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1、AUSTRALIA S LEADING GAS TRANSPORTATION BUSINESSANNUAL REPORT 2008APA GroupThe cover and pages 1 to 16 of this book have been printed on Impress(Silk).Impress is produced by Australian Paper in Tasmania according to the Highest level of international environmental standards.The mills are certifi ed t
2、o the International standards ISO 14001-environmental management,ISO 9001 quality management and PEFC Chain of Custody(Program for the Endorsement of Forest Certifi cation).All fi bre sourced for the production of Impress comes from sustainably managed sources and a guarantee of no old growth timber
3、.92%of the energy used at our Tasmanian Mills comes from renewable sources providing an environmentally friendly paper with a low carbon footprint.Pages 17 to 144 of this book have been printed on Opal Lite Matt.Opal Lite Matt is an environmentally responsible paper manufactured acid free using Elem
4、ental Chlorine Free(ECF)pulp sourced from sustainable,well managed forests.Its manufacturer is certifi ed under environmental management system ISO 14001.APA Group Annual Report 2008is available on our .auan alternate way to access the Annual Report and help the environment.ANNUAL REPORT 2008APA GRO
5、UPCONTENTSChairman s Report 4Managing Directors Report 6Operations Report 8Board of Directors 14Executive Management 16Corporate Governance Statement 17Financial Reports of:Australian Pipeline Trust andits controlled entities 25APT Investment Trust and its controlled entities 115Additional Informati
6、on IBCAPA GroupAUSTRALIAN PIPELINE LTD ACN 091 344 704 AUSTRALIAN PIPELINE TRUST ARSN 091 678 778 APT INVESTMENT TRUST ARSN 115 585 441ANNUAL MEETINGDATE 30 October 2008VENUE City Recital Hall,Angel Place,SydneyTIME 10:30am Registration commences at 10:00amImage above:Mick Mara and Amol Rampure insi