Auditor's Independence Declaration
Income statements
For the year ended 30 June 2007
Consolidated Parent entity
Note 2007 2006 2007 2006
$’000 $’000 $’000 $’000
Revenue from continuing operations
Sales revenue 3(a) 426,827 425,295 — —
Other revenue 3(a) 692 893 17,498 84,537
Revenue from continuing operations 427,519 426,188 17,498 84,537
Other income 3(a) 1,093 11 1,078 —
Changes in inventories of finished goods
and work in progress (3,806) 7,557 — —
Raw materials and consumables used (170,879) (184,423) — —
Employee benefits expense (115,878) (118,891) (76) (30)
Depreciation and amortisation expense 4 (9,112) (8,345) — —
Finance costs 4 (6,701) (4,186) (305) —
Other expenses 3(b) (99,297) (113,265) (137) (414)
Profit before income tax 22,939 4,646 18,058 84,093
Income tax expense 5 (7,640) (366) (4,091) (2,195)
Profit after tax from continuing operations 15,299 4,280 13,967 81,898
Discontinued operations
Profit/(loss) after tax from discontinued operations 6 1,289 (196) — —
Profit for the year 16,588 4,084 13,967 81,898
Profit attributable to members of Wattyl Limited 16,588 4,084 13,967 81,898
Cents Cents
Earnings per share for profit from continuing operations
attributable to the ordinary equity holders of the company
Basic earnings per share 40 18.0¢ 5.1¢
Diluted earnings per share 40 18.0¢ 5.1¢
Earnings per share for profit attributable to the ordinary
equity holders of the company
Basic earnings per share 40 19.6¢ 4.8¢
Diluted earnings per share 40 19.6¢ 4.8¢
The above income statements should be read in conjunction with the accompanying notes.
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