Sharing the benefits of success
As one of Australia’s leading exporters and employers, Alcoa makes a significant contribution to the communities in which we operate and the Australian way of life.
We share our success with shareholders, employees, customers and communities through jobs, business opportunities, taxes, dividends and partnerships.
In 2007 export sales were almost $4 billion which amounts to almost three per cent of Australia’s goods exports or two per cent of Australia’s total exports.
We are one of Victoria’s largest exporters with over $1.6 billion in exports in 2007 which accounts for eight per cent of Victoria’s goods exports or five per cent of the state’s total exports.
Similarly, in Western Australia we are a leading exporter accounting for around five per cent of the state’s total exports.
In 2007 almost 80 per cent of our total revenue stayed in Australia through wages, local purchasing, taxes, capital investment and dividends to Australian shareholders. This amounted to almost $3.5 billion reinvested in the Australian economy.
Our strong financial performance stems from our highest ever annual production of alumina at 8.69 million tonnes. Aluminium production was also up by about three per cent and is our strongest performance at 548,427 tonnes.
Alcoa produces around 47 per cent of Australia’s alumina and 30 per cent of Australia’s aluminium. Our alumina production in Western Australia accounts for 11 per cent of total world demand.
Following a record year in 2006 for revenue and profit, driven by record alumina and aluminium prices, our performance has been consistent in 2007 with revenue at $4.49 billion and profit at $1.18 billion. The lower figures for 2007 reflect the strength of the Australian dollar.
Alcoa of Australia is an unlisted public company and our two shareholders, Alcoa Inc. and Alumina Limited, were paid fully franked dividends of $1,060 million in 2007. These financial results are only applicable to Alcoa of Australia and do not include Alcoa Australia Rolled Products.
The continued economic success of our business in 2007 underpins our commitment to health and safety, environmental excellence and community partnerships.
| Exports and Re-investment Expenditure Contribute To Australia's Economy |
 |
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| Net profit after tax – Alcoa of Australia |
| Year |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
| Net profit after tax (A$m) |
641.5 |
656.9 |
649.6 |
763 |
1284.4 |
1184 |
 |
| Revenue - Alcoa of Australia |
| Year |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
| Total (A$m) |
3,101 |
2,923 |
2,969 |
3,726 |
4,869.5 |
4,492.10 |
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Production results and aluminium prices
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Case Study
$89 million pays environmental dividends
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