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•     Markets and consumers
  • Domestic trade and consumer promotion
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  • Trade development - livestock exports
  • Market access
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  • Co-products
•     Product initiatives
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  • Meat Standards Australia
•     Community concerns
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  • Animal welfare - on-farm
  • Animal welfare - livestock export
  • Industry integrity communications
•     Whole-of-chain efficiency
  • Improving productivity
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•     Other initiatives
  • Corporate communications
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• Corporate governance
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• Financial report
  • Income statement
  • Balance sheet
  • Statement of recognised income and expense
  • Statement of cash flows
• Notes to the financial statements
• Directors' declaration
• Independent audit report

Consolidated Parent
2007 2006 2007 2006
Notes $000 $000 $000 $000

Note 6. EXPENSES AND LOSSES/(GAINS)
Depreciation of non-current assets included in the income statement:
Leasehold improvements 316 294 316 294
Plant and equipment 1,105 754 1,105 754
Furniture and fittings 25 30 25 30
Total depreciation of non-current assets 1,446 1,078 1,446 1,078
Bad and doubtful debts - trade debtors 13 22 13 22
Operating lease rentals included in the income statement 2,873 2,792 2,873 2,792
Employee benefit expense:
Wages and salaries 23,656 22,351 23,656 22,351
Workers compensation costs 197 93 197 93
Annual leave provision 324 439 324 439
Long service leave provision 350 355 350 355
Superannuation expense 1,578 1,576 1,578 1,576
Other post employment benefits 150 104 150 104
Termination expenses 690 85 690 85
Net foreign exchange loss/(gain) 26 (7) 26 (7)

Note 7. TRADE AND OTHER RECEIVABLES (CURRENT)
Trade debtors (a)
Provision for doubtful debts
Trade debtors, net
Accrued revenue

-Levies (a)
-R&D matching grants (a)
-Other (a)
Total accrued revenue
Receivable from subsidiary
Goods and services tax
Other receivables
Hedging foreign currency receivable (b)
Total current receivables, net

3,719 3,312 3,719 3,312
(12) (4) (12) (4)
3,707 3,308 3,707 3,308
6,202 6,489 6,202 6,489
12,014 13,816 12,014 13,816
3,281 3,376 3,281 3,376
21,497 23,681 21,497 23,681
--17 21
248 305 248 305
74 92 74 92
-97 -97
25,526 27,483 25,543 27,504
(a) Trade debtors, R&D matching grants, levies and other accrued revenue are non-interest bearing and generally on 14 to 30 day terms. Provision for
doubtful debts is made when there is objective evidence that a trade debtor is impaired. An amount of $13,000 (2006: $22,000) has been recognised
as an expense for specific debtors for which evidence exists.
(b) Hedging foreign currency receivable represents the net receivable arising from foreign exchange forward contracts and foreign exchange options
contracts to buy foreign currency within the next 12 months.