Discussion and analysis of Consolidated Statement of Financial Performance for the year ended 30 September 2001 GrainCorp Limited and Controlled Entities  Profit & Loss Net profit before tax, depreciation & amortisation and interest was $115.0 million compared to $91.4 million  for the previous financial year as a result of the merger with Vicgrain. This was a significant increase over the previous financial year, and reflected the increased volumes handled. GrainCorp received a total of 12.1 million tonnes of grain (2000: 8.3 million tonnes) and exported 7.2 million tonnes (2000: 4.7 million tonnes).  This result is based on storage & handling revenue of $263.7 million (2000: $170.9 million). The increase in revenue was largely due to increased storage and handling volumes as a result of the merger with Vicgrain, partially offset by lower receivals in NSW due to adverse weather conditions. This is reflected in the slightly lower return on revenue for storage and handling of 40.5% (2000: 45.2%). Marketing reported a significantly higher profit of  $5.3 million for the financial year (2000: $0.2 million).  This result is a consequence of an 87 % increase in revenue for the year through rapid growth in market  share and higher commodity prices. The return on marketing revenue is 2.1% (2000: 0.2%). Net profit after tax to members of GrainCorp Limited  for the year ended 30 September 2001 was $44.6 million, compared to $48.7 million for the previous corresponding year The lower result is mainly due to higher depreciation, merger costs, amortisation, interest and tax charges.  An analysis of operating revenue and operating profit before income tax by segment is set out in Note 2.  Financial Summary 2001 2000 $’000 $’000 Storage & Handling Revenue 263,690  170,920  Marketing Revenue 254,713 118,610 Intersegment Revenue  (11,200) (4,574) Other Revenue 12,074 16,262 Total Revenue 519,277 301,218  Operating Costs 404,272 209,863 EBITDA 115,005 91,355 Borrowing Costs 11,884 5,590 Depreciation & Amortisation 38,933  20,173  Net Profit Before Tax 64,188 65,592 Tax 19,627 16,928  Net Profit After Tax 44,561 48,664  Outside Equity Interests After Tax 19 80 Net Profit Attributable to Members 44,580 48,744 Storage and Handling Result 106,789 77,297 Marketing Result 5,252 202 Storage and Handling Return on Revenue % 40.5 45.2  Marketing Return on Revenue % 2.1 0.2 44 GrainCorp 2001 Annual Report