Half year report provided

HALF YEAR
2017
REPORT

2 | RYMAN HEALTHCARE ANNUAL REPORT 2015
RYMAN HEALTHCARE HALF YEAR REPORT 2017
CONTENTS
Highlights 1
Report to Shareholders 2-7
Financial Statements 8-15
Village Directory 16
Front cover: Chris Beckett, a senior caregiver at Ngaio Marsh Retirement Village,
with Group Operations Manager Barbara Reynen-Rose. Chris has been with Ryman
for 18 years, and Barbara has just celebrated 25 years with the company.
Below: Charles Upham independent apartment residents Vic and Annette Thompson.

RYMAN HEALTHCARE ANNUAL REPORT 2015 | 1
RYMAN HEALTHCARE HALF YEAR REPORT 2017 | 1
• Underlying profi t up 11.4% to $85.2 million
• Reported (IFRS) profi t up 8.4% to $202.6 million
• Interim dividend lifted to 9.5 cents per share
• Full year underlying profi t expected to be between $195-$210 million
(+9% to +18%)
• Total assets $5.3 billion, up 19% on September last year
• Seventh site in Victoria secured, 14 new villages in the pipeline
• Continued investment in people and systems to support long term growth
and to improve the resident experience
2014 HIGHLIGHTS
1 Includes both retirement village units and resthome/hospital beds.
2 Includes Mount Martha site which went unconditional in October 2017.
KEY STATISTICS
30 Sept 17
Six Months
30 Sept 16
Six Months
31 March 17
Twelve Months
Underlying Profi t
$million
85.276.5178.3
Reported Profi t
$million
202.6187.0356.7
Operating Cash Flows
$million
175.1161.2322.8
Net Assets
$million
1,8051,46 31,652
Dividend per Share
cents
9.58.517.8
Sales of Occupation Right Agreements
Existing Units
number
394351718
New Units
number
15724 3600
Completed Facilities
number
9,3418,9319,249
Landbank

(to be developed)
1
number
5,640
2
5,1655,554
2017 HIGHLIGHTS

2 | RYMAN HEALTHCARE ANNUAL REPORT 2015
REPORT TO SHAREHOLDERS
2 | RYMAN HEALTHCARE HALF YEAR REPORT 2017
We are pleased to report a good fi rst half, with great progress in the resident and staff
experience, and 14 new villages in the pipeline.
Ryman Healthcare’s underlying profi t rose 11.4% to $85.2 million thanks to continued
growth in resale volumes and demand, and the company has secured its seventh site
in Victoria.
Ryman shareholders will receive an increased interim dividend of 9.5 cents per share,
in line with the growth in underlying profi t. The dividend will be paid on December 8,
and the record date for entitlements is December 1.
Strong gains from the resale of occupancy rights drove the result, as our unique
villages and high-quality care offering continued to be in strong demand.
We are in a very strong fi nancial position, and our total assets are now $5.3 billion.
Care at the heart of what we do
Ryman’s board has always taken the view that, if we, the team at Ryman, can get
our care and resident experience right, then the fi nancial results will take care of
themselves. This fi rst half result, which builds on 15 years of continuous profi t growth,
demonstrates that.
The board and management team have been heartened with the progress that has
been made in what is really at the very core of what we do as a business.
Over the years a lot of people have mistaken Ryman as a purely property development
company.
This is not the case.
Ryman is a care company. It’s simple; we care for older people.
We have been a care company since we fi rst started and nothing has changed, except
the size of Ryman and the markets that we operate in.
Six Months Ended
(Unaudited)
30 Sept 2017
$m
30 Sept 2016
$m
Underlying Profi t85.276.5
Plus unrealised valuation gains118.3118.2
Plus deferred tax expense(0.9)(7.7)
Reported Profi t 202.6187.0
Underlying profi t excludes deferred taxation, taxation expense and unrealised gains on investment
properties because these items do not refl ect the trading performance of the company. Underlying
profi t determines the dividend payout to shareholders, and is reconciled above.

RYMAN HEALTHCARE ANNUAL REPORT 2015 | 3
REPORT TO SHAREHOLDERS
RYMAN HEALTHCARE HALF YEAR REPORT 2017 | 3
The care we provide must be, in the words of our co-founder Kevin Hickman, “good
enough for mum”.
That was the genesis of the company and it is still the primary driver. We take that
responsibility very seriously and we believe it is a privilege to look after older citizens.
Many of our residents are particularly vulnerable. It is possibly a statement of the
obvious, but in that situation there is nothing like the human touch. They need someone
to listen to them, to be with them, to feel connected to them and to care for them.
Our focus will always be on continuously improving our care. And so we have been
delighted to see the team achieve consistently excellent external clinical audit results,
which shows that our care is of the highest quality and is continuously improving.
More than half of our care centres have achieved the gold standard in audit – four year
accreditation – which is a result we are very proud of.
Fifty-fi ve per cent of our village offering is care-based. More than 5,000 residents
receive care tailored to their needs in either serviced apartments or our resthome,
hospital or dementia care units. The security of knowing that there is great care on
hand if needed is one of the compelling reasons why the other 45% of our residents
choose to live in a Ryman village.
We provide them and their families with the peace of mind of knowing that we’re there
to help if they need us.
Care is what we do and our strong focus on care is a point of difference in what sets
us apart from many of our competitors here and in Australia.
MARY DEANS AND GINA VILLANUEVA AT YVETTE WILLIAMS RETIREMENT VILLAGE

4 | RYMAN HEALTHCARE ANNUAL REPORT 2015
REPORT TO SHAREHOLDERS
4 | RYMAN HEALTHCARE HALF YEAR REPORT 2017
RYMAN HEALTHCARE HALF YEAR REPORT 2017
Devonport, Auckland
Bert Sutcliffe Retirement Village, Birkenhead, Auckland

RYMAN HEALTHCARE ANNUAL REPORT 2015 | 5
REPORT TO SHAREHOLDERS
RYMAN HEALTHCARE HALF YEAR REPORT 2017 | 5
Lynfi eld, Auckland
Brandon Park, Melbourne

6 | RYMAN HEALTHCARE ANNUAL REPORT 2015
REPORT TO SHAREHOLDERS
6 | RYMAN HEALTHCARE HALF YEAR REPORT 2017
Growing demand
Homes in our villages and beds in our care centres continued to be in demand during
the fi rst half.
Occupancy in Ryman’s established care centres was running at 97%, well ahead of the
industry average of 87%.
Resale volumes at Ryman’s villages grew by 12%, despite volumes in the real estate
market dropping by more than 20%.
We continue to keep an eye on the property market. It is also important to remember
that moving into a Ryman village is usually a decision based on health needs, rather
than a purely market-driven one..
Investing in staff
Village staff were given further pay increases and improved entitlements. A new
leadership programme is also being rolled out to support Ryman’s current leaders and
identify the next generation needed as the company grows.
We remain concerned about New Zealand’s immigration settings and we will continue
to lobby at a Government level to support members of the Ryman family who were
born overseas.
A great resident experience depends on staff who are passionate about caring for
people. It takes years of training and commitment.
We are about to experience huge growth in demand and the reality is there is likely to
be a shortfall of skilled staff locally.
Village expansion
We were delighted to see work get under way on the next generation of Ryman
villages.
Work has started at Brandon Park in Melbourne and at Devonport and Lynfi eld in
Auckland.
These are great sites and represent a substantial investment for us. Presales have been
strong.
We continued to expand our landbank, buying a site for a seventh village in Victoria at
Mt Martha on the Mornington Peninsula.
The landbank in Victoria is now close to matching New Zealand, refl ecting our plans to
expand at the same pace in both markets.
We have 14 villages in total in the landbank, which will take us through into 2022.
Taking those sites from the landbank and turning them into villages takes a huge
amount of work.

RYMAN HEALTHCARE ANNUAL REPORT 2015 | 7
REPORT TO SHAREHOLDERS
RYMAN HEALTHCARE HALF YEAR REPORT 2017 | 7
We have recognised that we need to speed this process up, and we have reorganised
our design and development teams. We have recruited extra resources at our offi ces
in Auckland and Melbourne as well as in Christchurch. We will continue to build these
teams.
The development team remains busy looking for new sites in Victoria and New Zealand
with long-term demand just beginning to take off.
Future growth
We are expecting a busier second half with construction activity weighted towards the
end of the fi nancial year.
Ryman is on track to increase profi t for the 16th year this year and we are expecting full
year underlying profi t to be in the range of $195 million to $210 million.
The company’s long-term focus remains to double underlying profi t every fi ve years
and to expand with new villages in communities where better retirement living options
and high-quality care are needed.
Each new village we build represents a long-term investment in care for the
communities we operate in, and the villages create a new economic engine to support
our future growth as a company.
Thanks
We will continue to focus on care and meeting a long term social need in caring for
older people.
The commitment of our wonderful staff to care makes Ryman a very special company,
and we would like to thank all our staff for the job they do.
We would also like to thank our shareholders for your support and we look forward to
reporting on further progress at the end of the fi nancial year.
Dr. David Kerr
Chairman
Gordon MacLeod
Chief Executive

8 | RYMAN HEALTHCARE ANNUAL REPORT 2015
FINANCIAL STATEMENTS
8 | RYMAN HEALTHCARE HALF YEAR REPORT 2017
CONSOLIDATED INCOME STATEMENT
FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2017
Six Months Ended
30 Sept 2017
unaudited
Six Months Ended
30 Sept 2016
unaudited
Year Ended
31 March 2017
audited
Note$000$000$000
Revenue
C ar e fe e s13 0, 4 9 4111, 0 7 22 2 7, 3 91
Management fees33,75627,30660,988
Interest received201304456
Other income725157355
Total revenue165,17613 8,8 39289,19 0
Fair value movement of
investment properties 3186,775175,810324,966
Total income351,951314,649614,156
Operating expenses(130,506)(107,477)(225,573)
Depreciation and amortisation expense(9,832)(7,129)(14,934)
Finance costs(8,045)(5,360)(10,660)
Total expenses(148,383)(119,966)(251,167)
Profi t before income tax203,568194,683362,989
Income tax expense(938)(7,677)(6,295)
Profi t for the period202,630187,006356,694
Earnings per share:
Basic and diluted (cents per share)40.537.471.3
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2017
Profi t for the period202,630187,006356,694
Items that may be reclassifi ed subsequently to profi t or loss:
Fair value movement and reclassifi cation of
interest rate swaps(523)(1,200)1,790
Movement in deferred tax related to
interest rate swaps146336(501)
Gains/(losses) on hedge of foreign owned
subsidiary net assets15 04,0 611,102
(Losses)/gain on translation of foreign operations(251)(7,175)(1,392)
(478)(3,978)999
Items that will not be reclassifi ed subsequently to profi t or loss:
Revaluation of property, plant and equipment--56,513
--56,513
Other comprehensive income(478)(3,978)57,512
Total comprehensive income202,152183,028414,206
Note: all profi t and total comprehensive income is attributable to Parent Company shareholders and is from
continuing operations. The accompanying notes form part of these interim fi nancial statements.

RYMAN HEALTHCARE ANNUAL REPORT 2015 | 9
FINANCIAL STATEMENTS
RYMAN HEALTHCARE HALF YEAR REPORT 2017 | 9
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2017
Issued
Capital
Asset
Revaluation
Reserve
Interest
Rate
Swap
Reserve
Foreign
Currency
Tr anslation
Reserve
Treasury
Stock
Retained
Earnings
Tot al
Equity
$000$000$000$000$000$000$000
Six months ended 30 Sept 2016 (unaudited):
Opening balance33,290176,806(6,680)1,356 (15,900) 1,138,653 1,327,525
Tot al comprehensive
income for the period--(864)(3,114)-187,006183,028
Treasury stock
movement----(5,446)-(5,446)
Dividends paid to
shareholders-----(42,500)(42,500)
Closing balance33,290176,806(7,544)(1,758) (21,346) 1,283,159 1,462,607
Year ended 31 March 2017 (audited):
Opening balance33,290176,806(6,680)1,356 (15,900) 1,138,653 1,327,525
Tot al comprehensive
income for the period-56,5131,289(290)-356,694414,206
Treasury stock
movement----(4,640)-(4,640)
Dividends paid to
shareholders-----(85,000)(85,000)
Closing balance33,290233,319(5,391)1,066
(20,540)1,410,347 1,652,091
Six months ended 30 Sept 2017 (unaudited):
Opening balance33,290233,319(5,391)1,066
(20,540)1,410,347 1,652,091
Tot al comprehensive
income for the period--(377)(101)-202,630202,152
Treasury stock
movement----(2,295)-(2,295)
Dividends paid to
shareholders
-----(46,500)(46,500)
Closing balance33,290233,319(5,768)965
(22,835)1,566,4771,805,448
The accompanying notes form part of these interim fi nancial statements.

10 | RYMAN HEALTHCARE ANNUAL REPORT 2015
FINANCIAL STATEMENTS
10 | RYMAN HEALTHCARE HALF YEAR REPORT 2017
CONSOLIDATED BALANCE SHEET
AS AT 30 SEPTEMBER 2017
As at
30 Sept 2017
unaudited
As at
30 Sept 2016
unaudited
As at
31 March 2017
audited
Note$000$000$000
Assets
Trade and other receivables248,034215,626256,614
Advances to employees6,2645,2314,884
Property, plant & equipment1,011,950860,7161,013,547
Investment properties
3
4,002,8593,341,8313,661,445
Intangible assets13,390-8,329
Total assets5,282,4974,423,4044,944,819
Equity
Issued capital
6
33,29033,29033,290
Asset revaluation reserve233,319176,806233,319
Interest rate swap reserve(5,768)(7,544)(5,391)
Foreign currency translation reserve965(1,758)1,066
Treasury stock(22,835)(21,346)(20,540)
Retained earnings1,566,4771,283,1591,410,347
Total equity1,805,4481,462,6071,652,091
Liabilities
Trade and other payables777,491125,162149,855
Employee entitlements18,49114,61016,167
Revenue in advance49,06440,74844,702
Interest rate swaps8,01010,4777,488
Refundable accommodation deposits29,48527,66028,473
Bank loans (secured)945,038703,475837,520
Occupancy advances (non interest bearing)42,277,4291,966,8712,137,274
Deferred tax liability (net)72,04171,79471,249
Total liabilities3,477,0492,960,7973,292,728
Total equity and liabilities5,282,4974,423,4044,944,819
Net tangible assets per basic and diluted
share (cents)361.1292.5330.4
The accompanying notes form part of these interim fi nancial statements.

RYMAN HEALTHCARE ANNUAL REPORT 2015 | 11
FINANCIAL STATEMENTS
RYMAN HEALTHCARE HALF YEAR REPORT 2017 | 11
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2017
Six Months Ended
30 Sept 2017
unaudited
Six Months Ended
30 Sept 2016
unaudited
Year Ended
31 March 2017
audited
Note$000$000$000
Operating activities
Receipts from residents423,887367,726759,829
Interest received160302476
Payments to suppliers and employees(132,753)(100,634)(214,028)
Payments to residents(109,078)(99,924)(212,548)
Interest paid(7,105)(6,224)(10,930)
Net operating cash fl ows 2175,111161,24 632 2,799
Investing activities
Purchase of property, plant &
equipment and intangible assets(114,965)(109,191)(192,364)
Purchase of investment properties(106,683)(155,595)(314,920)
Capitalised interest paid(10,985)(7,789)(16,991)
Advances to employees(1,380)(1,824)(1,477)
Net investing cash fl ows(234,013)(274,399)(525,752)
Financing activities
Drawdown of bank loans (net)107,697162,059293,554
Dividends paid(46,500)(42,500)(85,000)
Purchase of treasury stock (net)(2,295)(5,445)(4,640)
Net fi nancing cash fl ows58,902114,114203,914
Net increase in cash and cash
equivalents-961961
Cash and cash equivalents at
beginning of period-(961)(961)
Cash and cash equivalents at the
end of period ---
The accompanying notes form part of these interim fi nancial statements.

12 | RYMAN HEALTHCARE ANNUAL REPORT 2015
FINANCIAL STATEMENTS
12 | RYMAN HEALTHCARE HALF YEAR REPORT 2017
ACCOUNTING POLICIES
1. Statement of Accounting Policies
Reporting entity
Ryman Healthcare Limited is a profi t-oriented entity incorporated in New Zealand and develops,
owns and operates integrated retirement villages, resthomes and hospitals for the elderly within New
Zealand and Australia. Ryman Healthcare Limited is a Financial Markets Conduct reporting entity for
the purposes of the Financial Reporting Act 2013 and the Financial Markets Conduct Act 2013, and its
fi nancial statements comply with these Acts.
The Company and its wholly owned subsidiaries comprise the Ryman Group (“the Group”).
Basis of preparation
The unaudited condensed consolidated interim fi nancial statements have been prepared in accordance
with Generally Accepted Accounting Practice in New Zealand (“NZ GAAP”). They comply with the New
Zealand Equivalent to International Accounting Standard 34 (NZ IAS 34) “Interim Financial Reporting”
and International Accounting Standard 34 (IAS 34) “Interim Financial Reporting”.
The fi nancial statements for the six months ended 30 September 2017 and the comparative six months
ended 30 September 2016 are unaudited.
These fi nancial statements have been prepared under the same accounting policies and method of
computation as the Company’s Annual Report as at 31 March 2017. These fi nancial statements should
be read in conjunction with the fi nancial statements and related notes included in the Company’s Annual
Report for the year ended 31 March 2017.
The fi nancial statements were approved by the Board of Directors on 22 November 2017.
The information is presented in thousands of New Zealand dollars ($).
All references to AUD refer to Australian dollars.
BELINDA BARGH, RICHEL SIGA AND JILSY JOY AT BOB SCOTT RETIREMENT VILLAGE

RYMAN HEALTHCARE ANNUAL REPORT 2015 | 13
FINANCIAL STATEMENTS
RYMAN HEALTHCARE HALF YEAR REPORT 2017 | 13
NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS
2. Reconciliation of Net Profi t after tax for the period with Net Cash fl ows from Operating Activities
Six Months Ended
30 Sept 2017
unaudited
Six Months Ended
30 Sept 2016
unaudited
Year Ended
31 March 2017
audited
$000$000$000
Net profi t after tax202,630187,006356,694
Movements in balance sheet items:
Occupancy advances167,034131,894326,259
Refundable accommodation deposits1,012(642)171
Accrued management fees(26,901)(18,595)(44,966)
Revenue in advance4,3623,7167,670
Trade and other payables(8,317)6,73013,100
Trade and other receivables8,5804,187(36,798)
Employee entitlements2,3241821,739
Non-cash items:
Depreciation and amortisation9,8327,12914,934
Deferred tax9387,6776,295
Unrealised foreign exchange loss3927,7722,667
Adjusted for:
Fair value movement of investment
properties(186,775)(175,810)(324,966)
Net operating cash fl ows175,111161,246322,799
Net operating cash fl ows include occupancy advance receipts from retirement village residents of $292.8 million (six
months ended 30 September 2016: $257.5 million and year ended 31 March 2017: $531.6 million). Also included are net
receipts from refundable accommodation deposits of $1.1 million (six months ended 30 September 2016: $0.8 million and
year ended 31 March 2017: $0.6 million). Net operating cash fl ows also include management fees collected of $14.9m
(six months ended 30 September 2016: $13.8 million and year ended 31 March 2017: $28.7 million).
3. Investment Properties
Six Months Ended
30 Sept 2017
unaudited
Six Months Ended
30 Sept 2016
unaudited
Year Ended
31 March 2017
audited
$000$000$000
Balance at beginning of fi nancial period3,661,4452,996,3052,996,305
Additions 155,041179,642342,869
Net foreign currency exchange differences(4 02)(9,926)(2,695)
Fair value movement:
Realised fair value movement:
- New retirement village units15,61223,00462,959
- Existing retirement village units52,84434,63877,286
68,45657,642140,245
Unrealised fair value movement118,319118,168184,721
186,775175,810324,966
Net movement for period341,414345,526665,140
Balance at end of fi nancial period4,002,8593,341,8313,661,445

14 | RYMAN HEALTHCARE ANNUAL REPORT 2015
FINANCIAL STATEMENTS
14 | RYMAN HEALTHCARE HALF YEAR REPORT 2017
NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS
3. Investment Properties (continued)
The realised fair value movement arises from the sale and resale of occupancy advances to residents.
Investment properties are not depreciated and are fair valued.
The carrying value of completed investment property is the fair value as determined by an independent valuation
report prepared by registered valuers CBRE Limited as at 30 September 2017. Signifi cant assumptions used
by the valuer include long term house price infl ation (which ranges from 0.5% to 3.5% nominal (30 September
2016 and 31 March 2017: 1% to 3%)) and discount rate (which ranges from 12% to 16% (30 September 2016
and 31 March 2017: 12% to 16%)).
I
nvestment property includes investment property work in progress of $198.4 million (six months ended 30
September 2016: $177.9 million and year ended 31 March 2017: $186.5 million), which has been fair valued at cost.
The CBRE valuation also includes within its forecast cash fl ows the Group’s expected costs relating to rebuild
works at Malvina Major. The estimate of the gross cash outfl ows included for remediation works is $17.5m
over an 18-month period. The estimates are based on currently available information.
4. Occupancy Advances (non interest bearing)
Occupancy advances comprise the following balances:
Six Months Ended
30 Sept 2017
unaudited
Six Months Ended
30 Sept 2016
unaudited
Year Ended
31 March 2017
audited
$000$000$000
Gross occupancy advances (see below)2,574,6782,213,2802,407,644
Less: management fees & resident loans(297,249)(246,409)(270,370)
Closing balance2,277,4291,966,8712,137,274
Movement in gross occupancy advances:
Opening balance2,407,6442,081,3862,081,386
Net foreign currency exchange differences(305)(8,174)(2,189)
Plus: Net increases in occupancy advances:
- New retirement village units90,520110,552263,282
- Existing retirement village units52,84434,63877,286
Increase/(decrease) in occupancy
advance receivables23,975(5,122)(12,121)
Closing balance2,574,678 2,213,2802,407,644
Gross occupancy advances are non interest bearing.
5. Dividend
On 22 November 2017 an interim dividend of 9.50 cents per share was declared and will be paid on
8 December 2017 (Prior year: 8.50 cents per share). The record date for entitlements is 1 December 2017.
6. Share Capital
Issued and paid up capital consists of 500,000,000 fully paid ordinary shares (30 September 2016: 500,000,000
and 31 March 2017: 500,000,000). All shares rank equally in all respects.
Basic and diluted earnings per share has been calculated on the basis of 500,000,000 ordinary shares (30
September 2016: 500,000,000 and 31 March 2017: 500,000,000). Net tangible assets is represented by net equity.
Shares purchased on market under the senior executive share scheme are treated as treasury stock until vesting
to the employee.

RYMAN HEALTHCARE ANNUAL REPORT 2015 | 15
FINANCIAL STATEMENTS
RYMAN HEALTHCARE HALF YEAR REPORT 2017 | 15
NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS
7. Trade and Other Payables
Trade payables are typically paid within 30 days of invoice date or the 20th of the month following invoice
date. Other payables at 30 September 2017 includes $39.3m (30 September 2016: $71.1m and 31 March 2017:
$95.6m) in relation to the purchase of land.
8. Operating Segments
The Ryman Group operates in one industry, being the provision of integrated retirement villages for the
elderly. The Group operates predominantly in New Zealand with some operations in Australia. In presenting
information on the basis of geographical areas, net profi t, underlying profi t, and revenue are based on the
geographical location of operations. Assets are based on the geographical location of the assets.
New ZealandAustraliaGroup
$000$000$000
Six months ended 30 Sept 2017 unaudited
Revenue155,9949,182165,176
Underlying profi t80,8994,35085,249
Plus: Unrealised fair value movement118,470(151)118,319
Less: Deferred tax expense(938)-(938)
Profi t for the period198,4314,199202,630
Non-current assets4,596,719431,4805,028,199
Six months ended 30 Sept 2016 unaudited
Revenue131,9896,850138,839
Underlying profi t73,8582,65776,515
Plus: Unrealised fair value movement108,10810,060118,168
Less: Deferred tax expense(7,677)-(7,677)
Profi t for the period174,28912,717187,006
Non-current assets3,867,365335,1824,202,547
Year ended 31 March 2017 audited
Revenue275,49313,697289,190
Underlying profi t172,8305,438178,268
Plus: Unrealised fair value movement173,81710,904184,721
Less: Deferred tax expense(6,295)-(6,295)
Profi t for the period340,35216,342356,694
Non-current assets4,269,071414,2504,683,321
9. Commitments
The Group had commitments relating to construction contracts amounting to $87.9 million as at 30 September
2017 (30 September 2016: $60.6 million and 31 March 2017: $68.6 million).
10. Subsequent events
In addition to the dividends as per note 5, the group entered into an unconditional sale and purchase
agreement in respect of a land acquisition in Victoria for AUD$14 million in October 2017.

16 | RYMAN HEALTHCARE ANNUAL REPORT 2015
16 | RYMAN HEALTHCARE HALF YEAR REPORT 2017
Anthony Wilding Retirement Village
5 Corbett Crescent, Aidanfi eld, Christchurch
Bert Sutcliffe Retirement Village
2 Rangatira Road, Birkenhead, Auckland
Bob Owens Retirement Village
112 Carmichael Road, Bethlehem, Tauranga
Bob Scott Retirement Village
25 Graham Street, Petone, Lower Hutt
Bruce McLaren Retirement Village
795 Chapel Road, Howick, Auckland
Charles Fleming Retirement Village
112 Parata Street, Waikanae
Charles Upham Retirement Village
24 Charles Upham Drive, Rangiora
Diana Isaac Retirement Village
1 Lady Isaac Way, Mairehau, Christchurch
Edmund Hillary Retirement Village
221 Abbotts Way, Remuera, Auckland
Ernest Rutherford Retirement Village
49 Covent Drive, Stoke, Nelson
Essie Summers Retirement Village
222 Colombo Street, Beckenham, Christchurch
Evelyn Page Retirement Village
30 Ambassador Glade, Orewa, Auckland
Frances Hodgkins Retirement Village
40 Fenton Crescent, St Clair, Dunedin
Grace Joel Retirement Village
184 St Heliers Bay Road, St Heliers, Auckland
Hilda Ross Retirement Village
30 Ruakura Road, Hamilton
Jane Mander Retirement Village
262 Fairway Drive, Kamo, Whangarei
Jane Winstone Retirement Village
49 Oakland Avenue, St Johns Hill, Whanganui
Jean Sandel Retirement Village
71 Barrett Road, New Plymouth
Julia Wallace Retirement Village
28 Dogwood Way, Clearview Park, Palmerston North
Kiri Te Kanawa Retirement Village
12 Gwyneth Place, Lytton West, Gisborne
Malvina Major Retirement Village
134 Burma Road, Khandallah, Wellington
Margaret Stoddart Retirement Village
23 Bartlett Street, Riccarton, Christchurch
Ngaio Marsh Retirement Village
95 Grants Road, Papanui, Christchurch
Possum Bourne Retirement Village
Lisle Farm Drive, Pukekohe
Princess Alexandra Retirement Village
145 Battery Road, Napier
Rita Angus Retirement Village
66 Coutts Street, Kilbirnie, Wellington
Rowena Jackson Retirement Village
40 O’Byrne Street North, Waikiwi, Invercargill
Shona McFarlane Retirement Village
66 Mabey Road, Lower Hutt
Weary Dunlop Retirement Village
242 Jells Road, Wheelers Hill, Melbourne
Woodcote Retirement Village
29 Woodcote Avenue, Hornby, Christchurch
Yvette Williams Retirement Village
383 Highgate, Roslyn, Dunedin
New villages in the pipeline
Brandon Park
6 Brandon Park Drive, Wheelers Hill, Melbourne
Burwood East
78 Middleborough Road, Burwood East, Melbourne
Christchurch
78 Park Terrace, Christchurch
Coburg
81a Bell Street, Coburg, Melbourne
Devonport
2 Ngataringa Road, Devonport, Auckland
Geelong
157 South Valley Road, Highton, Melbourne
Greenlane
187 Campbell Road, Greenlane, Auckland
Hamilton
River Road, Hamilton
Henderson
Lincoln Road, Henderson, Auckland
Hobsonville
Scott Road, Hobsonville, Auckland
Lynfi eld
20 Tropicana Drive, Lynfi eld, Auckland
Mt Eliza
70 Kunyung Road, Mt Eliza, Melbourne
Mt Martha
180 Bentons Road, Mt Martha, Melbourne
Newtown
192 Adelaide Road, Newtown, Wellington
VILLAGE DIRECTORY

RYMAN HEALTHCARE ANNUAL REPORT 2015 | 17
RYMAN HEALTHCARE HALF YEAR REPORT 2017
VILLAGE LOCATIONS
Proposed villages/sites under development
Lynfi eld
Rangiora
Greenlane
Whanganui
Hobsonville
Devonport
Selling now
Coburg
Burwood East
Brandon Park
Mt Eliza
Melbourne
Geelong
Mt Martha
Henderson
For more information on any of the
Ryman Healthcare retirement villages
please phone (NZ) 0800 588 222,
www.rymanhealthcare.co.nz
or (AUS) 1800 922 988,
www.rymanhealthcare.com.au
Back cover: Clare Hocking with her mum Yvonne Hocking from Essie Summers Retirement Village

HALF YEAR
2017
REPORT