SUVA LAUTOKA

Slotemenllo lhe SouthPocificSfockExchonge
27thMatch 2014
COMMUNICATIONS
FIIItTD(CTM)ANNOUNCES
20]3 PROFIT
AND FINAI.
DIVIDEND
Regionol broodcosl conglomero'ie CommunicotionsFtji Ltd
o n n o u n c e dl o d o y o g r o u p o f t e r t o x p r o f i t o f $ 1 , 5 1 5 , 0 0(92 0 1 2
$2,21?,621).
Choirmon,Moll Wilsonsaidwhileihiswos o declinelrom lhe record
resultin 2012it wos stillthe secondhighestprofltin the compony's
history.
"Thereductionresultedlorgelyfrom o decreosein eorningsin
our
PopuoNewGuineonsubsidiary
PNGFMLtd",Mr Wilson
soid.
"ThePNGmorketwos offectedby o numberof issues.
Theseincluoeq
phoseof the LNG(Liquefied
windingdown of the constructlon
Naturol
Communications
FijiLimited
parenrcompanyor
FUI:Fl\,196,
Legend
FM,
Navla€rg,Rado Sargam
VlTl FM,Total
Ev€it Company,
CFLCinenDs& fijlvlllage.@m
PNGrNauFM,YumiFl'I
SUVA
HEAOOFFICE
231WamanuRd,S!vs,Fiji.
Privalo
lvai Bag,Suva
robphone: (679)3314766
Fd: (679)3303748
Webite: fiivilage.com
Gos)project,lowercommodiiyprlcesond o slumpin ihe volueof the
Kina. All these directly impocted on consumerspending ond
< ,h<a^,
ah+l\/ ^/{wa.fi.i.^"
A s m e n t i o n e idn t h e h a l fy e o ro n n o u n c e m e n
i ht e 2 0 1 3f o c u so f P N G
FMLtdwos on consolidotion
ond buidingmonogementsystems
for o
much exponded opero'tion.Thisprocessincluded comprehensive
internolond exiernclcudil workresulting
in c rbstotement
of 2012ond
"Theboordisconlideniihot ollthe nrotiersideniified
201I resulls.
hqve
beendeollwithond we expectPNGFMttd io de ivermuchimproved
resulls
in ihe neorfuiure",soidMr Wison.
LAUTOKA
1'rFloor,5 TukaniSlreel
AboveBankoi Barcda,Namoli
Hous Complex.
Lautoka
(679)6664966
Telephone:
Fd: (679)6664996
LABASA
10Rosawa
Sleet
rebphon€: (079)8812791
F.x: \679)8812177
www.fijivillage.com. Fiii's Homeon the World WideWeb
In Fijiihe CFLleom mointoineditsprofilobility,
revenueond oudience shorein
o chollenging morkei. The boord hod noted o significonlimprovemeni in
performcncein ihe firstquorterof 2014ond wos confident of o good result
ihisyeor.Thiswould be enhonced by o lowerlox roie of 10%.
Mr Wilsonsoid ihe group's biggeslinvesimeniover the lost iwo yeorswos in
P o r o d i s eC i n e m o sL t d i n P c p u o N e w G u i n e o . 2 0 l 3s o w o m u c h i m p r o v e d
performonce leoding io o subslontiollyreduced loss ol K690,984(2012:
K1,373,008).
Howeverihe compony showedo EBTDA
surpiusof K304,505.
Mr Wilsonsoid PNGFM Lid hod increosedils investmeniin PorodiseCinemos
during20l3lo finonce o second cinemo compiex."Thiswiil ollow us to coler
for o much wider morkel ond we expect this inveslmentto delivero profil
f r o m2 0 1 5' .
The Boardof CommunicotionsFijiLtd onnounced o finoldividendfor ihe yeor
ended December3l sr2013of 5 cenls per shore,loking ioiol dividendsfor'the
yeor lo 15 cenis per shore.Shoreswill go ex Benefilon April 8ih,the shore
regisferwill closeApril l6rhond dividendswill be disiribuiedon Apdl28rh.
WITIIAMPARKINSON
JYOTISOI.ANKI
MANAGINGDIRECTOR
GROUPFINANCIAL
CONTROLI.ER/
COMPANYSECRETARY
APPENIDIXF
A GUIDELINE ON DI\'IDEND ANNOUNCEMENT
COMMUMCATIONS FIJI LIMITED DECLARATION OF DIVIDEND
Cornmunication Fiji Limited is plesed to announce a 3rd Interim Dividend fo. the ]€ar ending
31'r December2013
D a t eo f C l o s u r eo f R e q i e t r v
Date ofEx-Benefit
l6- Apfli.l0l4
Date of Palment of Dividends
.18-April20l4
8' Apiil 2014
Dividendper rhare
Amount ofDivid€nd ($)
Ne! Profit Before Td
lncome ftom olher sources
t77.900
426,960
| 2.t91-787
2,049,449
i,217,056
t4.12t.757
3,219,648
95i-941
1,060,027
2,21q.621
534.440
1,515,009
CHAIRMAN/ CEItrI EXECUTIVf, OFFICER/ COMPANY StrCRETARY'S COMMI]NTS
i€FER TO ANNOUNCT_]\,iEN
t MADE {STATEMENT TO THE SOUTHPACITIC STOCKEXCI|{NCI)
Signed
Signed
a kl*'^
t
z.aaa'
tcta:ni.nail
(Managing
Directoo
'
I
AppendixD: FullYearFinancial
Statement
(FlJl)Lll',4lTED
Nameoi listed Compa.y:COMMUNICATIONS
and Subsidiary
(HalfYearReportcan be auditedo. !naudlied llaccouits areaudited,an auditstabhentneedsio be atiached)
PROFIT& LOSSSTATEMENT
FORFULLYEARENDED31 DECEMBER2013
CONSOLIDATEO
1. OPERATING
REVENUE
(a) saresRevenue
12.194787
(b) olher rcvenue
1 237 056
(c) TolalopelaungRevenue
3 (a)
after Tax
14121757
955 943
1 5 0 7 77 0 0
-38%
3,279,64E
i534,440)
-50%
r 0600271
1,515.009
-32%
2.219.621
2,049,449
(b) licome tax Expense
Net Proliulo$
29v.
1i.4i1 443
2. {a) Net ProfiuLossbeforeTax
(c)
-14./n
Eirkordiiary item afrertax
Net PfofiUloss after Tax & Ext.aordinary ltem
1,515.009
2,219,621
r.515.009
2.219.621
(c) Retai.edP.ontal Beginning
5,452,U4
3 , 8 3 72 8 3
(d) Total availablefo. approp.iation
6,967.053
6.056,904
{b)
4. (a) OEI in nel profiland exiGodinaryllemsafteriicome tax
(b) Net P.ofit/Lossafter Extraordinaryltem3and lncome Tax
Attfibutableto Me|nbeF oJthe Company
(e) Ord narydividendprcvidedior
(0
(604.460
1742.760)
Preference
dividendprovidedfor
(s) TransierlogeneraLrcseryes
(h) Totalapproprialions
(i)
Retajnedprofitatyearend
6144,293
13%
5.452.044
5. Eamings Per Share
0.43
(b) Dilutedeamingspersharc
'D€le1e as requiEd
.
-
/
" 2 " l l t1 2 '
-
;;i;;;;:
'
-32't
0.62
STATEMENT
OF ASSETS,LIABILITIES
AND SHAREHOLDERS'
EQUITY
FORFUIL YEARENDEO31 DECEI\IBER
2013
CONSOLIDATED
(b) r€de€eiwbres
(c)
orh€r rece vables
(e) shon-Gm inv*imeln
(,
orhe..sserE
(st rorarcurentksets
(rr) Prcpeny pEnrand €qurpmenr
(D
Lonsr€m investhenr
(k) Fdu€ Incomerd ben€fit
rdansibeasers
o
(m) orher finEncia asset
{n) rotal Non.cud€nt A.sets
7,
CURRENTLAAIjTES
(b) orher p.yab es and acctua 3
(c)
curcnr id riahribes
(d)
nlerest-b*ddq bonowinqs
(6) r€im roa. *crcd
(s) unsecu€dadvance
(h)
merempany oan
(i)
Emp.yee Beneft Liabililies
0
(!
orher dividend payable
Total cu@nt Liabiliti.s
NON-CURRENT
I,IAAILIIES
0)
rerm rGn secured
(m) UnsfruEdadvan@
(n) rdeFcompanyoan
(o) Deremdbx iablites
(4
Ttrr Non{un€nt riabitatjG
{a)
codribured equiry
osses
{c) Rebi.€dprcfls/accumur.ied
{d) Equity ^ttibutabl€ to M.mb€6
oEr in controrred Eirir:.s
(e)
coddbuied equiry
(D
Reseryes
(s)
R€iained prci1s/a@umur.1ediosses
{hl
rot r o utsrd€ Equity Inie@st in coniD llod Entiti.s
l;r
j:;/::"
STATEMENT
OF CASHFLOWS
FORFULLYEARENDED31 DECEIIiTBER
2013
CONSOLIDATED
9.
CASHFLOWFROMOPERATING
ACTIVTTIES
(a) cash Received
iromTradngaciivities
(b) CashPayments
13.336.923
tu.441.483
( 1 41 4 1 . 2 2 2 )
(9.940,8391
(c) Inie€stReceved
(d) DvidendRe€ived
(e) literestPaid
(D
IncomeTaxPaid
115.360)
4153.9811
1.306749)
(1.054.475)
1.774.592
3,332,188
1 161.273\
I882,320)
{s) NetVATPaid
(h) N€tcash hflow from OperatingActivities
10. CASHFLOWSFROMINVESTING
ACTIVITIES
(a) Acquisltion
of Fix€dAsseis
(b) Prcceeds
rrcmSae oi FixedAssels
35.950
160.391
(c) Acquisition
oi Invesimenl
(d) Loig TennDeposii
(e) AudioMsualPrcducllon
(t
Prcceeds
fromSaieofAssociale
(g) lrvestmentinjolitveit!re
100.000
1 2 50 0 0
199.6481
'|,224,971
1.596.929)
(a) Dividend
Paid
(8539201
{39r380
(b) RepaymentolSecuedLoan
(359.449
(611 8791
{h} Net cash {outflow) rrom hvestins A6tivities
,I'. CASHFLOWSFROIIiI
FINANCING
ACTIVITIES
(6) PfoceedrromlssueolShares
(d) Proceeds
fom Borowings
(e) Repaymenl
or LeasePrincipal
{,
Advanceto e atedpairy
{s) NetCash{outflow)/lnaowftom FinancinsActivities
(654781
(71,331
i58.9621
Q44,511
{'t,337.809t
1.315.101
{789.188)
't,080,685
420.158
(b) Effectsof exchange
6te changeson openinscashbalances
{69,432)
95,748
(c) cash(overdEn)st endofyear
222.065
12. NETINCREASE/(DECREASE}
IN CASHHELD
(a) cash/(overdmfr)
at beglininsofyear
'De eie as FqurEd
,/r!
L:.:.t.;.--
/,-//'
564,779
1.080,685