Financial

FHL-FINANCIAL-ANALYSIS-1

Brief Analysis for Group Financials

  • Increase in Total Assets was noted in 2006 mainly due to increase in investment in Fiji TV, Fosters Group and FMF shares
  • There was also new investments of FHL Property Trust Fund (5.8m) and Golden Manufactures (13m) in 2006
  • FHL was in the process of slowly divesting shares for Fosters in 2007. All of the shares of Fosters was fully divested in 2008
  • The major spike in 2013 is the acquisition of South Sea Cruises Limited which brought with it a goodwill which is recorded on consolidation
  • The increase in revenue and profit is consistent with growth of assets bringing in increase in dividend revenue as well as profits over the last 10 years.
  • The spike in 2009 is due to the realisation of capital gain on sale of investment of approximately $36m (Fosters)

FHL-FINANCIAL-ANALYSIS-3

Brief Analysis for Holding Company Financials

  • Increase in Total Assets was noted in 2006 mainly due to increase in investment in Fosters Group (42m) , BIL (10m) and Golden Manufactures (13m)
  • FHL reduced its shareholding for BIL (6.7m) and PCL (3.7m) in 2012
  • Increase in Assets in 2013 is due the acquisition of South Sea Cruises Limited.
  • The increase in revenue and profit is consistent with growth of assets bringing in increase in dividend revenue as well as profits over the last 10 years.
  • The spike in 2009 is due to the realisation of capital gain on sale of investment of approximately $36m (Fosters)

FHL-FINANCIAL-ANALYSIS-5

FHL-FINANCIAL-ANALYSIS-6

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