Trend statement
1 On 23 March 2001 Fletcher Challenge Limited - Building Operations, a targeted share of Fletcher Challenge Limited became a stand alone publicly listed company, Fletcher Building Limited. The proforma accounts consolidate the results of both entities for the year.
2 In the year ended 30 June 2001 the results of the Distribution division were included on an equity accounted basis. In the 2002 year the results were for 15 months on a consolidated basis.
3 For the year ended 30 June 2001, capital notes were treated as a component of equity. Interest on the capital notes of $16m after tax was previously recorded as a distribution from equity, rather than in funding costs. This has been restated.
4 The Laminex group was acquired on 13 November 2002.
5 The Tasman Building Products group was acquired on 30 September 2003. The balance sheet at June 2004 has been restated under NZ IFRS.
6 The Amatek Holdings group was acquired on 1 March 2005. The results for June 2005 have been restated under NZ IFRS.
7 The Formica Corporation group was acquired on 2 July 2007.
8 EBIT / Average (net debt + equity + capital notes - deferred tax asset).
9 Net earnings/average shareholders' funds.