Annual Report - AWB Limited

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Notes to and forming part of the financial statements for the year ended 30 September 2008 AWB LIMITEDTotal OperationsLandmarkFinancial Services Harvest Finance Rural Services Other/ corporateIntersegmenteliminations$’000 $’000 $’000 $’000 $’000 $’000213,859 81,724 1,530,047 39,038 - 4,672,090(1,839) 547 6,344 163,063 (189,409) -212,020 82,271 1,536,391 202,101 (189,409) 4,672,09027,000 5,510 45,303 (2,302) - 162,017(26) - 9,377 - - 11,23326,974 5,510 54,680 (2,302) - 173,250(1,260) - (8,956) (22,467) - (42,043)25,714 5,510 45,724 (24,769) - 131,207- - - (38,075) - (41,702)25,714 5,510 45,724 (62,844) - 89,505(37,005)52,500(24,945)(410)27,1452,530,983 176,832 429,018 1,822,358 (762,072) 5,397,07361,5935,458,6662,466,737 165,063 280,920 620,615 (383,038) 4,302,26244,4574,346,71917,13664,246 11,769 148,098 1,201,743 (379,034) 1,094,8111,111,947(26) - 93,048 - - 107,178- - - 2,956 - 16,161- - - 20,081 - 23,708Geographical segments Australia Switzerland OtherIntersegmenteliminations Consolidated$’000 $’000 $’000 $’000 $’000Segment revenue 2,773,671 1,654,167 350,277 (106,025) 4,672,090Segment assets 4,773,804 514,511 264,568 (94,217) 5,458,666Other segment informationAcquisition of non-current assets 4,841 51 11,269 - 16,161www.awb.com.au 97
AWB LIMITED Notes to and forming part of the financial statements for the year ended 30 September 2008ConsolidatedAWB Limited2008 2007 2008 2007$’000 $’000 $’000 $’00028. Expenditure Commitments(a) Capital expenditure commitmentsEstimated capital expenditure contracted for at balance datebut not provided for:- payable not later than one year 12,478 3,128 - -- payable later than one year but not later than five years - 4,495 - -12,478 7,623 - -(b) Lease expenditure commitmentsOperating leases (non-cancellable)- payable not later than one year 35,716 22,201 - -- payable later than one year but not later than five years 80,406 67,450 - -- payable later than five years 20,094 24,773 - -136,216 114,424 - -These lease commitments represent future minimum lease payments due for the head office, regional and overseas offices and motor vehiclesunder operating leases. The head office lease is for 12 years which commenced in the 2004 financial year. The remaining operating leases havean average lease term of three years. Lease payments comprise a base amount plus an incremental contingent rental. Contingent rentals arebased on the contract terms.29. Contingent LiabilitiesAWB Limited2008 2007$’000 $’000Litigation claimsSeveral claims for damages and costs were lodged against AWB Limited and itscontrolled entities which AWB Limited denied liability and defended the claims.The maximum damages/costs claimed but not otherwise recognised in the balancesheet were estimated to amount to: 587 1,364IndemnitiesThe parent entity had contingent liabilities at 30 September 2008 in respect of indemnities given by the AWB Limited to AWB (International)Limited against possible costs incurred by AWB (International) Limited arising in relation to proceedings under the Oil for Food Inquiry and anypossible tax assessments issued against AWB (International) Limited by the ATO. This indemnity may give rise to liabilities in the parent entity inthe event that AWB (International) Limited incurs an indemnified liability. Any possible liabilities cannot be quantified at the date of this report.98 www.awb.com.au
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6 www.awb.com.auFrom Peter Polson,C
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From Gordon Davis,Managing Director
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AWB todayOur client base extends to
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Landmark Rural ServicesRural Servic
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Financial Services (EBITDA)2004 44.
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Commodity ManagementCommodity Manag
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CorporateCredit ratingsAWB maintain
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People and communityPeopleThe busin
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22 www.awb.com.auManagement team
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24 www.awb.com.au
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Governance at AWBAWB’s Board and
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process was conducted within the co
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Information is regularly communicat
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Recommendation 9.3 - Clearly distin
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AWB Limited BoardPeter Polson Non-e
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36 www.awb.com.au
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AWB LIMITED Directors’ reportYour
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AWB LIMITED Directors’ reportDire
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AWB LIMITED Directors’ reportNon-
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AWB LIMITED Directors’ reportFixe
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Page 121 and 122: 120 www.awb.com.auAWB LIMITED Indep
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Page 125 and 126: AWB LIMITED Notes124 www.awb.com.au
Page 129: AWB Limited ABN 99 081 890 459380 L
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Annual Report - AWB Limited

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