Net Asset Backing

The net tangible asset backing of Australian Foundation Investment Company Limited shares at 31 July 2010 was $4.70 per share before tax (last month $4.49) and $4.10 after tax (last month $3.95).

The before and after tax numbers relate to the provision for deferred tax on the unrealised gains in the Company's investment portfolio. The Company is a long term investor and does not intend disposing of its total long term investment portfolio. Under current Accounting Standards, the Company is required to provide for tax on any gains that may arise on such a theoretical disposal, after the utilisation of brought forward losses.

31 July 2010 $4.70
30 June 2010 $4.49
31 May 2010 $4.60
30 April 2010 $4.98
31 March 2010 $5.08
28 February 2010 $4.80
31 January 2010 $4.76
31 December 2009 $5.04
30 November 2009 $4.86
31 October 2009 $4.77
30 September 2009 $4.79
31 August 2009 $4.54
31 July 2009 $4.39

Financial Results

The Company has a 30 June financial year-end, with results announced for the full year in July and interim results in January.

Select a Copy of the Financial Results


ASX announcements

Company announcements are sourced from the Australian Securities Exchange. Retrieving these announcements indicates your acceptance of the Conditions.