FINANCIAL REPORT
Annual Report 200446
CONTENTS
Directors’ Statutory Report 47
Financial Report
Statements of Financial Performance 50
Statements of Financial Position 51
Statements of Cash Flows 52
Notes to the Financial Statements
1 Statement of Accounting Policies 53
2 Revenue from Ordinary Activities 56
3 Expenses from Ordinary Activities 56
4 Borrowing Costs 56
5 Profit from Ordinary Activities 57
6 Taxation 57
7 Receivables 58
8 Inventories 58
9 Other Assets 58
10 Exploration and Development Expenditure 58
11 Land and Buildings, Plant and Equipment 59 
12 Other Financial Assets 59
13 Intangibles 59
14 Payables 59
15 Interest-Bearing Liabilities 60
16 Provisions 61
17 Other Liabilities 61
18 Contributed Equity 62
19 Foreign Currency Translation Reserve 68
20 Retained Profits 68
21 Earnings per Share 69
22 Investments in Controlled Entities 70
23 Interests in Joint Ventures 72
24 Notes to Statements of Cash Flows 74
25 Related Parties 74
26 Specified Director and Specified Executive Disclosures 75
27 Remuneration of Auditors 80
28 Segment Information 80
29 Commitments for Expenditure 82
30 Superannuation Commitments 82
31 Contingent Liabilities 83
32 Additional Financial Instruments Disclosure 84
33 Economic Dependency 86
34 Post Balance Date Events 86
35 Australian Equivalents to International Reporting Standards 86
Directors Declaration 88
Independent Audit Report 89
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