Annual Report - AWB Limited

Notes to and forming part of the financial statements for the year ended 30 September 2008 AWB LIMITEDConsolidatedAWB Limited2008 2007 2008 2007$’000 $’000 $’000 $’0006. InventoriesFinished goods at fair value 343,741 208,833 - -Finished goods at cost 219,047 150,564 - -Provision for diminution in value (3,991) (4,496) - -558,797 354,901 - -Inventories recognised as an expense for the year ended 30 September 2008 totalled $5,305,032 thousand (2007: $3,200,320 thousand).Inventory write downs recognised as an expense totalled $1,881 thousand (2007: $1,335 thousand) for the Group. These expenses areincluded in the cost of sales line item as a cost of inventories.7. InvestmentsControlled entities - - 133,349 101,836Investments in associates - - 11,569 11,569- - 144,918 113,4058. Available For Sale Financial AssetsListed securities 4,395 13,689 2,197 6,844Unlisted securities 1,291 1,297 318 3185,686 14,986 2,515 7,162Memberships 1,627 3,324 626 1,6627,313 18,310 3,141 8,824Fair value of listed securities and memberships is determined by reference to quoted market bid prices at the close of business on balance date.Memberships are held in the Chicago Mercantile Exchange and Kansas City Board of Trade.9. Other AssetsPrepayments 136,367 72,404 - 9Other assets 10,405 10,070 - -146,772 82,474 - 9Prepayments consist of interest paid in advance and prepaid purchases.www.awb.com.au 73