AFI.AX
30 August 2021
The Manager
ASX Market Announcements
Australian Securities Exchange
Exchange Centre
Level 4
20 Bridge Street
Sydney NSW 2000
Electronic Lodgement
Australian Foundation Investment Company Limited
Statutory Annual Report, Annual Shareholder Review and
Annual General Meeting Documentation
Dear Sir / Madam
Please find attached the 2021 Statutory Annual Report, Annual Shareholder Review and Annual General Meeting Documentation being sent to shareholders.
Yours faithfully
Matthew Rowe
Company Secretary
Authorised by the Company Secretary
Annual Report
2021
AUSTRALIAN FOUNDATION INVESTMENT COMPANY IS A LISTED INVESTMENT COMPANY INVESTING
IN AUSTRALIAN AND NEW ZEALAND EQUITIES.
Contents
2
DIRECTORS'
34 FINANCIAL
58 DIRECTORS'
REPORT
STATEMENTS
DECLARATION
2
5 Year Summary
35
Consolidated Income Statement
59 INDEPENDENT
4
About the Company
36
Consolidated Statement of
AUDIT REPORT
6
Review of Operations
Comprehensive Income
and Activities
37
Consolidated Balance Sheet
64 OTHER
12
Top 25 Investments
38
Consolidated Statement
INFORMATION
13
Company Position
of Changes in Equity
14
Board Members
40
Consolidated Cash Flow
64
Information About Shareholders
Statement
17
Senior Executives
64
Major Shareholders
18
Remuneration Report
41 NOTES TO
65
Sub-underwriting
32
Non-audit Services
THE FINANCIAL
65
Substantial Shareholders
33
Auditor's Independence
STATEMENTS
65
Transactions in Securities
Declaration
66 Major Transactions in the
41
A. Understanding AFIC's
Investment Portfolio
Financial Performance
67
Holdings of Securities
45
B. Costs, Tax and Risk
69
Holdings of International
48
C. Unrecognised Items
Securities
49
D. Balance Sheet
70
Issues of Securities
Reconciliations
72
Company Particulars
51
E. Income Statement
73
Shareholder Information
Reconciliations
52
F. Further Information
Australian Foundation Investment Company Limited
ABN 56 004 147 120
Year in Summary
2021
Profit for
$235.1m
$240.4m in 2020.
the Year
Down 2.2%
Fully
14
¢
24
¢
24 cents total
Franked
in 2020
Dividend
Final
Total
Total
35.2%
Share price plus
Shareholder
dividend, including
Return
franking*
Total
31.9%
S&P/ASX 200
Accumulation Index
Portfolio
including franking*
Return
Including franking*
29.1%
Management
0.14%
0.13%
Ratio
Expense
in 2020
$9.1b
$7.2 billion in 2020
Total
Including cash
at 30 June.
Portfolio
* Assumes a shareholder can take full advantage of the franking credits.
Australian Foundation Investment Company Limited
1
Annual Report 2021
DIRECTORS' REPORT
5 Year Summary
Net Profit After Tax
Net Profit Per Share
Dividends Per Share
($ Million)
(Cents)
(Cents)(b)
2021
235.1
2021
19.3
2021
24
2020
240.4
2020
19.9
2020
24
2019
272.2
134.2
(a)
2019
34.0
2019
24
(c)(c)
832
2018
279.0
2018
23.6
2018
24
2017
245.3
2017
21.3
2017
24
Notes
Australian Foundation Investment Company Limited
2
Annual Report 2021
Disclaimer
Australian Foundation Investment Company Limited published this content on 30 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 08:31:09 UTC.