Financial snapshot

We're proud to be a company that makes a difference to thousands of New Zealanders and creates value for investors. We've shown consistent growth and are positioned strongly for the future. 

Summerset at a glance 

Here's a snapshot from our 2018 Annual Report to 31 December. 

 

More than

5,000

residents

More than

1,400

staff members

25

Villages completed or under construction

9

Greenfield sites

Land bank of

3,910

retirement units

Land bank of

540

care beds

3,732

Retirement units in portfolio

858

Care beds in portfolio

Trends across the business

Browse highlights from our 2018 Annual Report to 31 December below.

Retirement unit delivery
Retirement unit delivery
Occupation right sales
Occupation right sales
Underlying profit *
Underlying profit

* Underlying profit is a non-GAAP measure and differs from NZ IFRS profit for the period. Underlying profit does not have a standardised meaning prescribed by GAAP and therefore may not be comparable to similar financial information presented by other entities. The Directors have provided an underlying profit measure in addition to IFRS profit to assist readers in determining the realised and unrealised components of fair value movement of investment property and tax expense in the Group’s income statement. The measure is used internally in conjunction with other measures to monitor performance and make investment decisions and has been audited by Ernst & Young. Underlying profit is a measure which the Group uses consistently across reporting periods. Underlying profit is used to determine the dividend pay-out to shareholders.

Total assets
Total assets

8 YEAR METRICS SUMMARY