Description:
* "Rural
Equities Limited is a rural property investment and management company. It
focuses on New Zealand rural property owning approximately 54% of the
units in the New Zealand Rural Property Trust and all of the shares in New
Zealand Rural Property Trust Management Limited. This latter company has
the contract to manage the assets of the New Zealand Rural Property Trust."
Website: http://www.ruralequities.co.nz
Recent announcements: click here
Unlisted Company Research Center
|
Year |
|
2003 |
2004 |
2005 |
2006 |
Average
GR |
Compounding
GR |
|
Gross
growth rates |
|
|
|
|
|||
|
Revenue |
|
|
1% |
104% |
42% |
146% |
24% |
|
NPAT |
|
|
1304% |
11% |
-44% |
1272% |
55% |
|
Total
Assets |
|
|
584% |
262% |
13% |
859% |
95% |
|
Net
Assets |
|
|
485% |
267% |
13% |
764% |
89% |
|
Per
Share figures and growth |
|||||||
|
Earnings |
|
$
0.07 |
$
1.13 |
$
0.84 |
$
0.47 |
|
|
|
|
|
|
1552% |
-26% |
-44% |
1482% |
47% |
|
Net
Assets |
|
$
0.34 |
$
2.37 |
$
5.80 |
$
6.53 |
|
|
|
|
|
|
588% |
144% |
13% |
745% |
80% |
|
Dividends |
|
$
- |
$
0.14 |
$
- |
$
0.03 |
|
|
|
|
|
|
|
|
|
|
|
|
Profitability |
|||||||
|
Return
on Assets |
|
19% |
40% |
12% |
6% |
|
|
|
Equity
Multiplier |
|
1.02 |
1.19 |
1.17 |
1.18 |
|
|
|
Return
on Equity (ROE) |
|
20% |
48% |
14% |
7% |
|
|
|
ROE
(avg E) |
|
40% |
81% |
23% |
8% |
|
|
|
Net
Profit Margin |
|
58% |
814% |
445% |
176% |
|
|
|
Dividend
payout ratio |
|
0% |
12% |
0% |
7% |
|
|
|
Liquidity |
|||||||
|
Net
working capital |
|
$1,954,000
|
$654,000
|
$
507,000 |
$
47,000 |
|
|
|
Current
ratio |
|
22.01 |
2.02 |
1.29 |
1.03 |
|
|
|
Acid
test ratio |
|
22.01 |
2.02 |
0.73 |
0.54 |
|
|
|
Other |
|||||||
|
Times
interest earned |
|
1757 |
8.45 |
1.81 |
1.27 |
|
|
|
Operating
exp/income |
|
14% |
45% |
51% |
62% |
|
|
|
|
|
|
|
|
|
|
|
|
Summary
Financials |
|||||||
|
Income |
|
2043000 |
18205000 |
22412000 |
16153000 |
|
|
|
Expenses |
|
287000 |
1057000 |
3263000 |
5474000 |
|
|
|
Tax |
|
565000 |
427000 |
511000 |
193000 |
|
|
|
NPAT |
|
1191000 |
16721000 |
18638000 |
10486000 |
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
|
6110000 |
41818000 |
151348000 |
171052000 |
|
|
|
Liabilities |
|
93000 |
6644000 |
22397000 |
25857000 |
|
|
|
Net
Assets |
|
6017000 |
35174000 |
128951000 |
145195000 |
|
|
| Registered Office: Rural Equities Limited First Floor, 120 Karamu Road North Hastings |
Mailing address: PO Box 783, Hastings 4156 |
| Directors: Sir Selwyn Cushing Murray Gough Roger Bonifant Sir Ronald Carter David Cushing Brian Martin Gerald Weenink |
Secretary: James Wright |
| Auditors: Ernst & Young |
Solicitors: Russell McVeagh |
| Bankers: |
Registrar: Computershare Investor Services |
| Other: |
|
| Other |
Company balance date: 30 June
Last updated: 07/01/2007
