XRF Scientific Limited (XRF) 2008年年度报告「ASX」.pdf

1、2008ANNUAL REPORT 2008For personal use onlyFor personal use only1ANNUAL REPORT 2008CONTENTSChAiRmANS LETTER 2diRECTORS REPORT 3AUdiTORS iNdEPENdENCE dECLARATiON 19CORPORATE GOVERNANCE diSCLOSURE 20iNCOmE STATEmENTS 23BALANCE ShEETS 24STATEmENTS OF RECOGNiSEd iNCOmE&EXPENSES 25CASh FLOW STATEmENTS 26

2、NOTES TO ThE ACCOUNTS 27diRECTORS dECLARATiON 81AUdiTORS REPORT 82ShAREhOLdER iNFORmATiON 84CORPORATE diRECTORY 87For personal use only2ChAiRmANS LETTERdear Shareholder,On behalf of the Board of directors of your XRF Scientific Limited,i am pleased to present to you the second Annual Report of your

3、company.This has been a year of continued growth and positive changes,which has given effect to the full integration of the companys group operations and significant enhancements in the areas of marketing and product distribution functions.The results for the year have improved significantly over th

4、e prior period,with increases(in rounded figures),of$2,100,000 in sales,up from$12,800,000 to$14,900,000,a 17%increase.At the same time,earnings before tax are up by$950,000,an increase of 165%,from$577,000 to 1,528,000 and with profit after tax,after adjustment of a prior period unrealised tax bene

5、fit of$112,000,up from$395,000 to$921,000,an increase of 133%.The financial position of the company is also very sound with current assets of$8,452,000,including cash of$3,627,000 and realisable debtors of$3,280,000 against current liabilities of only$1,638,000.The overall net asset position stands

6、at$13,604,000,net of only a small non current liability.On the basis of this strong position,a first dividend has been declared and the directors will review annually,the companys capacity to pay future dividends.demand for group products remains strong and continued growth in sales is anticipated,w