BROADENING OUR HORIZONS - Arrium

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OneSteel Annual Report 2011Statement of Comprehensive IncomeFOR THE YEAR ENDED 30 JUNE62CONSOLIDATEDProfit after tax 237.5 260.7Other comprehensive incomeCash flow hedges:— net gains/(losses) taken to equity 3.3 (6.6)— transferred to profit (5.4) 12.3— transferred to initial carrying amount of hedged items 4.3 0.4Currency translation differences:— net investment hedges 16.6 5.3— exchange fluctuations on overseas net assets (94.4) (11.8)Other comprehensive expense, net of tax (75.6) (0.4)Total comprehensive income 161.9 260.3Total comprehensive income attributable to:Equity holders of the parent 158.1 256.8Non-controlling interests 3.8 3.52011$m2010$mThe accompanying notes form an integral part of the financial statements.
Balance SheetBalance SheetAS AT 30 JUNEASSETSNotesCONSOLIDATEDCurrent assetsCash and cash equivalents 24 153.7 83.4Receivables 7 925.0 829.3Derivative financial instruments 8 3.0 5.0Inventories 9 1,604.7 1,433.0Other financial assets 10 1.5 –Other current assets 15 19.7 13.6Total current assets 2,707.6 2,364.3Non-current assetsInvestments accounted for using the equity method 11 13.1 6.6Derivative financial instruments 8 41.6 16.8Other financial assets 10 — 2.5Other non-current assets 15 14.1 1.8Property, plant and equipment 12 2,579.3 2,302.3Mine development expenditure 13 207.3 172.2Other intangibles and goodwill 14 2,590.7 2,070.0Deferred tax assets 5 161.4 131.2Total non-current assets 5,607.5 4,703.4TOTAL ASSETS 8,315.1 7,067.7LIABILITIESCurrent liabilitiesPayables 16 1,007.3 863.1Derivative financial instruments 8 31.2 3.7Interest-bearing liabilities 17 72.6 331.9Current tax liabilities 27.8 11.1Provisions 18 292.2 278.8Total current liabilities 1,431.1 1,488.6Non-current liabilitiesDerivative financial instruments 8 72.3 51.4Interest-bearing liabilities 17 1,809.5 715.2Deferred tax liabilities 5 290.1 201.8Provisions 18 206.4 118.0Total non-current liabilities 2,378.3 1,086.4TOTAL LIABILITIES 3,809.4 2,575.0NET ASSETS 4,505.7 4,492.7EQUITYContributed equity 20 3,761.6 3,751.1Retained earnings 21 770.7 700.4Reserves 22 (86.5) (19.0)Parent interests 4,445.8 4,432.5Non-controlling interests 59.9 60.2TOTAL EQUITY 4,505.7 4,492.72011$m2010$m63The accompanying notes form an integral part of the financial statements.
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2About OneSteel6Chairman’s Review
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OneSteel Annual Report 20114,000200
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Managing Director’s ReviewCommitm
Page 13: Operational Overview1143%of onestee
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Page 23: Review of Operations$1,507 MILLIONR
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Page 31: Review of Operations$296 MILLIONNEW
Page 35 and 36: SustainabilityCustomersWe are commi
Page 37 and 38: SustainabilityCommunity investment
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Page 52 and 53: OneSteel Annual Report 2011REMUNERA
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Page 70 and 71: OneSteel Annual Report 2011681. Sum
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Page 104 and 105: OneSteel Annual Report 201124. note
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OneSteel Annual Report 201130. Key
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Notes to the Financial Statements(b
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Notes to the Financial StatementsCO
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Notes to the Financial Statements34
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Independent Auditor’s ReportIndep
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Shareholder InformationShare Regist
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Resources StatementResources Statem
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GlossaryThe CompanyThe GroupThe Mol
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www.onesteel.com
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