2001 Annual Report - OneSteel

OneSteel LimitedABN 63 004 410 833Financial Statements at 30 June 2001Together with Directors’ and Independent Audit ReportsCONTENTSDirectors’ Report 1Statement of Financial Position 5Statement of Financial Performance 6Statement of Cash Flows 7Notes to the Financial Statements 8Note 1 Statement of Significant Accounting Policies 8Note 2 Profit and Loss Items 12Note 3 Income Tax Expense/(Benefit) 13Note 4 Earnings Per Share 13Note 5 Segment Information 13Note 6 Receivables (Current) 14Note 7 Other Financial Assets (Current) 14Note 8 Inventories (Current) 14Note 9 Other Assets (Current) 15Note 10 Other Financial Assets (Non-Current) 15Note 11 Inventories (Non-Current) 15Note 12 Property, Plant and Equipment 15Note 13 Intangibles (Non-Current) 16Note 14 Deferred Tax Assets (Non-Current) 16Note 15 Other Assets (Non-Current) 16Note 16 Payables (Current) 16Note 17 Interest Bearing Liabilities (Current) 16Note 18 Other Provisions (Current) 17Note 19 Interest Bearing Liabilities (Non-Current) 17Note 20 Deferred Tax Liabilities (Non-Current) 17Note 21 Other Provisions (Non-Current) 17Note 22 Contributed Equity 18Note 23 Reserves 19Note 24 Retained Profits and Dividends 19Note 25 Outside Equity Interests and Controlled Entities 19Note 26 Notes to the Statement of Cash Flows 20Note 27 Employee Entitlements 22Note 28 Capital Expenditure and Lease Commitments 23Note 29 Contingent Liabilities 23Note 30 Financing Arrangements 23Note 31 Controlled Entities 24Note 32 Remuneration of Officers 26Note 33 Remuneration of Auditors 27Note 34 Related Party Disclosures 27Note 35 Financial Instruments 28Directors’ Declaration 32Independent Audit Report 33Shareholder Information 34Statistical Summary 36Company DirectoryInside back cover