London Finance & Investment
Group PLC
(‘Lonfin’ or the ‘Company’)
Unaudited Interim
Results for the six months ended 31st December 2018 and interim dividend
declaration
The Company today announces its unaudited interim results and
interim dividend declaration for the six months ended
31st December 2018 (the
‘Interim Statement’).
Chairman’s Statement
Introduction
As an investment company our target is to achieve growth in
shareholder value in real terms over the medium to long term.
In the short term our results can be influenced by overall stock
market performance, particularly the valuation of our Strategic
Investments. We continue to believe that a combination of Strategic
Investments and a General Portfolio is the most effective way of
achieving our aims. Strategic Investments are significant
investments in smaller UK quoted companies where we have
expectations of above average growth over the medium to longer term
and these are balanced by a General Portfolio which consists of
investments in major U.S., U.K. and European equities.
At 31st December 2018,
we held two Strategic Investments: Western Selection PLC, and
Finsbury Food Group plc. Detailed comments on our Strategic
Investments are given below.
Results
Our net assets per share decreased 5.2% to 62.0p at
31st December 2018 from
65.4p at 30th June 2018.
Our Strategic Investments decreased in value by 4% during the
period. Our General Portfolio decreased by 8%, compared with
decreases of 11.9% and 10.5% in the FTSE 100 index and the
FTSEurofirst 300 Index respectively, over the half year. At
the close of business on 31st January 2019, our net asset value was 59.9p per
share.
The Group loss before tax for the half
year was £721,000 compared to a profit of £615,000 for the same
period last year. Our total comprehensive loss after tax and
minority interest was £872,000 (2017: £524,000) giving a loss per
share of 1.7p (2017: earning per share 1.8p).
Strategic Investments
Western Selection PLC (“Western”)
The Group owns 7,860,515 Western shares, representing 43.8% of
Western’s issued share capital. Western is a strategic investment
which is technically a subsidiary of the Company that has not been
consolidated due to the application of the investment entity
exemption under IFRS 10.
On 22nd February 2019,
Western announced a loss before tax of £427,000 for its half year
to 31st December 2018 and
a loss per share of 2.4p (2017: restated earnings per share of
0.9p). Western’s net assets at market value were £13,425,000
equivalent to 75p per share. Western also announced an interim
dividend of 1.1p per share (2017: 1.1p per share).
The market value of the Company’s investment in Western at
31st December 2018 was
£4,087,000 representing 21% of the net assets of Lonfin. The
underlying value of the investment in Western, valuing Western’s
own investments at market value, was £4,117,000 (30th
June 2018: £4,329,000).
I am the Chairman of Western and Edward
Beale is a non-executive director.
Western’s main Core Holdings are Northbridge Industrial Services
Plc, Swallowfield Plc, Bilby Plc and Tudor Rose International
Limited.
An extract from Western’s interim results announcement relating
to its main Core Holdings is set out below:
Core Holdings
Northbridge Industrial Service plc
(“Northbridge”)
Northbridge hires and sells specialist industrial equipment to a
non-cyclical customer base. With offices or agents in the UK,
USA, Dubai, Germany, Belgium, France, Australia, New
Zealand, Singapore,
Brazil, Korea and Azerbaijan, Northbridge has a global customer
base. This includes utility companies, the oil and gas sector,
shipping, construction and the public sector. The product range
includes loadbanks, transformers and oil tools. Further
information about Northbridge is available on its website:
www.northbridgegroup.co.uk
Northbridge’s latest results, for the half year to
30th June 2018, showed a
loss after tax
of
£1,472,000 for the period (2017: loss after tax of £2,308,000). No
interim dividend was declared (2017: none).
Western owns 3,300,000 Northbridge shares, representing 11.8% of
Northbridge’s issued share capital. The market value of this
investment at 31st December
2018 was £3,564,000 (30th June 2018: £4,290,000), representing 26.5% of
Western’s net assets.
I am a non-executive director of Northbridge.
Swallowfield plc (“Swallowfield”)
Swallowfield is a market leader in the development, formulation,
manufacture and supply of cosmetics, toiletries and related
household products for global brands and retailers operating in the
cosmetics, personal care and household goods market. Further
information about Swallowfield is available on its website:
www.swallowfield.com
Swallowfield announced its annual results for the 53 weeks ended
30th June 2018 in
September 2018 showing a profit after
tax of £3,633,000 compared to a profit of £2,572,000 for the
comparable period last year. Swallowfield paid a final
dividend of 4.2 per share in December
2018 which provided us with income of £54,600.
The market value of the Company’s holding of shares in
Swallowfield on 31st December
2018 was £2,730,000 (30th June 2018: £4,095,000), representing 20% of the
Company’s net assets.
Western owns 1,300,000 Swallowfield shares (representing 7.6% of
Swallowfield’s issued share capital).
Edward Beale is a non-executive
director of Swallowfield.
Bilby Plc (“Bilby”)
Bilby is an established, and award winning, provider of gas
installation, maintenance and general building services to local
authority and housing associations across London and South East England. It has a
strategy of growing organically and by acquisition. Further
information about Bilby is available on its website:
www.bilbyplc.com.
Bilby announced its interim results for the six-month period to
30th September 2018 on
11th December 2018 showing
a profit after tax of £1,133,000 (2017: £1,966,000). Bilby paid an
interim dividend of 0.5p per share in January 2019 which provided us with income of
£13,500.
Western owns 2,700,000 Bilby shares, which represent 6.7% of
Bilby’s issued share capital. The market value of the
Company’s holding in Bilby on 31st December 2018 was £1,647,000 (30th
June 2018: £2,835,000) representing
12% of the Company’s net assets.
Tudor Rose International Limited
(previously Hartim Limited) (“Tudor Rose International”)
Tudor Rose International works closely with a number of leading
UK branded fast-moving consumer goods companies, offering a
complete sales, marketing and logistical service. Based in
Stroud, Gloucestershire, Tudor Rose International
sells into 78 countries worldwide including USA, Spain,
Portugal, Italy, Czech
Republic, Russia,
Turkey, South Africa, Saudi
Arabia, UAE, Malaysia,
Australia and China.
Our share of Tudor Rose International’s estimated results for
the period ended 31st December
2018 is a loss after tax of £92,000 (2017 – profit after tax
of £81,000).
At 31st December 2018,
Western owned 49.5% of Tudor Rose International. The carrying value
of the Company’s equity investment in Tudor Rose International on
31st December 2018 was
£1,542,000 (2017: £1,674,000) representing 11.5% of the Company’s
net assets. In addition, loans of £191,756 (equivalent to a further
1% of the Company’s net assets) were outstanding at 31st
December 2018 from Tudor Rose’s
executive directors.
Edward Beale and I are
non-executive directors of Tudor Rose International.
Finsbury Food Group plc
(“Finsbury”)
Finsbury is one of the largest producers and suppliers of
premium cakes, bread and morning goods in the UK and currently
supplies most of the UK's major supermarket chains. Further
information about Finsbury, which is admitted to trading on AIM, is
available on its website: www.finsburyfoods.co.uk
At 31st December 2018,
Lonfin held 6,000,000 Finsbury shares, representing approximately
4.6% of Finsbury’s issued share capital. The market value of the
holding was £6,120,000 as at 31st December 2018 (cost - £1,724,000) and represents
approximately 32% (2017: 31%) of Lonfin’s net assets.
On 18th September 2018,
Finsbury announced audited profits on continuing operations after
tax and minority interests of £2,037,000 for the 52 weeks ended
30th June 2018 (2017:
£5,638,000).
Finsbury paid a final dividend of 2.2 per share, making 3.3p for
the year (2017: 3p). This provided the Company with income of
£132,000.
General Portfolio
The portfolio is diverse with material interests in Food and
Beverages, Natural Resources, Chemicals and Tobacco. We
believe that the portfolio of quality companies we hold has the
potential to outperform the market in the medium to long term.
At 31st December 2018,
the number of holdings in the General Portfolio was 30 (2017:
30).
Outlook
The Company’s investment performance since the year end has been
affected by the volatility in the markets and by the reduction in
value of our Strategic Holdings. Although global stock
markets have shown resilience and strength over the course of the
last year, they are now close to all-time highs at a time when
there is continued economic and political uncertainty. Accordingly,
the Board remains cautious about the potential impact of major
geo-political risks and expects to see continued volatility in the
equity and currency markets. These may impact further on the value
of our investments.
The Board has declared an interim dividend of 0.55p per share
(2017: 0.55p).
25th February 2019
D.C. MARSHALL
Chairman
Interim Dividend
The Board recommends an interim gross dividend of 0.55p per
share (10.28561 SA cents) (2017: 0.55p) which will be paid on
Friday 5th April 2019 to
those members registered at the close of business on Friday
15th March 2019 (SA and
UK). Shareholders on the South African register will receive their
dividend in SA Rand converted from sterling at the closing rate of
exchange on Thursday 14th February 2019 being GBP
1 = SA Rand 18.7011.
In respect of the normal gross cash dividend, and in terms of
the South African Tax Act, the following dividend tax ruling only
applies to those shareholders who are registered on the South
African register on Friday 15th March 2019. All other shareholders are
exempt.
Shareholders registered on the South African register are
advised that the dividend withholding tax will be withheld from the
gross final dividend amount of 10.28561 SA cents per share at a
rate of 20% unless a shareholder qualifies for an exemption;
shareholders registered on the South African register who do not
qualify for an exemption will therefore receive a net dividend of
8.22849 SA cents per share. The dividend withholding tax and the
information contained in this paragraph is only of direct
application to shareholders registered on the South African
register, who should direct any questions about the application of
the dividend withholding tax to Computershare Investor Services
(Pty) Limited, Tel: +27 11 370 5000
- The number of
shares in issue now and as at the dividend declaration date is
31,207,479;
- The interim gross
dividend is 10.28561 SA cents;
- The interim net
dividend is 8.22849 SA cents;
- The dividend has
been declared from income reserves, which funds are sourced from
the Company’s main bank account in London and is regarded as a foreign dividend
by South African shareholders; and
- The Company’s UK
Income Tax reference number is 948/L32120.
Dividend dates:
Last day to trade (SA) |
Tuesday 12th March
2019 |
|
|
Shares trade ex-dividend (SA) |
Wednesday 13th March
2019 |
Shares trade ex-dividend (UK) |
Thursday 14th March
2019 |
Record date (SA and UK) |
Friday 15th March
2019 |
Pay date |
Friday 5th April
2019 |
Share certificates may not be de-materialised or re-materialised
between Wednesday 13th March
2019 and Friday 15th March
2019, both dates inclusive. Shares may not be transferred
between registers in London and
South Africa between Wednesday
13th March 2019 and Friday
15th March 2019, both
dates inclusive.
Statement of Directors’
responsibility
The Directors confirm that, to the best of their knowledge:
- the unaudited interim results for the six months ended
31st December 2018, have
been prepared in accordance with IAS 34, ‘Interim financial
reporting’, as adopted by the EU; and
- the Interim Statement includes a fair review of the
information required by DTR 4.2.7R and DTR 4.2.8R of the Disclosure
and Transparency Rules.
Neither this Interim Statement nor any
future interim statements of the Company will be posted to
shareholders. The Interim Statement is available as
follows:
- on the Company’s
website at
www.city-group.com/london-finance-investment-group-plc/; and
- by writing to
City Group PLC, the Company Secretary, at 1 Ely Place, London EC1N 6RY
This Interim Statement contains inside information for the
purposes of Article 7 of EU Regulation 596/2014.
The Directors accept responsibility for the contents of this
Interim Statement.
For further information, please contact:
London Finance &
Investment Group PLC
Sponsor:
Sasfin Capital (a member of the Sasfin Group). |
+44(0) 20 7796 9060
|
Consolidated Statement of Total
Comprehensive Income (Unaudited)
|
Half
year ended |
|
Year Ended |
|
31st December |
|
30th
June |
|
2018 |
|
2017 |
|
2018 |
|
£000 |
|
£000 |
|
£000 |
Operating Income |
|
|
|
|
|
Dividends received |
335 |
|
311 |
|
674 |
Rental and other income |
55 |
|
50 |
|
107 |
Profit on sales of investments,
including provisions |
15 |
|
26 |
|
26 |
|
405 |
|
387 |
|
|
Management service fees |
132 |
|
118 |
|
274 |
|
537 |
|
505 |
|
1,081 |
Administrative expenses |
|
|
|
|
|
Investment operations |
(209) |
|
(229) |
|
(411) |
Management services |
(191) |
|
(162) |
|
(364) |
Total administrative expenses |
(400) |
|
(391) |
|
(775) |
Operating profit |
137 |
|
114 |
|
306 |
|
|
|
|
|
|
Unrealised changes in the carrying
value of General Portfolio investments |
(814) |
|
501 |
|
(117) |
Exceptional costs –
office move |
(35) |
|
- |
|
- |
Interest payable |
(9) |
|
(1) |
|
(14) |
(Loss)/Profit before
taxation |
(721) |
|
615 |
|
175 |
Tax expense |
182 |
|
(49) |
|
20 |
(Loss)/Profit after
taxation |
(539) |
|
566 |
|
195 |
Non-controlling interest |
19 |
|
(3) |
|
(8) |
(Loss)/Profit
attributable to shareholders |
(520) |
|
563 |
|
187 |
|
|
|
|
|
|
Other comprehensive
income/(expense) – |
|
|
|
|
|
Unrealised changes in the carrying
value of Strategic Investments |
(443) |
|
(87) |
|
(23) |
Deferred tax |
90 |
|
48 |
|
42 |
Corporation tax |
- |
|
- |
|
50 |
Total other
comprehensive (expense)/income |
(353) |
|
(39) |
|
69 |
|
|
|
|
|
|
Total comprehensive
(expense)/income attributable to shareholders |
(873) |
|
524 |
|
256 |
|
|
|
|
|
|
Basic and Diluted (loss)/earnings
per share |
(1.7)p |
|
1.8p |
|
0.6p |
Adjustment for the unrealised
changes in the carrying value of investments, net of tax |
2.0p |
|
(1.5)p |
|
0.2p |
Headline earnings per share |
0.3p |
|
0.3p |
|
0.8p |
|
|
|
|
|
|
Interim dividend |
0.55p |
|
0.55p |
|
0.55p |
Final dividend |
|
|
- |
|
0.60p |
Total in respect of
the period |
0.55p |
|
0.55p |
|
1.15p |
Consolidated Statement of Changes in
Shareholders’ Equity (Unaudited)
|
|
|
|
|
|
|
|
|
|
Ordinary Share
Capital |
Share Premium
Account |
Unrealised Profits
and Losses on Investments |
Share of Retained
profits and losses Results of Subsidiaries |
Retained Realised
Profits & Losses |
Total |
Non-Controlling
Interests |
Total
Equity |
|
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
Period ended
31st Dec 2018 |
|
|
|
|
|
|
|
|
Balances at
1st July 2017 |
1,560 |
2,320 |
8,056 |
4,207 |
4,253 |
20,396 |
105 |
20,501 |
(Loss)/Profit for the
Period |
- |
- |
(613) |
198 |
(105) |
(520) |
(19) |
(539) |
Other Comprehensive
Expense |
- |
- |
(353) |
- |
- |
(353) |
- |
(353) |
Total comprehensive
(expense)/income |
- |
- |
(966) |
198 |
(105) |
(873) |
(19) |
(892) |
Dividends paid and
total transactions with shareholders |
- |
- |
- |
- |
(187) |
(187) |
- |
(187) |
Balances at
31st Dec 2018 |
1,560 |
2,320 |
7,090 |
4,405 |
3,961 |
19,336 |
86 |
19,422 |
|
|
|
|
|
|
|
|
|
|
Ordinary Share
Capital |
Share Premium
Account |
Unrealised Profits
and Losses on Investments |
Share of Retained
profits and losses Results of Subsidiaries |
Retained Realised
Profits & Losses |
Total |
Non-Controlling
Interests |
Total
Equity |
|
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
£000 |
Period ended
31st Dec 2017 |
|
|
|
|
|
|
|
|
Balances at
1st July 2017 |
1,560 |
2,320 |
8,265 |
3,794 |
4,544 |
20,483 |
97 |
20,580 |
Profit for the
Period |
- |
- |
288 |
206 |
68 |
563 |
3 |
566 |
Other Comprehensive
Expense |
- |
- |
(39) |
- |
- |
(39) |
- |
(39) |
Total comprehensive
income |
- |
- |
249 |
206 |
68 |
524 |
3 |
527 |
Dividends paid and
total transactions with shareholders |
- |
- |
- |
- |
(172) |
(172) |
- |
(172) |
Balances at
31st Dec 2017 |
1,560 |
2,320 |
8,514 |
4,000 |
4,441 |
20,835 |
100 |
20,935 |
Consolidated Statement of Financial
Position (Unaudited)
|
31st December |
|
30th
June |
|
2018 |
|
2017 |
|
2018 |
|
£000 |
|
£000 |
|
£000 |
Non-current assets |
|
|
|
|
|
Property, plant and equipment |
46 |
|
15 |
|
13 |
Strategic investments: - |
|
|
|
|
|
Finsbury Food Group
Plc |
6,120 |
|
6,420 |
|
6,720 |
Western Selection
PLC |
4,087 |
|
4,166 |
|
3,930 |
|
10,253 |
|
10,601 |
|
10,663 |
|
|
|
|
|
|
Current assets |
|
|
|
|
|
Listed investments |
9,829 |
|
11,295 |
|
10,676 |
Trade and other receivables |
227 |
|
63 |
|
251 |
Cash and cash equivalents |
495 |
|
277 |
|
304 |
|
10,551 |
|
11,635 |
|
11,231 |
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
Trade and other payables falling due
within one year |
(943) |
|
(483) |
|
(671) |
|
|
|
|
|
|
Net Current Assets |
9,608 |
|
11,152 |
|
10,560 |
|
|
|
|
|
|
Deferred taxation |
(439) |
|
(818) |
|
(722) |
|
|
|
|
|
|
Total Assets less Total
Liabilities |
19,422 |
|
20,935 |
|
20,501 |
|
|
|
|
|
|
Capital and Reserves |
|
|
|
|
|
Called up share capital |
1,560 |
|
1,560 |
|
1,560 |
Share premium account |
2,320 |
|
2,320 |
|
2,320 |
Unrealised profits and losses on
investments |
7,090 |
|
8,514 |
|
8,056 |
Share of retained
profits and losses of subsidiaries |
4,405 |
|
4,000 |
|
4,207 |
Company’s retained realised profits
and losses |
3,961 |
|
4,441 |
|
4,253 |
Total Capital and Reserves
attributable to owners |
19,336 |
|
20,835 |
|
20,396 |
|
|
|
|
|
|
Non-controlling equity interest |
86 |
|
100 |
|
105 |
|
19,422 |
|
20,935 |
|
20,501 |
|
|
|
|
|
|
Net assets per share |
62.0p |
|
66.8p |
|
65.4p |
|
|
|
|
|
|
Number of shares in
issue |
31,207,479 |
|
31,207,479 |
|
31,207,479 |
Consolidated Statement of Cash Flows
(Unaudited)
|
Half
year ended |
|
Year ended |
|
31st December |
|
30th
June |
|
2018 |
|
2017 |
|
2018 |
|
£000 |
|
£000 |
|
£000 |
Cash flows from operating
activities |
|
|
|
|
|
|
|
|
|
|
|
(Loss)/Profit before tax |
(721) |
|
615 |
|
175 |
Adjustments for non-cash - |
|
|
|
|
|
Finance expense |
9 |
|
1 |
|
14 |
Depreciation charges |
6 |
|
4 |
|
9 |
Unrealised changes in the fair value
of investments |
814 |
|
(501) |
|
117 |
Realised gain on disposal of
investments |
(15) |
|
- |
|
(26) |
Decrease/(Increase)in trade and
other receivables |
26 |
|
157 |
|
(32) |
Increase/(Decrease) in trade and
other payables |
45 |
|
(3) |
|
96 |
Overseas Taxes paid |
(11) |
|
(11) |
|
(230) |
Net cash inflow from operating
activities |
153 |
|
262 |
|
123 |
|
|
|
|
|
|
Cash flows from investment
activity |
|
|
|
|
|
|
|
|
|
|
|
Acquisition of property, plant and
equipment |
(39) |
|
(5) |
|
(8) |
Acquisition of current
investments |
(611) |
|
(727) |
|
(699) |
Disposal of current investment |
660 |
|
698 |
|
698 |
Net cash inflow/(outflow) from
investment activity |
10 |
|
(34) |
|
(9) |
|
|
|
|
|
|
Cash flows from
financing |
|
|
|
|
|
|
|
|
|
|
|
Interest paid |
(9) |
|
(1) |
|
(14) |
Equity dividends paid |
(188) |
|
(172) |
|
(343) |
Net drawdown of loan facilities |
225 |
|
- |
|
325 |
Net cash inflow/(outflow) from
financing |
28 |
|
(173) |
|
(32) |
|
|
|
|
|
|
Increase in cash and cash
equivalents |
191 |
|
55 |
|
82 |
Cash and cash equivalents at the
beginning of the year |
304 |
|
222 |
|
222 |
Cash and cash equivalents at end
of the year |
495 |
|
277 |
|
304 |
|
|
|
|
|
|
Reconciliation of net cash flow to
movement in net debt
|
At start |
|
Cash |
|
At end of |
|
of Period |
|
Flow |
|
Period |
Half year
ended |
£000 |
|
£000 |
|
£000 |
31st
December 2018 |
|
|
|
|
|
Cash and cash
equivalents |
304 |
|
191 |
|
495 |
Bank revolving credit
facility |
(325) |
|
(225) |
|
(550) |
Net cash and cash
equivalents |
(21) |
|
(34) |
|
(55) |
|
|
|
|
|
|
31st
December 2017 |
|
|
|
|
|
Cash and cash
equivalents |
222 |
|
55 |
|
277 |
|
|
|
|
|
|
Year ended
30th June 2018 |
|
|
|
|
|
Cash and cash
equivalents |
222 |
|
82 |
|
304 |
Bank revolving credit
facility |
- |
|
(325) |
|
(325) |
Net cash and cash
equivalents |
222 |
|
(243) |
|
(21) |
|
|
|
|
|
|
Notes: -
1. |
Basis of
preparation:
The results for the half-year are unaudited. The information
contained in this report does not constitute statutory accounts
within the meaning of the Companies Act 2006. The statutory
accounts of the Group for the year ended 30th June 2018
have been reported on by the Company's auditors and have been
delivered to the Registrar of Companies. The report of the
auditors was unqualified. |
|
Under IFRS 9, the Company has elected to classify its long-term
Strategic Investments as financial instruments which are held at
fair value with unrealised changes in value taken directly to Other
Comprehensive Income. General Portfolio investments are held at
fair value with unrealised changes in fair value recognised in
Profit or Loss. Strategic and General Portfolio investments are
quoted investments, and their fair value continues to be calculated
using quoted prices.
This report has been prepared in accordance with the accounting
policies contained in the Group’s 2018 Annual Report and Accounts
and International Financial Reporting Standards, and complies with
IAS 34, ‘Interim financial reporting’ as adopted by the EU.
The financial information contained in this report has not been
audited or reviewed by the Company’s auditors. |
2. |
Earnings per
share:
Earnings per share are based on the (loss)/profit on ordinary
activities after taxation and non-controlling interests of
£(520,000) (2017: £563,000) and on 31,207,479 (2017: 31,207,479)
shares being the weighted average of number of shares in issue
during the year. There are options outstanding over 80,000
shares.
Reconciliation of headline earnings
Headline earnings are required to be disclosed by the JSE. Headline
earnings per share are based on the profit attributable to the
shareholders after tax and non-controlling interests, before
unrealised changes in the fair value of investments net of tax, of
£93,000 (2017: £11,000) and on 31,207,479 (2017: 31,207,479) shares
being the weighted average of number of shares in issue during the
year.
|
3. |
Going
Concern:
After making enquiries, the Board is satisfied that the Group will
be able to operate within the level of its facilities for the
foreseeable future. For this reason, the Board considers it
appropriate for the Group to adopt the going concern basis in
preparing its financial statements. |
4. |
Principal risks and uncertainties:
The principal risks and uncertainties which could impact the
Group’s long-term performance and its performance over the
remaining six months of the financial year are disclosed on pages
9-10 of the Group’s 2018 Annual Report and Accounts. The key risks
and mitigating activities have not changed from these:
- Stock
market vulnerability and economic uncertainty including Brexit;
-
Possible volatility of share prices of investments;
-
Dividend income;
-
Ability to make strategic investments; and
-
Liquidity of equity investments in strategic investments. |
Composition of General Portfolio
|
|
Value |
|
|
|
|
£000 |
|
% |
Diageo |
|
475 |
|
4.8 |
LVMH Moet
Hennessey |
|
464 |
|
4.7 |
Investor
AB |
|
462 |
|
4.7 |
Pernod
Ricard |
|
444 |
|
4.5 |
Schindler-Holdings AG |
|
436 |
|
4.4 |
Royal
Dutch Shell |
|
421 |
|
4.3 |
Unilever |
|
414 |
|
4.2 |
Nestle |
|
384 |
|
3.9 |
Brown
Forman |
|
383 |
|
3.9 |
L'Oreal |
|
381 |
|
3.9 |
Givaudan |
|
381 |
|
3.9 |
Heineken
Holding |
|
374 |
|
3.8 |
HSBC
Holding |
|
356 |
|
3.6 |
Exxon
Mobil Corp |
|
353 |
|
3.6 |
Danone |
|
331 |
|
3.4 |
3M
Co |
|
329 |
|
3.3 |
Procter
& Gamble Co |
|
325 |
|
3.3 |
Henkel |
|
318 |
|
3.2 |
Antofagasta |
|
313 |
|
3.2 |
Reckitt
Benckiser Group |
|
295 |
|
3.0 |
United
Technologies Corp |
|
284 |
|
2.9 |
Phillip
Morris International Inc |
|
267 |
|
2.7 |
Becton
Dickinson & Co |
|
248 |
|
2.5 |
British
American Tobacco |
|
245 |
|
2.5 |
BASF |
|
228 |
|
2.3 |
Imperial
Brands |
|
212 |
|
2.2 |
Anheuser
Busch Inbev |
|
193 |
|
2.0 |
AP
Moeller-Maersk |
|
187 |
|
1.9 |
Compagnie
Financiere Richemont |
|
166 |
|
1.7 |
Deutsche
Post |
|
160 |
|
1.6 |
|
|
9,829 |
|
100 |