Annual Report - AWB Limited

AWB LIMITED Directors’ reportGroup PerformanceOur remuneration policy links the remuneration of executives and the wider employee population with short term and long term performance.The Nomination & Remuneration Committee approves the overall share of profit distributed to employees based on the Group’s performance.The total return to an investor over a given period consisted of the combination of dividends paid and the movement in market value of theirshares over that period.The closing share price on the ASX of AWB Limited securities on 30 September 2008 was $2.78. AWB Limited’s highest and lowest share pricesin the year ended 30 September 2008 were $3.92 (8 May 2008) and $2.02 (1 February 2008) respectively.In addition to TSR, company performance is also reflected in the movement in the company’s earnings per share. Table 17 shows AWB Limited’sbasic Earnings Per Share (EPS) history for the past five years.Table 17 - AWB Limited’s Basic EPS history for past five yearsYear ended30 September 2008Year ended30 September 2007Year ended30 September 2006Year ended30 September 2005Year ended30 September 2004Share price ($) 2.78 2.46 3.27 5.11 4.53Total dividends paid per share(cents) 8.0 8.0 20.0 29.0 25.0Basic earnings per share(cents) 18.5 7.8 16.8 53.5 28.8EPS for 2004 are based on figures prepared under previously recognised Australian Accounting Standards (AGAAP).Earnings performanceEarnings performance over the last five years is represented by profit attributable to AWB Limited shareholders and is detailed in Table 18.Table 18 - AWB Limited’s earnings performance over the last five yearsProfit attributable to membersof the AWB GroupFinancial Year$’0002008 64,2862007 27,1452006 58,1402005 157,1212004 96,862Profit attributable to members of the AWB Group for 2004 is based on figures prepared under previously recognised Australian AccountingStandards (AGAAP).54 www.awb.com.au