--------------- ------------ ------------ ------------- ------------- -------------- ----------------- --------------
Payment
of dividends - - - (13,296,960) (13,296,960) - (13,296,960)
--------------- ------------ ------------ ------------- ------------- -------------- ----------------- --------------
Share-based
payments - - 1,954,849 - 1,954,849 - 1,954,849
--------------- ------------ ------------ ------------- ------------- -------------- ----------------- --------------
Balance
at 30
June 2012 116,812,467 (6,028,429) 2,661,625 73,186,248 186,631,911 1,049 186,632,960
--------------- ------------ ------------ ------------- ------------- -------------- ----------------- --------------
Consolidated statement of cash flows
Consolidated
2012 2011
Cash flows from operating $ $
activities
Receipts from customers 193,884,982 165,014,428
Payments to suppliers and
employees (184,185,267) (146,404,583)
Interest received 720,451 967,215
Interest received from personal
loans 32,597,554 23,106,889
Net increase in personal
loans (21,924,151) (16,962,067)
Interest and costs of finance
paid (2,388,057) (908,564)
Income tax paid (15,337,914) (10,026,325)
-------------- --------------
Net cash flows provided by
operating activities 3,367,598 14,786,993
-------------- --------------
Cash flows from investing
activities
Net cash paid for acquisitions
of controlled entities (6,130,534) (26,995,105)
Acquisition of intangible
asset (2,183,593) (2,531,994)
Proceeds from sale of plant 12,991 -
and equipment
Purchase of plant and equipment (9,760,995) (6,980,372)
Payments to acquire financial
assets (1,375,000) (1,375,000)
Instalment credit loans made
to franchisees - (218,000)
Instalment credit loans repaid
by franchisees 632,174 504,709
Net cash flows used in investing
activities (18,804,957) (37,595,762)
-------------- --------------
Cash flows from financing
activities
Dividends paid - members
of parent entity (11,119,638) (12,338,882)
Proceeds from borrowings 22,700,000 12,000,000
Repayment of borrowings (2,293,178) (2,620,604)
Capital element of finance
lease and hire purchase payments (336,270) (365,961)
Redemption of unsecured notes
by controlled entity - (189,100)
Net cash flows (used in)/provided
by financing activities 8,950,914 (3,514,547)
-------------- --------------
Net (decrease) in cash and
cash equivalents (6,486,445) (26,323,316)
Cash and cash equivalents
at the beginning of the year 23,456,996 50,716,388
Effects of exchange rate
changes on the balance of
cash held in foreign currencies (555,390) (936,076)
-------------- --------------
Cash and cash equivalents
at the end of the year 16,415,161 23,456,996
-------------- --------------
Reserves and retained earnings
(a) Reserves
Consolidated
2012 2011
$ $
Foreign currency translation reserve (6,028,429) (5,027,031)
Share-based payment reserve 2,661,625 706,776
------------ ------------
Balance at the end of the financial
year (3,366,804) (4,320,255)
============ ============
Foreign currency translation reserve
Consolidated
2012 2011
$ $
Balance at the beginning of the
financial year (5,027,031) (1,421,453)
Translation of foreign operations (1,001,398) (3,605,578)
------------ ------------
Balance at the end of the financial
year (6,028,429) (5,027,031)
============ ============
Exchange differences relating to the translation from the
functional currencies of the Group's foreign controlled entities
into Australian Dollars are brought to account by entries made
directly to the foreign currency translation reserve.
Share-based payment reserve
Consolidated
2012 2011
$ $
Balance at the beginning of the 706,776 -
financial year
Arising from share-based payment 1,954,849 706,776
---------- --------
Balance at the end of the financial
year 2,661,625 706,776
========== ========
The share-based payment reserve arises due to the grant of
share-based payments by the Company under the Executive Performance
Rights Plan.
(b) Retained earnings
Consolidated
Restated
2012 2011
$ $
Balance at the beginning of the
financial year 57,067,184 41,399,168
Net profit attributable to members
of the parent entity 29,416,024 27,692,433
Acquisition of non-controlling
interest - 314,465
Dividends provided for or paid (13,296,960) (12,338,882)
Balance at the end of the financial
year 73,186,248 57,067,184
============= =============
Segment results
Segment revenues Segment results
---------------------------
Year Ended Year Ended
---------------------------- ----------------------------
2012 2011 2012 2011
--------------------------- ------------- ------------- ------------- -------------
$ $ $ $
--------------------------- ------------- ------------- ------------- -------------
Franchise operations 23,500,770 27,440,899 6,054,033 6,509,558
--------------------------- ------------- ------------- ------------- -------------
Store operations 122,844,139 100,877,291 5,628,791 8,569,649
--------------------------- ------------- ------------- ------------- -------------
Financial services
- administration 16,584,676 13,866,216 13,651,754 12,319,667
--------------------------- ------------- ------------- ------------- -------------
Financial services
- personal loans 87,087,517 56,629,355 33,477,570 24,420,011
--------------------------- ------------- ------------- ------------- -------------
Inter-segment elimination
of revenues (15,903,306) (13,424,001) - -
--------------------------- ------------- ------------- ------------- -------------
Totals 234,113,796 185,389,760 58,812,148 51,818,885
--------------------------- ------------- ------------- ------------- -------------
- - -
--------------------------- ------------- ------------- ------------- -------------
Corporate head office
income/(costs) 240,999 994,444 (17,386,874) (12,548,326)
--------------------------- ------------- ------------- ------------- -------------
Total revenue/operating
profit 234,354,795 186,384,204 41,425,274 39,270,559
--------------------------- ------------- ------------- ------------- -------------
Income tax attribute to operating
profits (12,009,250) (11,578,126)
--------------------------------------------------------- ------------- -------------
Operating profit after income
tax 29,416,024 27,692,433
--------------------------------------------------------- ------------- -------------
Less: Profit attributable to - -
outside equity interests
Cash Convert (LSE:CCVU)
Historical Stock Chart
From Apr 2024 to May 2024
Cash Convert (LSE:CCVU)
Historical Stock Chart
From May 2023 to May 2024
