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GPT Group
Buy, Hold or Sell?

Let's analyze Gpt together

I guess you are interested in GPT Group. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of GPT Group. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Gpt (30 sec.)










1.2. What can you expect buying and holding a share of Gpt? (30 sec.)

How much money do you get?

How much money do you get?
A$0.65
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$5.62
Expected worth in 1 year
A$4.12
How sure are you?
80.0%

+ What do you gain per year?

Total Gains per Share
A$-0.50
Return On Investment
-10.8%

For what price can you sell your share?

Current Price per Share
A$4.64
Expected price per share
A$4.24 - A$5.19
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Gpt (5 min.)




Live pricePrice per Share (EOD)
A$4.64
Intrinsic Value Per Share
A$0.13 - A$4.78
Total Value Per Share
A$5.75 - A$10.40

2.2. Growth of Gpt (5 min.)




Is Gpt growing?

Current yearPrevious yearGrowGrow %
How rich?$7b$7.5b-$466.8m-6.6%

How much money is Gpt making?

Current yearPrevious yearGrowGrow %
Making money-$157.8m$308.7m-$466.5m-295.5%
Net Profit Margin-26.3%57.5%--

How much money comes from the company's main activities?

2.3. Financial Health of Gpt (5 min.)




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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Gpt?

Welcome investor! Gpt's management wants to use your money to grow the business. In return you get a share of Gpt.

First you should know what it really means to hold a share of Gpt. And how you can make/lose money.

Speculation

The Price per Share of Gpt is A$4.64. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Gpt.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Gpt, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$5.62. Based on the TTM, the Book Value Change Per Share is A$-0.37 per quarter. Based on the YOY, the Book Value Change Per Share is A$-0.08 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.25 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Gpt.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps-0.08-1.8%-0.08-1.8%0.163.5%0.163.4%0.265.7%
Usd Book Value Change Per Share-0.25-5.3%-0.25-5.3%-0.05-1.1%0.051.0%0.143.0%
Usd Dividend Per Share0.163.5%0.163.5%0.153.2%0.163.5%0.153.2%
Usd Total Gains Per Share-0.08-1.8%-0.08-1.8%0.102.1%0.214.4%0.296.2%
Usd Price Per Share3.05-3.05-2.76-3.20-3.22-
Price to Earnings Ratio-37.07--37.07-17.15--8.31-0.56-
Price-to-Total Gains Ratio-37.05--37.05-27.92--7.95-0.68-
Price to Book Ratio0.83-0.83-0.70-0.83-0.98-
Price-to-Total Gains Ratio-37.05--37.05-27.92--7.95-0.68-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.052192
Number of shares327
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.160.16
Usd Book Value Change Per Share-0.250.05
Usd Total Gains Per Share-0.080.21
Gains per Quarter (327 shares)-26.9467.22
Gains per Year (327 shares)-107.75268.89
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1213-321-11821059259
2426-642-226420118528
3640-963-334630177797
4853-1284-4428402361066
51066-1605-55010502951335
61279-1926-65812603541604
71492-2246-76614694131873
81705-2567-87416794722142
91919-2888-98218895312411
102132-3209-109020995902680

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%2.01.00.066.7%3.02.00.060.0%8.02.00.080.0%25.03.06.073.5%
Book Value Change Per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%7.03.00.070.0%25.09.00.073.5%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%33.00.01.097.1%
Total Gains per Share0.01.00.00.0%2.01.00.066.7%3.02.00.060.0%8.02.00.080.0%31.03.00.091.2%
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3.2. Key Performance Indicators

The key performance indicators of GPT Group compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.373-0.3730%-0.075-80%0.069-644%0.211-277%
Book Value Per Share--5.6165.6160%5.989-6%5.833-4%5.106+10%
Current Ratio--0.7360.7360%0.508+45%0.590+25%0.574+28%
Debt To Asset Ratio--0.3390.3390%0.337+0%0.315+8%0.312+9%
Debt To Equity Ratio--0.5120.5120%0.509+1%0.461+11%0.455+13%
Dividend Per Share--0.2480.2480%0.226+10%0.244+2%0.229+8%
Eps---0.125-0.1250%0.245-151%0.242-152%0.401-131%
Free Cash Flow Per Share--0.2130.2130%0.244-13%0.088+144%0.171+25%
Free Cash Flow To Equity Per Share---0.196-0.1960%0.077-353%-0.031-84%0.082-338%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--4.782--------
Intrinsic Value_10Y_min--0.131--------
Intrinsic Value_1Y_max--0.238--------
Intrinsic Value_1Y_min--0.069--------
Intrinsic Value_3Y_max--0.898--------
Intrinsic Value_3Y_min--0.161--------
Intrinsic Value_5Y_max--1.780--------
Intrinsic Value_5Y_min--0.200--------
Market Cap8888291348.4800%8895808000.0008895808000.0000%8048460000.000+11%9374113235.840-5%9401299076.672-5%
Net Profit Margin---0.263-0.2630%0.575-146%0.579-145%1.039-125%
Operating Margin--0.6100.6100%0.625-2%0.557+9%0.597+2%
Operating Ratio--0.3900.3900%0.375+4%0.443-12%0.895-56%
Pb Ratio0.8260%0.8260.8260%0.701+18%0.835-1%0.984-16%
Pe Ratio-37.0660%-37.066-37.0660%17.150-316%-8.305-78%0.559-6726%
Price Per Share4.6400%4.6404.6400%4.200+10%4.872-5%4.897-5%
Price To Free Cash Flow Ratio21.7550%21.75521.7550%17.198+27%-584.812+2788%-282.643+1399%
Price To Total Gains Ratio-37.0520%-37.052-37.0520%27.921-233%-7.946-79%0.681-5544%
Quick Ratio--0.2330.2330%0.264-12%0.319-27%0.252-8%
Return On Assets---0.015-0.0150%0.027-154%0.027-154%0.057-126%
Return On Equity---0.022-0.0220%0.041-155%0.040-156%0.083-127%
Total Gains Per Share---0.125-0.1250%0.150-183%0.313-140%0.440-128%
Usd Book Value--7082006360.0007082006360.0000%7548847020.000-6%7383081420.000-4%6450715700.000+10%
Usd Book Value Change Per Share---0.245-0.2450%-0.050-80%0.045-644%0.139-277%
Usd Book Value Per Share--3.6943.6940%3.939-6%3.837-4%3.359+10%
Usd Dividend Per Share--0.1630.1630%0.149+10%0.160+2%0.151+8%
Usd Eps---0.082-0.0820%0.161-151%0.159-152%0.264-131%
Usd Free Cash Flow--268974420.000268974420.0000%307850400.000-13%110286748.000+144%214942728.000+25%
Usd Free Cash Flow Per Share--0.1400.1400%0.161-13%0.058+144%0.112+25%
Usd Free Cash Flow To Equity Per Share---0.129-0.1290%0.051-353%-0.020-84%0.054-338%
Usd Market Cap5846718049.0300%5851662502.4005851662502.4000%5294276988.000+11%6166291686.536-5%6184174532.635-5%
Usd Price Per Share3.0520%3.0523.0520%2.763+10%3.205-5%3.221-5%
Usd Profit---157872000.000-157872000.0000%308705540.000-151%305074484.000-152%506887524.000-131%
Usd Revenue--601163420.000601163420.0000%536764800.000+12%533067964.000+13%500375304.000+20%
Usd Total Gains Per Share---0.082-0.0820%0.099-183%0.206-140%0.290-128%
 EOD+0 -2MRQTTM+0 -0YOY+8 -275Y+12 -2310Y+15 -20

3.3 Fundamental Score

Let's check the fundamental score of GPT Group based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-37.066
Price to Book Ratio (EOD)Between0-10.826
Net Profit Margin (MRQ)Greater than0-0.263
Operating Margin (MRQ)Greater than00.610
Quick Ratio (MRQ)Greater than10.233
Current Ratio (MRQ)Greater than10.736
Debt to Asset Ratio (MRQ)Less than10.339
Debt to Equity Ratio (MRQ)Less than10.512
Return on Equity (MRQ)Greater than0.15-0.022
Return on Assets (MRQ)Greater than0.05-0.015
Total4/10 (40.0%)

3.4 Technical Score

Let's check the technical score of GPT Group based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5039.263
Ma 20Greater thanMa 504.768
Ma 50Greater thanMa 1004.932
Ma 100Greater thanMa 2004.709
OpenGreater thanClose4.610
Total2/5 (40.0%)

4. In-depth Analysis

4.1 About GPT Group

GPT is a vertically integrated diversified property group that owns and actively manages a portfolio of high quality Australian retail, office and logistics assets, with assets under management of $32.4 billion. The Group utilises its real estate management platform to enhance returns through property development and funds management.

Fundamental data was last updated by Penke on 2024-10-23 12:12:03.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is underpriced.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profit Gpt earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Gpt to the REIT - Diversified industry mean.
  • A Net Profit Margin of -26.3% means that $-0.26 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of GPT Group:

  • The MRQ is -26.3%. The company is making a huge loss. -2
  • The TTM is -26.3%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-26.3%TTM-26.3%0.0%
TTM-26.3%YOY57.5%-83.8%
TTM-26.3%5Y57.9%-84.1%
5Y57.9%10Y103.9%-46.0%
4.3.1.2. Return on Assets

Shows how efficient Gpt is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Gpt to the REIT - Diversified industry mean.
  • -1.5% Return on Assets means that Gpt generated $-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of GPT Group:

  • The MRQ is -1.5%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -1.5%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.5%TTM-1.5%0.0%
TTM-1.5%YOY2.7%-4.2%
TTM-1.5%5Y2.7%-4.2%
5Y2.7%10Y5.7%-3.0%
4.3.1.3. Return on Equity

Shows how efficient Gpt is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Gpt to the REIT - Diversified industry mean.
  • -2.2% Return on Equity means Gpt generated $-0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of GPT Group:

  • The MRQ is -2.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -2.2%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-2.2%TTM-2.2%0.0%
TTM-2.2%YOY4.1%-6.3%
TTM-2.2%5Y4.0%-6.2%
5Y4.0%10Y8.3%-4.3%
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4.3.2. Operating Efficiency of GPT Group.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

Measures how efficient Gpt is operating .

  • Measures how much profit Gpt makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Gpt to the REIT - Diversified industry mean.
  • An Operating Margin of 61.0% means the company generated $0.61  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of GPT Group:

  • The MRQ is 61.0%. The company is operating very efficient. +2
  • The TTM is 61.0%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ61.0%TTM61.0%0.0%
TTM61.0%YOY62.5%-1.5%
TTM61.0%5Y55.7%+5.3%
5Y55.7%10Y59.7%-4.0%
4.3.2.2. Operating Ratio

Measures how efficient Gpt is keeping operating costs low.

  • Below 1 is considered healthy (always compare to REIT - Diversified industry mean).
  • An Operation Ratio of 0.39 means that the operating costs are $0.39 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of GPT Group:

  • The MRQ is 0.390. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.390. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.390TTM0.3900.000
TTM0.390YOY0.375+0.015
TTM0.3905Y0.443-0.053
5Y0.44310Y0.895-0.452
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4.4.3. Liquidity of GPT Group.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Gpt is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to REIT - Diversified industry mean).
  • A Current Ratio of 0.74 means the company has $0.74 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of GPT Group:

  • The MRQ is 0.736. The company is unable to pay all its short-term debts. -2
  • The TTM is 0.736. The company is unable to pay all its short-term debts. -2
Trends
Current periodCompared to+/- 
MRQ0.736TTM0.7360.000
TTM0.736YOY0.508+0.228
TTM0.7365Y0.590+0.146
5Y0.59010Y0.574+0.016
4.4.3.2. Quick Ratio

Measures if Gpt is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Gpt to the REIT - Diversified industry mean.
  • A Quick Ratio of 0.23 means the company can pay off $0.23 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of GPT Group:

  • The MRQ is 0.233. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.233. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.233TTM0.2330.000
TTM0.233YOY0.264-0.031
TTM0.2335Y0.319-0.086
5Y0.31910Y0.252+0.067
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4.5.4. Solvency of GPT Group.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much % of Gpt assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Gpt to REIT - Diversified industry mean.
  • A Debt to Asset Ratio of 0.34 means that Gpt assets are financed with 33.9% credit (debt) and the remaining percentage (100% - 33.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of GPT Group:

  • The MRQ is 0.339. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.339. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.339TTM0.3390.000
TTM0.339YOY0.337+0.001
TTM0.3395Y0.315+0.024
5Y0.31510Y0.312+0.003
4.5.4.2. Debt to Equity Ratio

Measures if Gpt is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Gpt to the REIT - Diversified industry mean.
  • A Debt to Equity ratio of 51.2% means that company has $0.51 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of GPT Group:

  • The MRQ is 0.512. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.512. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.512TTM0.5120.000
TTM0.512YOY0.509+0.003
TTM0.5125Y0.461+0.051
5Y0.46110Y0.455+0.006
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Gpt generates.

  • Above 15 is considered overpriced but always compare Gpt to the REIT - Diversified industry mean.
  • A PE ratio of -37.07 means the investor is paying $-37.07 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of GPT Group:

  • The EOD is -37.066. Based on the earnings, the company is expensive. -2
  • The MRQ is -37.066. Based on the earnings, the company is expensive. -2
  • The TTM is -37.066. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-37.066MRQ-37.0660.000
MRQ-37.066TTM-37.0660.000
TTM-37.066YOY17.150-54.216
TTM-37.0665Y-8.305-28.761
5Y-8.30510Y0.559-8.865
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of GPT Group:

  • The EOD is 21.755. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 21.755. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is 21.755. Based on how much money comes from the company's main activities, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD21.755MRQ21.7550.000
MRQ21.755TTM21.7550.000
TTM21.755YOY17.198+4.558
TTM21.7555Y-584.812+606.567
5Y-584.81210Y-282.643-302.169
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price of Gpt is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to REIT - Diversified industry mean).
  • A PB ratio of 0.83 means the investor is paying $0.83 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of GPT Group:

  • The EOD is 0.826. Based on the equity, the company is cheap. +2
  • The MRQ is 0.826. Based on the equity, the company is cheap. +2
  • The TTM is 0.826. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.826MRQ0.8260.000
MRQ0.826TTM0.8260.000
TTM0.826YOY0.701+0.125
TTM0.8265Y0.835-0.009
5Y0.83510Y0.984-0.150
4.6.2. Total Gains per Share

4.7 Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of GPT Group.

4.8.2. Funds holding GPT Group

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-10-31Vanguard International Stock Index-Total Intl Stock Indx1.55-30248737--
2021-01-31DFA Investment Dimensions-DFA Int'l Real Estate Securities1.08-20967136--
2020-12-31Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund0.64-12446010--
2020-10-31Vanguard Global ex U.S. Real Estate Index Fund0.5-9776917--
2021-02-28iShares Core MSCI EAFE ETF0.44-8624126--
2021-02-28iShares MSCI Eafe ETF0.33000002-6439212--
2021-02-28iShares Global REIT ETF0.2-3969878--
2021-02-28Fidelity International Index Fund0.19-3772560--
2021-02-28JP Morgan ETF Tr-BetaBuilders Developed Asia ex-Japan ETF0.19-3613208--
2020-10-31Vanguard Intl Equity Index Fds-FTSE All World ex U.S. Index Fund0.18000001-3512412--
Total 5.30000003010337019600.0%
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5. Financial Statements




5.1. Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in AUD. All numbers in thousands.

Summary
Total Assets16,279,800
Total Liabilities5,513,600
Total Stockholder Equity10,766,200
 As reported
Total Liabilities 5,513,600
Total Stockholder Equity+ 10,766,200
Total Assets = 16,279,800

Assets

Total Assets16,279,800
Total Current Assets656,900
Long-term Assets15,474,100
Total Current Assets
Cash And Cash Equivalents 67,900
Short-term Investments 49,000
Net Receivables 91,200
Inventory 86,200
Total Current Assets  (as reported)656,900
Total Current Assets  (calculated)294,300
+/- 362,600
Long-term Assets
Property Plant Equipment 23,100
Long Term Investments 3,849,100
Intangible Assets 21,900
Long-term Assets Other 11,189,600
Long-term Assets  (as reported)15,474,100
Long-term Assets  (calculated)15,083,700
+/- 390,400

Liabilities & Shareholders' Equity

Total Current Liabilities892,600
Long-term Liabilities4,593,500
Total Stockholder Equity10,766,200
Total Current Liabilities
Short-term Debt 277,000
Short Long Term Debt 267,000
Accounts payable 178,800
Other Current Liabilities 713,800
Total Current Liabilities  (as reported)892,600
Total Current Liabilities  (calculated)1,436,600
+/- 544,000
Long-term Liabilities
Long term Debt 4,529,300
Capital Lease Obligations 36,400
Long-term Liabilities  (as reported)4,593,500
Long-term Liabilities  (calculated)4,565,700
+/- 27,800
Total Stockholder Equity
Common Stock8,858,400
Retained Earnings 1,894,700
Accumulated Other Comprehensive Income 13,100
Total Stockholder Equity (as reported)10,766,200
Total Stockholder Equity (calculated)10,766,200
+/-0
Other
Capital Stock8,858,400
Cash and Short Term Investments 67,900
Common Stock Shares Outstanding 1,917,200
Current Deferred Revenue-277,000
Liabilities and Stockholders Equity 16,279,800
Net Debt 4,764,800
Net Invested Capital 15,562,500
Net Working Capital -235,700
Property Plant and Equipment Gross 23,100
Short Long Term Debt Total 4,832,700



5.2. Balance Sheets Structured

Currency in AUD. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-312005-12-312004-12-312003-12-312002-12-312001-12-312000-12-311999-12-311998-12-311997-12-311996-12-311995-12-311994-12-311993-12-311992-12-311991-12-311990-12-311989-12-311987-12-31
> Total Assets 
1,296,203
1,756,741
1,901,809
1,663,010
1,757,715
1,811,406
2,068,838
2,189,907
3,359,592
3,733,600
4,060,500
4,779,700
5,467,600
6,343,800
6,696,600
7,695,100
9,097,000
10,431,700
12,001,900
13,966,900
13,029,800
9,163,400
9,751,700
9,278,800
9,343,200
9,432,200
10,159,100
11,006,500
11,817,900
12,957,300
14,778,000
15,867,800
15,346,900
17,179,700
17,317,000
16,279,800
16,279,80017,317,00017,179,70015,346,90015,867,80014,778,00012,957,30011,817,90011,006,50010,159,1009,432,2009,343,2009,278,8009,751,7009,163,40013,029,80013,966,90012,001,90010,431,7009,097,0007,695,1006,696,6006,343,8005,467,6004,779,7004,060,5003,733,6003,359,5922,189,9072,068,8381,811,4061,757,7151,663,0101,901,8091,756,7411,296,203
   > Total Current Assets 
271,605
282,260
214,242
136,000
146,131
41,682
66,980
45,449
46,287
73,100
69,400
168,200
106,600
133,700
98,500
104,600
123,300
279,700
2,275,700
1,189,900
1,740,500
748,800
850,500
666,000
444,600
393,400
190,800
474,700
224,000
191,000
231,500
258,800
699,900
525,200
664,600
656,900
656,900664,600525,200699,900258,800231,500191,000224,000474,700190,800393,400444,600666,000850,500748,8001,740,5001,189,9002,275,700279,700123,300104,60098,500133,700106,600168,20069,40073,10046,28745,44966,98041,682146,131136,000214,242282,260271,605
       Cash And Cash Equivalents 
259,329
267,131
201,333
124,153
138,247
33,809
56,744
34,733
18,213
39,500
41,900
124,000
33,900
69,000
45,600
44,000
50,900
93,700
58,800
350,300
961,900
40,300
41,100
42,000
159,900
278,700
72,400
69,300
56,300
49,900
58,700
104,200
372,500
61,500
60,200
67,900
67,90060,20061,500372,500104,20058,70049,90056,30069,30072,400278,700159,90042,00041,10040,300961,900350,30058,80093,70050,90044,00045,60069,00033,900124,00041,90039,50018,21334,73356,74433,809138,247124,153201,333267,131259,329
       Short-term Investments 
0
0
0
0
0
0
0
0
0
12,900
-3,887,100
0
-4,894,200
-5,355,200
-6,528,100
-7,489,800
0
17,300
1,000
0
0
0
200
100
5,100
0
3,500
0
0
3,400
1,500
7,100
19,200
1,400
60,800
49,000
49,00060,8001,40019,2007,1001,5003,400003,50005,1001002000001,00017,3000-7,489,800-6,528,100-5,355,200-4,894,2000-3,887,10012,900000000000
       Net Receivables 
12,276
15,129
12,909
11,847
7,884
7,873
10,236
10,716
28,074
20,700
27,500
44,200
64,800
53,500
39,700
46,000
58,900
136,500
157,100
271,200
261,500
60,100
62,000
142,700
71,700
19,100
14,900
9,200
7,500
48,400
51,400
83,700
86,200
205,700
224,900
91,200
91,200224,900205,70086,20083,70051,40048,4007,5009,20014,90019,10071,700142,70062,00060,100261,500271,200157,100136,50058,90046,00039,70053,50064,80044,20027,50020,70028,07410,71610,2367,8737,88411,84712,90915,12912,276
       Other Current Assets 
0
0
0
0
0
0
0
0
3,968
-12,900
2,300
0
7,900
11,200
13,200
14,600
13,500
27,300
2,052,500
164,000
62,900
648,400
747,400
481,300
213,000
95,600
103,500
396,200
155,700
80,900
90,400
-197,300
-512,300
-281,700
-298,500
-245,300
-245,300-298,500-281,700-512,300-197,30090,40080,900155,700396,200103,50095,600213,000481,300747,400648,40062,900164,0002,052,50027,30013,50014,60013,20011,2007,90002,300-12,9003,96800000000
   > Long-term Assets 
1,024,598
1,474,481
1,687,567
1,527,010
1,611,584
1,769,724
2,001,858
2,144,458
3,313,305
3,660,500
3,991,100
4,611,500
5,361,000
6,210,100
6,598,100
7,590,500
8,973,700
10,152,000
9,726,200
12,777,000
11,289,300
8,414,600
8,901,200
8,612,800
8,898,600
8,850,700
9,724,200
10,303,100
11,451,100
12,606,000
14,413,100
15,498,700
14,584,500
16,540,100
16,463,900
15,474,100
15,474,10016,463,90016,540,10014,584,50015,498,70014,413,10012,606,00011,451,10010,303,1009,724,2008,850,7008,898,6008,612,8008,901,2008,414,60011,289,30012,777,0009,726,20010,152,0008,973,7007,590,5006,598,1006,210,1005,361,0004,611,5003,991,1003,660,5003,313,3052,144,4582,001,8581,769,7241,611,5841,527,0101,687,5671,474,4811,024,598
       Property Plant Equipment 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
689,100
891,900
1,221,300
599,700
21,300
5,700
12,800
10,700
6,690,700
7,107,900
7,386,900
7,958,400
8,755,600
10,141,500
62,100
51,200
39,900
34,500
23,100
23,10034,50039,90051,20062,10010,141,5008,755,6007,958,4007,386,9007,107,9006,690,70010,70012,8005,70021,300599,7001,221,300891,900689,10000000000000000000
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,300
0
121,800
35,200
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000035,200121,80007,30000000000000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,109,300
2,572,600
2,880,700
3,120,200
3,562,900
3,905,900
4,543,000
3,723,800
4,067,900
4,098,300
3,849,100
3,849,1004,098,3004,067,9003,723,8004,543,0003,905,9003,562,9003,120,2002,880,7002,572,6002,109,3000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,300
74,100
69,100
13,400
16,200
51,800
51,300
49,900
50,700
43,700
35,500
35,300
30,900
26,800
35,300
24,800
13,000
24,500
21,900
21,90024,50013,00024,80035,30026,80030,90035,30035,50043,70050,70049,90051,30051,80016,20013,40069,10074,10028,30000000000000000000
       Long-term Assets Other 
1,024,598
1,444,072
1,631,391
1,394,609
1,469,504
1,602,093
1,798,277
1,963,966
204,663
0
0
4,347,100
4,894,200
5,355,200
6,528,100
7,489,800
8,866,200
7,962,500
5,228,600
7,828,500
7,856,900
6,115,700
6,690,900
6,652,900
6,792,400
-25,000
-32,400
-30,200
-7,500
-16,900
-20,100
10,299,900
10,289,800
11,927,300
11,873,900
11,189,600
11,189,60011,873,90011,927,30010,289,80010,299,900-20,100-16,900-7,500-30,200-32,400-25,0006,792,4006,652,9006,690,9006,115,7007,856,9007,828,5005,228,6007,962,5008,866,2007,489,8006,528,1005,355,2004,894,2004,347,10000204,6631,963,9661,798,2771,602,0931,469,5041,394,6091,631,3911,444,0721,024,598
> Total Liabilities 
62,145
66,528
82,066
81,439
204,887
220,233
267,454
250,816
497,276
566,500
551,100
923,900
944,000
1,505,100
1,623,000
2,379,600
3,003,600
4,058,400
4,559,800
5,671,500
6,217,500
2,495,000
2,797,200
2,492,400
2,467,000
2,717,400
3,227,400
3,481,400
3,535,700
3,851,400
4,677,400
4,541,200
4,469,400
5,506,400
5,841,100
5,513,600
5,513,6005,841,1005,506,4004,469,4004,541,2004,677,4003,851,4003,535,7003,481,4003,227,4002,717,4002,467,0002,492,4002,797,2002,495,0006,217,5005,671,5004,559,8004,058,4003,003,6002,379,6001,623,0001,505,100944,000923,900551,100566,500497,276250,816267,454220,233204,88781,43982,06666,52862,145
   > Total Current Liabilities 
48,485
63,268
68,506
68,079
74,387
100,233
97,454
250,816
127,276
301,500
196,100
450,900
529,000
1,050,100
618,000
1,027,600
1,376,600
2,015,000
1,893,300
1,868,800
1,746,000
1,907,800
250,800
732,000
393,000
547,500
374,000
422,600
457,600
450,400
957,200
971,300
742,700
1,060,400
1,308,800
892,600
892,6001,308,8001,060,400742,700971,300957,200450,400457,600422,600374,000547,500393,000732,000250,8001,907,8001,746,0001,868,8001,893,3002,015,0001,376,6001,027,600618,0001,050,100529,000450,900196,100301,500127,276250,81697,454100,23374,38768,07968,50663,26848,485
       Short-term Debt 
200
200
200
200
2,860
0
0
170,000
5,000
180,000
70,000
300,000
347,000
818,000
356,000
775,000
1,071,600
1,588,600
1,630,000
1,196,900
547,000
1,699,900
34,300
512,600
211,000
205,000
7,000
6,700
48,800
19,900
516,000
484,900
526,500
810,500
713,500
277,000
277,000713,500810,500526,500484,900516,00019,90048,8006,7007,000205,000211,000512,60034,3001,699,900547,0001,196,9001,630,0001,588,6001,071,600775,000356,000818,000347,000300,00070,000180,0005,000170,000002,860200200200200
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,373,100
2,862,800
3,063,900
48,800
19,900
516,000
478,100
519,000
802,400
704,900
267,000
267,000704,900802,400519,000478,100516,00019,90048,8003,063,9002,862,8002,373,1000000000000000000000000000
       Accounts payable 
6,406
6,148
7,715
8,682
28,696
47,650
50,730
31,737
52,268
54,600
51,300
62,300
96,000
138,700
160,600
147,300
180,800
241,200
215,400
321,700
270,000
156,700
157,100
167,500
144,400
122,700
128,800
152,800
133,100
124,500
128,000
129,900
108,500
157,700
198,400
178,800
178,800198,400157,700108,500129,900128,000124,500133,100152,800128,800122,700144,400167,500157,100156,700270,000321,700215,400241,200180,800147,300160,600138,70096,00062,30051,30054,60052,26831,73750,73047,65028,6968,6827,7156,1486,406
       Other Current Liabilities 
8,862
11,299
10,895
9,038
4,885
52,583
46,724
2,392
3,970
5,300
5,800
88,600
98,800
105,300
115,900
117,200
8,200
185,200
47,900
350,200
929,000
18,400
8,200
2,600
37,600
424,800
245,200
269,800
324,500
325,900
829,200
841,400
634,200
902,700
1,110,400
713,800
713,8001,110,400902,700634,200841,400829,200325,900324,500269,800245,200424,80037,6002,6008,20018,400929,000350,20047,900185,2008,200117,200115,900105,30098,80088,6005,8005,3003,9702,39246,72452,5834,8859,03810,89511,2998,862
   > Long-term Liabilities 
13,660
3,260
13,560
13,360
130,500
120,000
170,000
201,737
370,000
265,000
355,000
473,000
415,000
455,000
1,005,000
1,352,000
1,627,000
2,043,400
2,666,500
3,802,700
4,471,500
587,200
2,546,400
1,760,400
2,074,000
2,168,100
2,851,400
3,056,900
3,076,300
3,398,700
3,719,100
3,514,900
3,678,000
4,398,900
4,494,000
4,593,500
4,593,5004,494,0004,398,9003,678,0003,514,9003,719,1003,398,7003,076,3003,056,9002,851,4002,168,1002,074,0001,760,4002,546,400587,2004,471,5003,802,7002,666,5002,043,4001,627,0001,352,0001,005,000455,000415,000473,000355,000265,000370,000201,737170,000120,000130,50013,36013,5603,26013,660
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,941,300
2,947,800
3,280,700
3,598,900
3,473,200
3,616,000
4,382,900
4,384,400
0
04,384,4004,382,9003,616,0003,473,2003,598,9003,280,7002,947,8002,941,300000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
98,800
105,300
115,900
117,200
124,200
174,200
38,300
324,600
929,000
152,200
155,400
179,400
177,700
272,100
2,000
1,900
1,800
2,300
434,500
0
0
0
0
0
00000434,5002,3001,8001,9002,000272,100177,700179,400155,400152,200929,000324,60038,300174,200124,200117,200115,900105,30098,800000000000000
> Total Stockholder Equity
1,234,058
1,690,213
1,819,743
1,581,571
1,552,828
1,591,173
1,801,384
1,939,091
2,862,316
3,167,100
3,509,400
3,855,800
4,523,600
4,838,700
5,073,600
5,315,500
6,093,400
6,090,600
7,136,700
8,293,200
6,810,800
6,668,400
6,954,500
7,389,200
6,876,200
6,714,800
6,931,700
7,525,100
8,282,200
9,105,900
10,100,600
11,326,600
10,877,500
11,673,300
11,475,900
10,766,200
10,766,20011,475,90011,673,30010,877,50011,326,60010,100,6009,105,9008,282,2007,525,1006,931,7006,714,8006,876,2007,389,2006,954,5006,668,4006,810,8008,293,2007,136,7006,090,6006,093,4005,315,5005,073,6004,838,7004,523,6003,855,8003,509,4003,167,1002,862,3161,939,0911,801,3841,591,1731,552,8281,581,5711,819,7431,690,2131,234,058
   Common Stock
756,732
966,223
1,017,055
1,052,721
1,076,773
1,148,013
1,233,687
1,420,804
2,399,041
2,715,300
2,980,000
3,855,800
3,970,500
4,194,000
4,400,800
4,400,800
4,598,500
4,296,000
4,391,500
4,966,100
6,850,300
8,480,000
8,480,000
8,030,200
8,205,300
7,939,700
7,904,400
8,034,700
8,129,800
8,140,500
8,151,600
9,005,200
9,005,200
8,858,400
8,858,400
8,858,400
8,858,4008,858,4008,858,4009,005,2009,005,2008,151,6008,140,5008,129,8008,034,7007,904,4007,939,7008,205,3008,030,2008,480,0008,480,0006,850,3004,966,1004,391,5004,296,0004,598,5004,400,8004,400,8004,194,0003,970,5003,855,8002,980,0002,715,3002,399,0411,420,8041,233,6871,148,0131,076,7731,052,7211,017,055966,223756,732
   Retained Earnings 
408
482
357
9
363
55
617
707
938
600
1,300
500
300
500
700
7,600
8,600
1,778,400
2,724,100
3,321,200
-427,500
-1,863,200
-1,490,800
-625,800
-1,363,700
-1,259,000
-996,000
-524,800
124,100
949,000
1,944,600
2,307,600
1,900,300
2,812,900
2,613,400
1,894,700
1,894,7002,613,4002,812,9001,900,3002,307,6001,944,600949,000124,100-524,800-996,000-1,259,000-1,363,700-625,800-1,490,800-1,863,200-427,5003,321,2002,724,1001,778,4008,6007,6007005003005001,300600938707617553639357482408
   Accumulated Other Comprehensive Income 
429,715
723,508
802,331
528,841
475,692
443,105
567,080
517,580
462,337
451,200
528,100
517,400
552,800
644,200
672,100
907,100
1,486,300
16,200
21,100
5,900
388,000
51,600
-34,700
-15,200
34,600
34,100
23,300
15,200
28,300
16,400
4,400
13,800
-28,000
2,000
4,100
13,100
13,1004,1002,000-28,00013,8004,40016,40028,30015,20023,30034,10034,600-15,200-34,70051,600388,0005,90021,10016,2001,486,300907,100672,100644,200552,800517,400528,100451,200462,337517,580567,080443,105475,692528,841802,331723,508429,715
   Capital Surplus 000000000000000000000000000000000000
   Treasury Stock0000000000-100-300-600-3,200-3,900-4,10000000000000000000000
   Other Stockholders Equity 
47,203
723,508
802,331
528,841
475,692
443,105
567,080
517,580
0
451,200
528,100
-517,900
552,800
644,200
0
0
0
0
0
0
0
0
0
0
0
34,100
23,300
0
0
0
-15,200
0
-29,300
-2,400
0
0
00-2,400-29,3000-15,20000023,30034,10000000000000644,200552,800-517,900528,100451,2000517,580567,080443,105475,692528,841802,331723,50847,203



5.3. Balance Sheets

Currency in AUD. All numbers in thousands.