In September 2007, we acquired Australian Vinyls (AV), a leading supplier and manufacturer of polyvinyl chloride (PVC or vinyl) resins and wood-plastic composite products located in Victoria. The business also supplies specialty chemicals for the plastics industry and caustic soda to a variety of downstream manufacturing industries.

AV’s results are being included in this report for the first time. AV data included in this year’s report is for the full financial year 2007/2008 including the period before the business was acquired by CSBP. National Pollutant Inventory (NPI) data is for the previous financial year and LTI data for AV is included from the time of acquisition.

CSBP in the context of this report refers to all of our operations, including AV. Where required, this will be qualified to specify if we are referring to our Western Australian operations exclusive of AV, or to our AV operations in Victoria exclusive of our Western Australian operations.

ModWood, a subsidiary of AV that produces wood-plastic composite products at its Campbellfield plant in Victoria, will be referred to specifically where relevant, but otherwise is to be read as being part of AV.

The operations of our 75 per cent-owned sodium cyanide joint venture, Australian Gold Reagents Pty Ltd (AGR) are included in the report, but Queensland Nitrates Pty Ltd, a CSBP/Dyno Nobel Asia Pacific joint venture, is not included because we do not operate this business.

As at 30 June 2008 CSBP employed 788 people, excluding contractors and other indirect employees.

CSBP’s main chemical products include ammonia, ammonium nitrate, sodium cyanide, sodium hypochlorite, caustic soda and, through the recent addition of AV, vinyl resin and wood-plastic composite products.

CSBP also manufactures, imports and distributes an extensive range of phosphate, nitrogen and potassium fertilisers, in blended and liquid form.