Annual Report to Shareholders - Revision
Sydney, April 18, 2017 AEST (ABN Newswire) - The Directors of Chapmans Limited (
ASX:CHP) (Chapmans, the Company) have today reissued the Annual Report to Shareholders for the year ended 31 December 2016.
The Directors have determined that a revision to the annual report was necessary. This is the Company's first reporting period where the Company has been classified as an investment entity and the accounting standards for an investment entity are complex.
The revision relates to identified adjustments after further consideration was given to the application of the accounting standards for an investment entity.
The effect of the revision is as follows:
------------------------------------------------------------------ Report lodged Report lodged Movement 31 March 2017 13 April 2017------------------------------------------------------------------Revenue $3,254,487 $4,200,614 $946,127------------------------------------------------------------------Profit before income tax expense $911,879 $1,858,007 $946,128------------------------------------------------------------------Total comprehensive income for the year attributable to the owners of Chapmans Ltd $911,879 $1,858,007 $946,128------------------------------------------------------------------Earnings per share (cents per share) 0.054 0.111 0.057------------------------------------------------------------------Total assets $10,406,809 $11,352,947 $946,138------------------------------------------------------------------Net assets $10,060,280 $11,006,408 $946,128 ------------------------------------------------------------------
To view the revised annual report, please visit:
http://abnnewswire.net/lnk/2GF7P1F0
About Chapmans Limited
Chapmans Limited (ASX:CHP) is an ASX-listed diversified investment company engaged in special situation investments across a diverse range of industries, with a focus and expertise in the mobile and advanced industrial technology sectors. The Company seeks to be an active strategic investor in high growth areas of the market and to identify and work with emerging high growth companies. Chapmans' investment philosophy and approach are based on a unique mix of high conviction and special situation features, characterised by advisory and equity investments structured around specific events and assets for both public and large private corporates.
The Company made its first strategic investment into blockchain in 2017 and established the Blockchain Industry Advisory Board to identify and assess compelling blockchain investment opportunities. Chapmans' investment in blockchain technology aligns with its growth plans and commitment to investing in early stage technologies with reach into key international markets.
To learn more please visit: https://www.chapmansltd.com
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