RFG Annual Report 2007 - Retail Food Group

More documents

Recommendations

Info

06/07 Annual Report 20 Retail Food Group Annual Report Value of options issued to directors and executives The following table summarises the value of options granted, exercised or lapsed during the annual reporting period to the identifi ed Directors and executives: Value of options granted at the grant date (i) Value of options exercised at the exercise date Value of options lapsed at the date of lapse $ $ $ $ Tony Alford 18,817 – – 18,817 Nigel Nixon 14,426 – – 14,426 John Cowley 12,545 – – 12,545 Colin Archer 8,960 – – 8,960 Gary Best 16,129 – – 16,129 Robert Sutherland 12,007 – – 12,007 Gavin Nixon 12,634 – – 12,634 Mark Connors 10,573 – – 10,573 Gary Alford 17,025 – – 17,025 Total (i) The value of options granted during the period is recognised in compensation over the vesting period of the grant, in accordance with Australian accounting standards. Proceedings on behalf of the Company No person has applied for leave of a Court to bring proceedings on behalf of the Company or intervene in any proceedings to which the Company is a party for the purpose of taking responsibility on behalf of the Company for all or any part of those proceedings. The Company was not a party to any such proceedings during the year. Non-audit services Details of amounts paid or payable to the auditor for non-audit services provided during the year by the auditor are outlined in note 36 to the fi nancial statements. The directors are satisfi ed that the provision of non-audit services, during the year, by the auditor (or by another person or fi rm on the auditor’s behalf) is compatible with the general standard of independence for auditors imposed by the Corporations Act 2001. The directors are of the opinion that the services as disclosed in note 36 to the fi nancial statements do not compromise the external auditor’s independence, based on advice received from the Audit Committee, for the following reasons: • all non-audit services have been reviewed and approved to ensure that they do not impact the integrity and objectivity of the auditor, and • none of the services undermine the general principles relating to auditor independence as set out in Code of Conduct APES 110 Code of Ethics for Professional Accountants issued by the Accounting Professional and Ethical Standards Board, including reviewing or auditing the auditor’s own work, acting in a management or decision-making capacity for the company, acting as advocate for the company or jointly sharing economic risks and rewards. Auditor’s independence declaration The auditor’s independence declaration is included on page 21 of the fi nancial report. Rounding off of amounts The Company is a company of the kind referred to in ASIC Class Order 98/0100, dated 10 July 1998, and in accordance with that Class Order amounts in the Directors’ report and the fi nancial report are rounded off to the nearest thousand dollars, unless otherwise indicated. Signed in accordance with a resolution of the Directors made pursuant to s.298(2) of the Corporations Act 2001. On behalf of the Directors RETAIL FOOD GROUP LIMITED A J (Tony) Alford Managing Director and CEO Southport, 27th September 2007
Deloitte Touche Tohmatsu A.C.N. 74 490 121 060 Riverside Centre Level 25 123 Eagle Street Brisbane QLD 4000 GPO Box 1463 Brisbane QLD 4001 Australia DX 115 Tel: +61 (0) 7 3308 7000 Fax: +61 (0) 7 3308 7001 21 The Board of Directors Retail Food Group Limited 26 Railway Street Southport QLD 4215 27 September 2007 Dear Board Members Retail Food Group Limited www.deloitte.com.au Retail Food Group Annual Report In accordance with section 307C of the Corporations Act 2001, I am pleased to provide the following declaration of independence to the directors of Retail Food Group Limited. As lead audit partner for the audit of the fi nancial statements of Retail Food Group Limited for the fi nancial year ended 30 June 2007, I declare that to the best of my knowledge and belief, there have been no contraventions of: (i) the auditor independence requirements of the Corporations Act 2001 in relation to the audit; and (ii) any applicable code of professional conduct in relation to the audit. Yours sincerely, DELOITTE TOUCHE TOHMATSU Matthew Sheerin Partner Chartered Accountants Liability limited by a scheme approved under Professional Standards Legislation. Member of Deloitte Touche Tohmatsu
Page 1: Retail Food Group Limited ACN 106 8
Page 5 and 6: Chairman’s letter Dear Shareholde
Page 7 and 8: Managing Director’s Report The Co
Page 9 and 10: OUTLOOK The 2007 fi nancial year ha
Page 11 and 12: The role of the Board and delegatio
Page 13 and 14: Directors’ Report The directors o
Page 15 and 16: The Group also continued with its s
Page 17 and 18: 4. Coffee Roasting Facility (CRF) T
Page 19 and 20: Directors’ meetings The following
Page 21: The following table discloses the r
Page 25 and 26: 23 Auditor’s Independence Declara
Page 27 and 28: Income statement for the financial
Page 29 and 30: Statement of changes in equity for
Page 31 and 32: Notes to the financial statements f
Page 33 and 34: The directors anticipate that the a
Page 35 and 36: On consolidation, the assets and li
Page 37 and 38: (p) Property, plant and equipment L
Page 39 and 40: 6. Revenue An analysis of the Group
Page 41 and 42: 9. Income taxes 39 Income tax recog
Page 43 and 44: 9. Income taxes (continued) Deferre
Page 45 and 46: 10. Trade and other receivables 43
Page 47 and 48: 13. Property, plant and equipment 4
Page 49 and 50: 14. Other intangible assets (contin
Page 51 and 52: 19. Other liabilities 49 2007 $’0
Page 53 and 54: 23. Earnings per share 51 2007 Cent
Page 55 and 56: 26. Contingent liabilities and cont
Page 57 and 58: 28. Subsidiaries 55 Name of entity
Page 59 and 60: 30. Discontinued operations Disposa
Page 61 and 62: 31. Notes to the cash flow statemen
Page 63 and 64: 32. Financial instruments (continue
Page 65 and 66: 33. Share-based payments (continued
Page 67 and 68: 34. Key management personnel compen
Page 69 and 70: 35. Related party transactions (con
Page 71 and 72: 35. Related party transactions (con
Page 73 and 74:
35. Related party transactions (con
Page 75 and 76:
37. Subsequent events (continued) F
Page 77:
Twenty largest holders of quoted eq
Page 80:
Retail Food Group Limited ACN 106 8
show all

RFG Annual Report 2007 - Retail Food Group

Create successful ePaper yourself

Delete template?

Save as template?