2001 Annual Report - OneSteel

More documents

Recommendations

Info

Statement of Financial PerformanceFOR THE PERIOD ENDED 30 JUNEConsolidated12 Months to 13 Months to30 June <strong>2001</strong> 30 June 2000Note $m $mSales revenue 2 2,564.6 893.5Cost of sales 2,075.0 758.2Gross profit 489.6 135.3Other revenues from ordinary activities 141.0 81.6Operating expenses excluding borrowing costs 546.7 149.2Restructuring costs 65.7 –Borrowing costs 44.1 19.2Profit/(loss) from ordinary activities before income tax (25.9) 48.5Income tax expense/(benefit) relating to ordinary activities (3.0) 12.2Net profit/(loss) from ordinary activities after related income tax (22.9) 36.3Net profit attributable to outside equity interests 5.9 0.3Net profit/(loss) attributable to members of the parent entity (28.8) 36.0Net exchange difference on translation of financial reportof self-sustaining foreign operations 3.2 2.0Total changes in equity other than those resulting fromtransactions with owners as owners (25.6) 38.0Basic earnings/(loss) per share (cents per share) 4 (8.84) 121.76Diluted earnings/(loss) per share (cents per share) 4 (8.76) 121.76The accompanying notes form an integral part of this Statement of Financial Performance.40
Statement of Cash FlowsFOR THE PERIOD ENDED 30 JUNEConsolidated12 Months to 13 Months to30 June <strong>2001</strong> 30 June 2000$m $mInflows/(outflows)Cash flows from operating activitiesReceipts from customers 2,609.2 910.3Payments to suppliers and employees (2,414.3) (787.0)GST Paid (59.2) –Dividends received 3.0 –Interest received 3.1 1.2Interest and other costs of finance paid (52.4) (17.8)Operating cash flows before income tax 89.4 106.7Income taxes paid (45.9) (5.6)Net operating cash flows 43.5 101.1Cash flows from investing activitiesPurchases of property, plant and equipment (37.9) (14.8)Purchases of investments (0.2) –Purchase of controlled entities net of their cash (121.6) (855.0)Purchases of businesses (519.7) –Proceeds from sale of property, plant and equipment 8.2 14.5Loan to non-related parties (285.8) –Repayment of loan by non-related parties 157.2 –Proceeds from sale of investments 111.1 46.5Proceeds from sale of controlled entities net of their cash 2.4 –Net investing cash flows (686.3) (808.8)Cash flows from financing activitiesProceeds from issue of shares 933.3 –Proceeds from borrowings 1,108.0 38.9Repayment of borrowings (377.2) –Repayment of loans from related party (1,725.5) –Proceeds from loans to related party 709.6 779.4Dividends paid (15.7) (90.4)Net financing cash flows 632.5 727.9Net increase (decrease) in cash and cash equivalents (10.3) 20.2Cash and cash equivalents at beginning of year 17.4 (2.8)Effect of exchange rates on cash and cash equivalents 0.2 –Cash and cash equivalents at end of year 7.3 17.4The accompanying notes form an integral part of this Statement of Cash Flows.41
Page 1 and 2: 2001 ANNUAL REVIEW
Page 3 and 4: CONTENTSOne Business 2Year One High
Page 5 and 6: ssVertically-Integrated OperationsO
Page 7 and 8: FINANCIAL HIGHLIGHTS - PRO-FORMA*Fi
Page 9 and 10: Inventories were managed down $106.
Page 11 and 12: Figure Two - OneSteel IntegrationWH
Page 13 and 14: Management StructureONESTEEL LIMITE
Page 15 and 16: Figure Ten - Other Manufacturing ($
Page 17 and 18: Map of OperationsCANADAYukonWhiteho
Page 19 and 20: Australian DistributionTHE BUSINESS
Page 21 and 22: OneSteel structural steel used for
Page 23 and 24: Human ResourcesSTANDING ALONEMuch o
Page 25 and 26: EnvironmentOneSteel Duragal product
Page 27 and 28: CommunityOneSteel recognises the im
Page 30 and 31: Corporate Governance (continued)Com
Page 32 and 33: Directors’ ReportDIRECTORSThe fol
Page 34 and 35: Directors’ Report (continued)Deta
Page 36 and 37: Discussion of Pro-forma ResultsPRO-
Page 38 and 39: Pro-forma Results12 months to 30 Ju
Page 40 and 41: Discussion and Analysis ofStatutory
Page 44 and 45: Notes to the Concise Financial Repo
Page 46 and 47: Notes to the Concise Financial Repo
Page 48 and 49: Directors’ DeclarationThe directo
Page 50 and 51: Shareholder Information (continued)
Page 53 and 54: 2001 FULL FINANCIAL REPORT
Page 55 and 56: Directors’ ReportDIRECTORSThe fol
Page 57 and 58: Directors’ Report (continued)Deta
Page 59 and 60: Statement of Financial PositionAT 3
Page 61 and 62: Statement of Cash FlowsFOR THE PERI
Page 63 and 64: Notes to the Financial StatementsNO
Page 87 and 88: Independent Audit ReportTo the Memb
Page 89 and 90: Shareholder Information (continued)
Page 91: Company DirectoryDIRECTORSPeter Sme

2001 Annual Report - OneSteel

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?