Rural Funds Group
ASX:RFF
Income Statement
Earnings Waterfall
Rural Funds Group
Revenue
|
104.2m
AUD
|
Cost of Revenue
|
-33.5m
AUD
|
Gross Profit
|
70.7m
AUD
|
Operating Expenses
|
-16.9m
AUD
|
Operating Income
|
53.9m
AUD
|
Other Expenses
|
29.8m
AUD
|
Net Income
|
83.7m
AUD
|
Income Statement
Rural Funds Group
Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||
Revenue |
17
N/A
|
22
+31%
|
22
+0%
|
24
+8%
|
27
+11%
|
34
+27%
|
42
+23%
|
46
+11%
|
51
+11%
|
52
+2%
|
56
+7%
|
63
+13%
|
67
+6%
|
68
+2%
|
68
-1%
|
72
+7%
|
82
+13%
|
91
+11%
|
95
+4%
|
104
+10%
|
|
Gross Profit | |||||||||||||||||||||
Cost of Revenue |
(1)
|
(1)
|
0
|
0
|
(1)
|
0
|
(1)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(8)
|
(15)
|
(18)
|
(28)
|
(28)
|
(33)
|
|
Gross Profit |
16
N/A
|
21
+35%
|
22
+4%
|
0
N/A
|
25
N/A
|
0
N/A
|
40
N/A
|
44
+10%
|
50
+13%
|
51
+2%
|
54
+7%
|
61
+13%
|
65
+6%
|
66
+2%
|
60
-10%
|
57
-4%
|
64
+12%
|
63
-1%
|
67
+6%
|
71
+6%
|
|
Operating Income | |||||||||||||||||||||
Operating Expenses |
3
|
(7)
|
(5)
|
(4)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(13)
|
(10)
|
(12)
|
(12)
|
(11)
|
(7)
|
(5)
|
(10)
|
(12)
|
(12)
|
(17)
|
|
Selling, General & Administrative |
(6)
|
(6)
|
(5)
|
(5)
|
(3)
|
(5)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(10)
|
(10)
|
(6)
|
(4)
|
(7)
|
(6)
|
(9)
|
(9)
|
|
Depreciation & Amortization |
(4)
|
(4)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(7)
|
(7)
|
(12)
|
(14)
|
|
Other Operating Expenses |
14
|
3
|
1
|
1
|
(3)
|
(1)
|
(2)
|
(2)
|
(2)
|
(5)
|
(1)
|
(2)
|
(0)
|
1
|
0
|
(0)
|
4
|
1
|
9
|
6
|
|
Operating Income |
19
N/A
|
15
-23%
|
18
+18%
|
20
+13%
|
19
-6%
|
25
+37%
|
32
+25%
|
35
+11%
|
41
+15%
|
38
-7%
|
44
+17%
|
49
+12%
|
53
+7%
|
55
+4%
|
53
-4%
|
52
-2%
|
54
+4%
|
52
-4%
|
55
+7%
|
54
-2%
|
|
Pre-Tax Income | |||||||||||||||||||||
Interest Income Expense |
(14)
|
(5)
|
(11)
|
(11)
|
(18)
|
(12)
|
13
|
9
|
(8)
|
(8)
|
(16)
|
(7)
|
(7)
|
(8)
|
41
|
55
|
158
|
172
|
43
|
33
|
|
Non-Reccuring Items |
(2)
|
(1)
|
3
|
0
|
0
|
0
|
0
|
0
|
(2)
|
3
|
9
|
3
|
(1)
|
(3)
|
(6)
|
(7)
|
(2)
|
1
|
(5)
|
(4)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
4
|
37
|
33
|
0
|
0
|
0
|
1
|
1
|
|
Total Other Income |
0
|
(0)
|
0
|
(0)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
3
N/A
|
9
+176%
|
9
+1%
|
9
-2%
|
0
-95%
|
14
+3 144%
|
45
+217%
|
45
-1%
|
31
-31%
|
33
+8%
|
37
+11%
|
45
+22%
|
49
+9%
|
81
+65%
|
120
+49%
|
101
-16%
|
210
+109%
|
225
+7%
|
94
-58%
|
85
-10%
|
|
Net Income | |||||||||||||||||||||
Tax Provision |
17
|
18
|
1
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(5)
|
(4)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
1
|
0
|
(1)
|
|
Income from Continuing Operations |
20
|
28
|
10
|
10
|
(0)
|
13
|
43
|
43
|
30
|
32
|
32
|
41
|
48
|
79
|
120
|
99
|
209
|
225
|
94
|
84
|
|
Net Income (Common) |
20
N/A
|
28
+37%
|
10
-63%
|
10
-4%
|
(0)
N/A
|
13
N/A
|
43
+229%
|
43
-1%
|
30
-30%
|
34
+15%
|
33
-3%
|
41
+24%
|
49
+19%
|
79
+61%
|
120
+51%
|
99
-17%
|
209
+110%
|
225
+8%
|
94
-58%
|
84
-11%
|
|
EPS (Diluted) |
0.23
N/A
|
0.2
-13%
|
0.08
-60%
|
0.07
-13%
|
0
N/A
|
0.06
N/A
|
0.21
+250%
|
0.16
-24%
|
0.12
-25%
|
0.11
-8%
|
0.1
-9%
|
0.12
+20%
|
0.14
+17%
|
0.23
+64%
|
0.35
+52%
|
0.28
-20%
|
0.55
+96%
|
0.59
+7%
|
0.25
-58%
|
0.22
-12%
|