Maybe but their dividend payout is based on UNPAT and if you are looking at this as in income investment then the UNPAT is probably worth watching. I note that although their basic EPS has fallen over the last couple of years, the UNPAT EPS has barely changed since 2015 and they have not notified the market of any significant income downgrade or dividend reduction. I don't really normally read annual report financials so I'm probably talking rubbish here. I'm just a short-term investor with a 1-2 month view at best.
Ann: Investor presentation - IOOF FY 2018 results, page-187
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