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NOTE 33: FINANCIAL INSTRUMENTS
Contingent liabilities at balance date not provided for in these financial statements:
CONSOLIDATED PARENT ENTITY
31 JULY 08 31 JULY 07 31 JULY 08 31 JULY 07
$000 $000 $000 $000
Bank guarantees issued in the ordinary
course of business 16,971 14,401 10,824 9,888
The Directors do not anticipate that any of the bank guarantees issued on behalf of the Group will be called upon.
Members of the economic entity are parties to various legal actions against them that are not provided for in the financial
statements. These actions are being defended and the directors do not anticipate that any of these actions will result in material
adverse consequences for the Company or the Consolidated Entity.
NOTE 34: CAPITAL AND LEASING EXPENDITURE COMMITMENTS
Capital projects contracted for but not provided for at balance date:
Payable not later than one year 17,043 20,580 - -
The capital commitments relate to contracts to supply or construct buildings or various items of plant and equipment for use in
the building products segment of the business.
Operating lease commitments
Non-cancellable operating leases contracted for
but not capitalised in the financial statements 10,780 11,484 - -
Payable
- not later than one year 3,095 4,200 - -
- later than one year but not later than five years 6,273 7,284 - -
- later than five years 1,412 - - -
10,780 11,484 - -
Operating leases are for the rental of land (used for sales and display centres), manufacturing equipment and motor vehicles.
The leases are non-cancellable with rent payable monthly in advance.
Leases for properties are on terms of between 3 and 10 years, with renewal options of similar lengths. Some of the operating
leases contain contingent rental provisions that state the minimum lease payments shall be increased by the higher of CPI or a
given percentage per annum. The highest such percentage increase is 5%.
NOTE 35: EMPLOYEE SHARE PLANS
(a) Salary sacrifice arrangements
Brickworks Ltd has an employee share ownership plan, which allows all employees who have achieved 3 months service with
the Group to purchase Brickworks Ltd shares, using their own funds plus a contribution of up to $500 from the Company. All
shares are fully paid ordinary shares, purchased on-market under an independent trust deed, thereby not causing any dilution
to existing shareholders.
At 31 July 2008, the Brickworks Employee Share Plans had 469 members taking part who owned a combined 817,744 shares
or 0.62% of issued ordinary capital (2007 591 members, 730,578 shares, 0.55%). This represented shares purchased under
the salary sacrifice arrangements described above, as well as shares held as part of the Brickworks equity based compensation
plans shown below.
(b) Equity-based compensation plans
The following table shows the number of fully paid ordinary shares held by the Brickworks Deferred Employee Share Plan that
had been granted as remuneration. This table does not include any shares held in the plan that were purchased by the employee
under the salary sacrifice arrangements described above.

 

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