All of our return-on-investment outcomes were positive in 2005/06. Revenue per dollar of fixed assets rose slightly
from 3.06 to 3.10.

Capital investment (including business acquisitions) of $238.5 million exceeded the annual depreciation charge of $168.9 million. Profit after tax increased by 7.8 per cent to $367.9 million ($341.3 million last year). Return on average operating assets was 18.7 per cent, well above the comparable weighted average cost of capital of 9.5 per cent.

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