Financial Summary

Financial Performance

For the 2017 financial year, the Group achieved Revenue of $240.2 million (2016#: $234.1 million) and a loss after tax of $0.8 million (2016 profit: $38.3 million). The normalised profit after tax was $28.2 million.

The major impact on profitability in the period was the recognition of significant items totalling $41.4 million before tax as outlined in Note 6. Excluding the impact of these items, normalised earnings results would have been as follows:

  1. (1) Refer Significant Items below and in Note 6 for details of individually significant items.
  2. (2) Bellamy’s has followed the guidance for underlying profit as issued by the ASIC regulator Guide RG230 ‘Disclosing non-IFRS information’. The profit and loss summary with a prior period comparison in the table above, has been sourced from the accounts but has not been subject to separate review or audit. The Directors believe that the presentation of the unaudited non-IFRS profit and loss summary in the table above is useful for users as FY17 includes significant items that are not expected to be repeated in future years. The table reflects the normalised earnings of the business.
  3. # restated, refer Note 5 of the 2017 Annual Report