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26 BRADKEN LIMITED ANNUAL REPORT 2013
Bradken Limited
Directors' report (continued)
30 June 2013
E. Other information (continued)
Insurance of officers
Proceedings on behalf of the Company
Auditors' independence declaration
Rounding of amounts
Auditor
This report is made in accordance with a resolution of the directors:
Nick Greiner
Chairman
Brian Hodges
Sydney
Managing Director
12 August 2013
The Company is of a kind referred to in Class Order 98/0100, issued by the Australian Securities and Investments Commission,
relating to the "rounding off" of amounts in the directors' report. Amounts in the directors' report have been rounded off in
accordance with that Class Order to the nearest thousand dollars, or in certain cases, to the nearest dollar.
PricewatehouseCoopers continues in office in accordance with section 327 of the
Corporations Act 2001.
A copy of the auditors' independence declaration as required under section 307C of the Corporations Act 2001 is set out on page
27.
The independent Non-Executive Directors who are not individual parties to the proceedings in the Federal Court of Australia
brought by Norcast (Pala Investments) (being proceedings number VID 356 of 2012), have obtained independent legal advice
concerning those proceedings. The independent Non-Executive Directors are of the view that the interests of the Company and
each of the Directors are aligned in pursuing a successful appeal. The independent Non-Executive Directors are of the view that
Mr Hodges and Mr Greiner were acting in good faith in relation to the conduct, the subject of the proceedings and accordingly if
there is no available claim that can be made against an insurer of Mr Hodges and Mr Greiner, the Deeds of Indemnity will then
operate to indemnify Mr Hodges and Mr Greiner in connection with the proceedings.
The Company has not otherwise, during or since the end of the financial year, indemnified or agreed to indemnify any officer of
the Group or of any related body corporate against a liability incurred by any such officer.
No proceedings have been brought or intervened in on behalf of the Company with leave of the Court under section 237 of the
Corporations Act 2001.
No person has applied to the court under section 237 of the Corporations Act 2001 for leave to bring proceedings on behalf of
the Company, or to intervene in any proceedings to which the Company is a party, for the purpose of taking responsibility on
behalf of the Company for all or part of these proceedings.
During the year, the Company paid a premium to insure the directors and secretaries of the Company and its Australian-based
controlled entities, the general managers of each of the businesses, all executive officers of the Group and of any related body
corporate against a liability incurred by such a director, secretary or executive officer to the extent permitted by the Corporations
Act 2001. The contract of insurance prohibits disclosure of the nature of the liability and the amount of the premium.
Page 26
Bradken Limited
Directors’ Report
30 June 2013