COMPUTERSHARE ANNUAL REPORT 2008

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Reconciliation of weighted average number of shares used as the denominator:2008NumberConsolidated2007NumberWeighted average number of ordinary shares used as the denominator incalculating basic earnings per share 562,627,768 598,195,249Adjustments for calculation of diluted earnings per share:Options (refer note 28 for options on issue) 5,479 -Equity related contingent consideration 3,401 3,204Performance rights 1 2,500,000 1,239,726Weighted average number of ordinary shares and potential ordinary sharesused as the denominator in calculating diluted earnings per share 565,136,648 599,438,1791Performance rights issued during 2005 were considered to be dilutive as at 30 June 2008. They were included as dilutive from 1 January 2007.Performance rights issued during 2006 were not dilutive as at 30 June 2008 and were therefore not included in the calculation of diluted EPS.ConsolidatedParent Entity2008 2007 2008 2007$000 $000 $000 $0008. RECEIVABLESCurrentTrade receivables 212,329 167,528 - -Trade receivables - intercompany - - 33,737 29,571Total trade receivables 212,329 167,528 33,737 29,571Less: Provision for doubtful debts (9,126) (5,992) - -Trade receivables, net 203,203 161,536 33,737 29,571Accrued revenue 43,862 39,828 - -Other non-trade amounts 23,509 14,541 177 89Interest receivable 9,083 9,809 - -279,657 225,714 33,914 29,660Non-CurrentNon-trade amounts owing - intercompany - - 249,626 65,694Foreign tax credits 2,854 6,430 (33) 4,207Other 5,228 2,442 - -8,082 8,872 249,593 69,901Bad and doubtful trade receivablesTrade receivables are considered impaired where there is objective evidence that the Group will not be able to collect all amountsdue according to the original trade and other receivable terms. Terms of trade in relation to credit sales are on a weighted averageof 30 days from the date of invoice. Factors considered when determining if impairment exists include aging and timing of expectedreceipts and the credit worthiness of counterparties. The Group operates in a number of diverse markets and accordingly the termsof trade and review process vary by country and business.The Group has recognised a loss of $1,022,056 (2007: $2,956,128) in respect of bad trade receivables during the year ended30 June 2008. There were no bad and doubtful trade receivables for the parent in 2008 or 2007. The loss has been included in thedirect and technology services expense lines in the income statement.As at 30 June, the analysis of trade receivables for the consolidated entity that were past due but not impaired is as follows:Past due but not impairedNeither pastdue nor impairedLess than30 days overdueMore than 30 daysbut less than90 days overdueMore than90 days overdue Total$000 $000 $000 $000 $0002008 98,662 69,949 28,693 5,899 203,2032007 110,145 31,545 17,851 1,995 161,536All other receivables (including amounts due from subsidiaries to the Parent entity) do not contain impaired assets and are notpast due.02-13Overview14-36Governance37-88Financials89-92Reports93-96Further InformationPAGE 53
Notes to the Financial StatementsConsolidatedParent Entity2008 2007 2008 2007$000 $000 $000 $0009. AVAILABLE FOR SALE FINANCIAL ASSETS AT FAIR VALUECurrentListed equity securities 1,430 1,294 - -Non-CurrentListed equity securities 5,518 4,618 37 2,511Unlisted equity securities 1,673 568 - -7,191 5,186 37 2,51110. OTHER FINANCIAL ASSETSCurrentBroker client deposits (a) (note 20) 29,044 25,768 - -Other client liabilities (note 20) 200 - - -Other 1,657 - - -30,901 25,768 - -(a) An overseas entity is a licensed deposit taker. As at year end this subsidiary has accepted deposits in its own name, and recorded these funds asother financial assets together with a corresponding liability. The deposits are insured through a local regulatory authority.ConsolidatedParent Entity2008 2007 2008 2007$000 $000 $000 $00011. INVENTORIESRaw materials and stores, at cost 4,846 4,331 - -Work in progress, at cost 6,907 4,205 - -11,753 8,536 - -12. OTHER CURRENT ASSETSCurrentPrepayments 19,697 17,183 1,099 233Other - 3,235 - -19,697 20,418 1,099 23313. FINANCIAL ASSETS HELD FOR TRADINGCurrentFinancial assets held for trading 29,107 - - -14. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHODNon-CurrentShares in associates (note 40) 9,341 15,197 - -Interest in joint venture partnerships (note 41) 1,737 904 1,737 90411,078 16,101 1,737 90415. UNLISTED INVESTMENTS AT COSTNon-CurrentUnlisted shares in subsidiaries - - 869,042 630,981Share based payments to subsidiaries - - 33,430 23,093- - 902,472 654,074PAGE 54 Computershare Annual Report 2008
Page 7 and 8: Management Discussion and AnalysisC
Page 9 and 10: North America Regional OverviewDesp
Page 12: 2008 HIGHLIGHTS> Acted for all majo
Page 16 and 17: As at the date of this Annual Repor
Page 18 and 19: 4. BOARD INDEPENDENCEThe Board has
Page 20 and 21: With limited exceptions, the Compan
Page 22 and 23: PricewaterhouseCoopers rotates audi
Page 24 and 25: DIVIDENDSThe following dividends of
Page 26 and 27: LIKELY DEVELOPMENTS AND FUTURE RESU
Page 28 and 29: No incentives, either short or long
Page 30 and 31: In the case of key management perso
Page 32 and 33: Key management personnel and most h
Page 34 and 35: Value of options included in key ma
Page 36 and 37: Details of the amounts paid to the
Page 38 and 39: Income Statements for the year ende
Page 40 and 41: Statements of Changes in Equity for
Page 42 and 43: Notes to the Financial Statements1.
Page 44 and 45: Impairment of assetsAll non-current
Page 46 and 47: Business combinationsThe purchase m
Page 48 and 49: HedgingThe Group documents at the i
Page 50 and 51: 2. REVENUE AND EXPENSES FROM CONTIN
Page 52 and 53: 5. INCOME TAXa) Income tax expenseC
Page 56 and 57: ConsolidatedLand atcost$00016. PROP
Page 58 and 59: ConsolidatedParent Entity2008 2007
Page 60 and 61: Impairment tests for goodwillGoodwi
Page 66 and 67: Nature and purpose of reservesi. Fo
Page 68 and 69: Defined Benefit Funds1) Karvy Compu
Page 70 and 71: Name of subsidiaryPlace of incorpor
Page 72 and 73: Name of subsidiaryPlace of incorpor
Page 74 and 75: The assets and liabilities arising
Page 76 and 77: Computershare Limited Closed Group
Page 78 and 79: 33. RELATED PARTY DISCLOSURESKey ma
Page 80 and 81: (a) Interest rate riskInterest rate
Page 82 and 83: The consolidated entity minimises c
Page 84 and 85: (c) OtherThe Group is subject to re
Page 86 and 87: SECONDARY BASIS - Business Segments
Page 88 and 89: 40. ASSOCIATED ENTITIESDetails of i
Page 90 and 91: Directors’ DeclarationIn the dire
Page 92 and 93: Independent Auditor’s Report02-13
Page 94 and 95: Shareholder InformationThis section
Page 96 and 97: Office Locations02-13Overview14-36G
Page 98: HEAD OfficeComputershare LimitedABN

COMPUTERSHARE ANNUAL REPORT 2008

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