Annual Report 2013 - Mainfreight

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We continue to work hard to further our sales efforts, particularly for more in-country growth. 21.7% Growth in EBITDA Our Asian operations and presence have continued to develop and grow this past year. We now have eight branches located within China, a further three branches in the Asia region in Hong Kong, Taiwan and Singapore, with a number of additional locations pending. Irrespective of the slowing economic conditions and growth rates of China and its close neighbours, there remains an abundance of freight and supply chain logistics opportunities for us to take advantage of. We are also seeing trading terms changing within China, moving from FOB sales to C&F. Import opportunities also continue to grow. As labour rates fluctuate and/or increase in a particular region, manufacturing sourcing changes, and our presence throughout the region will be the key to giving our customers the most comprehensive operational coverage possible. Financial performance for the Asia business in this past twelve months once again has exceeded the prior year, albeit at levels below our expectations given the scope of the opportunities available. We continue to work hard to further our sales efforts, particularly for more in-country growth for both export and import tonnage. Of importance will be the growth of our Asia/Europe/Asia trade lanes; it is those prospects, amongst others, that encouraged us to acquire our European operations. 16 Mainfreight | Annual Report 2013
Asia total {US$000} Revenue EBITDA 30,458 29,900 28,869 2,603 2,139 Law Wai Hung, Mainfreight Hong Kong 2013 2012 2013 2012 Group Managing Director's Report 17
Page 1 and 2: Mainfreight Annual Report 2013 Recr
Page 3 and 4: The Mainfreight business has become
Page 5 and 6: Facts & Figures Our operations are
Page 7 and 8: Wherever we are in the world, all o
Page 9: on any given day We're tackling our
Page 12 and 13: Group Managing Director's report As
Page 14 and 15: Continued investment in facilities
Page 16 and 17: once again working to provide Austr
Page 20 and 21: We have increased our trans-border
Page 22 and 23: Margin levels have been impacted as
Page 24 and 25: Laurie McMahon, Mainfreight Christc
Page 26 and 27: Environment Mainfreight has always
Page 28 and 29: Our people We have no widgets or ga
Page 30 and 31: 28 Mainfreight | Annual Report 2013
Page 32 and 33: Kelvin Teasdale, Lee Tuhura, Chris
Page 34 and 35: Wim Bosman Genk Steven Bleys, Rosol
Page 36 and 37: on any given day Behind the scenes
Page 38 and 39: Marcel ter Heerdt, Driver in Domest
Page 40 and 41: on any given day Mainfreight has he
Page 42 and 43: Executive Team Carl George National
Page 44 and 45: Executive Team continued Carl Howar
Page 46 and 47: Targets & Achievements Recent Curre
Page 48 and 49: Capital Expenditure This year’s f
Page 50 and 51: Corporate Governance THE ROLE OF TH
Page 52 and 53: on any given day Wherever we are in
Page 54 and 55: on any given day Whatever we do, wh
Page 56 and 57: Board of directors Emmet Hobbs Inde
Page 58 and 59: 60 As we drive ourselves hard in th
Page 60 and 61: Operating Statistics How we measure
Page 62 and 63: Financial Contents 65 Income Statem
Page 64 and 65: Balance Sheet as at 31 March 2013 N
Page 66 and 67: Statement of Changes in Equity for
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Cash Flow Statement for the Year En
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2 Summary of Significant Accounting
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3 Financial Risk Management Objecti
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3 Financial Risk Management Objecti
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5 Segmental Reporting The Group ope
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6 Expenses and Other Income The Pro
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7 Income Tax (continued) Recognised
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9 Earnings Per Share The following
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13 Investment in Subsidiary Compani
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14 Non-current Assets - Property, P
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15 Non-current Assets - Intangible
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15 Non-current Assets - Intangible
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20 Leases At balance date the Group
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21 Contributed Equity (continued) C
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23 Related Parties (continued) Tran
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25 Share-based Payment Plans (conti
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30 Abnormal Items During the year t
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of Directors’ financial Responsib
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Donations and Auditors’ Fees Dona
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Interests Register The following en
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Glossary Air & Ocean C&F EBIT EBITA
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Annual Report 2013 - Mainfreight

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