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Cover
Contents
Key Points
About Wattyl
Chairman's Report
Managing Director's Report
Finance Report
Review of Operations
Our People
Board of Directors
Corporate Governance
Directors' Report
    Remuneration Report
Auditor's Independence Declaration
Financial Statements
    Income Statements
    Balance Sheets
    Statements of Recognised Income and Expense
    Cash Flow Statements
Notes to the Financial Statements
Directors' Declaration
Independent Auditor's Report
Stock Exchange and Listing Requirements
Shareholder Communications
Group Results - Five Year Summary
Corporate Directory
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review of operations
key points
• Sales down by 0.5%, reflecting
— Continued subdued market
conditions
— Challenging competitive
environment
• Favourable price/mix variance driven
by internal productivity efficiencies
• Overall volume in line with last year,
however:
— A&D volume down by 1%, market
share loss from reduced retail sales
— Industrial volume increased by 5.2%
• Underlying EBIT down by 21%,
adversely impacted by
— Inflationary cost pressures
— Charges associated with
anticipated stock return from two
corporate retailers of $1.8 million
wattyl make a difference
in australia
brands
wattyl • Interior Design (i.d) • Estapol • Killrust • Solagard
pascol
granosite
solver • Maxi Wash • Duraguard
competitive environment
• Increased competitive activities
• Corporate retailer commencing
withdrawal from paint sector
• Planned import of A&D paint in FY09
by a major corporate retailer
outlook
• Recovery in housing market now
forecast in FY2011
• Challenging trading conditions for
the next 12 months
• Uncertain economic environment
• Changing competitive dynamic
• Increased input costs driven by
higher oil and packaging costs

02 03 04 05 06 07 08
354.0
382.9
387.4
365.7
370.8
373.2
371.4
02 03 04 05 06 07 08
AGAAP AIFRS
30.0
33.9
31.4
11.7
14.2
25.6
20.2
before non-recurring items
sales (A$m) EBIT (A$m)

 

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