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## Statement of Financial Performance 

## Profit & Loss 

Net profit before tax, depreciation & amortisation and interest was $115.0 million compared to $91.4 million for the previous financial year as a result of the merger with Vicgrain. This was a significant increase over the previous financial year, and reflected the increased volumes handled. GrainCorp received a total of 12.1 million tonnes of grain (2000: 8.3 million tonnes) and exported 7.2 million tonnes (2000: 4.7 million tonnes). 

This result is based on storage & handling revenue of $263.7 million (2000: $170.9 million). The increase in revenue was largely due to increased storage and handling volumes as a result of the merger with Vicgrain, partially offset by lower receivals in NSW due to adverse weather conditions. This is reflected in the slightly lower return on revenue for storage and handling of 40.5% (2000: 45.2%). 

Marketing reported a significantly higher profit of $5.3 million for the financial year (2000: $0.2 million). This result is a consequence of an 87 % increase in revenue for the year through rapid growth in market share and higher commodity prices. The return on marketing revenue is 2.1% (2000: 0.2%). 

Net profit after tax to members of GrainCorp Limited for the year ended 30 September 2001 was $44.6 million, compared to $48.7 million for the previous corresponding year The lower result is mainly due to higher depreciation, merger costs, amortisation, interest and tax charges. 

An analysis of operating revenue and operating profit before income tax by segment is set out in Note 2. 

## for the year ended 30 September 2001 

## GrainCorp Limited and Controlled Entities 

<img src='content_image/23176.jpg'>

