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| Results of regional financial benchmarking survey released |
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22 September 2004 |
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In 2004 the analysis of the annual financial benchmarking survey was extended to include the Fleurieu Peninsula, Margaret River and Hunter Valley wine regions. The annual financial benchmarking survey compares data from the three winegrowing regions in 2003, both to each other and to the results of Australian wineries with revenue of up to $10 million. It found that Fleurieu Peninsula wineries generated earnings before tax of 12.2 percent of revenue, compared to 7.8 percent for the Margaret River region in south-west Western Australia and 6 percent for the Hunter... |
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| Margaret River edged out in wine profit survey |
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22 September 2004 |
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Western Australia’s Margaret River region has been pipped by the South Australian Fleurieu Peninsula but has finished ahead of the Hunter Valley as the more profitable winegrowing region, in a major financial survey. The annual financial benchmarking survey compares data from the three winegrowing regions in 2003, comparing the results of Australian wineries with revenue of up to $10 million. It found that Fleurieu Peninsula wineries generated earnings before tax of 12.2 percent of revenue, compared to 7.8 percent for the Margaret River region in south-west... |
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| James Hardie Asbestos Inquiry |
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21 September 2004 |
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Trowbridge said today the report of the Special Commission of Inquiry into the Medical Research and Compensation Foundation emphasised the importance of providing full and truthful briefings to experts asked to prepare professional advice. The Commissioner, David Jackson Q.C., found that James Hardie Industries Limited (JHIL) used the Trowbridge Report in a way that was "misleading and deceptive". The Commissioner found that the Trowbridge Report was not commissioned for the purpose of establishing a separate foundation with a closed fund to provide for the claims... |
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| A-IFRS will complicate M&A activity, according to Deloitte Corporate Finance |
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20 September 2004 |
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A-IFRS will make capital raisings and M&A activity far more complicated for companies, their stakeholders and advisers, according to Deloitte Corporate Finance Head of Deloitte Corporate Finance, Mr Ian Thatcher, says, "the new A-IFRS standards include a number of areas which will add complexity to the planning and communication processes which companies must address from a risk management point of view. "Whilst valuation fundamentals will not change under A-IFRS, greater earnings volatility will make the earnings per share impact of acquisitions harder to... |
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| Australian gold industry investment hits $8 billion |
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15 September 2004 |
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Australia’s gold mining industry will spend more than $8.1 billion on total investment capital works, exploration and operational activities in 2004-5, according to a gold industry survey released today. The 2004 Australian Gold Council-Deloitte Gold Investment Survey revealed that regional areas would benefit from more than $7.7 billion of gold industry investment in 2004-5. The $8.1 billion investment forecast for 2004-5 represents an overall increase of five percent on 2003-4 investment levels, and is dominated by a sharp increase in operational... |
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| IFRS may take its toll on dividend policies, says Deloitte |
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02 September 2004 |
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Companies that declare their intended dividend payouts before they announce their 30 June 2006 end-of-year profits may be tripped up by the onset of international financial reporting standards, according to global professional services firm Deloitte. Deloitte Partner Debbie Hankey says companies may be forced to review their dividend policies in the face of greater expected volatility in profit results. Ms Hankey said the introduction of Australian equivalents to International Financial Reporting Standards (A-IFRS), to be fully implemented by 30 June 2006 but earlier for December year-end entities, could have a... |
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| ATO draft ruling on offshore borrowing welcome, but more work needed |
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01 September 2004 |
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A draft tax ruling issued by the Australian Taxation Office today provides welcome guidance on offshore borrowing by Australian banks and other corporates, but further clarification is needed on the issue of borrowing through subsidiaries of offshore institutions, according to Deloitte. The draft ruling relates to an exemption from Australian interest withholding tax (IWT) on borrowings by Australians from UK and US financial institutions. The exemption lowers the cost of borrowing from these countries, as borrowers normally bear the cost of IWT on offshore debt. Deloitte International Tax Partner Craig Saunders... |
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| Family businesses predicts strong growth in manufacturing and retail |
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01 September 2004 |
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Family Businesses are projecting annual growth rates of between six and twenty percent according to a survey conducted by Deloitte Growth Solutions. The survey of about 100 family businesses was conducted at the 2004 Family Business Australia (FBA) National Conference held recently on the Gold Coast. Strong growth rates and an optimistic outlook was prevalent in the manufacturing and retail sectors of family businesses surveyed, with the sectors predicting growth of almost twenty percent and thirty percent respectively over the next 12 months. This strong growth rate matched the fact that seventy five percent of... |
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| Deloitte Businesswoman of the Year announced |
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25 August 2004 |
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Newly appointed Brisbane partner Lucille Halloran has been announced as the first ever winner of the national Deloitte Businesswoman of the Year award. She was joined by Amanda Marshall from Deloitte’s Adelaide office who also won the award for her work as a Senior Analyst in Business Solutions. The Deloitte Businesswoman of the Year Award is a national competition that showcases, celebrates and recognises women within Deloitte who have achieved outstanding success and are inspirational role models. Deloitte employs 1300 woman nationally and selected 2 winners... |
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| JP Morgan/Deloitte General Insurance Survey |
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04 August 2004 |
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JP Morgan and Deloitte survey is an analysis of the Australian General Insurance industry to ascertain the change in premium rates at the peak June renewal/new business season. The report showed the domestic lines of insurance recorded the smallest increase in the survey’s 12-year history and that the commercial lines premium rates have started to decline. Please see attached the executive summary and release. |
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