

940

NOTES

  1. Formerly known as the Sale and Leaseback program.
  2. This figure relates to property investment program properties only.
  3. Financial years 2012–13 to 2014–15 used the gearing ratio of total liabilities over total assets. In 2015–16, the methodology was revised to total liabilities over equity plus total liabilities.
  4. Liquidity ratio excludes current borrowings as borrowed items are rolled on maturity and not considered to be at risk.