14
15
ANNUAL REPORT 2015
HAW PAR CORPORATION LIMITED
F I NAN C I A L C A L E NDA R
Date
Event
14 May 2015
Announcement of 2015 1st quarter results
11 August 2015
Announcement of 2015 2nd quarter results
4 September 2015
Payment of 2015 First & Interim dividend
4 November 2015
Announcement of 2015 3rd quarter results
25 February 2016
Announcement of 2015 full-year audited results
7 April 2016
Announcement of Notice of Annual General Meeting
29 April 2016
47th Annual General Meeting
18 May 2016
Proposed books closure date for dividend entitlement
27 May 2016
Proposed payment of 2015 Second & Final dividend and
Special dividend
FINANCIAL HIGHLIGHTS
Group turnover increased 16% from $154.2 million
to $178.8 million mainly from Healthcare. Profits from
operations grew 24% to $139.3 million due to higher
profit from Healthcare and increase in dividend income
from investments. Profit after tax increased 54% to $183.3
million with higher contribution from Healthcare, investment
income and associated companies.
Healthcare contributed a higher percentage of the Group’s
turnover from higher sales in key markets. Healthcare’s
profit increased 42% to $48.1 million from $33.9 million.
Profit contribution from the Group’s investment portfolio
increased due to one-off equity gains from associated
company and higher investment income.
FINANCIAL POSITION
Shareholders’ funds decreased 10% to $2,535 million mainly
due to lower market valuation of the Group’s available-for-
sale financial assets reflecting the volatility of the equity
market. During the year, the Group also disposed part of
its investment in associated company, Hua Han Health
Industry Holdings Limited (“Hua Han”). The retained interest
in Hua Han was subsequently reclassified from investment
in associated company to available-for-sale financial assets.
Based on cumulative cash dividends received and net
proceeds from the partial disposal, the Group has recovered
fully its cash capital cost invested in Hua Han. The Group’s
remaining investment in Hua Han represents unrealised cash
profits in this investment.
Cash generated by operating activities and cash dividends
received from investments was $124 million in 2015, with
the Group ending the financial year with net cash balances
of $314 million.
DIVIDENDS
In view of extraordinary income during the year, the Board
of Directors are recommending a final dividend of 14 cents
per share and special dividend of 15 cents per share to be
approved by shareholders at the coming Annual General
Meeting. Together with the interim dividend of 6 cents
paid in September 2015, the total dividend per share for
the financial year ended 31 December 2015 is 35 cents per
share (2014: 20 cents per share).
+16.0%
+54.3%
TURNOVER ($M)
2015: $178.8M
Healthcare
122.2
Leisure
15.6
Property
16.4
Healthcare
152.6
Leisure
12.7
Property
13.5
2014
2015
2014: $154.2M
TURNOVER
PROFIT CONTRIBUTION ($M)
PROFIT AFTER TAX
TURNOVER
Healthcare
33.9
Leisure
2.5
Property
15.5
Investment
75.1
Healthcare
48.1
Leisure
(4.3)
Property
7.9
Investment
142.0
2014
2015
2015: $193.7M
2014: $127.0M
PROFIT BEFORE TAX
G R OU P F I NAN C I A L H I G H L I G H T S
$178.8M
$183.3M
$154.2M
$118.8M
2015
2015
2014
2014
