AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
AUDITED CONDENSED CONSOLIDATED FINANCIAL ... - AFGRI
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The retail transaction<br />
Equipment<br />
Partrite<br />
Retail<br />
Production<br />
Grain<br />
Management<br />
Industrial<br />
Processing<br />
Restructure underway<br />
Completed<br />
Insurance<br />
Farmer<br />
Lending<br />
GroCapital<br />
19<br />
The retail transaction<br />
• Rationale<br />
• Opportunity to create a focussed retail business<br />
• Expected increase in volumes through increased footprint<br />
• <strong>AFGRI</strong> retains a 50% interest in a larger retail entity<br />
• In future the 50% shareholding will be equity accounted<br />
• John Deere franchise is excluded<br />
• Assets included in transaction<br />
• Retail stores<br />
• FarmCity stores<br />
• Direct business<br />
• Advantages to <strong>AFGRI</strong><br />
• Better working capital management<br />
• Lower costs<br />
• Better stock management resulting in improved returns<br />
• Expected finalisation date – Q1 2013<br />
Creation of a focused retail platform for future growth<br />
20<br />
page 25<br />
Audited condensed consolidated financial results for the year ended 30 June 2012 and cash dividend declaration
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