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seasonal factors, it is normal for the half-year operating results to exceed those of the full year. During the second half
of the financial year Warrnambool Cheese and Butter Factory Company Holdings Limited will be subject to:
(a) increases in milk prices that are retrospective from 1 July and cannot be accurately estimated as at 31
December 2012, and
(b) seasonal milk flow variations that result in less effective utilisation of plant. Note 5. Equity securities issued 31 December
Shares 31 December
$'000 31 December
345 589,372 Issue of ordinary shares during the half-year
Employee share issue 31 December
Shares 534,977 1,904 2,008 Note 6. Events occurring after the balance sheet date Since balance date Warrnambool Cheese and Butter Factory Company Holdings Limited has in the normal course of business announced a step-up in its
milk price that will impact results in the second half of the financial year. 14 Warrnambool Cheese and Butter Factory Company Holdings Limited
Notes to the financial statements...
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- Two '12