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Honey Bun adds $145m in assets

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Fast-growing bakery Honey Bun Limited recorded $145 million worth of additions to its property plant and equipment in its financial year.

That’s three times higher than a year earlier, according to audited financials released this month.

The rise comes amid the acquisition of two properties in the company’s financial year ending September 2014.

As a consequence, the net value of its property, plant and equipment rose to $296 million.

The greatest additions came from the building assets which rose to $134 million from $40 million one year earlier, followed by land at $20 million from nil a year earlier, the financials indicated.

Published in the Observer
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