StewartBrown Chartered Accounting Firm

News and Articles

  • Home
  • News
  • Tax
  • March 2018 Newsletter - Work Related Expenses & End of 20k Immediate Asset Write Off

2018 Financial Year Listed Aged Care providers analysis report

Print

Overall, the financial results reflect the sector trends of pressure on revenue due to the FY18 freeze on ACFI indexation and ACFI scoring changes; occupancy pressures; and increases in staff costs.

As in prior periods, Estia and Regis both have a net tangible liability which is due to the fact the intangible assets are greater than the net tangible assets.

The ratio of liquid cash assets as a percentage of debt has decreased for all three providers due to the lower levels of cash and cash equivalents held.

Click here to download the 2018 Listed aged care provider analysis.

Aged Care

Sydney Office

StewartBrown
Level 2, Tower 1,
495 Victoria Avenue

Chatswood, NSW, 2067
Tel: (02) 9412 3033
Fax: (02) 9411 3242
info@stewartbrown.com.au

Adelaide Office

StewartBrown
Level 1,
104 Frome Street

Adelaide, SA, 5000
Tel: (08) 8229 2280
Fax: (08) 8229 2288
info@stewartbrown.com.au

Chartered Accountants

Copyright © 2017 StewartBrown