Annual Report - AWB Limited

AWB LIMITED Notes to and forming part of the financial statements for the year ended 30 September 2008ConsolidatedAWB Limited2008 2007 2008 2007$’000 $’000 $’000 $’0002. Revenues and Expenses (continued)(d) Other incomeFees and commissions incomeRelated party (AWB National Pools) 46,028 47,068 - -Net foreign exchange gain/(loss) (18,921) 1,735 1,293 (3,154)Underwriting fees 4,073 5,863 - -DividendsOther persons/corporations 275 793 190 424Related party - - 1,254 1,004Wholly-owned group - - 45,009 55,843275 793 46,453 57,271Profit/(loss) on sale of non-current assetsProperty, plant and equipment 2,528 (270) - (137)Joint venture - 1,750 - -Available for sale financial assets 6,561 1,415 3,592 1,4159,089 2,895 3,592 1,278Rental income 1,028 986 - -Fair value gain/(loss) on fixed rate loans (11,199) 4,157 - -Fair value gain/(loss) on derivative instruments measured at fair valuethrough profit or loss (16,938) 9,278 - -Other 26,560 11,479 3,005 1,008Total other income 39,995 84,254 54,343 56,403(e) Other expensesAmortisation 19,044 21,955 48 40Depreciation 18,426 20,088 - -Total amortisation and depreciation expenses 37,470 42,043 48 40Write down of assets/investments to recoverable amount 1,000 9,208 - 5,581Communication and information technology costs 43,111 35,738 - -Commission and sales related costs 10,519 7,056 - -Legal, professional and consultancy costs 58,690 21,235 - -Travel costs 13,720 13,544 31 53Motor vehicle costs 10,328 9,863 - -Advertising and promotion costs 9,085 4,662 - -Equipment and supplies costs 3,835 3,132 - -Operating lease rental expense 43,533 42,731 - -Employee benefits expenses 222,028 215,611 2,782 3,746Superannuation expenses 15,036 14,495 408 537Share-based payment and employee share issue expenses 3,390 3,657 1,727 2,438Service agreement fees - - 65,445 76,114471,745 422,975 70,441 88,50968 www.awb.com.au