Astral Foods Annual Report 2008

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DIRECTORS’ REMUNERATION REPORT (continued)for the year ended 30 September 2008ISSUED SHARE CAPITAL INTERESTDirectly held Indirectly heldnumber of shares number of shares2008 2007 2008 2007Beneficial interestsNon-executive directorsM Macdonald – – 60 000 60 000CG van Veyeren 4 860 4 860 – –JL van den Berg – – – 146 219Executive directorsNC Wentzel 75 833 75 833 15 000 15 000MA Kingston 17 500 17 500 – –CE Schutte 16 100 15 100 – –114 293 113 293 75 000 221 219Astral Foods Annual Report 200838
SEGMENT REPORT – GROUPfor the year ended 30 September 20082008 2007 2008 2007R'000 R'000 R'000 R'000RevenueOperating profitAnimal Nutrition 5 138 064 3 530 610 384 922 332 707– South Africa 4 825 052 3 347 738 339 052 294 752– Other Africa 313 012 182 872 45 870 37 955– Intergroup (1 774 073) (1 324 106)Poultry– South Africa and Swaziland 5 099 284 4 382 651 162 864 475 531– Intergroup (279 070) (259 844)8 184 205 6 329 311 547 786 808 238Net finance expense (49 401) (1 591)Profit before income tax 498 385 806 647Income tax expense (164 159) (261 089)Profit for the year 334 226 545 558AssetsLiabilitiesAnimal Nutrition 1 172 300 923 615 596 545 686 724– South Africa 1 010 086 826 690 519 444 640 684– Other Africa 162 214 96 925 77 101 46 040Poultry– South Africa and Swaziland 2 235 666 2 097 183 1 483 271 1 026 561Set-off of intergroup balances (250 752) (154 090) (250 752) (154 090)3 157 214 2 866 708 1 829 064 1 559 195Capital expenditureDepreciation, amortisationand impairmentAnimal Nutrition 64 847 30 292 24 415 28 236– South Africa 40 904 26 055 20 618 25 965– Other Africa 23 943 4 237 3 797 2 271Poultry– South Africa and Swaziland 209 834 291 457 65 208 78 057274 681 321 749 89 623 106 293Astral Foods Annual Report 200839
Page 1 and 2: Astral FoodsAnnual Report 2008
Page 3 and 4: PROFILEAstral Foods is a leading So
Page 5 and 6: POULTRYBROILER GENETICSRoss Poultry
Page 7 and 8: GREAT EMPHASIS IS PLACED ON CASH FL
Page 9 and 10: DIRECTORATEINDEPENDENT NON-EXECUTIV
Page 11 and 12: EXECUTIVE DIRECTORSNICOLAAS CORNELI
Page 13 and 14: Construction was started on a breed
Page 15 and 16: The South African animal feed marke
Page 17 and 18: CORPORATE GOVERNANCEOur approach to
Page 19 and 20: Board:2007 2008Director 8/11 24/1
Page 21 and 22: To further enhance the effectivenes
Page 23 and 24: INTERNAL AUDITWe have established a
Page 25 and 26: with Meadow Feeds Paarl, Meadow Fee
Page 27 and 28: VALUE-ADDED STATEMENTfor the year e
Page 29 and 30: DEFINITIONSOperating profit marginO
Page 31 and 32: APPROVAL OF ANNUAL FINANCIAL STATEM
Page 33 and 34: INDEPENDENT AUDITOR’S REPORTWe ha
Page 35 and 36: 4. BUSINESS REVIEW (continued)The f
Page 37 and 38: 9. DIRECTORS (continued)Subsequent
Page 39: SHARE INCENTIVE SCHEME INTERESTSSha
Page 43 and 44: 2. NEW STANDARDS AND INTERPRETATION
Page 45 and 46: 3. INTEREST IN GROUP ENTITIES (cont
Page 47 and 48: 6. PROPERTY, PLANT AND EQUIPMENT (c
Page 49 and 50: 12. FINANCIAL ASSETS (continued)Loa
Page 51 and 52: 21. DERIVATIVE FINANCIAL INSTRUMENT
Page 53 and 54: 22. EMPLOYEE BENEFITS (continued)Sh
Page 55 and 56: 26. CRITICAL ACCOUNTING ESTIMATES A
Page 57 and 58: INCOME STATEMENTfor the year ended
Page 59 and 60: CASH FLOW STATEMENTfor the year end
Page 61 and 62: NOTES TO THE ANNUAL FINANCIAL STATE
Page 63 and 64: 6. BIOLOGICAL ASSETSEgg Breeding Br
Page 65 and 66: GROUPCOMPANY2008 2007 2008 2007R’
Page 67 and 68: 11. SHARE-BASED PAYMENTS (continued
Page 79 and 80: 28. FINANCIAL INSTRUMENTS (continue
Page 81 and 82: Group2008 2007R'000 R'00029. RELATE
Page 83 and 84: 31. INTEREST IN SUBSIDIARY COMPANIE
Page 85 and 86: ANALYSIS OF ORDINARY SHAREHOLDERSat
Page 87 and 88: AMENDMENT OF ARTICLES OF ASSOCIATIO
Page 89 and 90: SHAREHOLDERS’ DIARYFinancial year
Page 91 and 92:
FORM OF PROXYASTRAL FOODS LIMITED(I
Page 93 and 94:
Astral Foods Annual Report 2008
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Astral Foods Annual Report 2008

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