FINANCIAL ANALYSIS

Financial Analysis

Financial Analysis

Fantastic Holdings Ltd. (Australia) (NL :)

General Company Information

Principal Office

Website

Level 6, 1 Chifley SquareSydney, AUS

www.fantasticholdings.com.au

Phone

Primary NAICS

(61) 2 8226 1655

337121 : Upholstered Household Furniture Manufacturing

Fax

Incorporated

(61) 2 8226 1616

Australia

Number of Employees

Number of Shareholders

1,077 (Year End Average Staff as of 06/30/2008)

1,328 (as of 08/17/2009)

Country

Annual Meeting

Australia

In October

Exchange and Ticker

NL :

Primary SIC

2512 : Upholstered household furniture

Business Summary

Fantastic Holdings is engaged in the retail, manufacture and import of household furniture in Australia. As of June 30 2009, Co. operated a total of 110 stores under the brand of Fantastic Furniture, Plush, Original Mattress Factory, Dare Gallery and Le Cornu in Australian Capital Territory, New South Wales, Queensland, South Australia, Tasmania, Victoria, Northern Territory and Western Australia.

Company Description

Industry

Retail - Furniture & Home Furnishings

List of Top 3 Competitors based on Revenue:

Company Name

Revenues

Gross Margin

Net Income

EBITDA

Total Assets

Total Liabilities

PE Ratio

Market Cap

Employees

Share Price

Leggett & Platt, Inc.

3,055,100,000

20.61

111,800,000

360,600,000

3,061,200,000

1,507,200,000

20.902

3,157 M

18,500

21.32

IKEA AB (Sweden)

1,276,796,318

3.28

69,459,981

-

571,071,065

348,371,095

-

-

3,431

Kimball International, Inc.

1,207,420,000

16.77

17,328,000

58,292,000

642,269,000

259,915,000

16.5

151 M

6,164

5.61

Subsidiaries

Percent Owned

Country

Subsidiaries

 

 

Subsidiaries

 

 

Fantastic Furniture Pty. Ltd.

100%

-

Fantastic Furniture (Licensing) Pty. Ltd.

100%

-

Plush - Think Sofas Pty Ltd

100%

-

Best Buy Furniture Pty. Ltd.

100%

-

D. Gallery Pty. Limited

100%

-

Original Mattress Factory Pty. Ltd.

100%

-

FHL Distribution Centre Pty Ltd

100%

-

Royal Comfort Bedding Pty. Ltd.

100%

-

Fantastic Property Pty. Ltd.

100%

-

The Package Deal Kings Pty. Ltd.

100%

-

Fantastic Furniture Share Plan Pty. Ltd.

100%

-

White Label Investments Pty Ltd

100%

-

Innovation Nominees (1) Pty Ltd

100%

-

Innovation Nominees (2) Pty Ltd

100%

-

White Label Innovations (1) Pty Ltd

100%

-

White Label Innovations (2) Pty Ltd

100%

-

White Label Innovations Pty Ltd

100%

-

State Marketing and Innovation Corporation Pty Ltd

100%

-

Fantastic Furniture Limited (NZ)

100%

New Zealand

Fantastic Furniture - The Package Deal Kings Limited (NZ)

100%

New Zealand

Financials

Exchange rate used is that of the Year End reported date

Standardized Annual Balance Sheet

Report Date

06/30/2009

06/30/2008

06/30/2007

Currency

AUD

AUD

AUD

Audit Status

Not Qualified

Not Qualified

Not Qualified

Consolidated

Yes

Yes

Yes

Cash & Equivalents

12,058,520

>

8,071,675

>

5,988,105

>

Cash & Equivs & ST Investments

12,058,520

>

8,071,675

>

5,988,105

>

Receivables (ST)

8,124,477

>

6,277,876

>

7,100,313

>

Inventories

79,003,458

>

56,462,098

>

45,889,847

>

Other Current Assets

0

>

0

>

0

>

Total Current Assets

99,186,455

>

70,811,649

>

58,978,265

>

Gross Property Plant & Equip

-

-

32,611,408

>

Accumulated Depreciation

-

-

(7,802,576)

>

Net Property Plant & Equip

34,097,758

>

26,915,083

>

24,808,832

>

Intangible Assets

7,649,025

>

2,620,020

>

2,520,020

>

Deferred LT Assets

5,449,648

>

3,606,887

>

3,007,221

>

Other Assets

3,200

>

6,037

>

8,237

>

Total Assets

146,386,086

>

103,959,676

>

89,322,575

>

Accounts Payable & Accrued Exps

15,250,463

>

7,306,425

>

6,386,784

>

Accounts Payable

15,250,463

>

7,306,425

>

6,386,784

>

Current Debt

9,570,041

>

0

>

0

>

Current Lease Obligations

-

553,420

>

553,420

>

Other Current Liabilities

30,406,358

>

21,541,325

>

18,856,515

>

Total Current Liabilities

55,226,862

>

29,401,170

>

25,796,719

>

LT Debt & Leases

6,467,175

>

9,125,483

>

8,578,901

>

Pensions & OPEB

1,146,283

>

737,079

>

588,010

>

Deferred LT Liabilities

599,979

>

336,013

>

220,368

>

Other Liabilities

3,410,942

>

2,625,435

>

2,346,530

>

Total Liabilities

66,851,241

>

42,225,180

>

37,530,528

>

Common Share Capital

18,654,909

>

-

-

Retained Earnings

60,879,936

>

52,118,357

>

44,636,463

>

Other Equity

0

>

9,616,139

>

7,155,584

>

Total Equity

79,534,845

>

61,734,496

>

51,792,047

>

Total Liabilities & Equity

146,386,086

>

103,959,676

>

89,322,575

>

Standardized Annual Income Statement

Report Date

06/30/2009

06/30/2008

06/30/2007

Currency

AUD

AUD

AUD

Audit Status

Not Qualified

Not Qualified

Not Qualified

Consolidated

Yes

Yes

Yes

Sales Revenue

402,072,609

>

305,590,868

>

273,404,908

>

Other Revenue

0

>

0

>

0

>

Total Revenue

402,072,609

>

305,590,868

>

273,404,908

>

Direct Costs

221,367,127

>

172,550,625

>

158,274,841

>

Gross Profit

180,705,482

>

133,040,243

>

115,130,067

>

Selling General & Admin

140,199,113

>

93,862,497

>

81,421,076

>

Depreciation & Amortization

3,875,155

>

-

-

Other Operating Expense

13,338,054

>

13,987,175

>

11,005,524

>

Total Indirect Operating Costs

157,412,322

>

107,849,672

>

92,426,600

>

Operating Income

23,293,160

>

25,190,571

>

22,703,467

>

Interest Income

(407,615)

>

394,961

>

300,221

>

Other Non-Operating Income

2,776,097

>

1,211,599

>

1,961,766

>

Total Non-Operating Income

2,368,482

>

1,606,560

>

2,261,987

>

Earnings Before Tax

25,661,642

>

26,797,131

>

24,965,454

>

Taxation

7,068,820

>

8,181,521

>

7,527,253

>

Discontinued Operations

-

-

(1,047,807)

>

Net Income

18,592,822

>

18,615,610

>

16,390,394

>

Average Shares Basic

96,003,763

>

95,108,527

>

94,635,010

>

EPS Net Basic

0.19

>

0.2

>

0.17

>

Average Shares Diluted

96,003,763

>

95,108,527

>

94,635,010

>

EPS Net Diluted

0.19

>

0.2

>

0.17

>

Shares Outstanding

100,282,285

>

95,628,095

>

94,773,794

>

Standardized Annual Retained Earnings not available for this company at present. Standardized Annual Cash Flows

Report Date

06/30/2009

06/30/2008

06/30/2007

Currency

AUD

AUD

AUD

Audit Status

Not Qualified

Not Qualified

Not Qualified

Consolidated

Yes

Yes

Yes

Net Income

18,592,822

>

18,615,610

>

16,390,394

>

Adjustments from Inc to Cash

4,357,527

>

3,603,417

>

2,940,858

>

Change in Working Capital

(14,009,975)

>

(6,636,628)

>

(8,627,671)

>

Cash from Sales

447,562,335

>

339,288,302

>

301,745,683

>

Cash to Suppliers & Employees

(423,013,039)

>

(315,236,857)

>

(280,964,460)

>

Other Direct Cash Flows

(11,252,593)

>

(6,979,163)

>

(7,106,547)

>

Other Operating Cash Flows

4,356,329

>

1,489,883

>

2,971,095

>

Cash Flow from Operations

13,296,703

>

17,072,282

>

13,674,676

>

Purchase of Pty Plant & Equip

(10,022,346)

>

(5,787,090)

>

(10,709,713)

>

Purchase of Investments

(531,357)

>

-

-

Proceeds from Pty Plant & Equip

50,431

>

-

348,411

>

Other Investing Cash Flows

(3,043,174)

>

(100,000)

>

(218,249)

>

Cash Flow from Investing

(13,546,446)

>

(5,887,090)

>

(10,579,551)

>

Change in LT Debt

3,926,177

>

1,100,000

>

4,603,841

>

Change in Debt

3,926,177

>

674,422

>

4,170,956

>

Change in Equity

10,543,654

>

1,357,672

>

875,312

>

Payment of Dividends

(9,831,243)

>

(11,133,716)

>

(10,427,783)

>

Other Financing Cash Flows

(402,000)

>

0

>

0

>

Cash Flow from Financing

4,236,588

>

(9,101,622)

>

(5,381,515)

>

Change in Cash

3,986,845

>

2,083,570

>

(2,286,390)

>

Opening Cash

8,071,675

>

5,988,105

>

8,274,495

>

Closing Cash

12,058,520

>

8,071,675

>

5,988,105

>

Depn & Amortn (CF)

3,971,659

>

3,399,865

>

2,672,335

>

Net Purch of Pty Plant & Equip

(9,971,915)

>

(5,787,090)

>

(10,361,302)

>

Standardized Annual CS Balance Sheet

Report Date

06/30/2009

06/30/2008

06/30/2007

Currency

AUD

AUD

AUD

Audit Status

Not Qualified

Not Qualified

Not Qualified

Consolidated

Yes

Yes

Yes

Cash & Equivalents %TA

8.237

>

7.764

>

6.704

>

Cash & Equivs & ST Investments %TA

8.237

>

7.764

>

6.704

>

Receivables (ST) %TA

5.550

>

6.039

>

7.949

>

Inventories %TA

53.969

>

54.312

>

51.375

>

Other Current Assets %TA

0

>

0

>

0

>

Total Current Assets %TA

67.757

>

68.115

>

66.028

>

Gross Property Plant & Equip %TA

-

-

36.510

>

Accumulated Depreciation %TA

-

-

(8.735)

>

Net Property Plant & Equip %TA

23.293

>

25.890

>

27.774

>

Intangible Assets %TA

5.225

>

2.520

>

2.821

>

Deferred LT Assets %TA

3.723

>

3.470

>

3.367

>

Other Assets %TA

0.002

>

0.006

>

0.009

>

Total Assets as 100%

100

>

100

>

100

>

Accounts Payable & Accrued Exps ...