Description:
*
"Established in 1909,
Loan and Building Society is a New Zealand owned retail-funded mortgage
lender. It services 4,500 mainly South Island clients, offering financing
and loans against first mortgages secured over residential dwellings,
farms and commercial properties. It has achieved 125% growth in total
tangible assets since 1998. Compared to New Zealand’s 2002/3 economic
growth rate of 4%, the Society’s overall 14% growth in the same period
shows it is moving strongly to satisfy increasing demand for competitive
mortgages from the residential, rural and commercial sectors."
Website: http://www.loansociety.co.nz/
Recent announcements: click here
|
Year |
2002 |
2003 |
2004 |
2005 |
2006 |
Average
GR |
Compounding
GR |
|
Gross
growth rates |
|
|
|
|
|||
|
Revenue |
|
9% |
8% |
26% |
24% |
60% |
13% |
|
NPAT |
|
16% |
-11% |
18% |
13% |
24% |
7% |
|
Total
Assets |
|
18% |
13% |
8% |
19% |
45% |
11% |
|
Net
Assets |
|
5% |
5% |
5% |
44% |
55% |
11% |
|
Per
Share figures and growth |
|||||||
|
Earnings |
$
0.25 |
$
0.29 |
$
0.26 |
$
0.30 |
$ 0.26
|
|
|
|
|
|
16% |
-11% |
18% |
-15% |
-4% |
1% |
|
Net
Assets |
$
2.98 |
$
3.14 |
$
3.28 |
$
3.44 |
$ 3.73
|
|
|
|
|
|
5% |
5% |
5% |
8% |
19% |
5% |
|
Dividends |
$
0.12 |
$
0.14 |
$
0.15 |
$
0.14 |
$ 0.12
|
|
|
|
|
|
10% |
7% |
-3% |
-17% |
-10% |
-1% |
|
Profitability |
|||||||
|
Return
on Assets |
0.86% |
0.85% |
0.67% |
0.73% |
0.70% |
|
|
|
Equity
Multiplier |
9.71 |
10.85 |
11.72 |
12.07 |
9.96 |
|
|
|
Return
on Equity (ROE) |
8% |
9% |
8% |
9% |
7% |
|
|
|
ROE
(avg E) |
|
9% |
8% |
9% |
8% |
|
|
|
Net
Profit Margin |
11% |
12% |
10% |
9% |
8% |
|
|
|
Dividend
payout ratio |
49% |
47% |
56% |
46% |
45% |
|
|
|
Liquidity |
|||||||
|
Net
working capital |
|
$(76,021,348) |
$(83,502,554) |
$(99,969,900) |
$(120,433,592) |
|
|
|
Current
ratio |
|
0.15 |
0.17 |
0.09 |
0.08 |
|
|
|
Acid
test ratio |
|
0.15 |
0.17 |
0.09 |
0.08 |
|
|
|
Other |
|||||||
|
Times
interest earned |
1.26 |
1.29 |
1.23 |
1.20 |
1.18 |
|
|
|
Operating
exp/income |
17% |
19% |
22% |
19% |
18% |
|
|
|
|
|
|
|
|
|
|
|
|
Summary
Financials |
|||||||
|
Income |
6807022 |
7439874 |
8037283 |
10090470 |
12543523 |
|
|
|
Expenses |
5639087 |
6103659 |
6859573 |
8722096 |
10992685 |
|
|
|
Tax |
419080 |
468345 |
404419 |
457157 |
518724 |
|
|
|
NPAT |
748855 |
867870 |
773291 |
911217 |
1032114 |
|
|
|
|
|
|
|
|
|
|
|
|
Assets |
86827870 |
102112498 |
115294697 |
124679996 |
148451449 |
|
|
|
Liabilities |
77881584 |
92703244 |
105460023 |
114354105 |
133540550 |
|
|
|
Net
Assets |
8946286 |
9409254 |
9834674 |
10325891 |
14910899 |
|
|
| Registered Office: |
Mailing address: |
| Directors: Roger Anthony Bonifant George Stanley Brown Laurence Killoh Cooney Colin Cordery Fleming Gary Richard Leech |
Secretary: John Moore |
| Auditors: Deloitte |
Solicitors: Buddle Findlay |
| Bankers: |
Registrar: Link Market Services |
| Other: |
|
| Other | Last updated:14-11-2007 |
Company balance date: 31 March
Trading over the last year
