RFG Annual Report 2007 - Retail Food Group

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06/07 Annual Report 48 17. Borrowings Retail Food Group Annual Report 2007 $’000 Consolidated 2006 $’000 2007 $’000 Company Secured—at amortised cost Current Bank loans (i), (ii) 1,900 1,900 1,900 1,900 Finance lease liabilities (iii) (note 27) 337 – – – Non-current Bank loans (ii) 23,088 15,675 23,088 15,675 Finance lease liabilities (iii) (note 27) 1,284 – – – 26,609 17,575 24,988 17,575 Disclosed in the fi nancial statements as: Current borrowings 2,237 1,900 1,900 1,900 Non-current borrowings 24,372 15,675 23,088 15,675 26,609 17,575 24,988 17,575 2006 $’000 (i) (ii) (iii) Relates to the current portion of long-term borrowings. Secured by a mortgage over the Group’s freehold land and buildings. The borrowings are variable interest rate debt with repayment periods not exceeding 5 years. The current weighted average effective interest rate on the bank loans is 8.20%p.a. (2006: 8.18%p.a.). Secured by the assets leased. 18. Provisions 2007 $’000 Consolidated 2006 $’000 2007 $’000 Company 2006 $’000 Current Employee benefi ts 407 206 – – Non-current Employee benefi ts 118 – – – 525 206 – –
19. Other liabilities 49 2007 $’000 Consolidated 2006 $’000 2007 $’000 Company Current Retention bonds and deposits 668 233 – – Amount payable for offer acceptances—listed company investment 10,888 – 10,888 – 11,556 233 10,888 – 20. Issued capital 2006 $’000 Retail Food Group Annual Report 2007 $’000 Consolidated 2006 $’000 2007 $’000 Company 2006 $’000 72,672,224 fully paid ordinary shares (2006: 71,691,259) (i) (ii) 32,301 31,014 32,301 31,014 (i) Changes to the then Corporations Law abolished the authorised capital and par value concept in relation to share capital from 1 July 1998. Therefore, the company does not have a limited amount of authorised capital and issued shares do not have a par value. (ii) The increase in ordinary shares on issue was a result of the Group’s Dividend Reinvestment Plan (‘DRP’) resolved on 12 April 2007. 2007 2006 No. ’000 $’000 No. ’000 $’000 Fully paid ordinary shares Balance at beginning of fi nancial year 71,691 31,014 1,499 30,237 Conversion of ‘A’ class shares into ordinary shares – – 150 1 Share split (1,649,351 into 63,309,016 shares) – – 67,660 – New shares issued 981 1,297 2,382 2,335 Share issue costs – (15) – (2,227) Tax effect of share issue costs – 5 – 668 Balance at end of fi nancial year 72,672 32,301 71,691 31,014 ‘A’ class shares Balance at beginning of fi nancial year – – 150 1 Conversion into ordinary shares – – (150) (1) Balance at end of fi nancial year – – – – Fully paid ordinary shares carry the one vote per share and carry the right to dividends.
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 and 22: The following table discloses the r
Page 23 and 24: Deloitte Touche Tohmatsu A.C.N. 74
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: 14. Other intangible assets (contin
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 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

RFG Annual Report 2007 - Retail Food Group

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