AWB Limited - 2004 Annual Report

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NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2004 32. DEED OF CROSS GUARANTEE (continued) Consolidated 2004 2003 $'000 $'000 Non–current liabilities Interest bearing liabilities 1,131 – Provisions 2,738 1,721 Deferred tax liabilities 8,810 6,329 Total non–current liabilities 12,679 8,050 Total liabilities 1,381,464 1,059,917 Net assets 996,508 926,050 Equity Contributed equity 953,403 848,958 Reserves 6,362 6,877 Retained profits 36,743 70,215 Total equity 996,508 926,050 33. CONTROLLED ENTITIES Percentage of equity interest held by the consolidated entity 2004 2003 (a) Particulars in relation to controlled entities % % Name Country of incorporation Parent AWB Limited Australia Controlled entities ACN 005 144 445 Pty Limited Australia 100 100 ACN 053 109 069 (formerly Farmland Pty Limited) Australia 100 100 ACN 089 443 407 Pty Limited Australia 100 100 Agrifood Technology Pty Limited Australia 100 100 Aussigold Produce Pty Limited Australia 100 100 Australian Seed Inoculants Pty Limited Australia 100 100 Australian Wheat Board Pty Limited Australia 100 100 AWB (Australia) Limited Australia 100 100 AWB (Geneva) SA Switzerland 100 100 AWB (International) Limited Australia 100 100 AWB (USA) Limited USA 100 100 AWB Asia Limited Hong Kong 100 100 AWB Commercial Funding Limited Australia 100 100 AWB Custodians Pty Limited Australia 100 100 AWB Finance Limited Australia 100 100 AWB GrainFlow Pty Limited Australia 100 100 AWB Harvest Finance Limited Australia 100 100 AWB Investments Limited Australia 100 100 AWB Japan Pty Limited Australia 100 100 AWB MPT Pty Limited Australia 100 100 AWB Plant Breeding Pty Limited Australia 100 100 AWB Research Pty Limited Australia 100 100 AWB RiskAssist Limited Australia 100 100 AWB Services Limited Australia 100 100 AWB–Zen–noh Limited Japan 51 51 Barrobook Pty Limited Australia 100 100 Big N Distributors Pty Limited Australia 100 100 Bushridge Pty Limited Australia 100 100 Ceres Risk & Insurance Solutions Pty Limited New Zealand 100 – Dairy Rural Pty Limited Australia 100 100 Farmland Pty Limited (formerly Berriwillock Nominees Pty Limited) Australia 100 100 Frank Sauer and Sons Pty Limited Australia 100 100 98
33. CONTROLLED ENTITIES (continued) (a) Particulars in relation to controlled entities (continued) Name Controlled entities Franklin Smith IAMA Pty Limited Glencoe Distributors Pty Limited Goldref Pty Limited IAMA (Qld) Pty Limited IAMA (SA) Pty Limited IAMA Agribusiness Pty Limited IAMA Insurance Brokers Holdings Pty Limited IAMA Insurance Brokers Pty Limited IAMA Irritech Pty Limited IAMA Superannuation Fund Pty Limited ISP Nominees Pty Limited J O'Malley & Co Pty Limited Johnstone River Transport Pty Limited Kerin Lange Rural Pty Limited Landmark (Qld) Limited Landmark Holdings (Vic) Pty Limited Landmark Operations Limited Landmark Realty (Qld) Pty Limited Landmark Realty (Tas) Pty Limited (formerly Rangal Holdings Pty Limited) Landmark Realty (WA) Pty Limited Landmark Risk Management Pty Limited Landmark Rural Holdings Limited Landmark Tenderland Pty Limited Landmark Wool Pty Limited Langes Agribusiness Pty Limited Laxstone Pty Limited Lenmost Pty Limited Macquarie Valley Distributors Pty Limited Mallee Chemicals Pty Limited North Central Nominees Pty Limited O'Malley Distribution Group Pty Limited Presoval Pty Limited RVL Distribution Pty Limited Riverland IAMA Pty Limited SBS IAMA Real Estate Pty Limited Seed & Grain Sales Pty Limited Seedtech Pty Limited Vivco Rural Supplies Pty Limited Wimmal Distributors Pty Limited Percentage of equity interest held by the consolidated entity 2004 2003 % % Country of incorporation Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 50 50 Australia 100 100 Australia 100 – Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 100 100 Australia 56 56 Australia 100 100 Australia 100 100 99
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Annual Report 2004
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Who We Are AWB Limited (AWB) is Aus
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Finance AWB harvest finance book pe
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Five Year Summary 2004 2003 2002 20
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Chairman’s and Managing Director
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To continue building its capability
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Pool Management Services Highlights
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AWB National Pool participants. AWB
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Landmark Highlights Integrated Land
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the integration, Landmark has reloc
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Finance and Risk Management Highlig
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Finance Limited, a wholly owned, ba
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Grain Acquisition and Trading Highl
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through the AWB Geneva office, both
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Supply Chain & Other Investments Hi
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The Five Star Feed Mill, located on
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Our People AWB employs over 2,700 p
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More than 70% of AWB’s employees
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Our Social Commitment Together with
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Social service providers While not
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7. Richard Fuller General Manager,
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Independence All of the current 11
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Services Agreement Committee The Se
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its observance provides the foundat
Page 49 and 50: Promotion Committee and Founding Ch
Page 51 and 52: 1. Brendan Stewart Chairman, Non-ex
Page 54 and 55: DIRECTORS' REPORT Your directors su
Page 56 and 57: DIRECTORS' REPORT (continued) REMUN
Page 58 and 59: DIRECTORS' REPORT (continued) DIREC
Page 60 and 61: DIRECTORS' REPORT (continued) DIREC
Page 62 and 63: STATEMENT OF FINANCIAL PERFORMANCE
Page 64 and 65: STATEMENT OF CASH FLOWS FOR THE YEA
Page 66 and 67: NOTES TO AND FORMING PART OF THE FI
Page 106 and 107: INDEPENDENT AUDIT REPORT TO THE MEM
Page 108 and 109: SHAREHOLDER COMMUNICATION FINANCIAL
Page 110 and 111: GLOSSARY AWB Basis Pool AWB Basis P
Page 112: Head Office 380 La Trobe Street Mel
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AWB Limited - 2004 Annual Report

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