Financial Performance 20 GrainCorp 2001 Annual Report Five Year Financial History 2001 2000 1999 1998 1997 Tonnages  Receivals (m) 12.1 8.3 6.7 5.4 8.7 Export (m) 7.2 4.7 3.7 3.7 6.1 Revenue  Sales revenue ($m) 253.9  166.8  121.0  117.4  172.0  Marketing revenue ($m) 253.3  118.1  134.1  53.2  40.5  Other revenue ($m) 12.1  16.3  9.5  10.0  8.2  Total Operating revenue ($m) 519.3  301.2  264.6  180.6  220.7  Earnings  Profit on ordinary activities before interest, tax and significant items ($m) 76.1  71.2  42.2  37.7  91.2  Profit on ordinary activities after tax and before significant items ($m) 44.6  48.7  29.8  27.9  60.2  Significant items after tax ($m) -  -  -  7.3  -  Profit on ordinary activities after tax and significant items ($m) 44.6  48.7  29.8  35.2  60.2  Earnings per Ordinary Share (cents) 109.4 155.6 95.2 112.7 192.7 Dividends  Fully franked dividend per Ordinary Share # (cents) 72.0 79.0 47.6 56.3 67.5 Other Information  No of Ordinary Shares # (m) 40.2 31.3 31.3 31.2 31.2 Ordinary capital ($m) 99.5 57.7 57.7 57.7 57.1 Shareholders' funds ($m) 273.3 201.0 177.0 161.7 142.4 Return on shareholders' funds as at balance date (%) 16.3 24.2 16.8 21.8 42.3 Total assets ($m) 532.8 335.1 255.1 224.8 216.0 Net tangible assets per Ordinary Share ($) 6.6 6.4 5.7 5.2 4.6 Total interest bearing borrowings less cash on hand/ Total shareholders’ funds (Debt to equity) (%) 66.0 36.3 22.7 4.1 9.7 Total liabilities/Total tangible assets (%) 49.6 40.2 30.6 28.1 34.1 Current assets/Current liabilities (%) 98.5 113.4 83.1 93.5 94.8 Notes * Basic earnings per Share # Adjusted for 3 for 5 bonus issue and 10 for 1 Share split