Annual Report - Bega Cheese

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Financial Statements Period Financial Ended Statements 30 June 2010 Notes Period to Ended the Financial 30 June Statements 2010 Notes to the Financial Statements 9. Non-Current Assets - Available for Sale Consolidated Company 2010 2009 2010 2009 $'000 $'000 $'000 $'000 At fair value: Unlisted equity securities - 160 - 112 Property plant and equipment 27 233 27 234 Total 27 393 27 346 Subsequent to 30 June 2009, the unlisted equity securities were sold for the value shown above. The property, plant and equipment is awaiting sale. 10. Non-Current Assets - Other Financial Assets Consolidated Company 2010 2009 2010 2009 $'000 $'000 $'000 $'000 Investment in subsidiary - Tatura Milk - - 37,200 37,200 Fair valued through profit and loss Listed equity securities 140 - - - Unlisted equity securities 59 13 48 48 199 13 37,248 37,248 The parent entity, Bega Cheese, purchased a 70% interest in Tatura Milk, a company incorporated in Australia on 23 April 2007. Details of the subsidiary are disclosed in note 27. In the current year, a $140,000 (2009: $Nil) temporary reversal in the fair value of available for sale assets was recognised in the consolidated entity in other comprehensive income. The consolidated entity’s exposure to credit, currency and interest rate risks related to investments is disclosed in Note 2. Bega Cheese Limited 2010 Annual Report 36 Bega Cheese Limited 2010 Annual Report 36
Financial Statements Financial Period Ended Statements 30 June 2010 Period Notes to Ended the Financial 30 June 2010 Statements Notes to the Financial Statements 11. Non-Current Assets - Property, Plant and Equipment Consolidated Company 2010 2009 2010 2009 $'000 $'000 $'000 $'000 Land and buildings At cost 79,973 79,088 51,470 50,454 Accumulated depreciation (18,921) (16,241) (13,034) (11,422) Total land and buildings 61,052 62,847 38,436 39,032 Plant and equipment At cost 292,680 282,936 153,149 144,835 Accumulated depreciation (173,088) (159,009) (69,967) (59,675) Total plant and equipment 119,592 123,927 83,182 85,160 Leased assets At cost 4,856 4,856 - - Accumulated depreciation (3,642) (2,948) - - Total leased assets 1,214 1,908 - - Construction in progress 11,938 5,557 6,501 2,776 Total property, plant and equipment 193,796 194,239 128,119 126,968 The movements in property, plant and equipment are: Consolidated Period ending 30 June 2010 Construction Land and Plant and Leased Total in progress buildings equipment assets $'000 $'000 $'000 $'000 $'000 Balance at the beginning of the period 5,557 62,847 123,926 1,908 194,239 Capital expenditure 20,741 - - - 20,741 Disposals - (236) (311) - (547) Depreciation - (2,680) (17,262) (694) (20,636) Transfers (14,360) 1,121 13,239 - - Balance at the end of the financial period 11,938 61,052 119,592 1,214 193,796 Period ending 30 June 2009 Balance at the beginning of the period 4,360 36,065 75,969 2,601 118,995 Acquisition through business combinations - 22,105 49,545 - 71,650 Capital expenditure 19,867 - - - 19,867 Disposals - (122) (95) - (217) Depreciation - (2,226) (13,137) (693) (16,056) Transfers (18,670) 7,025 11,645 - - Balance at the end of the financial period 5,557 62,847 123,927 1,908 194,239 Bega Cheese Limited 2010 Annual Report 37 Bega Cheese Limited 2010 Annual Report 37
Page 1 and 2: Bega Cheese Limited Trading as ‘B
Page 3 and 4: Review of Operations and Activities
Page 5 and 6: Directors’ Report (cont.) Period
Page 7 and 8: Auditors Independence Declaration P
Page 9 and 10: Independent Auditor’s Report (con
Page 11 and 12: Index to to Financial Statements In
Page 13 and 14: Financial Statements Period Ended 3
Page 15 and 16: Financial Statements Period Ended 3
Page 17 and 18: Notes Notes Financial Statements Pe
Page 19 and 20: Financial Statements Financial Peri
Page 35: Financial Statements Financial Peri

Annual Report - Bega Cheese

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