Annual financial statement
Page 1
Listing Rule 4.3A Company Appendix 4E Preliminary Final Report Platinum CAPITAL LIMITED Platinum Capital Limited PMC ASX Code Year ended Previous corresponding year ended ABN Results for Announcement to the Market 30 June 2021 30 June 2020 51 063 975 431 This announcement to the market should be read in conjunction with the 30 June 2021 annual financial report . only For personal use Total investment profit Profit from ordinary activities after tax attributable to members Net profit for the period attributable to members % $ A'000 Movement Large 97,281 Large 68,272 Large 68,272 The Directors consider that pre - tax net tangible asset backing per share , after the deduction of fees and expenses , adjusted for corporate taxes paid , and any capital flows and assuming the reinvestment of dividends ( " pre - tax NTA " ) , is a better measure of performance of the Company than the reported profits . This is because the pre - tax NTA per share is the most accurate way to assess the investment performance of the Company's investment portfolio . For the 12 months to 30 June 2021 , the Company's pre - tax NTA per share increased from $ 1.41 to $ 1.68 . This is after the payment of 6 cents per share in dividends and the equivalent of 1 cent per share in taxes paid during the financial year . The Company's compound annualised return to 30 June 2021 ( measured by its pre - tax NTA ) compared to the benchmark over 1 year , 5 years , 10 years and since inception ( June 1994 ) is shown in the table below : Investment Performance PMC's performance MSCI AC World Net Index in A $ i 1 year 23.9 % 5 years ( % p.a ) 10.6 % 27.7 % 14.4 % 10 years ( % p.a. ) 10.8 % 13.9 % Since inception ( % p.a. ) 11.8 % 7.8 % Source : Platinum Investment Management Limited ( PMC returns ) and FactSet Research Systems ( MSCI returns ) . Note : Returns are calculated after the deduction of fees and expenses , adjusted for taxes paid and any capital flows and assume the reinvestment of dividends . Returns have not been calculated using the Company's share price . Past performance is not a reliable indicator of future performance . The Company's shares continue to trade at a discount to pre - tax NTA . However , the discount narrowed during the financial year , resulting in a total shareholder return of 26.9 % for the year ended 30 June 2021 , exceeding the pre - tax NTA return for the same period . Level 8 , 7 Macquarie Place , Sydney NSW 2000 , Australia | GPO Box 2724 , Sydney NSW 2001 Telephone 61 2 9255 7500 | Investor Services 1300 726 700 | Facsimile 61 2 9254 5555 | Email invest@platinum.com.au | Website www.platinumasia.com.au Platinum Asia Investments Limited ABN 13 606 647 358 Page 1 of 2