1、2009ANNUAL REPORT 2009XRF SCIENTIFIC LIMITEDABN:80 107 908 314 ANNUAL REPORT 2009 1CONTENTSCHAIRMANSLETTER2DIRECTORSREPORT3AUDITORSINDEPENDENCEDECLARATION20CORPORATEGOVERNANCEDISCLOSURE21INCOMESTATEMENTS24BALANCESHEETS25STATEMENTSOFCHANGESINEQUITY26CASHFLOWSTATEMENTS27NOTESTOTHEACCOUNTS28DIRECTORSDE
2、CLARATION80AUDITORSREPORT81SHAREHOLDERINFORMATION83CORPORATEDIRECTORY86 ANNUAL REPORT 2009 2 CHAIRMANSLETTER Dear Shareholder,The Directors of your Company are pleased to report that the 2008-2009 financial year has shown significant growth in both revenues and profits,despite the global financial c
3、risis.The excellent trading results,coupled with your companys strong balance sheet,and cash position,enable the payment of an increased,fully franked dividend.It is XRFs stated policy to make dividend payments if and as circumstances permit,whilst growing the asset-base of your company.First-half e
4、arnings for the group were very strong,underpinned by a very buoyant mining industry,however the second half was more subdued,and this has carried forwards into the first part of financial 2009-2010.However,at the time of writing,management is reporting increased activity in the consumables sectors
5、of XRF,and higher enquiry levels for capital equipment.Hopefully this will translate into a resumption of the sales enjoyed in 2008-2009.I wish to acknowledge the efforts and dedication shown by the staff and management of XRF,without whom these excellent results(and dividends)would not be possible.
6、As the Company develops and matures,there is recognition that different skills are required at Board(and all)levels,as demonstrated by the change of Chair of your Company earlier this year,and the stepping down of Mr.David Brown and Mr.John Parsons as Executive Directors.As founding Directors of XRF