Balance sheets
As at 30 June 2007
Consolidated Parent entity
Note 2007 2006 2007 2006
$’000 $’000 $’000 $’000
ASSETS
Current assets
Cash and cash equivalents 7 23,361 16,969 48 708
Trade and other receivables 8 54,384 55,451 — —
Inventories 9 80,634 83,932 — —
Derivative financial instruments 10 3 — — —
Current tax assets 908 2,851 — 2,830
Total current assets 159,290 159,203 48 3,538
Non-current assets
Receivables 11 — — 218,047 224,802
Other financial assets 12 — — 31,094 26,094
Property, plant and equipment 13 92,827 93,600 — —
Deferred tax assets 14 10,936 11,635 11 124
Intangible assets 15 20,278 19,883 — —
Retirement benefit asset 16 3,023 1,131 — —
Other 4 5 — —
Total non-current assets 127,068 126,254 249,152 251,020
Total assets 286,358 285,457 249,200 254,558
LIABILITIES
Current liabilities
Trade and other payables 17 53,125 54,538 3 15,299
Borrowings 18 — 42,166 — —
Provisions 19 11,561 13,482 — —
Current tax liabilities 2,255 439 2,255 —
Other 33 — — —
Total current liabilities 66,974 110,625 2,258 15,299
Non-current liabilities
Trade and other payables 20 — — 39,412 —
Borrowings 21 71,368 1,469 — —
Deferred tax liabilities 22 8,286 6,687 — —
Provisions 23 9,208 8,633 — —
Other 60 100 — —
Total non-current liabilities 88,922 16,889 39,412 —
Total liabilities 155,896 127,514 41,670 15,299
Net assets 130,462 157,943 207,530 239,259
EQUITY
Contributed equity 24 148,040 150,311 148,040 150,311
Reserves 25(a) (1,424) (2,234) 347 208
Retained profits 25(b) (16,154) 9,866 59,143 88,740
Total equity 130,462 157,943 207,530 239,259
The above balance sheets should be read in conjunction with the accompanying notes.
Statements of recognised income and expense
For the year ended 30 June 2007
Consolidated Parent entity
Note 2007
$’000
2006
$’000
2007
$’000
2006
$’000
Profit for the year 16,588 4,084 13,967 81,898
Income and expense items taken directly to equity
Adjustment on adoption of AASB 132 and AASB 139
Actuarial gain on defined benefit plan
—
1,366
746
2,505
—
—
—
—
Income tax on items taken directly to equity
1,366
(410)
3,251
(979)
—
—
—
—
Exchange differences on translation of foreign operations
956
668
2,272
(2,418)
—
—
—
—
Net Income recognised directly in equity 1,624 (146) — —
Total recognised income and expense for the year 18,212 3,938 13,967 81,898
The above statement of recognised income and expense shows items that were
recognised directly in equity rather than included in profit
or loss for the period
The above statements of recognised income and expense should be read in conjunction with the accompanying notes.
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