Learning Media Ltd
Learning Media Ltd (LML) is a state-owned enterprise that develops education programmes, providing a wide range of products and services. LML’s core business is the publication, production, marketing and sale of educational materials, particularly to the Ministry of Education. LML warehouses educational material and fulfils orders for this material, mainly from New Zealand schools. LML also develops education materials for overseas markets, in particular the United States.
Key Documents
| 22 Dec 2011 | 2011 Valuation Reports |
|---|---|
| 22 Dec 2011 | Annual Report 2010/11 (LML website) |
| 22 Dec 2011 | Statement of Corporate Intent 2011: lm-sci-11.pdf (2043 KB) |
| 20 Nov 2010 | Annual Report 2009/10: lm-ar-09-10.pdf (3499 KB) |
| 20 Nov 2010 | Interim Report Dec 2009: lm-ir-dec09.pdf (222 KB) |
| 20 Nov 2010 | Statement of Corporate Intent 2010: lm-sci-10.pdf (347 KB) |
KPI
Key Financial Performance Indicators - Learning Media Ltd
For the Year Ended 30 June 2011 |
2010/11 SCI Target ($000s) |
Actual 2011 $000s |
Actual 2010 $000s |
|---|---|---|---|
| Proprietorship Ratio (%) | 48.6 | 39.5 | 43.50 |
| Total Revenue | 21,750 | 23,474 | 24,019 |
| Revenue per FTE | 218 | 216 | 221 |
| Operating Surplus/(Deficit) before Tax | 750 | 911 | 2,160 |
| Net Surplus/(Deficit) after Tax | 525 | 560 | 1,540 |
| EBITDA / Turnover (%) | 5.0 | 5.0 | 10.0 |
| Return on Total Assets (Net Surplus/(Deficit)/Average Assets Employed) (%) | 4.7 | 4.0 | 12.30 |
| Return on Shareholders funds (Net Surplus/(Deficit)/Average Equity) (%) | 9.0 | 9.7 | 32.40 |
| Return on Assets (EBIT/Average Total Assets) (%) | 6.9 | 6.7 | 17.50 |
Financials
Ratio |
2002/03 |
2003/04 |
2004/05 |
2005/06 |
2006/07 |
2007/08 |
2008/09 |
2009/10 |
2010/11 |
|---|---|---|---|---|---|---|---|---|---|
| Total Shareholder Return (TSR) (%) | N/A | N/A | N/A | N/A | (4.7) | (36.3) | 61.8 | 90.9 | 58.1 |
| Dividend Yield (%) | N/A | N/A | N/A | 3.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.7 |
| Dividend Payout (%) | 186.6 | 55.9 | (5.1) | 8.2 | 0.0 | 0.0 | 0.0 | 0.0 | (3.7) |
| Adjusted ROE (%) | N/A | 2.4 | 8.6 | 18.6 | 3.1 | (80.6) | 46.3 | 32.4 | 9.7 |
| ROCE (%) | N/A | 4.1 | 13.6 | 24.4 | 6.4 | (95.9) | 66.8 | 42.4 | 13.1 |
| Operating Margin (%) | 10.6 | 7.0 | 8.6 | 9.9 | 6.8 | 7.0 | 12.2 | 10.0 | 5.1 |
| Generator Efficiency | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Gearing (%) | 0.0 | 0.0 | 0.0 | 0.0 | 20.5 | 0.8 | 0.0 | 0.0 | 0.0 |
| Interest Cover (%) | N/A | N/A | N/A | 469.80 | 50.24 | 14.68 | 131.00 | 115.76 | 50.38 |
| Solvency | 1.31 | 1.32 | 1.49 | 1.20 | 1.13 | 0.94 | 1.25 | 1.50 | 1.41 |
| Revenue Growth (5 yr) (%) | (1.5) | ||||||||
| Dividend Growth (5 yr) (%) | N/A | ||||||||
Financial Performance measures for SOEs: fpm-soes.pdf (40 KB)
