AWB Limited - 2003 Annual Report

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executive profiles Andrew Lindberg Managing Director, 50, BComm, BSc, MBA, FAICD Joined AWB in 2000. Mr Lindberg is responsible for the management of AWB and is a director on the Boards of AWB Limited and AWB (International) Limited. Mr Lindberg has senior management experience in both the private and public sectors, at Federal and State levels. Prior positions have included senior management responsibilities in manufacturing, Federal industry policy development, insurance and leading key sector financial reforms. Sarah Scales General Manager AWBI, 37, BAgSc Joined AWB in 1992. Ms Scales is responsible for managing the AWB National Pool and the operation of the Single Desk system. Her recent positions within AWB include responsibility for pricing and risk management strategies and the execution of the commodity hedge book in New York. She has also worked in the Domestic Trading division, trading pulses and wheat. Before joining AWB, Ms Scales worked with Cargill Australia. Paul Ingleby Chief Financial Officer, 52, BA (Accounting), CA Joined AWB in 1998. Mr Ingleby is responsible for finance and administration, treasury, trade finance, risk management and compliance. Before joining AWB, he was the Chief Financial Officer of a major diversified, agriculturally focussed corporation. Mr Ingleby’s previous positions have also been in banking and merchant banking (where he was involved in the analysis, valuation and sale of businesses in Australia, New Zealand and Hong Kong), chartered accounting (corporate advisory and audit) and government (companies and securities regulation and corporate crime investigation). Jill Gillingham Group General Manager, Supply Chain, Technology and Business Processes, 53, BEc, MBA Joined AWB in 2000. Ms Gillingham is responsible for information systems and supply chain management and the grower service centre. She has a broad range of general management experience, having held executive positions and been responsible for major business operations in the general insurance, workers compensation and occupational health and safety sectors. Ms Gillingham has also been responsible for the development and implementation of large IT initiatives within the insurance industry. Before joining AWB, Ms Gillingham held the position of Group General Manager Operations at the Victorian WorkCover Authority for three years. Peter Geary Group General Manager, Trading and Commodities, 42, BBus, GradDip (Marketing) Joined AWB in 1985. Mr Geary is responsible for domestic and global trading, risk management products for growers and end users, grower services and chartering. His previous positions within AWB have included General Manager of National Wheat Pools, policy and export sales in Africa, Europe, Middle East and South America, as well as the management of AWB’s overseas offices in Europe and the United States. Before joining AWB, Mr Geary was employed with the Grain Elevators Board of Victoria (now Graincorp Limited) for a period of four years. Mr Geary has a family farming background in north east Victoria. 32 Andrew Lindberg Sarah Scales Paul Ingleby Jill Gillingham Peter Geary
Charles Stott Group General Manager, Rural Services, 44, Dip AppSc (Ag) Joined AWB in 2000. Mr Stott is responsible for Landmark Rural Services, which includes procurement, merchandise, fertiliser, agency business and grain technology. Prior to this Mr Stott was responsible for strategy and business development, investments, mergers and acquisitions. Previously, he was General Manager, International Sales and Marketing. Mr Stott has worked with BHP Petroleum, where his positions included Project Director and International Business Development Manager. Prior to BHP, he was with the Australian Wheat Board and held various roles including marketing manager for the Middle East, Europe and Africa. Mr Stott has extensive international experience in trade finance, risk management, business development and project management across a broad range of industries including grain, petroleum and minerals. Richard Fuller General Manager Executive and Company Secretary, 44, BA (Hons) PhD (Political Science) Joined AWB in 2000. Dr Fuller is responsible for the management of the Office of the Managing Director and is the Company Secretary. Before joining AWB, he held senior management roles in the insurance industry and positions as a lecturer with the University of Melbourne and RMIT. Marcus Kennedy Group General Manager, Financial Services, 44, BSc (Hons) (Applied Mathematics and Chemistry), MSc (Geophysics), MBA, MAICD, ASIA. Joined AWB in 2002. Mr. Kennedy is responsible for financial services, insurance and product development. He has extensive management experience in both retail and wholesale financial services, and across many management functions, including sales and customer management, strategy and product development. Previously he worked in a number of leadership roles with Westpac including wealth management, corporate banking and mortgage businesses. Prior to this, Mr Kennedy worked in Europe as a consultant, and in investment banking in Wardley Ltd (Hong Kong), Shanghai Banking Corporation and Westpac. He was also a Geophysicist and Financial Analyst with Exxon Corporation. Michael Thomas General Manager, Corporate, 36, BAgSc, GradDip AgEc, MEc, ASIA, GAICD Joined AWB in 1998. Mr Thomas is responsible for stakeholder relations (media, government, grower and investor relations), marketing, human resources and corporate services. Previously, he held the positions of General Manager, Stakeholder Relations and Head of Investor Relations. Before joining AWB, he was an executive at SA Farmers Federation. Prior to this, Mr Thomas was the Senior Economist at Primary Industries South Australia. He was also an economist with private and public consulting companies undertaking consultancies in Asia and the Pacific region. John Maher General Manager, Network Operations, 41, BAgSc (Hons), MBA Joined Landmark in July 1994. Mr Maher is responsible for the national network operations of Landmark. Prior to the acquisition of the Landmark rural services business by AWB in August 2003, Mr Maher was General Manager, Network Operations with Wesfarmers Landmark. Mr Maher has also been Regional Manager for Southern Region and General Manager – Livestock. Prior to joining Wesfarmers Landmark, Mr Maher was the International Livestock Marketing Manager for the Australian Meat and Livestock Corporation (AMLC). In that role, he had accountability for the development of the AMLC’s marketing strategy in Australia’s Asia Pacific, Middle East and North African livestock markets. Charles Stott Richard Fuller Marcus Kennedy Michael Thomas John Maher 33
Page 1 and 2: Annual Report 2003 imagine the futu
Page 3 and 4: During the past year, Australia has
Page 5 and 6: FINANCIAL PERFORMANCE SUMMARY Droug
Page 7 and 8: There are six key business streams
Page 9 and 10: chairman’s and managing director
Page 11 and 12: As a gesture of AWB's appreciation
Page 13 and 14: pool management services AWB Nation
Page 15 and 16: For the 2001/02 Pool, AWB managed a
Page 17 and 18: finance and risk management Harvest
Page 19 and 20: Through “ring fencing”, AWB was
Page 21 and 22: grain acquisition and trading Grain
Page 23 and 24: supply chain and other investments
Page 25 and 26: Children of AWB employees enjoying
Page 27 and 28: grain technology AWB Grain Technolo
Page 29 and 30: landmark Overview Landmark is Austr
Page 31 and 32: our people and systems People AWB e
Page 33: AWB has committed itself to a thoro
Page 37 and 38: the chairman, Mr Robert Barry and M
Page 39 and 40: Identification and Management of Si
Page 41 and 42: Birchip in Victoria and a former Vi
Page 43 and 44: Brendan Stewart Chairman, Non-execu
Page 45 and 46: international presence 43
Page 47 and 48: INNOVATION FOCUS TO DELIVER NEW OPP
Page 49 and 50: LIKELY DEVELOPMENTS AND EXPECTED RE
Page 51 and 52: DIRECTORS' MEETINGS (continued) Dir
Page 53 and 54: STATEMENT OF FINANCIAL POSITION AS
Page 55 and 56: NOTES TO AND FORMING PART OF THE FI
Page 57 and 58: (h) Derivatives (continued) transac
Page 59 and 60: 2. REVENUE FROM ORDINARY ACTIVITIES
Page 61 and 62: 4. TAXATION Consolidated AWB Limite
Page 63 and 64: 8. OTHER ASSETS Consolidated AWB Li
Page 65 and 66: 11. OTHER FINANCIAL ASSETS Consolid
Page 67 and 68: 13. PROPERTY, PLANT AND EQUIPMENT (
Page 69 and 70: 16. PROVISIONS Consolidated AWB Lim
Page 71 and 72: 20. OUTSIDE EQUITY INTERESTS Consol
Page 73 and 74: 24. REMUNERATION OF DIRECTORS Conso
Page 75 and 76: 27. RELATED PARTY DISCLOSURES (cont
Page 77 and 78: 28. SEGMENT INFORMATION (continued)
Page 79 and 80: 31. EMPLOYEE BENEFITS AND SUPERANNU
Page 81 and 82: 32. FINANCIAL INSTRUMENTS (continue
Page 83 and 84: 32. FINANCIAL INSTRUMENTS (continue
Page 85 and 86:
33. DEED OF CROSS GUARANTEE Pursuan
Page 87 and 88:
34. CONTROLLED ENTITIES (continued)
Page 89 and 90:
35. EARNINGS PER SHARE Consolidated
Page 91 and 92:
INDEPENDENT AUDIT REPORT TO MEMBERS
Page 93 and 94:
FINANCIAL CALENDAR - 2004 Annual Ge
Page 95 and 96:
AWB GROUP LOCATIONS ROYCE DESIGN AW
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AWB Limited - 2003 Annual Report

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