v2 Report - Additional Information Supplement

 

GLL Guoco Leisure Limited

 

 

IPOs and Investment Opportunities

Press releases
Company Code Released Type Headline
GuocoLeisure Limited GLL 30 Oct, 2007, 09:47 NAME BRY - Name and Issuer Code Change
Full Text of Announcement
30 October 2007


NZX Regulation Announcement
BIL International Limited (BRY)
Name and Issuer Code Change



NZX Regulation advises that as per the announcement released today at 9.44am, please be advised of the following name and issuer code change for BIL International Limited (BRY).

The registered name BIL International Limited will change to GuocoLeisure Limited. The issuer code BRY will change to GLL. This change is effective from start of business Thursday, 1 November 2007.

The ISIN will not change.


ENDS
Company Code Released Type Headline
GuocoLeisure Limited GLL 30 Oct, 2007, 09:44 NAME CHANGE OF NAME
Full Text of Announcement
GUOCOLEISURE LIMITED
(Formerly known as BIL International Limited)
(the "Company")

Change of Name

The Board of Directors of the Company is pleased to announce that the Company has changed its name to GuocoLeisure Limited.

New Zealand Exchange Limited ("NZX"), Singapore Exchange Securities Trading Limited ("SGX-ST") and London Stock Exchange will list the Company as "GuocoLeisure Limited". NZX will correspondingly list the Company under the stock code "GLL" whilst SGX-ST will list the Company under the trading name "GuocoLeisure".

Please note that the name change may also affect how various news services file information relating to the Company. If you have any questions relating to the operation of these services, the Company recommends that you contact the operators of these services in the first instance.


By order of the Board

Linda Hoon
Group Company Secretary
29 October 2007

 

Chairman's report

 

Company Code Released Type Headline
GuocoLeisure Limited GLL 31 Oct, 2007, 08:51 QUARTER Unaudited First Quarter Results, No Dividend
Full Text of Announcement
GuocoLeisure Limited (formerly known as BIL International Limited) has today released its Unaudited First Quarter Financial Statement and Dividend Announcement.

Unaudited 1st Qtr

1 Jul to 30 Sep 07 US$m; 1 Jul to 30 Sep 06 US$m; Increase/(Decrease)%

Revenue 160.9; 98.2; 63.9%
Bass Strait oil and gas royalty 3.6; 3.8; -5.3%
Other operating income 7.7; 5.6; 37.5%
Direct costs of raw materials and consumables (97.0;) (52.4); 85.1%
Personnel expenses (31.8); (26.1); 21.8%
Other operating expenses (4.1); (5.6); -26.8%
PROFIT BEFORE DEPRECIATION & AMORTISATION 39.3; 23.5; 67.2%
Depreciation and impairment (8.4); (6.7); 25.4%
Amortisation (1.6); (1.4); 14.3%
PROFIT BEFORE FINANCING COSTS 29.3; 15.4; 90.3%
Financing costs (13.8); (10.9); 26.6%
Interest income 2.7; 2.7; 0.0%
Net foreign exchange loss (1.0); (0.7); 42.9%
PROFIT BEFORE TAX 17.2; 6.5; 164.6%
Income tax expenses (2.9); (0.8); 262.5%
NET PROFIT FOR THE PERIOD 14.3; 5.7; 150.9%

There is no dividend to be paid.


A review of the performance of the group, to the extent necessary for a reasonable understanding
of the group's business. It must include a discussion of the following:-

(a) any significant factors that affected the turnover, costs, and earnings of the group for the
current financial period reported on, including (where applicable) seasonal or cyclical factors; and
(b) any material factors that affected the cash flow, working capital, assets or liabilities of the
group during the current financial period reported on
The profit before tax for the financial period ended 30 September 2007 was US$17.2 million compared to
US$ 6.5 million in the previous financial period. The following factors affected the profit before tax:
URevenue

- This has increased by 63.9% compared with the corresponding quarter, contributed mainly by the
Group's property development segment due to sales of properties in Denarau.

- For the Group's hotels segment, occupancy rate and average room rate respectively have enjoyed
growth in the current quarter. In addition, the strength of the British pound has contributed to the
improved revenue.

- The acquisition of The Clermont Club was completed on 1 December 2006 and the Group has
consolidated the results from the company.
UBass Strait Oil and Gas royalty

- The Group is entitled to 55.11% of royalty receipts from the Bass Strait Royalty. In 1997, the entitlement
of the royalties was monetised into 44 million units for a 10-year period held by the Bass Strait Oil Trust.
The ordinary units which amounted to 44 million units expired in July 2007. The residual 11.96 million
units owned by the Group would therefore now be entitled to the full royalty sum.

Other operating income

- This has improved from US$5.6 million in the first quarter ended 30 September 2006 to US$7.7 million
this quarter. Management fees earned by the Group's hotels segment have contributed to this
improvement.

Direct costs of raw materials, consumable and services
- This has increased due to the inclusion of start-up costs in the Group's gaming segment and higher direct
costs in the Group's property development and hotels segment in line with the higher revenue.


Personnel expenses
- This has increased as a result of improved performance at the Group's hotels segment during the first
quarter.

Net financing costs
- These have increased compared to the corresponding quarter due to the funding of the Group's newly
established gaming segment and new projects in its property and development segment. In addition, the
currencies in which the loans are borrowed have appreciated against the US dollars.

 

Director's Report

 

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