Sydney, April 18, 2017 AEST (ABN Newswire) - The Directors of Chapmans Limited (ASX:CHP) (Chapmans, the Company) have today reissued the Annual Report to Shareholders for the year ended 31 December 2016.

The Directors have determined that a revision to the annual report was necessary. This is the Company's first reporting period where the Company has been classified as an investment entity and the accounting standards for an investment entity are complex.

The revision relates to identified adjustments after further consideration was given to the application of the accounting standards for an investment entity.

The effect of the revision is as follows:
 
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                        Report lodged   Report lodged   Movement
                        31 March 2017   13 April 2017
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Revenue                 $3,254,487      $4,200,614      $946,127
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Profit before 
income tax expense      $911,879        $1,858,007      $946,128
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Total comprehensive 
income for the year 
attributable to the 
owners of Chapmans Ltd  $911,879        $1,858,007      $946,128
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Earnings per share 
(cents per share)       0.054           0.111           0.057
------------------------------------------------------------------
Total assets            $10,406,809     $11,352,947     $946,138
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Net assets              $10,060,280     $11,006,408     $946,128 
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To view the revised annual report, please visit:
http://abnnewswire.net/lnk/2GF7P1F0


About Chapmans Limited

Chapmans LimitedChapmans Limited (ASX:CHP) is an ASX listed diversified investment company engaged in special situation investments across a diverse range of industries, with a focus and expertise in the mobile and advanced industrial technology sectors. It seeks to be an active strategic investor in high growth areas of the market, and to identify and work with emerging high growth companies.

The Company's investment philosophy and approach are based on a unique mix of high conviction and special situation features, characterised by advisory and equity investments structured around specific events and assets for both public and large private corporates.

 


Contact

Peter Dykes
Executive Chairman
Chapmans Limited
E: peter.dykes@chapmansltd.com
T: +61-2-9300-3605

Anthony Dunlop
Executive Director
Chapmans Limited
E: anthony.dunlop@chapmansltd.com
T: +61-2-9300-3605



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