ACTIVITIES
Wespine - 50 per cent interest in a softwood mill at Dardanup, Western Australia
Gresham - 50 per cent interest in the investment bank, Gresham Partners; plus interests in Gresham’s private equity funds
Bunnings Warehouse Property Trust - 22.6 per cent interest in the property trust which mainly owns Bunnings Warehouses tenanted by Bunnings Group Limited
YEAR IN BRIEF
Wespine - Earnings down 15.9 per cent
Completed project to improve yields and quality
Commenced project to expand production capacity
Gresham - Earnings of $2.5 million pre-tax
One divestment and one acquisition made by Gresham’s private equity funds
Bunnings Warehouse Property Trust - 36.3 per cent increase in pre-tax contribution
FUTURE DIRECTIONS
Wespine - Complete project to expand production capacity
Gresham - Divestment of remaining assets of Private Equity Fund 1 over next few years; new investments by Private Equity Fund 2
Bunnings Warehouse Property Trust - Acquire additional properties
