Financials

Income Sheet (For the year ended 30 June 2007)

By function 2007 2006
Sales Revenue 242,716,003 219,091,982
Cost of sales (196,782,839) (178,015,111)
Gross profit 45,933,164 41,076,871
Other revenue 290,467 3,461,729
Distribution and storage expenses (11,165,872) (11,280,754)
Administration expenses (15,249,051) (14,398,463)
Finance costs (2,129,291) (2,245,655)
Other expenses from ordinary activities (5,020,858) (3,477,848)
Profit before tax 12,658,559 13,135,880
Income tax expense (3,923,325) (3,909,892)
Profit attributable to members of the entity 8,735,234 9,225,988

Balance Sheet (As at 30 June 2007)

Current assets 2007 2006
Cash and cash equivalents 6,739,562 4,420,552
Trade and other receivables 40,691,902 35,732,251
Inventories 56,303,605 47,250,405
Other current assets 232,691 105,522
Total current assets 103,967,760 87,508,730
Non-current assets
Property, plant and equipment 30,786,298 31,250,321
Deferred tax assets 931,549 848,317
Total non-current assets 31,717,847 32,098,638
Total assets 135,685,607 119,607,368
Current liabilities
Trade and other payables 23,672,696 18,346,045
Short-term borrowings 19,228,083 16,975,839
Current tax liabilities 774,391 70,184
Provisions 2,573,572 2,193,647
Total current liabilities 46,248,742 37,585,715
Non-current liabilities
Long- term borrowings 13,084,504 12,840,542
Provisions 199,691 162,557
Total non-current liabilities 13,284,195 13,003,099
Total liabilities 59,532,937 50,588,814
Net assets 76,152,670 69,018,554
Equity
Issued capital 2,330,909 2,330,909
Reserves 5,707,581 5,707,581
Retained earnings 68,114,180 60,980,064
Total equity 76,152,670 69,018,554