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&lt;br /&gt; AWB LIMITED ABN 99 081 890 459 CONSOLIDATED fINANCIAL rEpOrT fOr ThE yEAr ENDED 30 SEpTEmbEr 2009&lt;br /&gt; &amp;*' J&lt;br /&gt; AWB&lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; AWB LIMITED ABN 99 081890 459 CONSOLIDATED FINANCIAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2009&lt;br /&gt; &lt;br /&gt; contents&lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; &lt;br /&gt; 01 Corporate Governance&lt;br /&gt; 06 Directors&rsquo; Report&lt;br /&gt; 25 Auditor&rsquo;s Independence Declaration&lt;br /&gt; 26 Income Statements&lt;br /&gt; 27 Balance Sheets&lt;br /&gt; 28 Statements of Cash Flows&lt;br /&gt; 29 Statements of Changes in Equity&lt;br /&gt; 31 Notes to and Forming Part&lt;br /&gt; of the Financial Statements&lt;br /&gt; 1. Summary of Significant Accounting Policies&lt;br /&gt; 2. Revenues and Expenses&lt;br /&gt; 3. Income Tax Expense&lt;br /&gt; 4. Discontinued Operat<a title="14346 AWB Financial Report PFO5_HR.pdf page 1" href="http://viewer.zmags.com/publication/021da2ad?page=1">AWB LIMITED ABN 99 081 890 459 CONSOLIDATED fINAN</a> AWB LIMITED ABN 99 081 890 459 CONSOLIDATED fINAN<a title="14346 AWB Financial Report PFO5_HR.pdf page 2" href="http://viewer.zmags.com/publication/021da2ad?page=2">contents01 Corporate Governance06 Direc</a> contents01 Corporate Governance06 Direc<a title="14346 AWB Financial Report PFO5_HR.pdf page 3" href="http://viewer.zmags.com/publication/021da2ad?page=3">corporate GovernanceGovernance at AWBAWB&rsquo;s</a> corporate GovernanceGovernance at AWBAWB&rsquo;s<a title="14346 AWB Financial Report PFO5_HR.pdf page 4" href="http://viewer.zmags.com/publication/021da2ad?page=4">corporate Governance(CONTINUED)Failure to m</a> corporate Governance(CONTINUED)Failure to m<a title="14346 AWB Financial Report PFO5_HR.pdf page 5" href="http://viewer.zmags.com/publication/021da2ad?page=5">corporate Governance(CONTINUED)The Board is</a> corporate Governance(CONTINUED)The Board is<a title="14346 AWB Financial Report PFO5_HR.pdf page 6" href="http://viewer.zmags.com/publication/021da2ad?page=6">corporate Governance(CONTINUED)principle 5 </a> corporate Governance(CONTINUED)principle 5 <a title="14346 AWB Financial Report PFO5_HR.pdf page 7" href="http://viewer.zmags.com/publication/021da2ad?page=7">corporate Governance(CONTINUED)Assessment o</a> corporate Governance(CONTINUED)Assessment o<a title="14346 AWB Financial Report PFO5_HR.pdf page 8" href="http://viewer.zmags.com/publication/021da2ad?page=8">Directors&rsquo; reportYour Directors submit thei</a> Directors&rsquo; reportYour Directors submit thei<a title="14346 AWB Financial Report PFO5_HR.pdf page 9" href="http://viewer.zmags.com/publication/021da2ad?page=9">Directors&rsquo; report(CONTINUED)Audit and Non-A</a> Directors&rsquo; report(CONTINUED)Audit and Non-A<a title="14346 AWB Financial Report PFO5_HR.pdf page 10" href="http://viewer.zmags.com/publication/021da2ad?page=10">Directors&rsquo; report(CONTINUED)The relevant in</a> Directors&rsquo; report(CONTINUED)The relevant in<a title="14346 AWB Financial Report PFO5_HR.pdf page 11" href="http://viewer.zmags.com/publication/021da2ad?page=11">Directors&rsquo; report(CONTINUED)remuneration re</a> Directors&rsquo; report(CONTINUED)remuneration re<a title="14346 AWB Financial Report PFO5_HR.pdf page 12" href="http://viewer.zmags.com/publication/021da2ad?page=12">Directors&rsquo; report(CONTINUED)Table 2 &ndash; Eleme</a> Directors&rsquo; report(CONTINUED)Table 2 &ndash; Eleme<a title="14346 AWB Financial Report PFO5_HR.pdf page 13" href="http://viewer.zmags.com/publication/021da2ad?page=13">Directors&rsquo; report(CONTINUED)Table 4 &ndash; Non-e</a> Directors&rsquo; report(CONTINUED)Table 4 &ndash; Non-e<a title="14346 AWB Financial Report PFO5_HR.pdf page 14" href="http://viewer.zmags.com/publication/021da2ad?page=14">Directors&rsquo; report(CONTINUED)Fixed and at-ri</a> Directors&rsquo; report(CONTINUED)Fixed and at-ri<a title="14346 AWB Financial Report PFO5_HR.pdf page 15" href="http://viewer.zmags.com/publication/021da2ad?page=15">Directors&rsquo; report(CONTINUED)Short Term Ince</a> Directors&rsquo; report(CONTINUED)Short Term Ince<a title="14346 AWB Financial Report PFO5_HR.pdf page 16" href="http://viewer.zmags.com/publication/021da2ad?page=16">Directors&rsquo; report(CONTINUED)Piero Ravano&rsquo;s </a> Directors&rsquo; report(CONTINUED)Piero Ravano&rsquo;s <a title="14346 AWB Financial Report PFO5_HR.pdf page 17" href="http://viewer.zmags.com/publication/021da2ad?page=17">Directors&rsquo; report(CONTINUED)What if a senio</a> Directors&rsquo; report(CONTINUED)What if a senio<a title="14346 AWB Financial Report PFO5_HR.pdf page 18" href="http://viewer.zmags.com/publication/021da2ad?page=18">Directors&rsquo; report(CONTINUED)How is ROFE mea</a> Directors&rsquo; report(CONTINUED)How is ROFE mea<a title="14346 AWB Financial Report PFO5_HR.pdf page 19" href="http://viewer.zmags.com/publication/021da2ad?page=19">Directors&rsquo; report(CONTINUED)Service agreemen</a> Directors&rsquo; report(CONTINUED)Service agreemen<a title="14346 AWB Financial Report PFO5_HR.pdf page 20" href="http://viewer.zmags.com/publication/021da2ad?page=20">Directors&rsquo; report(CONTINUED)Key management </a> Directors&rsquo; report(CONTINUED)Key management <a title="14346 AWB Financial Report PFO5_HR.pdf page 21" href="http://viewer.zmags.com/publication/021da2ad?page=21">Directors&rsquo; report(CONTINUED) </a> Directors&rsquo; report(CONTINUED) <a title="14346 AWB Financial Report PFO5_HR.pdf page 22" href="http://viewer.zmags.com/publication/021da2ad?page=22">Directors&rsquo; report(CONTINUED)Key management </a> Directors&rsquo; report(CONTINUED)Key management <a title="14346 AWB Financial Report PFO5_HR.pdf page 23" href="http://viewer.zmags.com/publication/021da2ad?page=23">Directors&rsquo; report(CONTINUED) </a> Directors&rsquo; report(CONTINUED) <a title="14346 AWB Financial Report PFO5_HR.pdf page 24" href="http://viewer.zmags.com/publication/021da2ad?page=24">Directors&rsquo; report(CONTINUED)Table 11 &ndash; Fact</a> Directors&rsquo; report(CONTINUED)Table 11 &ndash; Fact<a title="14346 AWB Financial Report PFO5_HR.pdf page 25" href="http://viewer.zmags.com/publication/021da2ad?page=25">Directors&rsquo; report(CONTINUED)Options and rig</a> Directors&rsquo; report(CONTINUED)Options and rig<a title="14346 AWB Financial Report PFO5_HR.pdf page 26" href="http://viewer.zmags.com/publication/021da2ad?page=26">Directors&rsquo; report(CONTINUED)Group performan</a> Directors&rsquo; report(CONTINUED)Group performan<a title="14346 AWB Financial Report PFO5_HR.pdf page 27" href="http://viewer.zmags.com/publication/021da2ad?page=27">auDitor&rsquo;s inDepenDence Declaration</a> auDitor&rsquo;s inDepenDence Declaration<a title="14346 AWB Financial Report PFO5_HR.pdf page 28" href="http://viewer.zmags.com/publication/021da2ad?page=28">income statementsfOr ThE yEAr ENDED 30 SEpTEmbEr</a> income statementsfOr ThE yEAr ENDED 30 SEpTEmbEr<a title="14346 AWB Financial Report PFO5_HR.pdf page 29" href="http://viewer.zmags.com/publication/021da2ad?page=29">Balance sheetsAS AT 30 SEpTEmbEr 2009Consoli</a> Balance sheetsAS AT 30 SEpTEmbEr 2009Consoli<a title="14346 AWB Financial Report PFO5_HR.pdf page 30" href="http://viewer.zmags.com/publication/021da2ad?page=30">statements of cash flowsfOr ThE yEAr ENDED 30 SE</a> statements of cash flowsfOr ThE yEAr ENDED 30 SE<a title="14346 AWB Financial Report PFO5_HR.pdf page 31" href="http://viewer.zmags.com/publication/021da2ad?page=31">statements of chanGes in equityfOr ThE yEAr ENDE</a> statements of chanGes in equityfOr ThE yEAr ENDE<a title="14346 AWB Financial Report PFO5_HR.pdf page 32" href="http://viewer.zmags.com/publication/021da2ad?page=32">statements of chanGes in equityfOr ThE yEAr ENDE</a> statements of chanGes in equityfOr ThE yEAr ENDE<a title="14346 AWB Financial Report PFO5_HR.pdf page 33" href="http://viewer.zmags.com/publication/021da2ad?page=33">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 34" href="http://viewer.zmags.com/publication/021da2ad?page=34">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 35" href="http://viewer.zmags.com/publication/021da2ad?page=35">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 36" href="http://viewer.zmags.com/publication/021da2ad?page=36">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 37" href="http://viewer.zmags.com/publication/021da2ad?page=37">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 38" href="http://viewer.zmags.com/publication/021da2ad?page=38">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 39" href="http://viewer.zmags.com/publication/021da2ad?page=39">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 40" href="http://viewer.zmags.com/publication/021da2ad?page=40">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 41" href="http://viewer.zmags.com/publication/021da2ad?page=41">notes to anD forminG partof the financial statem</a> notes to 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href="http://viewer.zmags.com/publication/021da2ad?page=46">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 47" href="http://viewer.zmags.com/publication/021da2ad?page=47">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 48" href="http://viewer.zmags.com/publication/021da2ad?page=48">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 49" href="http://viewer.zmags.com/publication/021da2ad?page=49">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 50" href="http://viewer.zmags.com/publication/021da2ad?page=50">notes to anD forminG partof the financial statem</a> notes to 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href="http://viewer.zmags.com/publication/021da2ad?page=55">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 56" href="http://viewer.zmags.com/publication/021da2ad?page=56">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 57" href="http://viewer.zmags.com/publication/021da2ad?page=57">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 58" href="http://viewer.zmags.com/publication/021da2ad?page=58">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 59" href="http://viewer.zmags.com/publication/021da2ad?page=59">notes to anD forminG partof the financial statem</a> notes to 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href="http://viewer.zmags.com/publication/021da2ad?page=64">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 65" href="http://viewer.zmags.com/publication/021da2ad?page=65">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 66" href="http://viewer.zmags.com/publication/021da2ad?page=66">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 67" href="http://viewer.zmags.com/publication/021da2ad?page=67">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 68" href="http://viewer.zmags.com/publication/021da2ad?page=68">notes to anD forminG partof the financial statem</a> notes to 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href="http://viewer.zmags.com/publication/021da2ad?page=73">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 74" href="http://viewer.zmags.com/publication/021da2ad?page=74">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 75" href="http://viewer.zmags.com/publication/021da2ad?page=75">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 76" href="http://viewer.zmags.com/publication/021da2ad?page=76">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 77" href="http://viewer.zmags.com/publication/021da2ad?page=77">notes to anD forminG partof the financial statem</a> notes to 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href="http://viewer.zmags.com/publication/021da2ad?page=82">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 83" href="http://viewer.zmags.com/publication/021da2ad?page=83">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 84" href="http://viewer.zmags.com/publication/021da2ad?page=84">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 85" href="http://viewer.zmags.com/publication/021da2ad?page=85">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 86" href="http://viewer.zmags.com/publication/021da2ad?page=86">notes to anD forminG partof the financial statem</a> notes to 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href="http://viewer.zmags.com/publication/021da2ad?page=91">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 92" href="http://viewer.zmags.com/publication/021da2ad?page=92">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 93" href="http://viewer.zmags.com/publication/021da2ad?page=93">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 94" href="http://viewer.zmags.com/publication/021da2ad?page=94">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 95" href="http://viewer.zmags.com/publication/021da2ad?page=95">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 96" href="http://viewer.zmags.com/publication/021da2ad?page=96">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 97" href="http://viewer.zmags.com/publication/021da2ad?page=97">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 98" href="http://viewer.zmags.com/publication/021da2ad?page=98">notes to anD forminG partof the financial statem</a> notes to anD forminG partof the financial statem<a title="14346 AWB Financial Report PFO5_HR.pdf page 99" href="http://viewer.zmags.com/publication/021da2ad?page=99">Directors&rsquo; DeclarationIn the Directors&rsquo; opi</a> Directors&rsquo; DeclarationIn the Directors&rsquo; opi<a title="14346 AWB Financial Report PFO5_HR.pdf page 100" href="http://viewer.zmags.com/publication/021da2ad?page=100">inDepenDent auDitor&rsquo;s reportTO ThE mEmbErS Of AW</a> inDepenDent auDitor&rsquo;s reportTO ThE mEmbErS Of AW<a title="14346 AWB Financial Report PFO5_HR.pdf page 101" href="http://viewer.zmags.com/publication/021da2ad?page=101">inDepenDent auDitor&rsquo;s reportTO ThE mEmbErS Of AW</a> inDepenDent auDitor&rsquo;s reportTO ThE mEmbErS Of AW<a title="14346 AWB Financial Report PFO5_HR.pdf page 102" href="http://viewer.zmags.com/publication/021da2ad?page=102">This page has been left blank intentionally.</a> This page has been left blank intentionally.<a title="14346 AWB Financial Report PFO5_HR.pdf page 103" href="http://viewer.zmags.com/publication/021da2ad?page=103">DESIGN: COLLIER &amp; ASSOCIATES THE STRATEGIC DESIGN</a> DESIGN: COLLIER &amp; ASSOCIATES THE STRATEGIC DESIGN<a title="14346 AWB Financial Report PFO5_HR.pdf page 104" 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