Thorney Opportunities : Appendix 4D and 2017 Half-year financial statements

Thorney Opportunities Ltd ABN 41 080 167 264

Appendix 4D and 2017 Half‐Year Financial Statements

December 2016

THORNEY OPPORTUNITIES LTD ACN 080 167 264

APPENDIX 4D (Listing Rule 4.2A3)

Financial statements for the half‐year ended 31 December 2016

RESULTS FOR ANNOUNCEMENT TO THE MARKET

$'000s Up/Down	Movement
28,342 Up
	176%

(All comparisons to half‐year ended 31 December 2015)

Revenue from ordinary activities

Profit (loss) after tax for the year 16,366 Up 127%

Dividend information

Amount per

share (cents)

Franked amount per

share (cents)

Tax rate

for franking

credit

2017 Interim dividend per share 0.60 0.60 30%

2016 Final dividend per share 0.60 0.60 30%

2016 Interim dividend per share 0.55 0.55 30%

2017 Interim dividend dates

Ex‐dividend date 15 March 2017

Record date 16 March 2017

DRP Election date 17 March 2017

Final dividend payment date 5 April 2017

A Dividend Reinvestment Plan (DRP) will operate in respect of the 2017 Interim dividend and no discount will be applied. The last date for receipt of election notices to participate in the DRP is 17 March 2017.

31 Dec 2016 31 Dec 2015	Movement
69.9 cents 55.8 cents	Up 25%

Net tangible asset backing per ordinary share

This information should be read in conjunction with the 2016 Annual Report of Thorney Opportunities Ltd and any public announcements made in the period by Thorney Opportunities Ltd in accordance with the continuous disclosure requirements of the Corporations Act 2001 and Listing Rules.

This report is based on the 2017 half‐year financial statements of Thorney Opportunities Ltd, which have been reviewed by Ernst & Young. The Independent Auditor's Review Report provided by Ernst & Young is included in the 31 December 2016 half‐year financial statements.

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100

Company particulars

Thorney Opportunities Ltd is a disclosing entity under the Corporations Act 2001 and currently considered an investment entity pursuant to ASX Listing Rules. The Company is primarily an investor in listed equities on the Australian securities market.

ASX Code: TOP

Security: Thorney Opportunities Ltd fully paid ordinary shares Directors: Alex Waislitz, Chairman

Ashok Jacob Henry Lanzer AM Dr Gary Weiss

Secretary: Craig Smith Country of incorporation Australia

Registered office: Level 39, 55 Collins Street

Melbourne Vic 3000 Contact details: Level 39, 55 Collins Street

Melbourne Vic 3000 T: + 613 9921 7116 F: + 613 9921 7100

E: [e-mail]

W: www.thorneyopportunities.com.au Investment Manager: Thorney Management Services Pty Ltd

Level 39, 55 Collins Street Melbourne Vic 3000 AFSL: 444369

Auditor: Ernst & Young, Melbourne 8 Exhibition Street Melbourne Vic 3000

Share Registry: Boardroom Pty Limited

Level 12, 225 George Street Sydney NSW 2000

T: + 612 9290 9600 F: + 612 9279 0664

W: www.boardroomlimited.com.au

For all shareholder related enquiries please contact the share registry.

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Contents

Chairman's letter 4

Directors' report 5

1. Directors 5

2. Principal activities 5

3. Review of operations 5

4. Auditor's independence declaration 5

Auditor's independence declaration 6

Statement of comprehensive income 7

Statement of financial position 8

Statement of changes in equity 9

Statement of cash flows 10

Notes to the financial statements 11

Directors' declaration 16

Independent Auditor's Review Report 17

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