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1、12Contents Chairman Letter 5CEO Letter 6Directors Report 9Auditors Independence Declaration 11Consolidated Statement of Profit or Loss and Other Comprehensive Income 29Consolidated Statement of Financial Position 30Consolidated Statement of Changes in Equity 31Consolidated Statement of Cash Flows 32
2、Notes to the Financial Statements 33Directors Declaration 75Independent Auditors Report 77Additional Shareholder Information 79Corporate Directory 82OLIVERS REAL FOOD LIMITED2019 ANNUAL REPORT34The Board are justifiably confident that the worst is now behind us and the business is now well placed to
3、 consistently produce profitable quarters throughout the years ahead.With the business stabilised and focused we are now looking to the future and a return to controlled growth and continuous improvement.I would like to take this opportunity to sincerely thank our staff,stakeholders,suppliers and ou
4、r very supportive and patient shareholders for your support and encouragement.Yours Sincerely,Dear Shareholder,A little over fifteen years ago I received a call from Jason Gunn(our two companies had worked together previously)wanting to discuss a fantastic idea,that idea was Olivers!He wanted us to
5、invest,and my reaction at the time was that I thought it was a fantastic idea but maybe ahead of its time.In February this year I received another call from Jason,this time it was asking me to bring my experience in“turn around”management to the board of Olivers and I accepted.The reason I agreed to
6、 come out of my very comfortable retirement and take on this responsibility was that I believe this fantastic idea had truly met its time.Over the years I have been a mentor,lender and a shareholder,but above all else I have been a believer in the concept and being at the coalface with this great te