ALE Property Group
Annual Report 2012

Plain-text annual report

ANNUAL REPORT 2012 RENOVATED MULTI-LEVEL HOTELS New Brighton Hotel: Completely renovated and remodelled and opened as a new multi-level venue in November 2011. This modern entertainment offering now includes ground level bars, bistro, nightclub and rooftop cocktail bar. The complete reconstruction of the hotel undertaken by our tenant ALH, at their cost, offers a superior venue in arguably one of Sydney’s most popular beachside suburbs. w ww.alegroup.com.au ALE Property Group Report for the Year Ended 30 June 2012 CONTENTS Directors' Report Auditor's Independence Declaration Financial Statements Statement of comprehensive income Statement of financial Position Statement of changes in equity Cash flow statement Notes to the financial statements Directors' declaration Independent audit report to stapled securityholders 2 20 21 22 23 24 25 60 61 Crows Nest Hotel, Sydney Australian Leisure and Entertainment Property Management Limited For The Year Ended 30 June 2012 CONTENTS Directors' Report Auditor's Independence Declaration Financial statements Statement of comprehensive income Statement of financial position Statement of changes in equity Statement of cash flows Notes to the financial statements Directors' declaration Independent audit report to the shareholders 2 17 18 19 20 21 22 39 40 INVESTOR INFORMATION The information is provided as a short summary of investor information. Please view our website at www.alegroup.com.au for all investor information. Major Australian Securities Exchange (ASX) Announcements 2012 30 Oct Annual General Meeting Full Year results released 31 Jul 5 Jul Property valuations increased 21 Jun Full Year distribution of 16.00 cents declared 22 May Caledonia becomes a substantial holder 16 May Allan Gray reduces substantial holding 27 Mar Allan Gray reduces substantial holding 5 Mar Half Year distribution payment date 15 Feb Half Year results released 11 Jan Caledonia reduces substantial holding 2011 16 Dec Property Valuations increased 16 Dec Vale appeal dismissed in ALE’s favour 8 Dec Half year distribution of 8.00 cents declared 8 Nov Annual General Meeting 30 Sep ALE redeems ALE Notes 30 Sep Annual Report released 26 Aug Caledonia ceases to be substantial holder 2 Aug Full year results released Stock Exchange Listing The ALE Property Group (ALE) is listed on the Australian Securities Exchange (ASX). Its stapled securities are listed under ASX code: LEP; stapled security distributions may be paid twice yearly, normally in March and September; and its ALE Notes 2 are listed under ASX code: LEPHC. Distribution Reinvestment Plan ALE has established a distribution reinvestment plan. Details are available on ALE’s website. Electronic Payment of Distributions Securityholders may nominate a bank, building society or credit union account for payment of distributions by direct credit. Payments are electronically credited on the payment dates and confirmed by mailed advice. Securityholders wishing to take advantage of payment by direct credit should contact the registry for more details and to obtain an application form. Website The ALE website, www.alegroup.com.au, is a useful source of information for stapled securityholders. It includes details of ALE’s property portfolio, current activities and future prospects. ASX announcements are also included on the site on a regular basis. Distributions Stapled security distributions are paid twice yearly, normally in March and September. Securityholder Enquiries Please contact the registry if you have any questions about your holding or payments. Annual Tax Statement Accompanying the final stapled security distribution payment, normally in September each year, will be an annual tax statement which details the taxable, tax concessional and deferred tax components of the year’s distribution. Publications The Annual Review and Annual Report are the main sources of information for stapled securityholders. In August each year, the Annual Review, Annual Report and Full Year Financial Report, and in February each year, the Half Year Financial Report, are released to the ASX and posted on the ALE website. The Annual Review is mailed to stapled securityholders unless we are requested not to do so. The Annual Report is only mailed on request. Periodically, ALE may also send releases to the ASX covering matters of relevance to investors. These releases are also posted on the ALE website and may be distributed by email to stapled securityholders if they register on ALE’s website. The election by holders to receive communications electronically is encouraged by ALE. Registered Office Level 10, Norwich House, 6 O’Connell Street, Sydney NSW 2000, Tel: +61 2 8231 8588 Company Secretary Mr Brendan Howell, Level 10, Norwich House, 6 O’Connell Street, Sydney NSW 2000 Tel: +61 2 8231 8588 Auditor KPMG, 10 Shelley Street, Sydney NSW 2000 Lawyers Allens Linklaters, Level 28, Deutsche Bank Place, Corner Hunter and Phillip Streets Sydney NSW 2000 Custodian (of Australian Leisure and Entertainment Property Trust) The Trust Company Limited, Level 15, 20 Bond Street, Sydney NSW 2000 Trustee (of ALE Direct Property Trust) The Trust Company (Australia) Limited, Level 15, 20 Bond Street, Sydney NSW 2000 Registry Computershare Investor Services Pty Ltd, Reply Paid GPO Box 7115, Sydney NSW 2000 Level 3, 60 Carrington Street, Sydney NSW 2000 Tel: 1300 302 429 Fax: (02) 8235 8150 www.computershare.com.au For emailed updates, visit the ALE website and join “Email Alerts” at www.alegroup.com.au. w ww.alegroup.com.au 

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