CORPORATE
	Redemption of A-Class shares
	Drought Plan cost reduction
	of $7.5m
	Ukraine joint venture
	United Feed Company supply
	agreement
	Restructure of executive team
	Establishment of new single
	system of information
	management

	NATIONAL SUPPLY CHAIN
	Costs reduced by $21m
	Earnings improvement on
	comparable low receival
	years – reduction of break
	even tonnage to below
	1.8m tonnes
	Non-grain commodity
	handling of 2.5m tonnes

	GRAIN MARKETING
	Further diversification
	and expansion
	1m tonnes of third
	origin grain traded
	Successful freight trading

	MALT
	Record profits in malt business
	First full year of expanded
	Perth plant production
	Higher prices and margins
	Manufacturing cost
	efficiency raised 12%

	RURAL SERVICES
	Establishment of new wool
	export and agricultural
	chemical divisions
	Continued fertiliser expansion
	Adelaide Wool Company and
	Wardle Co acquisitions
	Emerging livestock,
	insurance and financial
	services businesses