PGG Wrightson Limited (PGW) intends to update the presentation of the
''Segment Report'' contained in its Financial Statements when it releases its
financial results for the year ended 30 June 2017. The updated presentation
will enhance the transparency of information regarding the financial
performance of PGW''s operating segments.
The updated presentation differs from previous reporting in two ways:
1. The reported operating segments will correspond to the reporting
structure announced earlier in the 2017 financial year. The Rural Services
segment is now split into two segments: Agency and Retail and Water. The
third segment remains Seed and Grain.
2. Approximately two-thirds of the costs that were reported in the
non-operating segment ''Other'' have been internally allocated across the three
operating segments.
PGW will announce its 2017 full year results on 8 August 2017. To
familiarise shareholders and the market with the new segment reporting format
prior to this results announcement, unaudited comparison data for the periods
1 July 2013 to 31 December 2016 are attached.
Note that the total PGW Group consolidated Revenues and Operating Earnings
Before Interest, Tax, Depreciation and Amortisation (Operating EBITDA) do not
change due to the new format.
Attachment:
o Segment Report, FY2013 to FY2016
o Segment Report, HY2013 to HY2016
Further information:
Peter Scott, Chief Financial Officer
Phone +64 3 3720810
End CA:00305134 For:PGW Type:GENERAL Time:2017-08-07 14:31:33