ASCIANO LTD 
By
Asciano Limited (ASX: AIO) ('Asciano') today announces that, consistent with its disclosure within the FY13 financial accounts, the Company will move to adopt the changes to the Australian Accounting Standards Board (AASB) 119 that have come into effect for the annual reporting period ending 30
June 2014. Amendments as a result of adopting the revised standard are required to be implemented retrospectively. The information in Table 1 below has been provided to ensure the market has the restated prior period comparative numbers in readiness for the release of the FY14 interim result to be made on Tuesday 18 February 2014.
In September 2011 AASB released a revised standard on accounting for employee benefits which removes certain options in respect to accounting for defined benefit post-employment plans, while introducing certain other new measurement and disclosure requirements. The main change arising from the amendments to AASB 119 impacting Asciano is that the components of interest cost less expected return on assets in superannuation expense will be replaced by a net interest cost, equal to the discount rate multiplied by the net asset/liability. This change has resulted in an increase in the superannuation expense as the impact of the excess of the expected rate of investment return over
the discount rate will no longer be reflected in the expense.
Kelly Hibbins
Phone: + 61 2 8484 8046
Email: Kelly_hibbins@asciano.com.au
Media Enquiries:
Richard Baker
Phone: + 61 408 985 008
Email: media@asciano.com.au
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Table 1$'m H1FY13 Chg H1FY13 FY13 Chg FY13 Reported Revised Reported Revised | |||||||
PN Coal | 208.9 | 0.0 | 208.9 | 407.5 | 0.0 | 407.5 | |
PN Rail | 154.8 | 0.0 | 154.8 | 316.2 | 0.0 | 316.2 | |
Terminals & Logistics | 111.2 | 0.0 | 111.2 | 197.7 | 0.0 | 197.7 | |
Bulk & Automotive Port Services | 52.2 | 0.0 | 52.2 | 112.2 | 0.0 | 112.2 | |
Corporate | -20.8 | -3.4 | -24.2 | -33.0 | -7.9 | -40.9 | |
Underlying EBITDA | 506.3 | -3.4 | 502.9 | 1,000.6 | -7.9 | 992.7 | |
PN Coal | 150.4 | 0.0 | 150.4 | 287.9 | 0.0 | 407.5 | |
PN Rail | 106.7 | 0.0 | 106.7 | 216.8 | 0.0 | 316.2 | |
Terminals & Logistics | 88.4 | 0.0 | 88.4 |
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About Asciano Asciano Limited (ASX: AIO) is Australia's largest national rail freight and cargo port operator. The Company is one of Australia's leading providers of critical logistics services within essential infrastructure based supply chains. Asciano occupies all major segments of the import/export and domestic supply chains to offer a diverse freight mix service offering. The Company has an annual
turnover of $3.7 billion1 and employs over 8,8002 full time employees across Australia and New
Zealand. For further information on Asciano, including ASX announcements, presentations, and webcasts please visit our website at www.asciano.com.au
1 12 months to 30 June 2013
2
As at 30 November 2013
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