Astral Foods Annual Report 2008

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FINANCIAL HIGHLIGHTS✦ OPERATING PROFIT DECREASED 32%✦ EARNINGS PER SHARE DECREASED 38%✦DIVIDEND PER SHARE UNCHANGED✦ CASH FROM OPERATING ACTIVITIES INCREASED 43%REVENUE INCREASED BY 29%FROM R6 329 MILLION TOR8 184 MILLIONRevenueRm10 0008 0006 0004 0002 00000102030405060708OPERATING PROFIT DECREASEDBY 32% FROM R808 MILLIONTO R548 MILLIONOperating profitRm10008006004004Astral Foods Annual Report 200820000102030405060708
GREAT EMPHASIS IS PLACED ON CASH FLOW.DESPITE LOWER PROFITS AND HIGH CAPITAL EXPENDITURETHE NET DEBT TO EQUITY RATIO WAS 14%.Headline earnings per sharecentsCash generated fromoperating activitiesRmEARNINGS PERSHARE DECREASEDBY 38% TO858 CENTS1500120090060030075000102030405060708600CASH FROM450OPERATING ACTIVITIES AT300150R639 MILLIONDividends per sharecents80000102030405060708700600500DIVIDEND PER SHAREUNCHANGED AT700 CENTS40030020010000102030405060708Astral Foods Annual Report 20085
Page 1 and 2: Astral FoodsAnnual Report 2008
Page 3 and 4: PROFILEAstral Foods is a leading So
Page 5: POULTRYBROILER GENETICSRoss Poultry
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 and 40: SHARE INCENTIVE SCHEME INTERESTSSha
Page 41 and 42: SEGMENT REPORT - GROUPfor the year
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 69 and 70:
GROUPCOMPANY2008 2007 2008 2007R’
Page 71 and 72:
GROUPCOMPANY2008 2007 2008 2007R’
Page 73 and 74:
GROUPCOMPANY2008 2007 2008 2007R’
Page 75 and 76:
GROUPCOMPANY2008 2007 2008 2007R’
Page 77 and 78:
GROUPCOMPANY2008 2007 2008 2007R’
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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