DOCSLIB.ORG

Appendix 4E Preliminary Final Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Appendix 4E Preliminary Final Report Appendix 4E Preliminary Final Report Ricegrowers Limited ABN: Financial Year Ended: Lodgment Date: 55 007 481 156 30 April 2020 25 June 2020 This financial report does not include all of the notes of the type normally included in the full year statutory accounts. Accordingly, it is recommended that this report be read in conjunction with the Annual Report for the year ended 30 April 2020 and any public announcements made by Ricegrowers Limited (“SunRice” or ‘Group”) during the year ended 30 April 2020, in accordance with the continuous disclosure requirements of the Listing Rules of the Australian Securities Exchange. Reporting Period and Reported Information The current reporting period is the year ended 30 April 2020 (FY2020 or CY19) and the previous corresponding period is the year ended 30 April 2019 (FY2019 or CY18). The information in this report is based on accounts which have been audited. Results for Announcement to the Market 2020 2019 Change Change Up/Down Consolidated Group $’000 $’000 $’000 % Revenue from ordinary activities 1,134,818 1,193,063 58,245 4.9 Down Profit after tax 22,680 32,767 10,087 30.8 Down Profit after tax attributable to B Class shareholders 27,013 31,498 4,485 14.2 Down Previous Current corresponding Dividends period period Franking rate applicable: 100% 100% Final dividend Amount per security 33.0 cents 33.0 cents Franked amount per security 33.0 cents 33.0 cents Interim dividend Amount per security n/a n/a Franked amount per security n/a n/a Date the dividend is payable: 30 July 2020 For personal use only Record date to determine entitlements to the dividend 8 July 2020 If it is a final dividend, has it been declared? Yes The dividend or distribution plans shown below are in operation. Ricegrowers Limited Dividend Reinvestment Plan (DRP). SUNRICE APPENDIX 4E 2020 / 1 Appendix 4E Preliminary Final Report Continued NTA Backing Previous Current corresponding period period Net tangible asset backing per ordinary security ($) 7.82 7.64 Commentary on results for the period Financial results were driven by a combination of several factors that included: • Ongoing drought conditions in the Riverina, leading to the second-smallest crop on record of 54,000 tonnes in CY19 (The CY20 rice crop, at 45,000 paddy tonnes, has replaced the CY19 crop of 54,000 paddy tonnes as the second-smallest on record), down 91% on the CY18 crop of 623,000 tonnes • Deteriorating conditions in key global markets, particularly across the Pacific • Flexing of our international sourcing capability to offset the lower Australian crop and ensure the Group met continued growing global demand for SunRice’s products • Continued execution of the 2022 Growth Strategy, delivering significant value during FY2020, with new global supply chains, innovative product offerings across multiple segments and expanded production capabilities • Response to COVID-19 in the last two months of FY2020 has demonstrated the resilience and agility that exists across our portfolio of businesses, and highlighted the strength of the Group’s existing risk management and mitigating strategies. • Despite restructure of SunRice’s Riverina operations in line with lower production levels in FY2020, the Rice Pool was unable to absorb all overheads and recorded a loss, impacting overall Group profitability. Further details of the FY2020 financial position, performance and cash flows are set out in the 2020 Annual Report, which is provided together with this 4E Preliminary Final Report. Details of associates and joint venture entities Trukai Industries Limited, which is 66.23% owned by Ricegrowers Limited, has the following associate: Name of associate or joint venture Pagini Transport (incorporated in Papua New Guinea). Principal activity: Transport Reporting entities percentage holding Pagini Transport: 30.44% (30 April 2019: 30.44%) Controlled entities Ricegrowers New Zealand Ltd, a wholly owned subsidiary of Ricegrowers Limited, was incorporated in New Zealand on 8 July 2019. There have been no other changes in controlled entities in the year ended 30 April 2020. About SunRice’s structure The structure of Ricegrowers Limited (SunRice) contains non-standard elements including its dual class share structure comprising A Class Shares and B Class Shares. A Class Shares confer on their holders the right to vote at general meetings but no right to dividends. A Class Shares are not quoted on ASX and may only be held by Active Growers. The right to vote is based on one member, one vote and no person may hold more than 5 A Class Shares. In practical terms the voting rights held by A Class Shareholders give those shareholders the right to control the election of directors and any changes to SunRice’s constitution. B Class Shares are quoted on ASX and confer on their holders the right to receive dividends, as determined by the directors from time to time. Holders of B For personal use only Class Shares do not have the right to vote at general meetings of SunRice and may only vote on proposals involving a variation to their class rights or if required for the purposes of the ASX Listing Rules. This means B Class Shareholders have no right to vote on the election of directors of SunRice. No person may hold more than 10% of the total number of B Class Shares on issue. For more details of the non-standard elements of SunRice’s structure see https://corporate.sunrice.com.au/investors/. Other information required Please refer to the attached Annual Report including the full year statutory accounts for other information required. SUNRICE APPENDIX 4E 2020 / 2 2020 Annual Report For personal use only SUNRICE ANNUAL REPORT 2020 / A About This Report The SunRice Group continuously seeks to improve the way we topics under seven focus areas that the business can relate to communicate long-term sustainable value to A and B Class and affect meaningful change in over time. For FY2020, these shareholders and other important stakeholders. This year focus areas and approaches are described in Our Approach to we have integrated our financial and non-financial reporting Sustainability on pages 27 - 38. Material topics are also discussed to provide information on all aspects of our performance in in the Our Approach to Risk section of this report on pages 39 - 44 one report, the Annual Report, supported where required by and in the SunRice Stakeholder Engagement Statement supplementary information (see Reports Portfolio). www.sunrice.com.au/sustainability-reports. Reporting boundary and period 2020 reports portfolio SunRice’s Annual Report covers Ricegrowers Limited ABN • Annual Report – provides information on SunRice, including 55007481156 and its controlled entities. Unless otherwise stated governance, strategy, key risks, financial and non-financial all disclosures in the Annual Report relate to the Financial Year performance, and includes the Annual Directors’ Report ended 30 April 2020 (FY2020). In this report, ‘the year’, ‘this year’, and Annual Financial Report. www.sunrice.com.au/annual- ‘crop year 2019’ and ‘CY19’ all refer to FY2020. The ‘2020 harvest’, reports ‘crop year 2020’ and ‘CY20’ all refer to the rice crop harvested in • Interim (Half Yearly) Financial Report – provides 2020, which will be processed and marketed in the Financial Year information on SunRice’s half-yearly financial and non- ending 30 April 2021 (FY2021). ‘SunRice’, ‘SunRice Group’, ‘Group’, financial performance and outlook. www.sunrice.com.au/ ‘we’ and ‘our’ refer to Ricegrowers Limited ABN 55007481156 and financial-reports its controlled entities, as defined in this report. • Corporate Governance Statement – provides an online overview of our policies, procedures and practices to ensure Reporting frameworks application of all the ASX Corporate Governance Principles and Recommendations (3rd Edition). www.sunrice.com.au/ The FY2020 Financial Report (on pages 76 - 126) and Directors’ corporate-governance Report (on pages 57 - 74) have been prepared in accordance with Australian Accounting Standards and Interpretations issued by Other reports and information the Australian Accounting Standards Board and the Corporations Act 2001. The Operating and Financial Review, which is a • Sustainability information – provides further online required element of the Directors’ Report, can be found on pages information on SunRice’s sustainability strategy, performance 11 - 46 and includes the Our World, Our Strategy, Our Financial and future plans. www.sunrice.com.au/sustainability-reports Performance and Position, Our Approach to Sustainability, Our • GRI Index – is a summary of how SunRice has addressed Approach to Risk and Our Outlook sections. each of the GRI reporting core standards, with references The content of the Our Approach to Sustainability section forms to where the detailed information can be located across part of SunRice’s application of the Global Reporting Initiative the 2020 reports portfolio. www.sunrice.com.au/ (GRI) Core standards for FY2020. The GRI Standards are the sustainability-reports world’s most widely used standards for sustainability reporting. • Other information – presentations and announcements The GRI index (see Reports Portfolio) highlights where required made to stakeholders during the year. www.sunrice.com.au/ FY2020 GRI Core disclosures can be found. The sustainability presentations disclosures in this report and the information in SunRice’s sustainability website www.sunrice.com.au/sustainability serve About SunRice’s structure as our Communication on Progress for the United Nations (UN) Global Compact. The structure of Ricegrowers Limited (SunRice) contains non- standard elements including its dual class share structure comprising A Class Shares and B Class Shares. Report assurance A Class Shares confer on their holders the right to vote at The Remuneration report on pages 59 - 73 and the Financial general meetings but no right to dividends. A Class Shares are Report on pages 76 - 126 have been audited by PwC Australia. not quoted on ASX and may only be held by Active Growers.
Load more

Recommended publications
  • Ricegrowers Limited Prospectus
    ® RICEGROWERS LIMITED PROSPECTUS For the Issue of B Class Shares to Existing SunRice Shareholders Ricegrowers Limited ABN 55 007 481 156 trading as SunRice CHAIRMAN’S LETTER Dear Shareholder, This Prospectus sets out an Offer to existing Shareholders in Ricegrowers Limited, (trading as SunRice), to subscribe for additional B Class Shares in the Company. The Offer aims to raise the level of permanent capital in the business and represents the second stage in SunRice’s Capital Raising Program. As a company, it is imperative that we maintain, and further develop, a strong capital base to give us the necessary financial strength and flexibility to make sound decisions and long-term commitments. Until recently SunRice has relied on compulsory Rice Bonds to provide a “semi-permanent” source of rollover loan capital for the business. The Offer of B Class Shares made under this Prospectus is part of SunRice’s preferred strategy to encourage Shareholders to convert their Rice Bonds into permanent share capital. Approximately $32.5 million is represented by the various series of Rice Bonds, which will mature over the next three years up to 30 June 2010 and SunRice is seeking to achieve the maximum level of conversion of Rice Bonds to B Class Shares. It is important that we highlight to Shareholders that, if SunRice is unable to raise this level of permanent share capital from existing Shareholders, it is inevitable that the Company will have to consider other options, including seeking approval to raise funds from investors that are not existing Shareholders. Rice Bonds applied to the Offer will earn the relevant interest up to the date on which the Shares are issued.
    [Show full text]
  • Sustainable Fumigation Practises Project Reference Number : 4303
    RICE CRC FINAL RESEARCH REPORT P4303FR06/05 ISBN 1 876903 31 7 Title of Project : Sustainable Fumigation Practises Project Reference number : 4303 Research Organisation Name : SunRice Principal Investigator Details : Name : Bronwyn Sigmund Address : Yanco Avenue, Leeton, NSW 2705 Telephone contact : 0269530075 TABLE OF CONTENTS Summary..........................................................................................................................1 I Dryacide and Absorba-Cide Trial (2001-2002)....................................................2 II Impact of storage at -20°C on rice properties (1999-2000) ................................18 III Fumigation with ethyl formate and carbonyl sulphide (1999-2000) ..................20 IV Treatment of rice products with carbon dioxide applied to shipping containers as dry ice for the purpose of insect control (2000-2001) ........................................22 V A study of Phosphine sorption by paddy rice (2001-2002) ................................24 VI Phosphine Fumigation of Paddy Rice, Shed 10, Emery(2003-2004) .................27 VII Treatment of rice products with ethyl formate (2004)........................................33 VIII Assessment of a lowered dosage of methyl bromide for finished product fumigation (2005) ...............................................................................................36 IX Assessment of a lowered dosage of methyl bromide for finished product fumigation (2005) ...............................................................................................38
    [Show full text]
  • Securing Our Future Annual Report 2016
    Securing our Future Annual Report 2016 NOTE: Image is to be re-shot in studio with brighter lighting Guiseppe Napoli and son Max, Leeton rice growers CONTENTS SunRice Overview 02 Our Growers 18 About SunRice 04 Our Operations 22 SunRice Brands 06 Our Businesses 26 Group Highlights 08 Trukai Industries 28 Business Highlights 10 Riviana Foods 29 Chairman’s Message 12 SunFoods 30 CEO’s Message 14 CopRice 31 SunRice Around the World 16 People and Culture 32 SunRice is equipping the company for the future, enabling opportunities to invest for growth and building a global food business of significant scale to benefit all growers, shareholders and our people. SunRice is securing the future of rice for generations to come. Community and Environment 36 Directors’ Report and Our Community 38 Financial Report 57 Environment and Sustainability 40 Independent Audit Report to the Members of Ricegrowers Limited 130 Our People Corporate Directory 132 Board of Directors 42 SunRice’s Annual Report covers Ricegrowers Limited Corporate Management Team 44 ABN 55007481156 and subsidiaries. The Report can be viewed or downloaded from SunRice’s website, www.sunrice.com.au. In this Subsidiary Company Heads 46 Report, ‘the year’, ‘this year; ‘FY16’, ‘crop year 2015’, ‘C15’ all refer to the Financial Year ended 30 April 2016. The ‘2016 harvest’ refers to the rice crop grown in FY16 and processed in the Corporate Governance Statement 47 Financial Year ended 30 April 2017. 1 SUNRICE OVERVIEW SunRice is one of Australia’s largest When combined, SunRice’s Rice Pool MISSION branded food exporters, with over Business and its Profit Businesses 30 major recognised brands in deliver complementary benefits to With our roots in Australia’s approximately 48 countries around both sets of shareholders, which food bowl, we are trusted to the world.
    [Show full text]
  • Sunrice Annual Report 2021
    Annual Report 2021 About This Report 2021 reports portfolio Contents The SunRice Group seeks to continuously improve the way we • Annual Report – provides information on SunRice, communicate long-term sustainable value to A and B Class including governance, strategy, key risks, financial and shareholders and other important stakeholders. From FY2020, we non-financial performance and outlook, and includes the integrated our financial and non-financial reporting to provide Annual Directors’ Report and Annual Financial Report. information on all aspects of our performance in one report, the www.sunrice.com.au/annual-reports 2 4 6 8 10 Annual Report, supported where required by supplementary • Interim (Half Yearly) Financial Report – provides FY2021 Chairman’s CEO’s About Our Brands information (see 2021 reports portfolio). information on SunRice’s half-yearly financial and Highlights Report Report SunRice and Products non-financial performance and outlook. www.sunrice.com.au/financial-reports Reporting boundary and period • Corporate Governance Statement – provides an online SunRice’s Annual Report covers Ricegrowers Limited ABN 55 007 overview of our policies, procedures and practices to 481 156 and its controlled entities. Unless otherwise stated, all ensure application of the ASX Corporate Governance disclosures in the Annual Report relate to the Financial Year ended Principles and Recommendations (4th Edition). 30 April 2021 (FY2021). In this report, ‘the year’, ‘this year’, ‘crop 12 14 16 26 28 www.sunrice.com.au/corporate-governance Our Strategy Our Strategy Our Financial Our Outlook Our Approach year 2020’ and ‘CY20’ all refer to FY2021. The ‘2021 harvest’, ‘crop year 2021’ and ‘CY21’ all refer to the rice crop harvested in 2021, in Action Performance to Sustainability which will be processed and marketed in the Financial Year ending Other reports and information and Position 30 April 2022 (FY2022).
    [Show full text]
  • Ricegrowers Ltd (Sunrice)
    Information paper Ricegrowers Ltd (SunRice) Quality Income from Branded Products FMCG/Agriculture Ricegrowers (ASX: SGLLV) trades as SunRice – the company’s main brand, which is ubiquitous in supermarkets. SunRice is a global fast-moving consumer 26th November 2019 goods (FMCG) business and one of Australia’s largest branded food exporters with more than 30 brands across 50 countries. Built by Australian rice growers, Share details SunRice today generates almost $1.2bn in sales and owns operations and ASX Code SGLLV assets spanning Australia, the Middle East, the US, Papua New Guinea, the Share price $3.80 Pacific and Asia. SunRice is a diversified business, responsible for the sale of Market Capitalisation $219.25M more than 90% of Australia’s crop; sourcing rice from its international supply chains to service a growing portfolio of brands, products and customers; and Shares on issue 59.7M adding value through rice-based branded products including rice cakes, pre- Net debt at 30/4/19 $109.55M packed rice meals, premium rice brands, microwave meals and flour. SunRice Free float 98% also has business segments focused on gourmet Mediterranean foods and food service supply and stockfeed production and companion animal feed nutrition. Share price performance (12 mths) SunRice has a track record of delivering on its strategic plan with intended expansion into adjacent food businesses being a key reason for its April 2019 ASX listing. A compco-derived sum of the parts valuation generates a through the cycle valuation of $11.44/share, notwithstanding the subdued outlook outlined at the August AGM. Note that this is not a target price but a valuation.
    [Show full text]
  • Sunrice Information Memorandum (Ricegrowers Limited)
    SUNRICE INFORMATION MEMORANDUM (RICEGROWERS LIMITED) ACN 007 481 156 This Information Memorandum has been prepared for the purposes of the listing of Ricegrowers Limited on the Australian Securities Exchange (ASX). Please note this is not a disclosure document and no offer of securities is being made pursuant to this document. If after reading this Information Memorandum in its entirety, you have any questions, whether about the Company, its Shares or otherwise, you should contact your independent professional adviser. In particular, you should consider the risks that could affect the financial performance of the SunRice Group (including the risks set out in Section 6) in detail before deciding whether or not to invest in the Company. March 2019 / Shareholder Information Line: 1300 554 474 / www.sunrice.com.au Ricegrowers Limited (trading as SunRice): ABN 55 007 481 156 – 1 – IMPORTANT NOTICES General • the words “include”, ASX and quotation of the B Information Memorandum, nor This Information Memorandum “including”, “for example”, Class Shares on ASX as soon as any other person, warrants or has been prepared by “such as” and similar practicable. guarantees the performance of expressions are not used as the Company or any other Group Ricegrowers Limited ACN 007 The fact that ASX may grant words of limitation and, when Member, the repayment of 481 156 (Company) and is approval for the Company to be introducing specific examples, capital by the Company, the dated 1 March 2019. This admitted and the B Class do not limit the meaning of the payment of a return on the Information Memorandum has Shares to be quoted on ASX words to which those examples Shares or the future value of the been prepared for the purposes should not be taken as an relate or examples of a similar Shares.
    [Show full text]
  • 2015 Annual Report
    Reaping the Rewards of Investment Annual Report 2015 SunRice Annual Report 2015 Report Annual SunRice sunrice.com.au Over the past three years, SunRice has successfully executed a strategy which has built capability and capacity for the business. As a result we are now better positioned than ever to deliver on our strategic goals and priorities. Our Goals – Maximise grower returns over the long term by optimising market, channel and varietal mix – Grow shareholder value and increase resilience of earnings by pursuing diversified and stable growth Our Priorities – Establish a secure and sustainable supply base – Expand sales of premium products and specialty rice varieties – Differentiate and build value in our consumer markets – Diversify earnings by accelerating growth of complementary businesses – Continue to pursue operational excellence 3 Contents About SunRice 6 Business Highlights 8 Chairman’s Message 10 CEO’s Message 12 SunRice Around the World 14 Our Operations 18 Our Growers 22 Our Subsidiaries 26 – Trukai Industries 28 – Riviana Foods 29 – SunFoods 30 – CopRice 31 Our Community and Environment 32 Our People and Performance 36 Board of Directors 40 Corporate Management Team 42 Subsidiary Company Heads 44 Corporate Governance Statement 45 Directors’ Report and Financial Report 54 Independent Audit Report to the Members of Ricegrowers Limited 121 Corporate Directory 123 SunRice’s Annual Report covers Ricegrowers Limited ABN 55007481156 and subsidiaries. The Report can be viewed or downloaded from SunRice’s website, www.sunrice.com.au. In this report, ‘the year’, ‘this year’, ‘2014/15’, ‘crop year 2014’, ‘C14’ all refer to the Financial Year ended 30 April 2015. The ‘2015 harvest’ refers to the rice crop grown in 2014/15 and processed in the Financial Year ended 30 April 2016.
    [Show full text]
  • Sunrice Ms Tenneti: Next Speaker for the Day Is Michael Heine, the Joint
    SunRice Ms Tenneti: Next speaker for the day is Michael Heine, the joint Managing Director of Netwealth Group Limited. If you could welcome Michael, thanks. Mr Heine: Good morning all. I think that's working, which is good news. I'm going to be speaking to you maybe as potential clients today, as well as investors, so I hope you find the presentation of interest today. I'm the joint Managing Director. I founded the company in 1999 and fortunately bred very well and my son is my joint Managing Director, through ability rather than breeding, probably better than his father, which is always a problem. It's actually a good thing. A couple of key things. Firstly, what does Netwealth do? We're a platform provider which doesn't give you a lot of information, but we're a technology based company providing investment and superannuation services. The services are available to individuals directly onto our platform, but the vast majority of our business in fact comes through financial advisers who use our platform to manage their clients. The platform provides services for superannuation as an alternative to, say, an industry super fund or a self-managed super fund and the superannuation fund allows investors to select their own investments, so very much like a self-managed super fund but we're APRA regulated and we do all the hard work, you don't have to do the work at all. We obviously have accumulation and pension, life insurance and regular contributions, et cetera. The same product exists but outside of super called the investment wrap, where funds that are either outside of the super spectrum or, alternatively, if you have a self- managed super fund, it's a very good product for you to manage.
    [Show full text]
  • 2020 Sustainability Snapshot
    2020 Sustainability Snapshot Making a Difference to the Sustainability of Places and Lives SUNRICE SUSTAINABILITY SNAPSHOT 2020 / A About This Report The SunRice Group continuously seeks to improve the way we Stakeholder engagement and materiality communicate long-term sustainable value to A and B Class shareholders and other important stakeholders. This year SunRice undertakes a materiality process to identify the issues we have integrated our financial and non-financial reporting that are significant to the business and to key stakeholders. to provide information on all aspects of our performance in The 2018 materiality assessment for FY2019 reporting included 26 one report, the Annual Report, supported where required by stakeholder interviews and a detailed documentary review. supplementary information (see Reports Portfolio). It identified stakeholders’ material topics which were considered This snapshot brings the sustainability pages of the Annual by senior management using the criteria of relevance, control, report with relevant supplementary information into one influence and impact for discussion in SunRice’s FY2019 reports document focused on communicating the sustainability portfolio. performance of SunRice for FY2020. During the FY2020 reporting period, SunRice undertook a detailed review of the material topics with the senior leaders of the Reporting boundary and period business. This process resulted in SunRice grouping the material topics under seven focus areas that the business can relate to SunRice’s Annual Report covers Ricegrowers Limited ABN and affect meaningful change in over time. For FY2020, these 55007481156 and its controlled entities. Unless otherwise stated, focus areas and approaches are described in Our Approach to all disclosures in this Sustainability Snapshot relate to the Sustainability on pages 13 - 22.
    [Show full text]
  • Sustainability Snapshot 2021
    Sustainability Snapshot 2021 Version 1 About This Report Contents The latest SunRice Sustainability Report is combined into our 2021 Annual Report. To make it easy to find the sustainability Stakeholder engagement and materiality information in one place, we have assembled relevant sections as SunRice undertakes both a formal materiality process to well as our sustainability performance data and GRI Index into this identify the issues that are significant to the business and to key Sustainability Snapshot. stakeholders, as well as informal engagement throughout the 2 4 6 8 10 year, through a variety of channels in order to respond to our FY2021 About Our Brands Our Strategy Our Strategy stakeholders’ insights. SunRice’s material topics are discussed in Highlights SunRice and Products in Action Reporting boundary and period the SunRice Stakeholder Engagement Statement at www.sunrice. SunRice’s Annual Report covers Ricegrowers Limited ABN 55 007 com.au/sustainability-reports. In FY2021, as part of our approach 481 156 and its controlled entities. Unless otherwise stated, all to sustainability, SunRice identified six priorities that address these disclosures in the Annual Report relate to the Financial Year ended material topics and provide a framework for the Group’s response. 30 April 2021 (FY2021). In this report, ‘the year’, ‘this year’, ‘crop These priorities and related ambitions and actions are described year 2020’ and ‘CY20’ all refer to FY2021. The ‘2021 harvest’, ‘crop in Our Approach to Sustainability on pages 28 – 39. 12 24 26 28 36 year 2021’ and ‘CY21’ all refer to the rice crop harvested in 2021, Our Approach Our Growers Our People Our GRI Index which will be processed and marketed in the Financial Year ending 2021 reports portfolio to Sustainability Sustainability 30 April 2022 (FY2022).
    [Show full text]
  • 2020 Annual Report
    2020 Annual Report SUNRICE ANNUAL REPORT 2020 / A About This Report The SunRice Group continuously seeks to improve the way we topics under seven focus areas that the business can relate to communicate long-term sustainable value to A and B Class and affect meaningful change in over time. For FY2020, these shareholders and other important stakeholders. This year focus areas and approaches are described in Our Approach to we have integrated our financial and non-financial reporting Sustainability on pages 27 - 38. Material topics are also discussed to provide information on all aspects of our performance in in the Our Approach to Risk section of this report on pages 39 - 44 one report, the Annual Report, supported where required by and in the SunRice Stakeholder Engagement Statement Contents supplementary information (see Reports Portfolio). www.sunrice.com.au/sustainability-reports. Reporting boundary and period 2020 reports portfolio SunRice’s Annual Report covers Ricegrowers Limited ABN • Annual Report – provides information on SunRice, including 55007481156 and its controlled entities. Unless otherwise stated governance, strategy, key risks, financial and non-financial all disclosures in the Annual Report relate to the Financial Year performance, and includes the Annual Directors’ Report ended 30 April 2020 (FY2020). In this report, ‘the year’, ‘this year’, and Annual Financial Report. www.sunrice.com.au/annual- ‘crop year 2019’ and ‘CY19’ all refer to FY2020. The ‘2020 harvest’, reports 3 15 49 ‘crop year 2020’ and ‘CY20’ all refer to the rice crop harvested in • Interim (Half Yearly) Financial Report – provides Chairman’s Our Brands Corporate 2020, which will be processed and marketed in the Financial Year information on SunRice’s half-yearly financial and non- Report and Products Governance ending 30 April 2021 (FY2021).
    [Show full text]
  • Cooperative Research Centre for Sustainable Rice Production
    COOPERATIVE RESEARCH CENTRE FOR SUSTAINABLE RICE PRODUCTION ANNUAL REPORT 2004/2005 Established and supported under the Australian Government’s Cooperative Research Centres Program PART C A brief snapshot of achievements within Program 4 during the life of the Rice CRC A unique feature of the rice industry in Australia is its level of vertical integration and the importance of the processing sector in creating value for the communities. Program 4 was successful in creating new opportunities at many levels of the processing (post farm gate) sector. Highlights included: 9 Development of an improved receival system that better met industry requirements in measurement of trash, moisture and allowed some analysis of grain quality for specific markets. 9 Development of some in-line processing control systems to control milling quality and analyse product quality. 9 Development of improved drying procedures to minimise the cost of drying while maximising quality of the dried rice. 9 Development of improved quality assurance procedures across the processing sector. 9 Development of improved pest control techniques, particularly for replacements for methyl bromide. 9 Development of improved mineral enrichment techniques. 9 Improved understanding of the properties of rice flour from different cultivars. 9 Development of new quick cooking and retort rice products. 65 PROGRAM 4 PRODUCT AND PROCESS DEVELOPMENT Program Leader: Mr David Welch SunRice Sydney The final year of the CRC has seen much of the Program 4 research work, including that from earlier years, reach maturity in its application by industry or enter into commercialisation. Aspects of technology developed with CRC research such as grain drying techniques now sit as standard practice in the industry, with SunRice recognised as a renowned leader in this aspect of grains handling.
    [Show full text]