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Furthermore the measure excludes the effect of equity

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Unformatted text preview: ury function, which manages the cash position of the group. A reconciliation of adjusted EBIT to operating profit before income tax is provided as follows: 31 December 2012 $'000 31 December 2011 $'000 Adjusted EBIT 21,664 42,462 Interest revenue Finance costs Share of joint venture partnership profits/(losses) Unrealised financial instrument gains/(losses) Employee share issue 50 (1,975) 1,894 (709) - 66 (1,731) 2,026 484 (345) Profit/(loss) before income tax (expense)/benefit 20,924 42,962 13 Warrnambool Cheese and Butter Factory Company Holdings Limited Notes to the financial statements for the half-year ended 31 December 2012 Note 3. Dividends 31 December 2012 $'000 6,011 For personal use only Dividends not recognised at the end of the half-year The Directors have declared no interim dividend at 31 December 2012. 5,933 - Ordinary shares Dividends provided for or paid during the half-year 31 December 2011 $'000 2,179 Note 4. Seasonal factors The Statement of Comprehensive Income for the half-year ended 31 December 2012 does not normally reflect the proportional full year result of Warrnambool Cheese and Butter Factory Company Holdings Limited. Due to indus...
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