2010 Annual Report

2010
ANNUAL REPORT
over 90% of
our products are
exported to over
100 countries.
we strive for
excellence in
quality and
service.
contents
SDI Limited and controlled entities
ABN 27 008 075 581
Chairman and Managing Directors Report 2

Financial Charts 4
Directors Report 7
Auditors Independence Declaration 15
Independent Auditors Report 16
Statement of Comprehensive Income 18
Statement of Financial Position 19
Statement of Changes in Equity 20 A
Statement of Cash Flows 22 n
n
Notes to Financial Statements 23 u
Directors Declaration 56 a
l
ASX Additional information 57
Corporate Governance Statement 58 R
e
Corporate Directory 65 p
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Chairman and Managing
Director’s Report
The 2010 financial year has been another year of improvement for SDI. The
results show a positive trend achieved in a difficult global environment and
with unfavourable exchange rates for exporters. The Board of Directors
believe that the 11.2% increase in after tax profits was a satisfactory
result considering the above.
Net profit after tax increased by $0.4m to $3.47m (2009: $3.12m) for the
12 months ending 30 June 2010. The result for the 2009 year included a
A once off $0.26m profit from the sale of a building and when allowing for
n this, the actual net profit after tax for 2010 had increased by 21%.
n
u Earnings before interest and tax (EBIT) decreased by $0.6m to $4.9m (2009:
a $5.6m). This reduction was predominately caused by the movement in
l foreign currency exchange rates. The Company reported a net currency
R loss of $0.4m for the period ending 30 June 2010 compared to a net
e currency gain of $1.1m for the same period last year.
p
o Earnings per share for the 12 months ending 30 June 2010 were 2.9 cents
r compared to 2.6 cents for the corresponding period last year.
t
Sales in Australian Dollars were $53.1m, down 5.9% on the prior year
2 of $56.4m. SDI exports 91% of its products and when comparing in like
0 foreign currency exchange rates to the previous year, sales increased by
1 5.7%.
0
Australian sales (including Australian direct export sales but excluding
intercompany sales) were down 1.7%. However, when adjusted for the
currency movements in export sales, sales increased by 7.2%. In local
currencies, sales in North America were up 5.4%, Brazil was down by
9.3%, and Europe was up by 11.1%.
2 //
Operating expenses in Australian Dollars decreased by 4.2% compared
to last year. Approximately 59% of SDI’s total operating expenses relate
to its offshore subsidiaries and are subject to currency movements
when reported in Australian Dollars. In local currencies, North American
expenses were up by 4.1%, Brazil was up by 2.7%, Europe was up by
4.2% and Australian expenses were up by 6.1%. Excluding the increase
in R & D expenditure, Australian expenses were 2.4% down on last year.
The Company increased its total cash holdings by $0.97m in the period as A
well as reducing debt by $2.2m. The Company is committed to continuing n
n
to reduce its debt levels by at least $1.0m per annum.
u
The Company is now well placed for continued improvement with its a
enhanced product range and extensive global distribution system. The
l
Company exports to approximately 100 countries in the world. Its product R
range of restoratives, adhesives, tooth whitening, and equipment is now e
further strengthened by its Glass Ionomer system, Riva, which is beginning p
to be recognised in the global market. o
r
As a result of the continuing improvement in the Company’s operating t
performance and cash flow, the Directors have declared a final fully
2
franked dividend of 0.4 cents per share, an increase of 0.1 cent per share
0
on the previous financial year. 1
In conclusion, the Board of Directors would like to thank the management 0
and staff of the Group for their support and effort throughout the year.
John Norman Isaac Jeffery Cheetham

Chairman Managing Director
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Financial Charts
8.0
Sales ($m)
60.0 7.0
55.0
6.0
50.0
5.0
45.0
4.0
40.0
3.0
35.0
2.0
30.0
June June June June June 1.0
2006 2007 2008 2009 2010
0.0
EPS (Cents)
8.0 EPS (Cents)
s ($m)
8.0
s ($m) 7.0
7.0
6.0
6.0 12.0
5.0
SDI - KPIs
5.0
4.0 10.0
2006 2007 2008 2009 2010
June June June June June
4.0
Depr 3.0
& Amort ($m) 1.5 1.8 2.0 2.2 2.2 8.0
A
Interest
3.0 ($m) 1.0 0.9 1.1 1.0 0.5
n 2.0
Tax ($m) 1.3 1.6 0.4 1.5 0.9 6.0
n
NPBT2.0($m) 6.4 5.6 1.5 4.6 4.4
une u June June 1.0
NPAT ($m) 5.1 4.1 1.1 3.1 3.5
008
ne
a 2009
June
2010
June 1.0
4.0
l Equity ($m)
0.0 30.4 34.1 34.8 38.3 40.7
08 2009 2010 June June 8.1 June8.6
ROE % 16.8 June 12.0 June 3.2 2.0
0.0
2006 2007 2008 2009 2010
R June June June June June
2006 2007 2008 2009 2010
e 0.0
p
o
r EBIT ($m)
t 12.0 EBIT ($m)
Is 12.0
2 10.0
s
0
2008
June
2009
June
2010
June
1.8
10.0
1
2008 2009 2010
2.0
June 2.2
June 2.2
June 8.0 1.6
0 EBITDA ($m)
1.1
2.0 1.0
2.2 0.5
2.2 8.0
14.0 1.4
0.4
1.1 1.5
1.0 0.9
0.5 6.0
1.5
0.4 4.6
1.5 4.4
0.9 12.0 1.2
6.0
1.1
1.5 3.1
4.6 3.5
4.4 4.0
10.0 1.0
34.8
1.1 38.3
3.1 40.7
3.5 4.0
3.2
34.8 8.1
38.3 8.6
40.7 8.0
2.0 0.8
3.2 8.1 8.6 2.0
6.0 0.6
0.0
4.0 0.4
0.0 June June June June June
2006 2007 2008 2009 2010
2.0 June June June June June 0.2
4 // 2006 2007 2008 2009 2010
0.0 0.0
6 2.0 June June June
2006 2007 2008
0.0
2006 2007 2008 2009 2010
EBIT
12.0
SDI - DPS
KPIs(Cents)
10.0
1.8 2006 2007 2008 2009 2010
Depr 1.6
& Amort ($m) 1.5 1.8 2.0 2.2 2.2 8.0
Interest ($m) 1.0 0.9 1.1 1.0 0.5
1.4
Tax ($m) 1.3 1.6 0.4 1.5 0.9 6.0
NPBT1.2
($m) 6.4 5.6 1.5 4.6 4.4
NPAT ($m) 5.1 4.1 1.1 3.1 3.5 4.0
1.0
Equity ($m) 30.4 34.1 34.8 38.3 40.7
ROE %0.8 16.8 12.0 3.2 8.1 8.6 2.0
0.6
0.0
0.4
June June June
0.2 2006 2007 2008
E
0.0 8.0
June June Sales
June ($m) June June
60.0 2006 2007 2008 2009 2010
7.0 DPS (C
55.0 1.8
6.0
1.6
50.0 EBITDA ($m)
5.0
14.0 1.4
45.0
4.0
12.0 1.2
40.0
10.0 1.0 3.0
35.0 A
8.0 0.8 2.0
30.0
n
6.0
0.6
1.0 n
4.0 2006 2007 2008 2009 2010 0.4
u
0.0 a
June June
2.0 0.2 l
2006 2007
0.0 0.0
June June June June June June June R June
2006 2007 2008 2009 2010 2006 2007 e 2008
p
o E
12.0 r
SDI - KPIs
t
10.0
2006 2007 2008 2009 2010 2
0
Depr & Amort ($m) 1.5 1.8 2.0 2.2 2.2 8.0
1
Interest ($m) 1.0 0.9 1.1 1.0 0.5
0
Tax ($m) 1.3 1.6 0.4 1.5 0.9 6.0
NPBT ($m) 6.4 5.6 1.5 4.6 4.4
NPAT ($m) 5.1 4.1 1.1 3.1 3.5 4.0
Equity ($m) 30.4 34.1 34.8 38.3 40.7
ROE % 16.8 12.0 3.2 8.1 8.6 2.0
0.0
June June
2006 2007
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
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


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 A
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

n
 u
 a

 l


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R
 e
 p

 o
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 t


 2

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  
  
  
  
  
  
  
  
  
  
  
  





  
  
  
  
  
  
  



  
  
  
  
  
  
  

A 
n 
  
n   
u   
a
  
l   
  
R   

e   
p 
  
o
r   
t   
  
  
2   
0 

1 
0   
  
  
  
  
  
  
  
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 
8 //

  

  
  
  
  
  
  
  
  
  
  
  








 
 
 
 
 
 
 
 
 
 
 
 



A
 n
 n

 u
 a


l

 R

 e
 p


o
 r
 t


 2


0
 1
 0






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



     
      

     
     
     
     
     
A
n
     
n 
u      
a 
l      
R      

e
     
p 
o
     
r 
t 


2 
0 

1 
0 



 
10 //









 
  
     

 
    
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         

         



 A

 
n
   n
      u


  a
   
          l
         
         
         
R
         
e
         
p
         
o
         
r
         
t
         
2
         
0
          1
         
0
         
         
         
         




 
// 11


















    

     
     
     
     
     
     
     
     
     


     
     
     
     
     
     
A
     
n
n      
u 

a
l 



 




     
R      
e      
p      
o      
r      

     
t 

2      
0      

     
1
     
0
     
     
     
     







12 //  




      


   
       
        
        
        

        

        
        
        
        
        
       


        

   
       
        
        
        

        

        
        
        
        
        
       


A
 n
 n

 u
a
l
R
e
p
o
r
t
2
0
1
0
 // 13
 
 
 
 
 
 
 
   


  
    
    

 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
     
 
 
 
   





    

 
  
A 

n 
   
n   
   
u    
a    
l  
   
   
R    

e 




 
p  
o  
 
r  
t  


2 
0 
1 
 
0 

 

 









 
14 //
Deloitte Touche Tohmatsu
ABN 74 490 121 060
550 Bourke Street

Melbourne VIC 3000
GPO Box 78
Melbourne VIC 3001 Australia
DX: 111
Tel: +61 (0) 3 9671 7000
Fax: +61 (0) 3 9671 7001
www.deloitte.com.au
The Board of Directors
SDI Limited
5 – 9 Brunsdon Street
BAYSWATER VIC 3153
29 September 2010
Dear Board Members,
SDI Limited
In accordance with section 307C of the Corporations Act 2001,, I am pleased to provide the following
declaration of independence to the directors of SDI Limited.
As lead audit partner for the audit of the financial statements of SDI Limited for the financial year ended
30 June 2010,, I declare that to the best
best of my knowledge and belief, there have been no contraventions of:
(i) the auditor independence requirements of the Corporations Act 2001 in relation to the audit; and
(ii) any applicable code of professional conduct in relation to the audit.

A
n
Yours sincerely, n
u
a
l
DELOITTE TOUCHE TOHMATSU
R
e
p
o
r
Robert D D Collie t
Partner
Chartered Accountants 2
0
1
0
Liability limited by a scheme approved under Professional Standards Legislation.
Member of Deloitte Touche Tohmatsu
// 15
ABN 74 490 121 060
550 Bourke Street

Melbourne VIC 3000
GPO Box 78
Melbourne VIC 3001 Australia
DX: 111
Tel: +61 (0) 3 9671 7000
Fax: +61 (0) 3 9671 7001
www.deloitte.com.au
Independent Auditor’s Report to the members of SDI Limited
We have audited the accompanying financial report of SDI Limited, which comprises the statement of
financial position as at 30 June 2010, and the statement of comprehensive income, the statement of cash flows
and the statement of changes in equity for the year ended on that date, notes comprising a summary of
significant accounting policies and other explanatory information, and the directors’ declaration of the
consolidated entity comprising the company and the entities it controlled at the year’s end or from time to time
during the financial year as set out on pages 18 to 56.
Directors’ Responsibility for the Financial Report
The directors of the company are responsible for the preparation and fair presentation of the financial report in
accordance with Australian Accounting Standards (including the Australian Accounting Interpretations) and
the Corporations Act 2001. This responsibility includes establishing and maintaining internal control relevant
to the preparation and fair presentation of the financial report that is free from material misstatement, whether
due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates
that are reasonable in the circumstances. In Note 1, the directors also state, in accordance with Accounting
A Standard AASB 101 Presentation of Financial Statements, that compliance with the Australian equivalents to
n International Financial Reporting Standards ensures that the financial report, comprising the financial
n statements and notes, complies with International Financial Reporting Standards.
u
a Auditor’s Responsibility
l
Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit
in accordance with Australian Auditing Standards. These Auditing Standards require that we comply with
R relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable
e assurance whether the financial report is free from material misstatement.
p
o An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
r financial report. The procedures selected depend on the auditor’s judgement, including the assessment of the
t risks of material misstatement of the financial report, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of
the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the
2 purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes
0 evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates
1 made by the directors, as well as evaluating the overall presentation of the financial report.
0
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
Liability limited by a scheme approved under Professional Standards Legislation.
Member of Deloitte Touche Tohmatsu
16 //
Auditor’s Independence Declaration
In conducting our audit, we have complied with the independence requirements of the Corporations Act 2001.
2001
Auditor’s Opinion
In our opinion:
(a) the financial report of SDI Limited is in accordance with the Corporations Act 2001,, including:
(i) giving a true and fair view of the company’s and consolidated entity’s financial position as at 30 June
2010 and of their performance for the year ended on that date; and
(ii) complying with Australian Accounting Standards (including the Australian Accounting
Interpretations) and the Corporations Regulations 2001;
2001 and
(b) the financial report also complies with International Financial Reporting Standards as disclosed in Note 1.
Report on the Remuneration Report
We have audited the Remuneration Report included in pages 9 to 13 of the directors’ report for the year ended
30 June 2010.. The directors of the company are responsible for the preparation and presentation of the
Remuneration Report in accordance with section 300A of the Corporations Act 2001.. Our responsibility is to
express an opinion on the Remuneration Report, based on our audit conducted in accordance with Australian
Auditing Standards.
Auditor’s Opinion
In our opinion the Remuneration Report of SDI Limited for the year ended 30 June 2010,
2010 complies with
section 300A of the Corporations Act 2001.
2001
A
n
n
u
a
l
DELOITTE TOUCHE TOHMATSU
R
e
p
o
r
t
Robert D D Collie
Partner 2
Chartered Accountants 0
Melbourne, 29 September 2010
1
0
// 17
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
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


  
    

     
     
     
     
     
     
     
     
     
     
     
     
     

     
     
     
     
     
A      
n      
n
     
u
a      
l      
     
R 

e 
p 
o
r
t
2
0
1
0

18 //  






 

   

     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
A
     
n
      n
      u
      a
      l
     
      R
      e
      p
      o
      r
      t
     
      2
     
0
      1
      0
     
     
     
     
     
     
     



 
// 19








 
    
       
       
       

 

       

      

       
       
       
       

 

       

      

A        
n
n        
u        
a
l        
  
R

e
p
o
r
t
2
0
1
0
20 //

 








  
    
       
       
       

      

       

      

       
       
       
       

  

       

      

       

A
        n
n
       
u
        a
l

      
 R
 e

p
o
r
t
2
0
1
0

  // 21







  
   
    

     
     
     
     
     
     
     
     
     
     
     
     
     
     

A
     
n
n      
u
a      
l      
R      

e      
p
o      
r      
t
     
2
     
0
1      
0 
    

     
     





22 // 





























• 
• 



• 

• 




 A
 n

  
n
  u
   a

 l
  
 R

   e
 p

  
o
 r
 t

  
 2
 0
  
 1
 0
  
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 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

















A  

n 


n 


u 


a  
l  


 
R 


e 


p 

o 


r 


t 





2 

0 


1 


0 

















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
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


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
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24 //  
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 
 
  
  
  
  
  
 


 
 
 
 
 
 
 
 
 
 
 
 
  
  
 
  
  
 
 
 
 
 
 
 
 
 
 
  
 
 
 
  A


  n

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

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 
 
 
 
 
 
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 
 
 
 
 
 
 
 
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
A  
 
n  
n  
 
u  
a  
l  
 
 
R  

e 
 
p  
o  
 
r  
t  
 
 
2  
0  
 
1  
0  
  
 

 

  
  
 
  
 
 
  
 
 

26 //  



 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  A
  n
 
  n
  u
  a
 
  l
 
  R
 
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


 
    
      
      

      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
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
  
    
    
       
     
       
       
       
       
       
       
       
       
       
       
       
       
       
       

       

       
       
       
 
    
  
      

       A

       
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
     
       
      
       
 
       
       
       
       
       
       


       

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      
       
A      

n 
n 
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30 //  



 
 

   
  

   

    
    
    
    

 
 

 
 
    

      
      
      
      
      
      
      
      
     
 
      
      
      
      
      
      
      A

n
      
 n
    
u
       a
       l
      
      
      
R
       e
       p
       o
 r
      
      
t
      
       2
       0
       1
       0
      







 
// 31





       
 
 
   
       
         
         
        
 
        

 
         
         
         
         
         
         

         
 
   
       
         
         
        
 
        

 
         
         
         
A          
        
n 
       
n  

u  
a 
l 


R 

e 
p    
o    
r      
     
t
     
     
2      
0      
1 
0 


32 //  


     
   
   
     
     
     
     

     
     
   




    


     
     




    
  
 
    

    
    
    
    
    

    
     A

    
n
 n
 u
      a
   
l
   
     
      R
      e
      p
      o
 r
     
t
     
     
2
     
 0
1
0

  // 33


     
   
   
     
     
     
     
     
     
     
     
     
     
     
     










     
   
   
     
     
     
     
     

A 

n 
n 

u
     
a    
l    
     
R      
e      
p      
     
o
     
r
     
t 

2      
   
0
   
1      
0      
     
     










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34 //  

   
  
   
   
   
   
   
   
   
   
   
   

   

A
n
n
u
a
l
R
e
p
o
r
t
2
0
1
0

 
// 35


     
   
   
     
     
     
     
     
     
     
     
     
     
     
     







 
  
   
   
   
   
   
   
   
   
   
   
A    
n    
n    
u    
a    
l  
  
   
R    
e    
p    
o    
r    
t    
   
   
2
   
0    
1    
0    
   

36 //  


    
  
   
    
    
    
    
    
    
    
    
    
    

  
  
   
   
   
   
   

   
   
   
   
   
   

   
   
   
   

A
 n
 n

   u
     a
   

l

 R

 e
 p
 o

 r
 t


 2
 0

 1
     0
  
   
    
    
    
    
    
    
    


// 37



     
   
   
     
     
     
     
     
     






     
   
   
     
     
     
     
     
     
     
     
     
     
     
     
     
 
      
A        
n       
n        
u      

a  
l      
       
R        
e        
p      

o 
r 
t 


2 

0
1
0

38 //  


     
   
     
   
      
      
      
     
      
     
      
     
      
      
      
      
     
      
 
      
      
      
      
      
      
      
      
      
      
     
      
       A
       n
      n
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  // 39


     
   
     
   
     
     
      
      
      
     
     
      
      
      
      
     
     
     
      
      
      
      
     

    

    
     





A 

n 
n 

u   

a    
l      
   

R    
     
e

p    
o      
r    
 
t     

    
2      
0  
   
1  
   
0      
     
   
     
     
     
     
     
     

 
40 //


 






































 A

 n
 n
 u

 a
 l


 R
 e


p
 o
 r
t
2
0
1
0
 // 41
 



   
     
    
     
     
     
     
     
     
     
     
     
     















     
     

     
     
     
     
A      
n      
n 

u 
a 
l      
     
     
R
     
e
     
p
     
o
     
r      
t      
     
2 
0
1
0

42 //  





























     
      
       
      

       
       
       
       
       
        A
        n
        n
 u
       
a
        l
       
        R
        e
        p
       
o
r
       
t
       
        2
        0
        1
        0
       
       
       

       


       

       

  // 43




     

      
       
      

       
       
       
       
       
       
       
       

       
       
       
       
       
       
       
       
       
       
       
       
A
n        
n        
u        
a        
l 
       
R 

e        
p 
o        
r 

t 

2 
0
1
0

44 //  


    
  
   
    

    
    
    
    
    
     
     
     
     
     
     
    

    
 
    
     
     
     
     
     
     
     
     
     
     
    
    
A
    

n
     n
     u
     a
     l
    
     R
     e
    
p
    
 o
 r


t
    
     2
     0
     1
     0
    










  // 45














  
    

   
       
       
        
        
        

        
        
        






   


   
   

A    
n 

n    
u    
a

l 

R 

e 
p 

o
r
t
2
0
1
0

46 //  












  
   
    
    

    


    
    

    
    
      

      
    
    

   
      
      
     

      

 A
 n
n
 u
 a
l

 R
e
 p
 o
r
 t

2
 0
 1
0








  // 47






































   
     

A
   
n
n  
u       
a       
l
 
R       
e       

p 

o 
r 
t 


2 

0 
1 
0 













48 //  















     
     
     
     
     



     
     
     
     

 A
      n
n
     
u
     
a
l
     
R
 e
 p

     
o
r
      t
      2

0
      1
0



  
  
  
  
  




 // 49
 














  
    

   
    
     
     
    
     
     
    









A 
n 
n      

u 
a 

l 

R 

e 
p 
  
o
   
r     
t     
    
2     
0     
1     
0     

    
    




50 //  


























   
    
   

  
    
    
   
    
    
   
    

A
n
    
n
    u
     a
 l


 R
 e


p
 o
 r

 t



2
 0
 1


0






 
 
  
  
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 // 51
 
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

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
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
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







    
    
    
     
     
     
       
      
       
       
       
       
       
       
       
       
       
       
       
       
       
A 
  




n 
n     
    
u     
a      
     
l      
       
R       
       
e
       
p
       
o
       
r        
t        
       
2        
0        
1        
0        
    
  

52 //  




    
    
     
     
     
     
       
      
       
       
       
       
       
       
       
       
       
       
       
       
       
    
  

    
    
    
     
     
     
      
     
       
       
        A
        n
        n
        u
        a
       
l
       
       
       
R
        e
p
 o
r
t
2
0
1
0

 
// 53











    
      
     
      
      
      
      
      
      
      
      
      
      
      
      




 

 
 
 
 
 


A 

n 
n 
u    
    
a     
l      
     
R      
e      
p  
o      
r      
t      
     

2 
0 
1
0

54 //  



  
 
 



 


  
  
  
  
  

  
  
  
  
  
 
  




A
n
n
u
a
l
R
e
p
o
r
t
2
0
1
0

 
// 55





  

  

  



  
















A 
n
n
u
a
l
R
e
p
o
r
t
2
0
1
0

56 //  










 
 
 
 
 
 









   
   
   
   
   
   
   
   




A
  
n
  
n
  
u
  
a
  
l
  
   R
   e
   p
   o
   r
   t
  
   2
   0
   1
   0
  
  
  
  
  
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
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


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


                      

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                

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
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• 
• 

• 


• 

• 
• 

• 

A

n

n 
u 

a 
l

R
e 
p 
o • 
r • 
t • 
• 
2 
0 •               
1 
0 •                

•            

•            

• 
• 
• 
• 
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
58 //


• 
• 
• 




• 
• 
• 
• 
• 
• 

• 
• 
• 
• 






• 
• 
A
n
• 
n
•  u
 a


l

 R
e

p
D o
 r
 t

• 
2
•  0
•  1
• 
0
• 
• 



• 

• 
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 
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// 59













Audit Committee












.








• 
A • 
n
n • 
u • 
a • 
l
R Risk assessment and Management

e

p 
o 
r 

t 

• 
2 
0 
1 • 

0 

• 

• 

• 


• 

• 

 
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60 //
Risk assessment and Management (continued)
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• 







• 


• 
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


Encourage enhanced performance



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


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




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



A
 n
 n


u
 a
•  l

• 
•  R
 e
• 

p
 o
•  r
t
Communications to Shareholders and the Market
 2
 0
 1

 0










 

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64 //
Corporate Directory
SDI Limited
ABN 27 008 075 581
Auditors
550 Bourke Street, Melbourne
Victoria 3000, Australia
Bankers
St. George Bank Limited
424 Warrigal Road, Moorabbin
Victoria, 3189, Australia
Solicitors
Macpherson & Kelley Lawyers Pty Ltd
40-42 Scott Street, Dandenong
Share Registry
Link Market Services Limited
Level 4, 333 Collins Street, Melbourne
p (03) 9615 9800 f (03) 9615 9900
Patent Attorneys
Lord & Company
2nd Floor, 4 Duro Place, West Perth
Western Australia, 6005, Australia A
n
Shares n
Shares in SDI Limited are listed on the u
Australian Stock Exchange Limited a
under the listing code SDI l
Board of Directors
J.N. Isaac, (Chairman) LL.B., F.A.I.C.D. F.A.I.M. R
J.J. Cheetham (Managing Director) O.A.M. e
G.M. McCorkell, LL.B. p
J.A. Roseman, C.P.A. o
S.J. Cheetham, B.Bus. (Banking and Finance), M.B.A. r
S.J. Molver, B.Soc.Sc., B.Com. (Hon) t
alternate directors
P.J. Cheetham 2
N.A. Cheetham 0
1
Company Secretary
J.J. Slaviero, B.Bus. (Acct.), C.P.A., F.T.M.A.
0
Registered Office
5-7 Brunsdon Street Bayswater
Victoria 3153 Australia
toll free 1 800 337 003

p (03) 8727 7111
f (03) 8727 7222
email: info@sdi.com.au
www.sdi.com.au
// 65
SDI Limited
3-13 Brunsdon St Bayswater
Victoria 3153 Australia
toll free 1 800 337 003
p (61) 3 8727 7111
f (61) 3 8727 7222
email: Info@sdi.com.au
www.sdi.com.au

2010 Annual Report

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2010

Chairman and Managing Directors Report 2

John Norman Isaac Jeffery Cheetham

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     

     

R      

         

    

r      

0      

550 Bourke Street

Dear Board Members,

(ii) any applicable code of professional conduct in relation to the audit.

Liability limited by a scheme approved under Professional Standards Legislation.

Member of Deloitte Touche Tohmatsu

550 Bourke Street

Independent Auditor’s Report to the members of SDI Limited

Directors’ Responsibility for the Financial Report

Liability limited by a scheme approved under Professional Standards Legislation.

Member of Deloitte Touche Tohmatsu

Report on the Remuneration Report

       

       

       

       

       

       

       

       

       

       

       

    

     

     

     

     

     

     

     

     

     

     

R      

    

   

   

     

    

     

e       

     

     

     

     

     

     

     

      2

    

    

    

R Risk assessment and Management