AFI – NTA and Top 25 Investments as at 31 December 2016
6 January 2017
The Manager
ASX Market Announcements
Australian Securities Exchange
Exchange Centre
Level 4
20 Bridge Street
Sydney NSW 2000
Electronic Lodgement
Australian Foundation Investment Company Limited
Monthly Net Tangible Asset Backing Per Share and Top 25 Investments
Dear Sir / Madam
Before Tax * After Tax *
31 December 2016 $5.83 $5.01
30 November 2016 $5.60 $4.85
*The before and after tax numbers relate to the provision for deferred tax on the
unrealised gains in the Company’s investment portfolio. The Company is a long term
investor and does not intend disposing of its total long term investment portfolio. Under
current Accounting Standards, the Company is required to provide for tax on any gains
that may arise on such a theoretical disposal, after the utilisation of brought forward
losses.
These figures do not include the effects of any dilution that would arise from the
conversion of the outstanding Convertible Notes.
These figures are subject to external review by the auditors.
Attached is a list of the Company’s Top 25 Investments as at 31 December 2016.
Yours faithfully
Andrew Porter
Company Secretary
AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED
Total Value
$ million
1CBA Commonwealth Bank of Australia651.0
2WBC Westpac Banking Corporation506.8
3BHP BHP Billiton350.6
4* NAB National Australia Bank306.0
5WES Wesfarmers283.3
6TLS Telstra Corporation267.5
7* ANZ Australia and New Zealand Banking Group263.4
8RIO Rio Tinto218.7
9TCL Transurban Group189.2
10AMC Amcor183.9
11* CSL CSL178.5
12* BXB Brambles155.7
13WOW Woolworths122.1
14OSH Oil Search118.2
15AGL AGL Energy112.0
16WPL Woodside Petroleum102.3
17AMP AMP101.3
18QBE QBE Insurance Group97.8
19RHC Ramsay Health Care96.6
20* IPL Incitec Pivot80.2
21QUB Qube Holdings77.5
22* TWE Treasury Wine Estates73.4
23HSO Healthscope68.7
24* JHX James Hardie Industries68.1
25* MQG Macquarie Group60.5
4,733.3
As % of Total Portfolio Value 70.1%
(excludes Cash)
* Indicates that options were outstanding against part of the holding
TOP 25 INVESTMENTS AS AT 31/12/2016
Valued at closing prices at 30 December 2016
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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