Annual Report - Bega Cheese

Financial Statements
Financial Period Ended Statements 30 June 2010
Period Notes to Ended the Financial 30 June 2010 Statements
Notes to the Financial Statements
22. Remuneration of Auditors
Consolidated
Company
2010 2009 2010 2009
$'000 $'000 $'000 $'000
Audit services
PricewaterhouseCoopers Australian firm
Audit and review of financial report 265 255 176 169
Non-PricewaterhouseCoopers Australian firm
Audit and review of financial report 10 33 10 10
Non-audit services
PricewaterhouseCoopers Australian firm
Other services 20 53 20 53
23. Contingent Liabilities, Guarantees and Warranties
The Group provides warranties for products it supplies to customers in the ordinary course of business on reasonable
commercial terms. No material warranty claims have arisen since 30 June 2010 which result in the need to raise additional
liabilities of the Group as at 30 June 2010.
24. Commitments
Consolidated
Company
2010 2009 2010 2009
$'000 $'000 $'000 $'000
a. Capital commitments
Capital expenditure contracted for at the reporting date but not
recognised as liabilities is as follows:
Capital expenditure - payable within one year
Plant and equipment 9,035 1,511 6,849 1,258
b. Lease commitments - Group as lessee
Non-cancellable operating leases
Operating leases held by Bega Cheese relate to equipment with lease terms of up to five years and no option to extend.
Bega Cheese does not have an option to purchase the leased asset at the expiry of the lease period. The additional leases
included in the Group relate to motor vehicle operating leases. The motor vehicle leases typically run for a period of one to
five years with an option to renew the lease after this date.
Consolidated
Company
2010 2009 2010 2009
$'000 $'000 $'000 $'000
Plant and machinery
Within one year 596 754 554 640
Between one and five years 577 519 528 508
Land and buildings
Within one year - 39 - 39
1,173 1,312 1,082 1,187
Bega Cheese Limited 2010 Annual Report 43
Bega Cheese Limited 2010 Annual Report 43