Preliminary result and dividend

Results announcement


CMO

Results for announcement to the market
Name of issuer The Colonial Motor Company Limited
Reporting Period 12 months to 30 June 2022
Previous Reporting Period 12 months to 30 June 2021
Amount (000s) Percentage change
Revenue from ordinary
activities
$ 1,002,848 +11.3%
Profit from ordinary activities
after tax attributable to
security holder
$ 33,348 +19.4%
Net profit attributable to
security holders
$ 33,186 +33.6%
Final Dividend
Amount per Quoted Equity
Security
NZD $0.470000
Imputed amount per Quoted
Equity Security
NZD $0.182778
Record Date 23 September 2022
Dividend Payment Date 03 October 2022
Net tangible assets per
Quoted Equity Security
2022 2021
$ 9.25 $ 8.00
A brief explanation of any of
the figures above necessary
to enable the figures to be
understood
A commentary to assist in the interpretation of the figures in this
announcement is provided in the attached unaudited Preliminary
Result report.
Authority for this announcement
Name of person

authorised
to make this announcement
Jack Tuohy, Company Secretary
Contact phone number 04 384 9734 / 027 4450 972
Contact email address jack.tuohy@colmotor.co.nz
Date of release through MAP

17 August 2022

Unaudited financial statements accompany this announcement.

---

Distribution Notice


CMO
Page 1 of 1


Section 1: issuer information
Name of issuer The Colonial Motor Company Limited
Financial product name/description Ordinary shares
NZX ticker code CMO
ISIN (If unknown, check on NZX website) NZ CMOE0001S7
Type of distribution
(Please mark with an X in the relevant box/es)
Full Year X Quarterly
Half Year Special
DRP applies
Record date Close of trading on: 23 September 2022
Ex-Date 22 September 2022
Payment date 03 October 2022
Total monies associated with the distribution $15,366,477.04
Source of distribution Retained earnings
Currency NZ dollars
Section 2: distribution amounts
Gross distribution $0.65277778
Gross taxable amount $0.65277778
Total cash distribution $0.47000000
Excluded amount (applicable to listed PIEs) $0.00000000
Supplementary distribution amount $0.08294118
Section 3:
Is the distribution imputed Fully imputed
Imputation rate applied 28.0%
Imputation tax credits per financial product $0.18277778
Resident withhold tax amount per financial product $0.03263889
Section 4: distribution re-investment plan – not applicable
Section 5: authority for this announcement
Name of person authorised to make this
announcement Jack Tuohy, Company Secretary
Contact person for this announcement Ashley Waugh, Chairman
Contact phone number 04 384 9734 / 027 610 7977
Contact email address cmc@colmotor.co.nz
Date of release via MAP 17 August 2022

---

20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities (2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held (5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz










For the year
ended
30 June 2022

20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities
(2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held
(5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz











20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities
(2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held
(5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz












17 August 2022

Dear Shareholder
• Trading Profit after Tax at $33.3m, up 19% on last year
and a new record for the Group
• Total Dividends for the year 62 cps, up 7 cps on last
year, also a record pay out
Trading conditions
As we reported to you in February, trading conditions over the first
six months of the financial year were very strong, with all of our
trading operations delivering outstanding results. The clean
vehicle tax, that came into effect on 1 April 2022, created an
incentive for customers to purchase before that deadline. This was
particularly evident in the Light Commercial segment where
virtually all vehicles now incur the tax.
Not unexpectedly, the final quarter was more challenging than the
previous three, with a gloomy economic outlook and continued
supply constraints post March combining to slow our car
operations. Despite these challenges, our truck and tractor
dealerships maintained momentum and, collectively, the team
across the Group has delivered an exceptional result with total
revenue just over $1.0 billion.
Developments
Major refurbishments to Avon City Ford, Timaru Motors and
Dunedin City Motors are well underway. We continue to be
impacted by rising building costs, supply shortages and labour
constraints in the construction sector. This has slowed a number
of projects and required the deferment of others. The Company
has purchased a well-situated property on Ti Rakau Drive in
Auckland to support our brand representation in the East Auckland
region.
Dividend
The Directors have declared a fully imputed dividend of 47 cps to
be paid on Monday, 3 October 2022, with a record date of Friday,
23 September. This will take the total dividend for the year to 62
cps, 61% of the Trading Profit after Tax.
Annual Report
The 2022 Annual Report will be published in late September
including the notice for the 104th Annual General Meeting to be
held midday on Friday, November 11 2022 at the The Harbourside
Function Venue, 4 Taranaki Street, Wellington.
Outlook
Registrations for the seven months to July 2022 for new and used
vehicles have softened relative to 2021, down 7% and 2%
respectively. March was a registration anomaly, driven by the
clean car tax. In the period since March, new vehicle registrations
have been down 20% and used 37% over the four months
1
. We
anticipate the industry will recover to a degree but a softer
trajectory will likely be maintained over the medium term. Supply,
particularly for EVs, remains constrained due to both global
availability of raw materials and manufacturing capacity. This will
mean an element of erratic local supply and continued longer than
normal lead times for desirable product.
High fuel prices and other inflationary pressures are taking their toll on
consumer confidence and the Group will not be immune from these
effects. We have confidence in the next generation products arriving
in-market over the coming year and together with a steady demand for
tractors and heavy trucks, these factors should allow us to remain
competitive in all the segments we trade in.
Directors
Matthew Newman will be retiring from the Board at the conclusion of
the Annual Meeting in November. The Directors have appointed John
Hutchinson as a director with effect from 1 September. John will stand
for election by the shareholders at the Annual Meeting.
For and on behalf of the Board
A J Waugh
CHAIRMAN
1
MIA monthly registrations for new (passenger and commercial) and used imported
vehicles
STATEMENT OF CASH FLOWS
For the year ended 30 June 2022


2022 2021

$’000 $’000


Net Cash Flows from:
Operating Activities 67,255 28,890
Investing Activities (28,977) (22,916)
Financing Activities (41,170) (8,233)
Net Decrease in Cash Held (2,892) (2,259)
Opening Cash Balance 14,736 16,995
Closing Cash Balance 11,844 14,736


Cash Flow Reconciliation

Profit for the Year 35,224 26,413
Adjustment for Non Cash Items
8,059 9,413
Movement in Working Capital
23,972 (6,936)
Net Cash Flow from
Operating Activities
67,255 28,890







Level 6, 57 Courtenay Place,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand
Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz




17 August 2022

Dear Shareholder
• Trading Profit after Tax at $33.3m, up 19% on last year
and a new record for the Group
• Total Dividends for the year 62 cps, up 7 cps on last
year, also a record pay out
Trading conditions
As we reported to you in February, trading conditions over the first
six months of the financial year were very strong, with all of our
trading operations delivering outstanding results. The clean
vehicle tax, that came into effect on 1 April 2022, created an
incentive for customers to purchase before that deadline. This was
particularly evident in the Light Commercial segment where
virtually all vehicles now incur the tax.
Not unexpectedly, the final quarter was more challenging than the
previous three, with a gloomy economic outlook and continued
supply constraints post March combining to slow our car
operations. Despite these challenges, our truck and tractor
dealerships maintained momentum and, collectively, the team
across the Group has delivered an exceptional result with total
revenue just over $1.0 billion.
Developments
Major refurbishments to Avon City Ford, Timaru Motors and
Dunedin City Motors are well underway. We continue to be
impacted by rising building costs, supply shortages and labour
constraints in the construction sector. This has slowed a number
of projects and required the deferment of others. The Company
has purchased a well-situated property on Ti Rakau Drive in
Auckland to support our brand representation in the East Auckland
region.

Dividend
The Directors have declared a fully imputed dividend of 47 cps to
be paid on Monday, 3 October 2022, with a record date of Friday,
23 September. This will take the total dividend for the year to 62
cps, 61% of the Trading Profit after Tax.
Annual Report
The 2022 Annual Report will be published in late September
including the notice for the 104th Annual General Meeting to be
held midday on Friday, November 11 2022 at the The Harbourside
Function Venue, 4 Taranaki Street, Wellington.
Outlook
Registrations for the seven months to July 2022 for new and used
vehicles have softened relative to 2021, down 7% and 2%
respectively. March was a registration anomaly, driven by the
clean car tax. In the period since March, new vehicle registrations
have been down 20% and used 37% over the four months
1
. We
anticipate the industry will recover to a degree but a softer
trajectory will likely be maintained over the medium term. Supply,
particularly for EVs, remains constrained due to both global
availability of raw materials and manufacturing capacity. This will
mean an element of erratic local supply and continued longer than
normal lead times for desirable product.
High fuel prices and other inflationary pressures are taking their toll on
consumer confidence and the Group will not be immune from these
effects. We have confidence in the next generation products arriving
in-market over the coming year and together with a steady demand for
tractors and heavy trucks, these factors should allow us to remain
competitive in all the segments we trade in.
Directors
Matthew Newman will be retiring from the Board at the conclusion of
the Annual Meeting in November. The Directors have appointed John
Hutchinson as a director with effect from 1 September. John will stand
for election by the shareholders at the Annual Meeting.
For and on behalf of the Board
A J Waugh
CHAIRMAN
1
MIA monthly registrations for new (passenger and commercial) and used imported
vehicles
STATEMENT OF CASH FLOWS
For the year ended 30 June 2022


2022 2021

$’000 $’000


Net Cash Flows from:
Operating Activities 67,255 28,890
Investing Activities (28,977) (22,916)
Financing Activities (41,170) (8,233)
Net Decrease in Cash Held (2,892) (2,259)
Opening Cash Balance 14,736 16,995
Closing Cash Balance 11,844 14,736


Cash Flow Reconciliation

Profit for the Year 35,224 26,413
Adjustment for Non Cash Items
8,059 9,413
Movement in Working Capital
23,972 (6,936)
Net Cash Flow from
Operating Activities
67,255 28,890







Level 6, 57 Courtenay Place,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand
Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz



20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities (2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held (5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz











20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities
(2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held
(5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz











20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities (2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held (5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz











20 August 2013


Dear Shareholder

• Trading Profit after tax $13.867m, up 17% on last year
• Final Dividend 21 cents compared to 16 cents last year

Your Directors are pleased to advise the unaudited preliminary
result for the year ended 30 June 2013.

Trading profit after tax at $13.867m is 17% up on the previous
year and a record result. Profit for the period is $14.800m
compared to $15.595m last year, which included $4.489m of
insurance recovery proceeds.

The trading result was driven by a strong growing market. The
total market for new heavy trucks, light commercials and
passenger SUVs grew, while the market for new passenger cars
was neutral. With products such as the DAF heavy trucks, Ford
Ranger light commercial, and Mazda CX5 passenger SUV, the
Company had desirable products, in growing segments, on top
of the growing market. It is in this context that the recent
announcement that Ford Australia will cease production of the
Falcon in 2016 is not expected to have a material effect.

Strong sales of both DAF and Kenworth have quickly filled the
new workshop at Hobill Ave. Having all of its operation on one
site while at the same time expanding its sales has driven an
exceptional result from Southpac Trucks. Forward orders
remain strong.

The overall value of the property portfolio has increased.
During the period the contract for sale of our Porirua property
was settled, resulting in a profit on disposal of $0.457m.

Dividend. The Directors have resolved that a fully imputed final
dividend of 21 cents per share will be paid on 21 October. This
takes the full dividend for the financial year to 30 cents per
share compared to 25 cents per share in 2012. This is a total
payout of $9.808m in dividends compared to $8.174m last
year.

The Annual Report will be mailed by the end of September and
the 95
th
Annual Meeting will be held at 11 am on Friday 1
November 2013 at the Company’s offices.

For and on behalf of the Board
J P (Jim) Gibbons
CHAIRMAN


STATEMENT OF CASH FLOWS
For the year ended 30 June 2013

2013 2012
$’000 $’000
Net Cash Flows from:
Operating Activities (2,326) 15,900
Investing Activities 401 (4,552)
Financing Activities (3,594) (7,911)
Net Increase / (Decrease)
in Cash Held (5,519) 3,437
Opening Cash Balance 9,460 6,023
Closing Cash Balance
3,941 9,460
Cashflow Reconciliation

Profit for the Period attributable


to Shareholders
14,125 15,123
Adjustment for Non Cash
Items
4,114 5,032
Movement in Working Capital
(16,485) (2,153)
Items classified as Investing
Activities
(4,000) (947)
Items classified as Financing
Activities
(80) (1,155)
Net Cashflow from Operating
Activities
(2,326) 15,900





Unaudited

PRELIMINARY
RESULT


For the year to

30 June 2013

Level 6,5 7 Co urtenay Pla ce,
PO Box 6159, Marion Square,
Wellington 6141
New Zealand

Telephone (04) 384 9734
E-mail address cmc@colmotor.co.nz
www.colmotor.co.nz

STATEMENT OF FINANCIAL PERFORMANCE
For the year ended 30 June 2022
2022 2021
$’000 $’000

Revenue
Products 926,432 828,119
Services 72,600 70,392
Other Income 3,816 2,662
Total Revenue 1,002,848 901,173

Less Expenses
Cost of Products Sold 815,425 734,905
Remuneration of Staff 90,648 83,442
Depreciation &
Amortisation
8,082 6,785
Interest 4,401 3,025
Other 34,918 32,334
Trading Profit before Tax 49,374 40,682
Less Taxation
Current 14,166 11,638
Deferred (178) (460)
35,386 29,504
Less Non Controlling Interest 2,038 1,580
Trading Profit after Tax 33,348 27,924
Property – Fair Value Movement
(420) (3,445)
Deferred Tax Movement 190 184
Investment – Fair Value Movement 68 170
Profit after Tax 33,186 24,833
Profit for the year attributable to:
Shareholders 33,186 24,833
Non Controlling Interest 2,038 1,580
PROFIT FOR THE YEAR 35,224 26,413








STATEMENT OF COMPREHENSIVE INCOME
For the year ended 30 June 2022

2022 2021

$’000 $’000



Profit for the year 35,224 26,413
Other comprehensive income
Items that will not be reclassified
subsequently to profit or loss:
Property revaluation reserve
Change in fair value 23,981 25,166
Deferred tax movement (675) 1,089
Items that may be classified subsequently
to profit or loss:

Foreign exchange hedging reserve
Change in fair value 3,902 (962)
Deferred tax movement (1,093) 269
Total comprehensive income 61,339 51,975
Attributable to:
Shareholders 58,880 50,499
Non Controlling Interest 2,459 1,476

61,339 51,975


2022 2021
Basic & Diluted Earnings per Share on
- Profit attributable to shareholders 101.5c 76.0c
- Trading Profit after Tax 102.0c 85.4c
Dividend per Share 62.0c 55.0c
Net Tangible Assets per Share $9.25 $8.00




STATEMENT OF CHANGES IN EQUITY
For the year ended 30 June 2022

2022 2021
$’000 $’000


Equity at beginning of year 265,834 230,800
Total comprehensive income 61,339 51,975
Dividends paid to Shareholders (17,983) (15,366)
Dividend paid to Non Controlling Interest (1,350) (1,575)
Equity at end of year 307,840 265,834

STATEMENT OF FINANCIAL POSITION
As at 30 June 2022
2022 2021
$’000 $’000


Liabilities

Bank Borrowings 14,732 12,197
At Call Deposits 31,076 32,304
Vehicle Floorplan Finance 28,443 55,866
Credit Contracts 956 1,142
Other Current Liabilities 54,494 63,129
Total Current Liabilities 129,701 164,638
Non Current Liabilities
Lease Liabilities 19,752 15,607
Credit Contracts
920 1,666
Total Non Current Liabilities 20,672 17,273
Shareholders’ Equity 303,340 262,443
Non Controlling Interest 4,500 3,391
Total Equity 307,840 265,834
Total Equity and Liabilities 458,213 447,745

Assets
Inventory 137,021 163,378
Cash & Bank 11,844 14,736
Credit Contracts 942 1,121
Other Current Assets 42,770 45,152
Total Current Assets 192,577 224,387

Non Current Assets
Property, Plant & Equipment 258,065 212,444
Credit Contracts 920 1,666
Other Non Current Assets 6,651 9,248
Total Non Current Assets 265,636 223,358

Total Assets 458,213 447,745


These summary consolidated Financial Statements have
not been audited.



STATEMENT OF FINANCIAL PERFORMANCE
For the year ended 30 June 2022
2022 2021
$’000 $’000

Revenue
Products 926,432 828,119
Services 72,600 70,392
Other Income 3,816 2,662
Total Revenue 1,002,848 901,173

Less Expenses
Cost of Products Sold 815,425 734,905
Remuneration of Staff 90,648 83,442
Depreciation &
Amortisation
8,082 6,785
Interest 4,401 3,025
Other 34,918 32,334
Trading Profit before Tax 49,374 40,682
Less Taxation
Current 14,166 11,638
Deferred (178) (460)
35,386 29,504
Less Non Controlling Interest 2,038 1,580
Trading Profit after Tax 33,348 27,924
Property – Fair Value Movement
(420) (3,445)
Deferred Tax Movement 190 184
Investment – Fair Value Movement 68 170
Profit after Tax 33,186 24,833
Profit for the year attributable to:
Shareholders 33,186 24,833
Non Controlling Interest 2,038 1,580
PROFIT FOR THE YEAR 35,224 26,413








STATEMENT OF COMPREHENSIVE INCOME
For the year ended 30 June 2022

2022 2021

$’000 $’000



Profit for the year 35,224 26,413
Other comprehensive income
Items that will not be reclassified
subsequently to profit or loss:
Property revaluation reserve
Change in fair value 23,981 25,166
Deferred tax movement (675) 1,089
Items that may be classified subsequently
to profit or loss:

Foreign exchange hedging reserve
Change in fair value 3,902 (962)
Deferred tax movement (1,093) 269
Total comprehensive income 61,339 51,975
Attributable to:
Shareholders 58,880 50,499
Non Controlling Interest 2,459 1,476

61,339 51,975


2022 2021
Basic & Diluted Earnings per Share on
- Profit attributable to shareholders 101.5c 76.0c
- Trading Profit after Tax 102.0c 85.4c
Dividend per Share 62.0c 55.0c
Net Tangible Assets per Share $9.25 $8.00




STATEMENT OF CHANGES IN EQUITY
For the year ended 30 June 2022

2022 2021
$’000 $’000


Equity at beginning of year 265,834 230,800
Total comprehensive income 61,339 51,975
Dividends paid to Shareholders (17,983) (15,366)
Dividend paid to Non Controlling Interest (1,350) (1,575)
Equity at end of year 307,840 265,834

STATEMENT OF FINANCIAL POSITION
As at 30 June 2022
2022 2021
$’000 $’000


Liabilities

Bank Borrowings 14,732 12,197
At Call Deposits 31,076 32,304
Vehicle Floorplan Finance 28,443 55,866
Credit Contracts 956 1,142
Other Current Liabilities 54,494 63,129
Total Current Liabilities 129,701 164,638
Non Current Liabilities
Lease Liabilities 19,752 15,607
Credit Contracts
920 1,666
Total Non Current Liabilities 20,672 17,273
Shareholders’ Equity 303,340 262,443
Non Controlling Interest 4,500 3,391
Total Equity 307,840 265,834
Total Equity and Liabilities 458,213 447,745

Assets
Inventory 137,021 163,378
Cash & Bank 11,844 14,736
Credit Contracts 942 1,121
Other Current Assets 42,770 45,152
Total Current Assets 192,577 224,387

Non Current Assets
Property, Plant & Equipment 258,065 212,444
Credit Contracts 920 1,666
Other Non Current Assets 6,651 9,248
Total Non Current Assets 265,636 223,358

Total Assets 458,213 447,745


These summary consolidated Financial Statements have
not been audited.



STATEMENT OF FINANCIAL PERFORMANCE
For the year ended 30 June 2022
2022 2021
$’000 $’000

Revenue
Products 926,432 828,119
Services 72,600 70,392
Other Income 3,816 2,662
Total Revenue 1,002,848 901,173

Less Expenses
Cost of Products Sold 815,425 734,905
Remuneration of Staff 90,648 83,442
Depreciation &
Amortisation
8,082 6,785
Interest 4,401 3,025
Other 34,918 32,334
Trading Profit before Tax 49,374 40,682
Less Taxation
Current 14,166 11,638
Deferred (178) (460)
35,386 29,504
Less Non Controlling Interest 2,038 1,580
Trading Profit after Tax 33,348 27,924
Property – Fair Value Movement
(420) (3,445)
Deferred Tax Movement 190 184
Investment – Fair Value Movement 68 170
Profit after Tax 33,186 24,833
Profit for the year attributable to:
Shareholders 33,186 24,833
Non Controlling Interest 2,038 1,580
PROFIT FOR THE YEAR 35,224 26,413








STATEMENT OF COMPREHENSIVE INCOME
For the year ended 30 June 2022

2022 2021

$’000 $’000



Profit for the year 35,224 26,413
Other comprehensive income
Items that will not be reclassified
subsequently to profit or loss:
Property revaluation reserve
Change in fair value 23,981 25,166
Deferred tax movement (675) 1,089
Items that may be classified subsequently
to profit or loss:

Foreign exchange hedging reserve
Change in fair value 3,902 (962)
Deferred tax movement (1,093) 269
Total comprehensive income 61,339 51,975
Attributable to:
Shareholders 58,880 50,499
Non Controlling Interest 2,459 1,476

61,339 51,975


2022 2021
Basic & Diluted Earnings per Share on
- Profit attributable to shareholders 101.5c 76.0c
- Trading Profit after Tax 102.0c 85.4c
Dividend per Share 62.0c 55.0c
Net Tangible Assets per Share $9.25 $8.00




STATEMENT OF CHANGES IN EQUITY
For the year ended 30 June 2022

2022 2021
$’000 $’000


Equity at beginning of year 265,834 230,800
Total comprehensive income 61,339 51,975
Dividends paid to Shareholders (17,983) (15,366)
Dividend paid to Non Controlling Interest (1,350) (1,575)
Equity at end of year 307,840 265,834

STATEMENT OF FINANCIAL POSITION
As at 30 June 2022
2022 2021
$’000 $’000


Liabilities

Bank Borrowings 14,732 12,197
At Call Deposits 31,076 32,304
Vehicle Floorplan Finance 28,443 55,866
Credit Contracts 956 1,142
Other Current Liabilities 54,494 63,129
Total Current Liabilities 129,701 164,638
Non Current Liabilities
Lease Liabilities 19,752 15,607
Credit Contracts
920 1,666
Total Non Current Liabilities 20,672 17,273
Shareholders’ Equity 303,340 262,443
Non Controlling Interest 4,500 3,391
Total Equity 307,840 265,834
Total Equity and Liabilities 458,213 447,745

Assets
Inventory 137,021 163,378
Cash & Bank 11,844 14,736
Credit Contracts 942 1,121
Other Current Assets 42,770 45,152
Total Current Assets 192,577 224,387

Non Current Assets
Property, Plant & Equipment 258,065 212,444
Credit Contracts 920 1,666
Other Non Current Assets 6,651 9,248
Total Non Current Assets 265,636 223,358

Total Assets 458,213 447,745


These summary consolidated Financial Statements have
not been audited.