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•     Markets and consumers
  • Domestic trade and consumer promotion
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  • Trade development - livestock exports
  • Market access
  • Red meat innovation
  • Co-products
•     Product initiatives
  • Meat safety/ issues management
  • Meat Standards Australia
•     Community concerns
  • Environment - resource management
  • Animal welfare - on-farm
  • Animal welfare - livestock export
  • Industry integrity communications
•     Whole-of-chain efficiency
  • Improving productivity
  • Adoption and capacity
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  • Corporate communications
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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

Notes to the financial statements
Consolidated Parent
2007 2006 2007 2006
$000 $000 $000 $000
97 -97
(807) 97 (807)
(97) -(97)
(807) 97 (807)

Note 20. FOREIGN CURRENCY EXPOSURE
The Australian dollar equivalent of foreign currency monetary items included in the balance sheet to the extent that they are
not effectively hedged, are set out below. The Company takes out option contracts and forward foreign exchange contracts in
United States dollars, Japanese yen and korean won to minimise the short-term impact of currency fluctuations on overseas
programs (refer note 28).

Current assets:

-Bahrain dinars
74

74

- Euro
13

13

- Chinese renminbi
64

64

151

Current liabilities:

-Bahrain dinars
71

- Euro
11

82

82

33 33
12 12
43 43
88 151 88
60 71 60
103 11 103
163 163
Note 21. EMPLOYEE ENTITLEMENTS
The aggregate employee benefit liability is comprised of:
Provisions - current (refer note 14)

1,326

1,326
Provisions - non current (refer note 17)

829

829
Payables - current (refer note 13)

2,625

2,625

4,780
The number of full-time equivalent
employees as at 30 June (a)

253.6
1,050 1,050
924 924
2,323 2,323
4,297 4,780 4,297
240.6 253.6 240.6
(a) The decrease in the number of full time employees was mainly due to organisational restructure and an increase in vacancies as at June 30, 2007.