VGL – FY2018 Interim Results Announcement

____________________________________________________________________________________________
Vista Group International Ltd, L3, 60 Khyber Pass Road, Newton, PO Box 8279, Symonds St, Auckland 1150, NZ



Market Announcement

29 August 2018, Vista Group International Ltd., Auckland, New Zealand


Vista Group Announces 20% Increase in Revenue and 37% Increase in Before-
tax Profits over 1H2017

HIGHLIGHTS


• 20% increase in Consolidated Vista Group revenue over 1H2017 to $60.1m.
• 27% increase in EBITDA to $13.1m over 1H2017.
• 37% increase in PBT to $9.1m over 1H2017.
• 95% improvement in operating cashflow. Improved cash management process resulted in strong cashflow performance with
operating cashflow of $12.5m, an increase of $6.1m over the prior year. Available cash balance is $26.3m, up $5.3m from
year-end FY2017.
• Vista Group continues to maintain a very strong Statement of Financial Position with low debt and strong cash position.
• Transition of Group CEO and Vista Entertainment CEO/COO completed smoothly.
• Board of Directors announce a fully imputed interim dividend of 1.6 cents per share (post share split) for 1H2018.

OPERATING METRICS

• 28% increase in recurring revenue ($7.8m) to $37.2m over 1H2017 - now representing 62% of total revenue for the half.
• Vista Cinema global market share of the 20+ screens segment increased from 38% to 40%.
• Operating earnings quality improved with operating profit % increasing from 16.4% to 18.4%.
• Vista Cinema site numbers increased by 450 sites (plus 46 for Vista China) in 1H2018 bringing the total to 6,635.
• Veezi site numbers increased by 108 to a total of 751, with a 17% increase in average monthly revenue per site.
• Movio revenue per Active Moviegoer grew by 25% over 1H2017 to NZ$0.20.
• Movio Media revenue grew by 97% over 1H2017.

OPERATIONAL AND PRODUCT OVERVIEW

Cinema
Cinema delivered a strong first half highlighted by key new business wins in 2 ‘new’ territories – signing Aeon (the largest circuit in
Japan), enabling entry into the Japanese market for the first time, and signing Pathe France (the largest circuit in France),
underlining the strategy to proceed with direct representation in France. Cinema now has customers in 94 countries worldwide and
is actively pushing to reach 100. Revenue expansion is also very much on the agenda for Cinema, both through developing ancillary
revenue streams with 3
rd
parties, and through the development of new innovative product offerings.

____________________________________________________________________________________________
Vista Group International Ltd, L3, 60 Khyber Pass Road, Newton, PO Box 8279, Symonds St, Auckland 1150, NZ



Movio
Movio continued to see expansion in both key business metrics: Active Moviegoers increased 8% despite the expiry of the AMC
license (not a material contributor to revenue), and revenue per Active Moviegoer increased by 25% (both metrics compared to
1H2017). Movio Media revenue increased 97% over 1H2017 driven by contracts with STC, Sony, Lionsgate, FOX, Viacom and
Epsilon. Movio Cinema revenue increased 20% led by successful implementations of new customers in Cinemark Brazil and PVR
India.

Additional Group Companies (AGC)
Performance in the AGC’s was mixed, Powster being the standout performer with strong revenue and EBITDA growth plus an
exciting portfolio of innovations which show great potential (notably ‘bots’ in Facebook Messenger and direct ticketing through
movieXchange). The MACCS business showed good progress in terms of delivery to customers (with the key Warner Bros. project
moving back to normal commercial terms), but the financial outcomes in the first half continue to disappoint. Flicks undertook an
accelerated investment approach in the latter part of the half, and delivered some very encouraging growth numbers – hitting 1
million unique visitors in a month for the first time.

Early Stage Investments (ESI)
The ESI’s showed encouraging signs in the half, albeit off a small base. Both movieXchange and Cinema Intelligence grew revenue
strongly compared to 1H2017. The performance of movieXchange was primarily driven by a strong increase in the volume of tickets
being processed through movieXchange Tickets – with 5 ticketing vendors connecting live to over 20 cinema circuits. Cinema
Intelligence continued the turnaround from 2H2017, with good revenue growth and a breakeven EBITDA result for the half. Key
new business signings for Cinema Intelligence were achieved in Europe, USA and the Middle East. Stardust is focusing its energy
on product enhancements to expand appeal and stickiness.

Associate Companies
Numero achieved a strong revenue increase of 40% over 1H2017, with over 1,000 sites reporting in the key USA market. Data
collection was initiated in Thailand, Mexico and Nigeria – adding to existing collection in Korea, South Africa, Malaysia and
Singapore.

Vista China continued to perform strongly with the highlight being a 36% increase in revenue over 1H2017 and the addition of 46
new Vista sites and 20 Veezi sites. On 24 August 2018, Vista Group confirmed the granting of the final regulatory approvals
required to approve the 7.9% equity purchase from its partner, Beijing Weying Technology Co. Limited (WePiao). Refer to the
market announcement on 24 August 2018 for further information.


Overall summary and outlook
A very pleasing first half performance provides confidence we can deliver to our guidance for the full year.




Rodney Hyde, Chief Financial Officer
Vista Group International Ltd
Contact: +64 9 984 4570

---

VISTA GROUP 2018 HALF YEAR RESULTS
29 August 2018

2
•1
st
Half 2018 Summary
•Financial Results
•Operational Highlights
•Associate Companies
•Growth Drivers
•Outlook
•Questions

3
1
ST
HALF 2018 SUMMARY
•Another strong period of growth for Vista Group
o20% increase in Revenue over pcp
o37% increase in Operating Profit over pcp
oOperating Profit % increased from 16.4% to 18.4%
o95% increase in Operating Cash Flow over pcp
o28% increase in recurring revenue over pcpto $37m –62% of total revenue
•Maintained very strong balance sheet, low debt and a strong cash position.
•Transition to new Group CEO, and CEO / COO of Vista Cinema completed.
•Vista Cinema global market share of 20+ screens segment increased to 40%.
•Period of continued investment in product & solution innovation.

FINANCIAL
RESULTS
4

FINANCIAL HIGHLIGHTS
TOTAL REVENUE
$60.1m
(up 20%)
OPERATING PROFIT
$11.1m
(up 37%)
OPERATING CASHFLOW
$12.5m
(up 95%)
EBITDA
1
$13.1m
(up 27%)
INTERIM DIVIDEND
1.6
CENTS P/SHARE
(Increase of 33% on prior year
interim dividend
2
)
RECURRING REVENUE
$37.2m
(up 28%)
1
EBITDA is a Non-GAAP measure and is defined as earnings before net finance expense, income tax, depreciation, amortisation, acquisition costs and equity-accounted results from associate companies. Expenses
related to the VCL deferred consideration is also excluded. This is consistent with the measure used in the Prospectus dated 3 July 2014. Depreciation and amortisation in 1H 2018 $1.9m (1H 2017: $1.6m).
2
Note: In FY2017 Vista Group paid an interim dividend of 2.4 cents / share. This was however prior to the 2:1 share split completed in November 2017. The comparative interim dividend for FY2017 is therefore divided
by two to ensure a relevant comparison.
5

TRADING PERFORMANCE
•Another period of 20% Revenue Growth.
•Solid Profit and EBITDA performance improved by FX.
EBITDA is a Non-GAAP measure and is defined as earnings before net finance expense, income tax, depreciation, amortisation, acquisition costs and equity-accounted results from associate companies. Expenses
related to the VCL deferred consideration is also excluded. This is consistent with the measure used in the Prospectus dated 3 July 2014. Depreciation and amortisation in 1H 2018 $1.9m (1H 2017: $1.6m).
6
For six months ended
NZ$m30 June 201830 June 2017%PCP
Revenue60.150.120%
Expenses49.841.620%
Foreign exchange losses / (gains)(0.8)0.4
Operating Profit11.18.237%
Other Revenue / (costs) (2.1)(1.5)
Profit Before Tax9.16.637%
Net Profit attributable to Vista Group Shareholders5.23.836%
NZ$m2018 Actual2017 Actual
EBITDA13.110.327%

VISTA GROUP –Revenue Analysis
7
0
20
40
60
80
100
120
201320142015201620172018 1H
REVENUE ANALYSIS $NZDm
License FeesMaintenanceOther

ADDITIONAL GROUP
COMPANIES
CINEMA
MOVIO
ASSOCIATES
EARLY STAGE
INVESTMENTS
OPERATING SEGMENTS

OPERATING SEGMENTS
1H2018
CinemaMovio
Additional
Group
Companies
Early Stage
InvestmentsCorporateTotal
NZ$m
Revenue39.78.66.72.22.960.1
EBITDA12.81.50.60.5(2.2)13.1
1H2017
CinemaMovio
Additional
Group
Companies
Early Stage
InvestmentsCorporateTotal
NZ$m
Revenue32.56.45.90.35.050.1
EBITDA7.71.30.9(0.9)1.410.3
EBITDA is a Non-GAAP measure and is defined as earnings before net finance expense, income tax, depreciation, amortisation, acquisition costs and equity-accounted results from associate companies. Expenses
related to the VCL deferred consideration is also excluded. This is consistent with the measure used in the Prospectus dated 3 July 2014. Depreciation and amortisation in 1H 2018 $1.9m (1H 2017: $1.6m).
•Cinema segment grew revenue 22% and EBITDA 67% over pcp(EBITDA uplift enhanced by consolidation of Vista Latam).
•Movio grew revenue 34% over pcp, but investments for growth restricted EBITDA growth to modest increment.
•AGC -Strong revenue growth from Powsterin AGC.
•ESI showed pleasing signs off a very small base.
•Corporate result shows expected reduction in localisation revenue from Vista China.
9

•Strong balance sheet maintained giving capacity
to take advantage of new opportunities.
•Cash levels strong as a result of improving
operating cashflow and focus on conversion of
trade receivables into cash.
•Second and final tranche of China transaction
cash was received from Vista China.
•Receivables reduce as cash conversion increases
during first half of 2018.
•Increase in intangibles reflects investment in
capitalised software development.
FINANCIAL POSITION
NZ$m30 June 201831 Dec 2017
Current Assets
Cash & short term deposits26.321.0
Other receivables68.271.3
94.592.3
Non Current Assets
Plant & equipment5.34.6
Investment in associate25.026.1
Intangibles82.178.9
Deferred tax asset3.52.3
115.9112.0
Total Assets210.4204.2
Current liabilities44.841.2
Non current liabilities
Loans11.310.7
Deferred tax and consideration2.24.2
13.514.9
Net Assets152.2148.1
Share capital59.357.8
Retained earnings76.375.2
Reserves5.23.8
Non controlling interests11.411.2
Total Equity152.2148.1
10

•Strong cash receipts from trading drives increase
in operating cash flow.
•Vista Group did not pay an interim dividend in
2016, therefore 2017 includes full year dividend
for 2016.
•Overall cash outlook remains strong with the
business generating increasing operating
cashflow.
•Disposal of intangible in 2018 relates to
termination of French business partner agreement
(CCG).
•Other investing activities in 2017 include
proceeds from the sale of Vista China of $6.2m.
CASH FLOW
For six months ended
NZ$m30 Jun 201830 Jun 2017
Receiptsfrom customers61.252.5
Cash was applied to:
Payments to suppliers(42.8)(41.5)
Tax & interest(5.9)(4.6)
(48.7)(46.1)
Net cash flow from operating12.56.4
Cash applied to investing activities
Investments –internally generated software(4.0)(2.7)
Disposal of intangible1.4-
Other investing activities(2.0)2.4
(4.6)(0.3)
Cash from financing activities
Loans and borrowings0.30.2
Dividends paid(3.4)(4.5)
(3.2)(4.3)
Net movement in cash held4.71.8
Foreign exchange differences0.60.1
Cash balance 26.323.3
11

12
•The directors have resolved to pay an interim dividend at the top of the
policy range (50%) and that the dividend will carry full imputation
credits.
•The value of the dividend will be 1.6 cents per share representing a
total payment of $2.6m.
•The record date for the dividend is 5pm on Friday, 13 September 2018
with the payment date set for Friday, 27 September 2018.
•The FY18 interim dividend represents a 33% increase on the prior year.
DIVIDEND PROPOSAL

OPERATIONAL
HIGHLIGHTS
13

CINEMA SEGMENT
14
0
1000
2000
3000
4000
5000
6000
7000
8000
2009201020112012201320142015201620172018
TOTAL SITE COUNT
Total Sites
5%
growth in total
sites to 6,685
Vista Cinema provides cinema management software to the world’s largest cinema exhibitors
•Global market share of 20+ screen segment increased from 38% to 40%, (45.6% excluding China).
•450 new sites (plus 46 for Vista China) added in 1
st
half 2018.
•Termination of French reseller relationship eliminates 161 sites added in 2016.
•Therefore total site count now 6,685.
•Signed Aeon (the largest circuit in Japan) enabling entry into Japanese market for the first time.
•Signed Pathe France (the largest circuit in France) following direct representation in France.
•Total now of 94 installed countries.
•Ancillary revenue streams trending upwards, may become material in 2019/2020.
-400
-200
-
200
400
600
800
1,000
1,200
2009201020112012201320142015201620172018
NEW SITES ADDED
existing customersnew customersacquisitions

CINEMA SEGMENT -continued
Provides cinema management software to the world’s independent cinema exhibitors
•108 sites bring site numbers to 751 with solid growth in USA.
•Solid uptake of new modules released in 2017 highlighted by Vouchers and Gift Cards (VGC) –23% of
sites have signed up.
•New module –Digital Signage –released in May 2018.
•Revenue sharing deals continue with payment providers and other 3rd parties.
•Annual churn rate (sites) sustained below 5%.
15
17%
growth in contracted
sites to 751
17%
increase in site
revenue to $606 p.mth
37%
increase in ARR
to $5.5m
176
customers using VGC
0
100
200
300
400
500
600
700
800
201320142015201620172018
VEEZI -TOTAL SITE COUNT
0
100
200
300
400
500
600
700
201320142015201620172018
AVERAGE REVENUE
PER SITE PER MONTH
($000’s)

16
34%
growth in total revenue
37%
growth in total
Connections
8%
growth in Active
Moviegoers
25%
growth in revenue per Active
Moviegoer
97%
growth in Movio Media
revenue
Revenue/Active
Moviegoer(NZD cents)
H1
2017
H1
2018
GrowthH1
2017
H1
2018
Growth
USA2320-13%182856%
Restof
World
162238%13148%
Global39428%162025%
•Connected Moviegoers increased 74% in the US, despite the volume of Active
Moviegoers decreasing 13%. Connected Moviegoers represent the subset of Active
Moviegoers Movio has permission to use in digital campaigns.
•AMC: Initial license expired in Aug 2018 and was not renewed, this has no effect on
projected revenue as AMC was never fully implemented and did not contribute data to
Movio Media.
•Total connections increased 37% globally, which includes all email, SMS, Push and digital
connections.
•Media revenue grew 97% driven by existing contracts with STX, Sony, Lionsgate, Fox,
Viacom and Epsilon.
•Cinema revenue grew 20%, led by the successful implementation of Cinemark Brazil and
PVR India, bringing the total number of countries to 39.
Active Moviegoers (Millions)
Connecting all moviegoers to their ideal movie
Note: metrics for half year only
MOVIO SEGMENT

World leading film marketing products
•Continued solid growth in revenue and EBITDA.
•Created 29% more movie destination sites than pcp.
•Potentially significant new developments under way in direct ticketing (through movieXchange).
•New product launched on Facebook Messenger (bots) with initial interest from both film industry and broadcast TV.
•LA studio staffed with 10 people and well engaged in local market.
Provides world leading theatrical distribution software
•New CEO hired –George Eyles–started July 30.
•Delivery profile for MACCS considerably improved during 1
st
Half 2018, but financial performance improvement is
taking longer.
•Warner Bros. project moving to normal commercial terms and relationship remains strong.
•Outlook is for better 2
nd
half performance leading to satisfactory 2019.
Movie and cinema review and showtime guide
•Accelerated investment strategy bearing fruit with growth ramping up.
•June/July 2018 best months ever for both Australia and NZ in terms of unique visitors.
•July first month ANZ broke through the 1 million unique visitors mark.
•Soft launch of flicks.co.zain late June 2018.
ADDITIONAL GROUP COMPANIES SEGMENT
17

Software to optimisefilm forecasting and scheduling
•Performance improvement from late 2017 continuing in 2018 with strong revenue growth.
•New customers signed up in Europe, Middle East, and USA.
•Funding joint sales resource in US office with Vista Cinema to sell joined up solutions.
•Good turnaround -EBITDA breakeven for 1
st
half 2018.
A new platform to share film digital assets & enable new cinema
ticketing sales channels to access cinema exhibitors
•MX Film connecting over 70 distributors and nearly 200 cinema circuits.
•MX Tickets revenue growing strongly (off a small base).
•MX Tickets contracted with 15 ticketing vendors of whom 5 are live, and 20+ cinema circuits.
•MX Showtimes increasing coverage in key markets.
Social app to share video reaction to movies and tv shows
•Stardust is undergoing enhancement to support increased user engagement and retention.
•Focused on broadening appeal from a niche video reactions app to an entertainment centric social media platform.
•Generated modest revenues during 1st half from movie marketing partnerships –emphasizes the potential of the
serious movie-fans who are regular users.
•Average of 24K reaction videos posted per month –Jan-Jun.
EARLY STAGE INVESTMENTS SEGMENT
18

ASSOCIATE
COMPANIES
19

ASSOCIATE COMPANIES
Box office tracking and reporting product
•40% increase in revenue over pcp.
•USA remains key focus for 2018.
•1000+ sites reporting in the USA at the end of June.
•Data collection under way in Thailand, Mexico, Nigeria, and Indonesia to add to existing collection in
Korea, South Africa, Malaysia/Singapore.
•Agreements obtained for 2 of the top 3 exhibitors in the UK to report.
20

21
Performance
•Vista China revenue growth continues –up 36% on pcp.
•Vista Cinema 13% share of total market –estimated as 19% share of 20+ screens segment.
•20 Veezi sites live at the end of June.
•Movio live with Jinyi –5
th
largest circuit in China.
China film industry
•China box office revenue growth rate 2017 over 2016 = 15%.
•Consolidation of 3
rd
party ticket sellers with now 2 main players dominating –Maoyan and Tao Piaopiao –85% of
cinema tickets sold through 3
rd
parties.
Update on transactions
•Regulatory approval has been received for the acquisition of 7.9% of Vista China from Weiying by Vista Group.
•Additional transactions contemplated in our February announcement (to enable consolidation) are in the process of
being finalised.
ASSOCIATE COMPANIES

GROWTH
DRIVERS
22

23
DRIVERS FOR GROWTH
Innovation
•Exec appointed to lead Cloud Services for Vista Cinema.
•First cloud based implementation for a new customer expected before end 2018.
•New Products in development: Handheld Server App, Omni-channel.
Customers
•Focus on relationships with Super-Circuits –e.g. Cineworld, Pathe etc.
•Focus on competitive wins in USA.
Geography
•Building out from territory breakthroughs -Brazil, Italy, Japan, Saudi Arabia.
Revenue Expansion
•Broaden offerings to customers –through additional products, services and
relationships.
•Develop ancillary revenue relationships with related parties in the overall ecosystem.

24
DRIVERS FOR GROWTH
Innovation
•Developing solutions to ingest additional data sources to enrich the Active Moviegoer database.
•Productising the Movio Media solution to enable faster campaign sales to execution cycle.
Customers and Geography
•Increase exhibitor participation in Movio Media.
•Expand Movio Cinema client base in new and existing territories.
Integrated Offering Development
•Integrated labourforecasting with forecast attendance –Cinema Intelligence / MovieTeam.
•CxM–Vista Cinema / Movio.
Cross Group Sales Campaigns and Proposals
•Targeting Super-Circuits in particular.

•Very pleasing first half performance provides confidence we can deliver to our guidance for
the full year.
•New executive structure settling in well, with Chief Product Officer creating some significant
opportunities.
•Vista Cinema and Movio continue to perform well –with excellent product innovation
roadmaps.
•AGC and ESI segments offer potential upside over next year and beyond with improvements
to 1
st
half performance.
•Continued strong operation focus to improve margin quality.
•Consolidation in the international cinema exhibitor space tending to work in favour of Vista
Group companies.
•The Global cinema market continues to show strength, admissions and box office increasing
in many territories, driving a continued growth in sites and screens, which create
opportunities for all group companies.
OUTLOOK
25

QUESTIONS?

27
IMPORTANT NOTICE
This presentation has been prepared by Vista Group International Limited (“Vista Group”).
Information in this presentation:
•is provided for general information purposes only, does not purport to be complete or comprehensive and is not
an offer or invitation for subscription, purchase or recommendation of securities in Vista Group. This presentation
does not constitute investment advice;
•should be read in conjunction with, and is subject to, Vista Group’s financial statements, market releases and
information published on Vista Group’s website (www.vistagroup.co.nz);
•may include projections or forward looking statements about Vista Group and the environment in which Vista
Group operates. Such forward-looking statements are based upon current expectations and involve risks,
uncertainties and contingencies outside of Vista Group’s control. Vista Group’s actual results or performance
may differ materially from these statements. Although management may indicate and believe the assumptions
underlying the forward looking statements are reasonable, any assumptions could prove inaccurate or incorrect
and, therefore, there can be no assurance that the results contemplated in the forward looking statements will be
realised;
•may include statements relating to past performance, which should not be regarded as a reliable indicator of
future performance.
While all reasonable care has been taken in compiling this presentation, Vista Group accepts no responsibility for any
errors or omissions.
All information in this presentation is current at the date of this presentation, unless otherwise stated.
All currency amounts are in NZ dollars, unless stated otherwise.

---

VISTA GROUP INTERNATIONAL LIMITED
INTERIM
REPORT
2018
vistagroup.co

01 Management Commentary
03 Statement of Comprehensive Income
04 Statement of Changes in Equity
05 Statement of Financial Position
06 Statement of Cashflows
07 Notes to the Financial Statements
TABLE OF
CONTENTS

MANAGEMENT COMMENTARY
The following consolidated interim financial statements for Vista Group International Limited (the ‘Company’ and
its subsidiaries, collectively ‘Vista Group’), are for the six months ended 30 June 2018 and represent the half year
results for Vista Group.
HIGHLIGHTS
• 20% increase in Consolidated Vista Group revenue over 1H2017 to $60.1m.
• 27% increase in EBITDA
(1)
to $13.1m over 1H2017.
• 37% increase in PBT to $9.1m over 1H2017.
• 95% improvement in operating cashflow. Improved cash management process resulted in strong cashflow
performance with operating cashflow of $12.5m, an increase of $6.1m over the prior year. Available cash balance
is $26.3m, up $5.3m from year-end FY2017.
• Vista Group continues to maintain a very strong Statement of Financial Position with low debt and strong
cash position.
• Transition of Group CEO and Vista Entertainment CEO/COO completed smoothly.
• Board of Directors announce a fully imputed interim dividend of 1.6 cents per share (post share split) for 1H2018.
OPERATING METRICS
• 28% increase in recurring revenue ($7.8m) to $37.2m over 1H2017 - now representing 62% of total revenue for the half.
• Vista Cinema global market share of the 20+ screens segment increased from 38% to 40%.
• Operating earnings quality improved with operating profit % increasing from 16.4% to 18.4%.
• Vista Cinema site numbers increased by 450 sites (plus 46 for Vista China) in 1H2018 bringing the total to 6,635.
• Veezi site numbers increased by 108 to a total of 751, with a 17% increase in average monthly revenue per site.
• Movio revenue per Active Moviegoer grew by 25% over 1H2017 to NZ$0.20.
• Movio Media revenue grew by 97% over 1H2017.
OPERATIONAL AND PRODUCT OVERVIEW
Cinema
Cinema delivered a strong first half highlighted by key new business wins in 2 ‘new’ territories – signing Aeon
(the largest circuit in Japan), enabling entry into the Japanese market for the first time, and signing Pathe France
(the largest circuit in France), underlining the strategy to proceed with direct representation in France. Cinema
now has customers in 94 countries worldwide and is actively pushing to reach 100. Revenue expansion is also very
much on the agenda for Cinema, both through developing ancillary revenue streams with 3rd parties, and through
the development of new innovative product offerings.
Movio
Movio continued to see expansion in both key business metrics: Active Moviegoers increased 8% despite the
expiry of the AMC license (not a material contributor to revenue), and revenue per Active Moviegoer increased
by 25% (both metrics compared to 1H2017). Movio Media revenue increased 97% over 1H2017 driven by contracts
with STC, Sony, Lionsgate, FOX, Viacom and Epsilon. Movio Cinema revenue increased 20% led by successful
implementations of new customers in Cinemark Brazil and PVR India.
Additional Group Companies (AGC)
Performance in the AGC’s was mixed, Powster being the standout performer with strong revenue and EBITDA
(1)

growth plus an exciting portfolio of innovations which show great potential (notably ‘bots’ in Facebook Messenger
and direct ticketing through movieXchange). The MACCS business showed good progress in terms of delivery
to customers (with the key Warner Bros. project moving back to normal commercial terms), but the financial
outcomes in the first half continue to disappoint. Flicks undertook an accelerated investment approach in the
latter part of the half, and delivered some very encouraging growth numbers – hitting 1 million unique visitors
in a month for the first time.
(1) EBITDA is a non GAAP measure and is defined as earnings before net finance costs, income tax, depreciation and amortisation, acquisition
costs, capital gains/losses and equity accounted results from associate companies. Expenses related to the VCL deferred consideration are
also excluded. This is consistent with the measure used in the Prospectus dated 3 July 2014. Depreciation and amortisation in 1H2018 amounts
to $1.9m (1H2017: $1.6m).
01
INTERIM FINANCIAL STATEMENTS 2018

Early Stage Investments (ESI)
The ESI’s showed encouraging signs in the half, albeit off a small base. Both movieXchange and Cinema
Intelligence grew revenue strongly compared to 1H2017. The performance of movieXchange was primarily driven
by a strong increase in the volume of tickets being processed through movieXchange Tickets – with 5 ticketing
vendors connecting live to over 20 cinema circuits. Cinema Intelligence continued the turnaround from 2H2017,
with good revenue growth and a breakeven EBITDA
(1)
result for the half. Key new business signings for Cinema
Intelligence were achieved in Europe, USA and the Middle East. Stardust is focusing its energy on product
enhancements to expand appeal and stickiness.
Associate Companies
Numero achieved a strong revenue increase of 40% over 1H2017, with over 1,000 sites reporting in the key USA
market. Data collection was initiated in Thailand, Mexico and Nigeria – adding to existing collection in Korea,
South Africa, Malaysia and Singapore.
Vista China continued to perform strongly with the highlight being a 36% increase in revenue over 1H2017 and
the addition of 46 new Vista sites and 20 Veezi sites. On 24 August 2018, Vista Group confirmed the granting
of the final regulatory approvals required to approve the 7.9% equity purchase from its partner, Beijing Weying
Technology Co. Limited (WePiao). Refer to the market announcement on 24 August 2018 for further information.
Overall summary and outlook
A very pleasing first half performance provides confidence we can deliver to our guidance for the full year.
(1) EBITDA is a non GAAP measure and is defined as earnings before net finance costs, income tax, depreciation and amortisation, acquisition
costs, capital gains/losses and equity accounted results from associate companies. Expenses related to the VCL deferred consideration are
also excluded. This is consistent with the measure used in the Prospectus dated 3 July 2014. Depreciation and amortisation in 1H2018 amounts
to $1.9m (1H2017: $1.6m).
02
VISTA GROUP INTERNATIONAL LIMITED

STATEMENT OF COMPREHENSIVE INCOME
SIX MONTHS ENDED 30 JUNE 2018
30 JUNE 201830 JUNE 2017
NZ$’000NZ$’000
NOTEUNAUDITEDUNAUDITED

Revenue160,11250,109

Total revenue60,11250,109
Sales and marketing expenses4,5073,927
Operating expenses27, 57025,312
Administration expenses17,63311,796
Acquisition expenses93520
Foreign currency (gains)/losses (829)399

Total expenses 48,97441,954

Operating Profit11,1388,155
Finance costs(509)(553)
Finance income185231
Share of loss from associates4(1,731)(1,199)

Profit before tax9,0836,634
Tax expense (3,313)(2,987)

Profit for the period 5,7703,647

Profit for the period is attributable to:
Owners of the parent5,2143,828
Non-controlling interests 556(181)

5,7703,647

Other comprehensive income
Items that may be reclassified to profit or loss:
Exchange differences on translation of foreign operations, net of tax 1,658328

Total comprehensive income for the period 7,4283,975

Total comprehensive income for the period is attributable to:
Owners of the parent6,7214,101
Non-controlling interests 707(126)

7,4283,975
Earnings per share for profit attributable to the equity holders of the parent
Basic (cents per share)$0.03 $0.02
Diluted (cents per share) $0.03 $0.02

The above statement should be read in conjunction with the accompanying notes.
03
VISTA GROUP INTERNATIONAL LIMITED

ATTRIBUTABLE TO THE OWNERS OF THE PARENT
NON-
CONTROLLING
INTERESTS
TOTAL
EQUITY
CONTRIBUTED
EQUITY
RETAINED
EARNINGS
FOREIGN
CURRENCY
RESERVE
SHARE-BASED
PAYMENT
RESERVETOTAL
NOTENZ$’000NZ$’000NZ$’000NZ$’000NZ$’000NZ$’000NZ$’000

UNAUDITED
Balance at 31 December 2017 57,82175,2062,1011,749136,87711,224148,101
Change in accounting policy9-(1,295)--(1,295)(40)(1,335)

Restated total equity
at 1 January 2018
 57,82173,9112,1011,749135,58211,184146,766

Profit for the period-5,214--5,2145565,770
Other comprehensive income--1,507-1,5071511,658

Total comprehensive income-5,2141,507-6,7217077,428

Issue of equity-----100100
Share-based payments841--3941,235(1)1,234
Dividends paid7-(2,861)--(2,861)(563)(3,424)
VCL share based payment589--(524)65-65

Balance at 30 June 2018 59,25176,2643,6081,619140,74211,427152,169


UNAUDITED
Balance at 1 January 2017
55,65471,281(991)1,695127,63910,728138,367
Profit for the period-3,828--3,828(181)3,647
Other comprehensive income --273-27355328

Total comprehensive income -3,828273-4,101(126)3,975

Share-based payments249--150399-399
Dividends paid-(3,777)--(3,777)(699)(4,476)
VCL contingent consideration811--(448)363-363
Acquisition of
non-controlling interests
 423---423-423

Balance at 30 June 2017 57,13771,332(718)1,397129,1489,903139,051

The above statement should be read in conjunction with the accompanying notes.
STATEMENT OF CHANGES IN EQUITY
SIX MONTHS ENDED 30 JUNE 2018
04
INTERIM FINANCIAL STATEMENTS 2018

NOTE
30 JUNE 201831 DECEMBER 2017
NZ$’000NZ$’000
UNAUDITEDAUDITED


CURRENT ASSETS
Cash26,29620,954
Trade and other receivables567,61071,119
Income tax receivable 592212

Total current assets94,49892,285

NON-CURRENT ASSETS
Property, plant and equipment5,2934,637
Investment in associates425,00226,066
Goodwill364,17162,844
Other intangible assets617,95416,061
Deferred tax asset3,5272,342

Total non-current assets 115,947111,950

Total assets210,445204,235

CURRENT LIABILITIES
Trade and other payables18,41514,769
Deferred revenue23,17623,751
Contingent consideration951-
Borrowings related party659614
Income tax payable 1,5682,069

Total current liabilities44,76941,203

NON-CURRENT LIABILITIES
Borrowings related party216-
Borrowings11,08210,709
Deferred revenue3441,379
Contingent consideration-908
Provisions448292
Deferred tax liability1,4171,643

Total non-current liabilities 13,50714,931

Total liabilities 58,27656,134

Net assets 152,169148,101

EQUITY
Contributed equity59,25157,821
Retained earnings76,26475,206
Foreign currency revaluation reserve3,6082,101
Share-based payment reserve 1,6191,749

Total equity attributable to owners of the parent140,742136,877
Non-controlling interests 11,42711,224

Total equity 152,169148,101

For and on behalf of the Board who authorised these consolidated interim financial statements for issue
on 29 August 2018.
Kirk Senior Chairman Susan Peterson Chair Audit and Risk Committee
The above statement should be read in conjunction with the accompanying notes.
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2018
05
VISTA GROUP INTERNATIONAL LIMITED

NOTE
30 JUNE 201830 JUNE 2017
NZ$’000NZ$’000
UNAUDITEDUNAUDITED


CASHFLOWS FROM OPERATING ACTIVITIES
Receipts from customers61,21352,507
Interest received185231
Payments to suppliers(42,834)(41,496)
Taxes paid(5,741)(4,683)
Interest paid (323)(163)

Net cash inflow from operating activities 12,5006,396


CASHFLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment(1,480)(1,012)
Internally generated software and other intangibles6(4,032)(2,654)
Disposal of intangibles61,388-
Related party advance – Numero4(667)-
Contingent consideration paid-(2,824)
Proceeds from Vista China transaction 1656,222

Net cash applied to investing activities (4,626)(268)


CASHFLOWS FROM FINANCING ACTIVITIES
Loans and borrowings261197
Dividends paid to non-controlling interest(563)(699)
Dividends paid to the owners of the parent (2,861)(3,777)

Net cash outflow from financing activities (3,163)(4,279)

Net increase in cash 4,7111,849
Cash at the beginning of the year20,95421,338
Foreign exchange differences 63183

Cash at end of period 26,29623,270

The above statement should be read in conjunction with the accompanying notes.
STATEMENT OF CASHFLOWS
SIX MONTHS ENDED 30 JUNE 2018
06
INTERIM FINANCIAL STATEMENTS 2018

1. OPERATING SEGMENTS
Vista Group operates in the vertical cinema/film market via four operating segments and a corporate segment.
The Chief Executive and the Board of Vista Group are considered to be the Chief Operating Decision Maker (CODM)
in terms of NZ IFRS 8 Operating Segments. These segments have been defined based on the reports regularly
reviewed by the CODM to make strategic decisions.
The Cinema segment includes software associated with cinema management via the Vista software suite of
products, plus the cloud based VEEZI product for smaller scale cinemas. The newly acquired Mexican business
partner, Vista Latin America, is reported within the Cinema segment. Refer to note 2 for further detail. The Movio
segment includes Movio Cinema and Movio Media that provide data analytics and campaign management.
The Additional Group Companies segment is an aggregation of the MACCS, Powster and Flicks businesses, none
of which individually exceed the 10% threshold for segment revenue or profitability that would require separate
disclosure under NZ IFRS 8 Operating Segments. Early Stage Investments as a segment includes businesses that
are in the start-up phase of their life cycle. This segment includes Stardust, movieXchange and Share Dimension
(Cinema Intelligence). Similar to the Additional Group Companies segment, none of the businesses included in this
segment individually exceed the 10% threshold for segment revenue or profitability that would require separate
disclosure under NZ IFRS 8 Operating Segments. The Corporate segment contains the shared services functions
associated with Vista Group International, being legal, finance, senior management and facilities. Revenue related
to the associate company Vista China is recognised within the Corporate segment.
JUNE 2018
CINEMAMOVIO
ADDITIONAL
GROUP
COMPANIES
EARLY STAGE
INVESTMENTSCORPORATETOTAL
NZ$’000NZ$’000NZ$’000NZ$’000NZ$’000NZ$’000

TIMING OF REVENUE RECOGNITION
At a point in time
16,0853,3428951,849-22,171
Over time23,6175,2235,8253922,88437,941

Total revenue39,7028,5656,7202,2412,88460,112
Operating expenses(19,360)(3,892)(3,440)(785)(93)(27,570)
Sales, general and administration expenses(8,620)(3,220)(2,734)(1,036)(4,646)(20,256)
Foreign currency gains/(losses)1,075702337(376)829

EBITDA
(1)
12,7971,523569457(2,231)13,115

JUNE 2017 RESTATED
CINEMAMOVIO
ADDITIONAL
GROUP
COMPANIES
EARLY STAGE
INVESTMENTSCORPORATETOTAL
NZ$’000NZ$’000NZ$’000NZ$’000NZ$’000NZ$’000

TIMING OF REVENUE RECOGNITION
At a point in time11,1871,666822143-13,818
Over time21,3574,7365,0601315,00836,291

Total revenue32,5446,4025,8802745,00850,109
Operating expenses(18,065)(3,266)(2,975)(680)(326)(25,312)
Sales, general and administration expenses(6,755)(1,760)(2,028)(503)(3,048)(14,094)
Foreign currency (losses)(45)(60)(13)(6)(275)(399)

EBITDA
(1)
7,6801,316864(915)1,35910,304

NOTES TO THE FINANCIAL STATEMENTS
(1) EBITDA is a non GAAP measure and is defined as earnings before net finance costs, income tax, depreciation and amortisation, acquisition
costs, capital gains/losses and equity accounted results from associate companies.
07
VISTA GROUP INTERNATIONAL LIMITED

A reconciliation of EBITDA
(1)
to operating profit before tax for the period is as follows:


30 JUNE 201830 JUNE 2017
NZ$’000NZ$’000
UNAUDITEDUNAUDITED

EBITDA
(1)
13,11510,304
Depreciation & Amortisation (1,884)(1,629)

EBIT
(2)
11,2318,675
Finance income185231
Finance expense(509)(553)
Acquisition costs(93)(520)
Share of loss from associates(1,731)(1,199)

Operating profit before tax 9,0836,634

Revenue by domicile of entity
Vista Group recognises revenue within entities across several jurisdictions. Revenue is allocated to geographical
regions on the basis of where the sale is recorded by each operating entity within Vista Group. Independent resellers
are used to promote Vista Group’s products in multiple jurisdictions. The revenues recognised via these independent
resellers are not allocated geographically, rather they are shown within the New Zealand and United Kingdom
jurisdictions on the basis of the location of the transacting Vista Group entity.
DOMICILE OF ENTITY
30 JUNE 2018
RESTATED
30 JUNE 2017
NZ$’000NZ$’000
UNAUDITEDUNAUDITED

New Zealand15,97018,711
United States19,68716,666
United Kingdom13,14411,276
Other11,3113,456

Revenue 60,11250,109

The Other category above includes entities in the Netherlands, Germany, Romania, South Africa and Mexico.
Non-current assets by domicile of entity
Non-current operating assets by location of the reporting entity are presented in the following table:
DOMICILE OF ENTITY
30 JUNE 201831 DECEMBER 2017
NZ$’000NZ$’000
UNAUDITEDAUDITED

New Zealand40,38735,492
United States8,8248,589
United Kingdom8,9909,789
Other32,74432,014

Note that investment in associates is excluded from the non-current assets balance presented.
(1) EBITDA is a non GAAP measure and is defined as earnings before net finance costs, income tax, depreciation and amortisation, acquisition
costs, capital gains/losses and equity accounted results from associate companies.
(2) EBIT is a non GAAP measure and is defined as earnings before net finance costs, income tax, acquisition costs, capital gains/losses and equity
accounted results from associate companies.
08
INTERIM FINANCIAL STATEMENTS 2018
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

2. BUSINESS COMBINATIONS
SENDA DIRECCION TECHNOLOGICA, SA DE CV
Transaction description
The 2017 Annual Report included information and provisional outcomes related to the purchase of a controlling
60% stake in our long-term Latin American business partner, Senda Direccion Technologica SA De CV (renamed
and referred to as “Vista Latin America” post-acquisition). The outcomes of the acquisition are now finalised and
summarised in the tables below.
Details of the purchase consideration, the net assets acquired and goodwill are as follows:
NZ$’000

Cash9,956
Shares – Vista Group684
Contingent consideration881

Total purchase consideration11,521

The assets and liabilities recognised as a result of the acquisition are as follows:
NZ$’000

Property, plant and equipment57
Intangible assets52
Cash on hand2,411
Trade and other receivables4,576
Other assets1,207
Trade and other payables(262)
Other liabilities(6,048)

Net identifiable assets acquired1,993


Net assets acquired at 60%1,196
Goodwill10,325

Total purchase consideration11,521

3. GOODWILL


30 JUNE 201831 DECEMBER 2017
NZ$’000NZ$’000
UNAUDITEDAUDITED

Gross carrying amount
Balance 1 January66,39853,839
Acquisition through business combinations-10,325
Exchange differences1,3272,234

Balance 67,72566,398

Accumulated impairment
Balance 1 January(3,554)(3,554)

Balance (3,554)(3,554)

Carrying amount 64,17162,844

09
VISTA GROUP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

Goodwill can be analysed by Cash Generating Unit (CGU) as follows:


30 JUNE 201831 DECEMBER 2017
NZ$’000NZ$’000
UNAUDITEDAUDITED

Vista Entertainment Solutions Limited (VESL)24,24723,384
Virtual Concepts Limited (VCL) – (Movio)16,97016,970
MACCS International BV (MACCS)12,70912,459
Share Dimension BV (Cinema Intelligence)1,9961,959
Powster Limited (Powster)7,6457,468
Flicks.co.nz Limited (Flicks)604604

Goodwill at period end 64,17162,844

The VESL CGU includes $10.3m of goodwill related to the acquisition of Vista Latin America.
4. ASSOCIATE COMPANIES
VISTA CHINA
Vista Group has a 39.53% interest in Vista Entertainment Solutions Shanghai Limited (Vista China), an associate
company that has been accounted for using the equity method in the consolidated interim financial statements.
On 20 February 2018, Vista Group announced that it had signed agreements to reacquire 7.9% of the equity
in Vista China. This equity purchase combined with shareholder agreements will result in Vista China becoming
a subsidiary of Vista Group. These agreements are subject to regulatory approval in China and as at balance date,
this approval is yet to be received. Therefore, at 30 June 2018, Vista China continues to be equity accounted
as an associate company.
The related party balances with Vista China are detailed in the table below:
ENTITYNATURE OF TRANSACTIONS
RECEIVABLE/
(PAYABLE)
RECEIVABLE/
(PAYABLE)
30 JUNE 201831 DECEMBER 2017
NZ$’000NZ$’000
UNAUDITEDAUDITED

Vista ChinaRelated party receivable6,90812,780
Vista ChinaRelated party payable(4,748)(3,199)

Net receivable 2,1609,581

Related party transactions for the 6 months ended 30 June 2018 were as follows:
SIX MONTHS ENDED 30 JUNE 2018
30 JUNE 201830 JUNE 2017
NZ$’000NZ$’000
UNAUDITEDUNAUDITED

License fees-3,974
Development fees1,8518
Maintenance fees1,0331,033
Recoverable expenses416

Total 2,8885,031

During the period, Vista Group recognised $2.9m of revenue from Vista China (2017: $5.0m). The Statement of
Financial Position includes $4.4m (2017: $7.3m) as deferred revenue for development and maintenance which
is estimated to be recognised over the next one and two years respectively.
10
INTERIM FINANCIAL STATEMENTS 2018
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

The related party receivable of $6.9m (2017: $12.8m) includes $5.5m (2017: $5.4m) for receivables owing prior
to the sale of a controlling stake in Vista China and $1.2m relates to amounts owing under the reseller agreement
between Vista Group and Vista China.
All related party transactions during the period were made on normal commercial terms and no amounts owed
by related parties have been provided for, written off or forgiven during the period.
A summarised Income Statement for Vista China and a reconciliation to the equity accounted loss recognised
in Vista Group is detailed below for the six months ended 30 June 2018. This has been amended to reflect
adjustments made to align the associate accounting policies to Vista Group accounting policies.
SIX MONTHS ENDED 30 JUNE 2018
30 JUNE 201830 JUNE 2017
NZ$’000NZ$’000
UNAUDITEDUNAUDITED

Revenue 8,7206,433
Total expenses (11,507)(9,521)

Operating loss(2,787)(3,088)
Finance income9654
Loss for the period (2,691)(3,034)

Vista Group equity accounted interest 39.53%39.53%

Vista Group equity accounted loss for the period(1,064)(1,199)

A summarised Statement of Financial Position as at 30 June 2018 is presented below:


30 JUNE 201831 DECEMBER 2017
NZ$’000NZ$’000
UNAUDITEDAUDITED

Cash 26,67431,178
Trade and other receivables 12,37617,036

Total current assets39,05048,214
Total non-current assets 424316

Total assets 39,47448,530

Total liabilities (13,440)(18,719)

Net assets 26,03429,811

The carrying value of the investment in the associate Vista China held by Vista Group is detailed below:


30 JUNE 201831 DECEMBER 2017
NZ$’000NZ$’000
UNAUDITEDAUDITED

Opening net assets28,72532,780
Loss for the period(2,691)(4,055)

Closing net assets 26,03428,725

Vista Group interest39.53%39.53%
Vista Group’s share10,29111,355
Goodwill14,71114,711

Carrying amount 25,00226,066

11
VISTA GROUP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

NUMERO LIMITED
Vista Group has a 50% interest in Numero Limited (Numero), an associate that is accounted for using the equity
method in the consolidated interim financial statements.
All related party transactions during the period were made on normal commercial terms. During the period,
a provision of $0.7m (2017: Nil) was recognised within the share of loss from associates in relation to advances
made to Numero. This is consistent with the treatment at year end 31 December 2017, at which date a provision
of $1.7m was recognised.
The types of related party transactions undertaken during the period relate to recharges for development work
undertaken and advances made.
ENTITY NATURE OF TRANSACTIONS
30 JUNE 201831 DECEMBER 2017
NZ$’000NZ$’000

Numero LimitedRelated party loan2,6212,621
Numero LimitedRelated party advance5,1624,495
Numero LimitedProvision for impairment(2,370)(1,703)

Total 5,4135,413

The related party transactions incurred during the period include:
SIX MONTHS ENDED 30 JUNE 2018
30 JUNE 201830 JUNE 2017
NZ$’000NZ$’000

Recharges – license fees221175
Recharges – development fees253241
Recharges – other advances63-
Recharges – interest on loan130130

Total 667546

The amounts receivable are unsecured and no guarantees are in place. Vista Group can call the debt recognised
as an intercompany receivable at any time. Interest of 10% is charged against the intercompany loan per the
loan agreement.
Vista Group ceased to recognise further losses related to the associate company Numero in FY2015 as accumulated
losses would exceed Vista Group’s equity interest. Losses were previously recognised to the extent of the value held
in equity for Numero, however this has now been offset by Vista Group’s share of losses. During the period, Numero
made a loss of $0.9m, Vista Group’s share being $0.5m (2017: $0.3m).
12
INTERIM FINANCIAL STATEMENTS 2018
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

5. TRADE AND OTHER RECEIVABLES


30 JUNE 201831 DECEMBER 2017
NZ$’000NZ$’000
UNAUDITEDAUDITED

Trade receivables39,00545,618
Sundry receivables12,08511,414
Accrued revenue8,2896,193
Prepayments2,8182,481
Related party loan – Numero2,6212,621
Related party advance – Numero2,7922,792

Total trade and other receivables 67,61071,119

Trade receivables include a receivable from Vista China of $6.9m (2017: 12.8m). Sundry receivables include a receivable
of $8.8m (2017: $8.7m) from WePiao related to the equity purchase of 18.3% of Vista China. The related party
advance of $2.8m for Numero is presented net of a provision for impairment of $2.4m (2017: $1.7m).
The following table summarises the impact of IFRS 9 Financial Instruments on the trade receivables balance
as at 30 June 2018:
30 JUNE 2018
NZ$’000

Trade receivables – gross41,000
IFRS 9 credit loss estimate(1,318)
Doubtful debts provision(677)

Trade receivables – net of provisions39,005

6. OTHER INTANGIBLE ASSETS
UNAUDITED
INTERNALLY
GENERATED
SOFTWARE
SOFTWARE
LICENSES
INTELLECTUAL
PROPERTY
CUSTOMER
RELATIONSHIPSTOTAL
NZ$’000NZ$’000NZ$’000NZ$’000NZ$’000

Gross carrying amount
Balance 1 January9,7622,6452,1367,80822,351
Internally generated software4,032---4,032
Disposals- --(3,068)(3,068)
Exchange differences72(13)29155243

Balance 30 June 201813,8662,6322,1654,89523,558


Accumulated amortisation
Balance 1 January(626)(1,068)(725)(3,871)(6,290)
Disposals---1,7611,761
Current year amortisation(430)(88)(123)(433)(1,074)
Exchange differences(1)(2)(21)23(1)

Balance 30 June 2018(1,057)(1,158)(869)(2,520)(5,604)

Carrying amount 30 June 201812,8091,4741,2962,37517,954

13
VISTA GROUP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

AUDITED
INTERNALLY
GENERATED
SOFTWARE
SOFTWARE
LICENSES
INTELLECTUAL
PROPERTY
CUSTOMER
RELATIONSHIPSTOTAL
NZ$’000NZ$’000NZ$’000NZ$’000NZ$’000

Gross carrying amount
Balance 1 January
4,8142,3621,9407, 27516,391
Acquisition through business
combinations
-52--52
Internally generated software4,937---4,937
Additions-5216-68
Exchange differences11179180533903

Balance 31 December 20179,7622,6452,1367,80822,351


Accumulated amortisation
Balance 1 January
(96)(816)(449)(2,241)(3,602)
Current year amortisation(529)(212)(340)(1,268)(2,349)
Exchange differences(1)(40)64(362)(339)

Balance 31 December 2017(626)(1,068)(725)(3,871)(6,290)

Carrying amount 31 December 20179,1361,5771,4113,93716,061

On 23 March 2018, Vista Group announced the termination of the French market distribution agreement with Côté
Ciné Group (CCG). This resulted in the disposal of the customer relationship previously recognised. A settlement
payment of $1.4m was received and a net gain on disposal of $29,000 was recognised.
7. DIVIDENDS
During the period, Vista Group paid the final dividend related to FY2017 of $2.9m (2017: $3.8m). Note that there
was no interim dividend paid during FY2016 and therefore only a final dividend paid in the first half of FY2017.
8. GENERAL INFORMATION
Vista Group is a company incorporated and domiciled in New Zealand, and whose shares are publicly traded
on the New Zealand Stock Exchange (NZX) and the Australian Securities Exchange (ASX).
The principal activity of Vista Group is the sale, support and associated development of software for the film industry.
These consolidated interim financial statements were approved for issue on 29 August 2018.
These consolidated interim financial statements are not audited.
9. BASIS OF PREPARATION OF HALF YEAR REPORT
The consolidated interim financial statements of Vista Group have been prepared in accordance with Generally
Accepted Accounting Practice New Zealand (NZ GAAP). They comply with NZ IAS 34 Interim Financial Reporting
and IAS 34 Interim Financial Reporting. The Interim Report does not include all the notes of the type normally
included in an Annual Report. Accordingly, this report is to be read in conjunction with the Annual Report for
the financial year ended 31 December 2017.
The accounting policies and methods of computation and presentation adopted in the consolidated interim financial
statements are consistent with those described and applied in the Annual Report for the financial year ended
31 December 2017. The only exception is the adoption of new or amended standards as set out below.
Taxes on income in the interim periods are accrued for using the tax rate that would have been applicable
to expected total annual profit or loss.
14
INTERIM FINANCIAL STATEMENTS 2018
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

New accounting standards adopted by Vista Group
A number of new standards become applicable for the current reporting period and Vista Group has had
to change its accounting policies as a result of adopting the following standards:
• IFRS 9 Financial Instruments
• IFRS 15 Revenue from Contracts with Customers
The impact of the adoption of these new standards is disclosed below.
Impact of standards issued but not yet adopted by Vista Group
IFRS 16 Leases was issued in January 2016. It will result in almost all leases being recognised in the Statement
of Financial Position, as the distinction between operating leases and finance leases is removed. The standard
is mandatory for reporting periods beginning on or after 1 January 2019. Vista Group does not intend to adopt
the standard before its mandatory effective date and is yet to assess its full impact.
Changes in accounting policies
This note explains the impact of the adoption of IFRS 9 and IFRS 15 on Vista Group’s consolidated interim financial
statements and also discloses the new accounting policies that have been applied from 1 January 2018, where they
are different to those applied in prior periods.
IFRS 9 Financial Instruments – impact of adoption
IFRS 9, as it relates to Vista Group, replaces the provisions of IAS 39 that relate to the recognition, classification,
measurement and impairment of financial assets. The adoption of IFRS 9 from 1 January 2018 resulted in changes
in accounting policies and adjustments to the amounts recognised in the consolidated interim financial statements.
The new accounting policies are set out in the sections below, along with the impact on the consolidated interim
financial statements.
Vista Group has applied IFRS 9 retrospectively, but has elected not to restate comparative information. As a result,
the comparative information provided continues to be accounted for in accordance with Vista Group’s previous
accounting policies.
Classification and measurement
IFRS 9 impacts the following classifications of financial assets:
• Cash
• Trade receivables
• Loan and receivables to the associate company Numero
• Sundry receivables
From 1 January 2018, Vista Group classifies its financial assets as being measured at amortised cost. Until December
2017, Vista Group classified its financial assets as loans and receivables. There was no change in the fair value of
the financial assets as a result of the reclassification.
At initial recognition, Vista Group measures a financial asset at its fair value plus transaction costs that are directly
attributable to the acquisition of the financial asset.
Impairment
From 1 January 2018, Vista Group assesses on a forward-looking basis, the expected credit losses associated with
its financial assets carried at amortised cost. The impairment methodology applied depends on whether there has
been a significant increase in credit risk.
In assessing whether there has been a significant increase in credit risk, Vista Group considers both forward
looking and financial history of counterparts to assess the probability of default or likelihood that full settlement
is not received.
For trade receivables, Vista Group applies the simplified approach permitted by IFRS 9, which requires expected
lifetime credit losses to be recognised from initial recognition of the trade receivables.
15
VISTA GROUP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

Trade receivables are written off when there is no reasonable expectation of recovery. Indicators that there is no
reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan
with Vista Group, and a failure to make contractual payments for a period of greater than 180 days past due.
The expected credit loss allowances for financial assets are based on assumptions about risk of default and
expected credit loss rates. Vista Group uses judgement in making these assumptions and selecting the inputs
to the impairment calculation. This is based on Vista Group’s past history, existing market conditions as well as
forward looking estimates at the end of each reporting period. Details of key assumptions and judgements are
included in each section below.
Cash
While cash and cash equivalents are subject to the impairment requirements of IFRS 9, the identified impairment
loss was immaterial.
Trade receivables
Vista Group’s trade receivables are subject to IFRS 9’s expected credit loss model. Vista Group has applied
the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected credit loss
allowance for all trade receivables. To measure expected credit losses, trade receivables have been grouped and
reviewed on the basis of the number of days past due. The expected credit loss allowance has been calculated
by considering the impact of the following characteristics:
• The Baseline characteristic considers the age of each invoice and applies an increasing expected credit loss
estimate as the trade receivable ages.
• The Aging and Write offs characteristics consider the history of write off related to the specific customer and
the relative size of aged debt to current debt. If the trade receivable aged over 180 days makes up more than
45% of the total trade receivable for a specific customer, further provision for expected credit loss is added.
• The Country, Customer and Market characteristics consider the relative risk related to the country and/or region
within which the customer resides and makes an assessment of the financial strength of the customer and the
market position that Vista Group has achieved within that market.
The expected credit loss allowance as at 1 January 2018 was determined as follows for trade receivables:
1 JANUARY 2018
CURRENT
91-180 DAYS
PAST DUE
181-270 DAYS
PAST DUE
271-360 DAYS
PAST DUE
361+ DAYS
PAST DUETOTAL
NZ$’000NZ$’000NZ$’000NZ$’000NZ$’000NZ$’000

Gross carrying amount21,87511,9372,7351,7288,31946,594
Baseline54884043410635
Aging and Write offs533456373471
Country, Customer and Market 51491513101229

Total expected credit loss rate0.50%1.17%3.27%6.47%10.62%2.86%

Expected credit loss allowance110140891128841,335

The expected credit loss allowance for trade receivables as at 31 December 2017, as reported in the Annual Report,
reconciles to the opening loss allowance on 1 January 2018 as follows:
NZ$’000

Loss allowances for trade receivables
At 31 December 2017 – calculated under IAS 39
976
Amounts restated through opening retained earnings1,335

Opening loss allowance as at 1 January 2018 – calculated under IFRS 92,311

Over the period, the trade receivables position has improved resulting in a reduction in the expected credit loss
allowance of $17,000. This amount was recognised during the period within the Statement of Comprehensive Income.
16
INTERIM FINANCIAL STATEMENTS 2018
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

Loan and receivables to associate company Numero
The loan and receivables from Numero are subject to the requirements of IFRS 9. For these amounts, Vista Group has
applied the general approach mandated under IFRS 9 to assess the impairment provision, which involves assessing
the lifetime recoverability of these receivables as the credit risk has increased since initial recognition.
Vista Group has considered reasonable and supportable information available to calculate the present value of
future cashflows of Numero based on a five year period. Management judgement has been applied in determining
the inputs for future periods and the discount rate applied. This analysis calculated the amount of debt supportable
by Numero based on discounted future cash flows to be $5.4m at both 30 June 2018 and 31 December 2017.
At 31 December 2017, Vista Group recognised an expected credit loss allowance amounting to $1.7m, leaving a net
receivable across both the loan and other advances of $5.4m. As a result, no changes have been identified from
the adoption of IFRS 9. Consistent with this approach, related party advances made in the first half of 2018 of
$0.7m have been provided for to keep the total net receivable amount from Numero at $5.4m.
Sundry receivables
At balance date, Vista Group holds a total of $12.1m of sundry receivables. Management has applied judgement to
remove $3.3m, primarily of consumption tax receivable, from the impairment calculation as the counter parties are
local tax authorities and therefore they have a high level of certainty in terms of recoverability.
The balance of sundry receivables is made up of a receivable from WePiao of $8.8m (2017: $8.7m) related to the sale
of 18.3% of Vista China in 2016. Refer to the 2016 Annual Report for further detail. On 20 February 2018, Vista Group
announced that it had signed agreements to acquire 7.9% of Vista China from WePiao. Whilst regulatory approval
to complete the transaction is still pending, Vista Group has agreed to set off the monies outstanding from WePiao
against the purchase of equity. Using the criteria identified above for gauging whether there is a significant
increase in credit risk, Vista Group has concluded that there is no requirement for impairment.
IFRS 15 Revenue from Contracts with Customers – impact of adoption
Vista Group adopted IFRS 15 from 1 January 2018, which resulted in changes in accounting policies relating to the
recognition of revenue.
Following a detailed review of Vista Group’s portfolio of contracts, Management concluded that the implementation
of IFRS 15 has no material impact on the way in which Vista Group recognises revenue. Therefore, there is no
requirement to restate revenue reported in prior periods. The details of the review process are outlined below.
Accounting policies have been amended to ensure that the five-step method, as defined in IFRS 15, is applied
consistently to revenue recognition processes across Vista Group.
Process and policy
To assess the impact of IFRS 15 on Vista Group, contracts within each segment were aggregated to create
portfolios of contracts. An individual contract from each portfolio was selected as being representative of each
unique contract type. For each contract type, the five-step method was applied to assess the impact on revenue
recognition.
The five-step method for recognising revenue from contracts with customers involves consideration of the following:
1. Identifying the contract with the customer
2. Identifying performance obligations
3. Determining the transaction price
4. Allocating the transaction price to distinct performance obligations
5. Recognising revenue
The tables below provide further information on the application of IFRS 15 across the major segments in Vista Group.
The segments detailed below represent 91% of Vista Group’s revenue for the six months ended 30 June 2018.
17
VISTA GROUP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

Cinema Segment
REVENUE TYPEDESCRIPTIONKEY JUDGEMENTSOUTCOME
TIMING OF REVENUE
RECOGNITION
Product –
Cinema
Perpetual ERP software
license targeted at larger
cinema circuits.
Determining the distinct
performance obligations
and whether items are
required to be bundled
to form a distinct
performance obligation.
Providing a software
license is a distinct
performance obligation
and is not required to
be bundled with other
performance obligations.
Point in time
Recognised at the
point in time when the
software goes live, which
is when the customer
is able to benefit from
using the software.
Product –
VEEZI
Subscription-based
software targeted at
small and independent
theatres. Revenue
includes a fixed monthly
fee plus a variable
component based on the
number of tickets sold.
Determining whether
a sales-based license
of intellectual property
exists. Determining
whether there is a
sales-based variable
component.
The subscription to Veezi
is a sales-based license
of intellectual property.
There is a sales-based
variable component.
Point in time
Recognised at the end
of each month once the
sales-based variable
usage is known.
Maintenance
- Cinema
Basic support and
any enhancements
or upgrades to
the software.
No major judgement
required, other than
confirming the scope
and period of the
maintenance contract.
N /A
Over time
Benefits are
simultaneously received
and consumed; revenue
is recognised over the
maintenance term.
Services &
Development
Value-add services,
implementation
services and bespoke
development of
the software.
Determining whether the
services & development
provided are a distinct
performance obligation.
The services &
development are a
distinct performance
obligation as they are
not highly dependent
or interrelated to other
performance obligations
in the contract.
Over time
Recognised when the
service is complete
or on a stage of
completion basis.
Movio Segment
REVENUE TYPEDESCRIPTIONKEY JUDGEMENTSOUTCOME
TIMING OF REVENUE
RECOGNITION
Product –
Cinema
Movio Cinema cloud-
hosted data, marketing
and analytics platform.
Customers are charged
an annual access fee
to the platform plus a
variable component
(see below).
Determining whether
the platform access is
a distinct performance
obligation.
Access to the platform
is a distinct performance
obligation and is not
required to be bundled
with other performance
obligations.
Over time
Platform access
is recognised over
time as benefits are
simultaneously received
and consumed.
Variable revenue
based on the number
of active members
managed and the
number of promotional
messages sent during
a given period.
Determining if a
usage-based license
of intellectual
property exists.
The variable revenue
is a usage-based license
of intellectual property.
Point in time
Variable license revenue
is recognised at the end
of each month once
usage-based quantities
are known.
18
INTERIM FINANCIAL STATEMENTS 2018
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

REVENUE TYPEDESCRIPTIONKEY JUDGEMENTSOUTCOME
TIMING OF REVENUE
RECOGNITION
Product –
Media
Movio Media cloud-
hosted data, marketing
and analytics platform.
Determining whether
the platform access is
a distinct performance
obligation.
Access to the platform
is a distinct performance
obligation and is not
required to be bundled
with other performance
obligations.
Over time
Platform access
is recognised over
time as benefits are
simultaneously received
and consumed.
Targeted marketing
campaigns, digital
advertising and reports.
No major judgement
required.
N /A
Point in time
Revenue is recognised
when the campaigns and
reports are completed.
Services Value-add services, data
scientist services and
setup & configuration.
Determining whether the
services provided are
a distinct performance
obligation.
The services are a
distinct performance
obligation as they are
not highly dependent
or interrelated to other
performance obligations
in the contract.
Over time
Recognised when the
service is complete
or on a stage of
completion basis.
Additional Group Companies Segment
REVENUE TYPEDESCRIPTIONKEY JUDGEMENTSOUTCOME
TIMING OF REVENUE
RECOGNITION
Product –
Showtimes
Platform
Website and marketing
platform for feature
films, incorporating
Showtimes data.
Determining the distinct
performance obligations
and the requirements
to bundle performance
obligations.
Two distinct performance
obligations exist;
platform creation and
incorporating Showtimes
data.
Point in time
Recognised at a point in
time when the Platform
is live and subsequently
when the Showtimes
data is incorporated.
Product –
MACCS
Perpetual theatrical
distribution software
for film distributors.
Determining the distinct
performance obligations
and whether they are
required to be bundled
as one performance
obligation.
Provision of the
software license is a
distinct performance
obligation,but is required
to be bundled with
development where the
license is dependent on
the development.
Point in time
Recognised at a point
in time when the territory
is live on the software,
and the customer is
able to benefit from
the software license.
Maintenance
– MACCS
Basic support and
any enhancements
or upgrades of
the software.
No major judgment
required, other than
confirming the scope
and period of the
maintenance contract.
N /A
Over time
Benefits are
simultaneously received
and consumed; revenue
recognised over the
maintenance term.
Services &
Development
Value-add services,
implementation
services and bespoke
development of
the software.
Determining the distinct
performance obligation
and whether the
development is required
to be bundled to form
a distinct performance
obligation.
Where the services &
development are highly
interrelated to a license,
they are bundled with
the license as a single
performance obligation.
Otherwise, the services
& development are a
distinct performance
obligation.
Over time
Recognised when the
services & development
are complete
or on a stage of
completion basis.
In terms of impact to the presentation of the consolidated interim financial statements, IFRS 15 requires the
disaggregation of revenue to provide clear and meaningful information. For Vista Group, Management concluded that
presentation of revenue in terms of the method of revenue recognition was most appropriate. Therefore, revenue is
disaggregated in the operating segments note (refer to note 1) as amounts recognised at a point in time and over time.
19
VISTA GROUP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

10. FINANCIAL INSTRUMENTS
Management determines the classification of Vista Group’s financial liabilities at initial recognition. Vista Group’s
financial liabilities for the periods covered by these consolidated interim financial statements consist only of loans,
trade payables and contingent consideration.
Vista Group measures all financial liabilities, with the exception of contingent consideration, at amortised cost in
the periods covered by these consolidated interim financial statements. Contingent consideration is measured at
fair value. Contingent consideration is classified as equity or a financial liability. Amounts classified as a financial
liability are subsequently remeasured to fair value with changes in the fair value recognised in the Statement of
Comprehensive Income.
Financial liabilities measured at amortised cost are non-derivative financial liabilities with fixed or determinable
payments that are not quoted in an active market. Trade and other payables, employee benefits, related party
loans and borrowings are classified as financial liabilities measured at amortised cost.
Recognition and derecognition
Financial liabilities are derecognised if Vista Group’s obligations specified in the contract expire or are discharged
or cancelled.
Measurement
At initial recognition, Vista Group measures a financial liability at its fair value. After initial recognition, financial
liabilities are measured at amortised cost using the effective interest method.
Refer to note 9 for policies related to financial assets.
Fair value of financial assets and liabilities
Vista Group’s financial assets and liabilities by category are summarised as follows:
Cash and short term deposits
These are short term in nature and their carrying value is equivalent to their fair value.
Trade, related party and other receivables
These assets are short term in nature and are reviewed for impairment; their carrying value approximates their
fair value.
Trade, related party and other payables
These liabilities are mainly short term in nature with their carrying value approximating their fair value.
Related party loans
Fair value is estimated based on current market interest rates available for receivables of similar maturity and risk.
The interest rate is used to discount future cash flows.
Borrowings
Borrowings have fixed and floating interest rates. Fair value is estimated using the discounted cash flow model
based on a current market interest rate for similar products; their carrying value approximates their fair value.
Fair values
Vista Group’s financial instruments that are measured subsequent to initial recognition at fair value are grouped
into levels based on the degree to which the fair value is observable:
Level 1 - fair value measurements derived from quoted prices in active markets for identical assets.
Level 2 - fair value measurements derived from inputs other than quoted prices included within level 1 that are
observable for the asset or liability, either directly or indirectly.
Level 3 - fair value measurements derived from valuation techniques that include inputs for the asset or liability
which are not based on observable market data.
There have been no transfers between levels or changes in the valuation methods used to determine the fair value
of Vista Group’s financial instruments during the period. As at 30 June 2018, Vista Group had $0.9m (2017: $3.1m)
of level 3 financial instruments related to contingent consideration.
20
INTERIM FINANCIAL STATEMENTS 2018
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

Financial instruments by category


30 JUNE 201831 DECEMBER 2017
NZ$’000NZ$’000
UNAUDITEDAUDITED

Financial assets measured at amortised cost
Cash26,29620,954
Trade receivables39,00545,618
Sundry receivables12,08411,414
Related party loan – Numero2,6212,621
Related party advance – Numero2,7922,792

82,79883,399


Financial liabilities measured at amortised cost
Trade payables
7,2484,413
Sundry accruals4,7563,988
Borrowings11,08211,323
Financial liabilities measured at fair value
Contingent consideration951908

24,03720,632

11. OTHER DISCLOSURES
Contingent liabilities
There were no contingent liabilities for Vista Group at 30 June 2018 (2017: $Nil).
Capital commitments
There were no capital commitments for Vista Group at 30 June 2018 (2017: $Nil).
Related parties
Related parties are materially consistent with those disclosed in the 2017 Annual Report.
Events after balance date
China transaction
Vista Group confirmed the granting of the final regulatory approvals required to approve the 7.9% equity purchase from
its partner, Beijing Weying Technology Co. Limited (WePiao). This was announced to the market on 24 August 2018.
Approval of interim dividend
On 29 August 2018, the directors approved a fully imputed dividend of 1.6 cents per share. The dividend record
date is 13 September 2018 and the payment date 27 September 2018.
There have been no other events subsequent to 30 June 2018 which materially impact the results reported (2017: Nil).
21
VISTA GROUP INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED

VISTA GROUP INTERNATIONAL LIMITED
Level 3, 60 Khyber Pass Road
Newton, Auckland 1023
Phone: +64 9 984 4570
Fax: +64 9 379 0685
Email: info@vistagroup.co.nz
Website: www.vistagroup.co

---

MARKET ANNOUNCEMENT
29 August 2018, Vista Group International Ltd, Auckland, New Zealand

Vista Group – NZX Appendix 7

The Appendix 7 details required under the NZX listing rules are contained on the following page



Rodney Hyde, Chief Financial Officer
Vista Group International
Contact +64 9 984 4570

APPENDIX 7 – NZSX Listing Rules
Num b er of pages including this one
(Please provide any other relevant
NZSX Listing Rule 7.12.2. For rights, NZSX Listing Rules 7.10.9 and 7.10.10. details on additional pages)
For change to allotm ent, NZSX Listing Rule 7.12.1, a separate advice is required.
Full nam e
of Issuer
Nam e of officer authorised to
Authority for event,
m ak e this notice
e.g. Directors' resolution
Contact phone
Contact fax
numb ernumb erDate
Nature of event
BonusIf tick ed,Rights Issue
Tick as appropriateIssuestate whether:Taxab le/ Non Taxab leConversionInterestRenouncab le
Rights IssueCapitalCallDividend
If ticked, stateFull
non-renouncab le
change
X
whether:
Interim
X
Ye a rSpecialDRP Applies
EXISTING securities affected by this
If m ore than one security is affected b y the event, use a separate form .
Description of theISIN
class of securities
If unk nown, contact NZX
Details of securities issued pursuant to this eventIf m ore than one class of security is to b e issued, use a separate form for each class.
Description of theISIN
class of securities
If unk nown, contact NZX
Num b er of Securities toMi n i m u m
Ratio, e.g
b e issued following eventEntitlem ent
1 for 2 for
Conversion, Maturity, Call
Treatm ent of Fractions
Payab le or Exercise Date
Tick if
provide an
pari passu
ORexplanation
Strik e price per security for any issue in lieu or date
of the
Strik e Price availab le.
rank ing
Monies Associated with Event
Dividend payab le, Call payab le, Exercise price, Conversion price, Redem ption price, Application m oney.
Source of
Am ount per securityPayment
(does not include any excluded incom e)
Excluded incom e per security
(only applicab le to listed PIEs)
SupplementaryAm ount per security
Currencydividendin dollars and cents
details -
NZSX Listing Rule 7.12.7
Total m onies
TaxationAm ount per Security in Dollars and cents to six decim al places
In the case of a taxab le b onusResident
Imputation Credits
issue state strik e priceWithholding Tax(Give details)
Foreign
FDP Credits
Withholding Tax(Give details)
Timing
(Refer Appendix 8 in the NZSX Listing Rules)
Record Date 5pmApplication Date
For calculation of entitlem ents -Also, Call Payab le, Dividend /
Interest Payab le, Exercise Date,
Conversion Date.
Notice DateAllotment Date
Entitlem ent letters, call notices,For the issue of new securities.
conversion notices m ailedMust b e within 5 b usiness days
of application closing date.
OFFICE USE ONLY
Ex Date:
Commenc e Quoting Rights:Security Code:
Cease Quoting Rights 5pm:
Commenc e Quoting New Sec urities:Security Code:
Cease Quoting Old Sec urity 5pm:
EMAIL: announce@nzx.com
Notice of event affecting securities
Vista Group International Limited
Rodney Hy deDirectors Resolution
(09) 984 457029082018
Or di nar y Shar esNZVGLE0001S5
In dollars and cents
Revenue Reserves
NZD $0. 0160
Ni l
Enter N/A if not
applicab le
$NZD $0. 0062
New Zealand Dollar sNi l
$2,648,574
Date Payable
13 September, 201827 September, 2018

---

Vista Group International Limited
Interim Report
Appendix 1 - Results for announcement to the market


Reporting Period6months to30 June 2018
Previous Reporting Period6months to30 June 2017
Revenue from ordinary activities60,112$ 20.0%
6,721$ 63.9%
6,721$ 63.9%
20182017
0.624$ 0.728$
Interim DividendAmount per security
Record Date for Dividends13 September, 2018
Dividend Payment Date27 September, 2018
Comments
Net profit / (loss) attributable to security
holders
Imputed amount per
security
Net Tangible Assets per share
Net tangible assets per share
Amount $000's
NZ$
Percentage change
%
Net Profit / (Loss) from ordinary activities
after tax attributable to security holders
Refer also to other documents released (reviewed interim
financial statements, market announcement, results
presentation and Appendix 7)
The 2018 interim result for Vista Group represents strong
growth in revenue and shows the strength of Vista Group in
producing consistent revenue growth, sustained profit growth
and positive operating cashflow. Note that Vista Group
completed a 2 for 1 sharesplit in November 2017. Therefore
the net tangible assets is impacted by the sharesplit in 2018.
NZ 1.6 cents per shareNZ 0.62 cents per share