Preliminary Final Report
Financial report for the year ended 29 February 2008
Your directors present their report on the consolidated entity consisting of Namoi Cotton Co-operative Ltd and
the entities it controlled at the end of or during the year ended 29 February 2008.
Namoi Cotton is a co-operative listed on the Australian Stock Exchange Ltd that is domiciled in Australia. The
principal activities of the entities in the economic entity during the course of the year were ginning and marketing
2007-2008 full year financial results
Namoi Cotton recorded a net profit after tax and rebate of $4.5 million for the full year ended 29 February 2008
(2007: $12.6 million). This result has been achieved despite significant reduction in Australian cotton production
and operational challenges associated with competitive activity and global dynamics.
Net assets during the period have increased by $0.2 million (2007: $1.8 million) representing a net asset backing
of 92 cents per unit of Namoi Capital Stock (2007: 90 cents).
The directors have previously announced that Namoi Cotton will pay a final distribution of 1.0 cents (2007: 2.0
cents) per unit of Namoi Capital Stock on 22 July 2008 representing a total distribution for the year of 1.0 cents
(2007: 5.5 cents). Payments to Namoi Capital Stockholders under the on-market buy-back amounted to $1.1
million (2007: $3.6 million) during the year.
Review of operations
Australian production has been recorded at 1.2 million bales for the 2007 crop (2006 Crop: 2.6 million bales).
This is the smallest crop in 20 years. Strategic initiatives implemented by the Board in recent years have
significantly buffered the business from the devastating impact of drought.
Tags: 2008, day, judgement, results
Ummmm…wasn’t it already going to be an All-England final, regardless of the Chelsea-Liverpool outcome? Or did Chelsea defeat a team in Liverpool, N.Y.?
nobody cares
Perhaps I didn’t make my point clear.The headline is not underscoring the fact that the final is All-English (since as you said, we already knew that when the first semi-finals game ended). Its just announcing the finals and as a side-fact, both teams are English.Anyway, I could be wrong about the headline’s intentions. I’m just offering another explanation that could make sense. Thats all.
… That doesn’t say that much - if AC Milan had not been knocked out by Arsenal, then they would most likely have been in the final - just down to the performance on the day… in the same way that the 2nd best team in the world cup may be knocked out by an early clash with the best… if that makes sense. Man U deserve to win, because they probably do have the best team, but my point above was that having 3 teams in the semi-final is not testament to the league - just testament to the teams… And my fear being that the link will be made between premiership and the above, hence fuelling British pride - I am British myself, just grown tired of people trying to convince me the Premiership is the bee’s knees. Now who’s up for watching Bolton x Sunderland on Saturday??
Gunners subreddit if you are interested:http://reddit.com/r/Gunners/
He’s also associated with CSKA Moskow (as a financial backer).
Yes. We’ve got the same on [fr].
Thats what I thought at first. But on second read, it looks like the headline is just stating a fact that the final teams have been decided now and both are English.
Game is in Moscow - I believe Chelsea’s owner is Russian. That could bring a fan base.