1、Building Australia for over 100 yearsANNUAL REPORT 2021Big River Industries Limited ABN 72 609 901 377Annual Report for the year ended 30 June 2021Big River Industries Limited ABN 72 609 901 3774 Directors Report18 Auditors Independence Declaration19 Statement of Profit or Loss and Other Comprehensi
2、ve Income20 Statement of Financial Position21 Statement of Changes in Equity22 Statement of Cash Flows23 Notes to the Financial Statements62 Directors Declaration63 Independent Auditors Report to the Members of Big River Industries Limited67 Shareholder Information69 Corporate Directory70 Branch Net
3、workWith an operating history of approximately 100 years,Big River has established itself as a diverse manufacturer and distributor of timber and building products.Contents1 Annual Report 2021 Big River Industries LimitedChairman and Managing Directors ReportBig River achieved solid growth during FY
4、2021,with an improvement in the construction cycle resulting in an increase in the Companys addressable market for the first time in three years.This assisted in driving 13%revenue growth to$281m,as did the early contribution from the Timberwood Panels(TWP)acquisition that was completed in late Marc
5、h 2021.Pleasingly,and in spite of COVID-19 disruptions,the growth was broad based across the majority of the Companys product categories and regions,again highlighting the more favourable industry dynamics.The revenue growth achieved flowed through to considerable improvements in the key underlying
6、profitability measures,with Operating EBITDA increasing 30%to$22.5m,Operating EBIT improving 47%to$13.1m and NPAT(before significant items)increasing 68%on the prior period.Statutory results however,were impacted by the recognition of the pending closure of the Wagga Wagga manufacturing site.Due to