1、APA GroupSECURITY AND GROWTHANNUAL REPORT 2009 1411162 Performance Highlights4 APA Group Pro?le6 Chairmans Report8 Managing Directors Report11 Commercial Report14 Operations Report16 APA People and Sustainability18 Board of Directors20 Leadership Team21 Corporate Governance Statement Australian Pipe
2、line Trust30 Directors Report51 Financial ReportAPT Investment Trust123 Directors Report126 Financial Report152 Additional InformationIBC APA Assets and Investments Annual MeetingDate30 October 2009Venue Amora Hotel11 Jamison StSydney NSW 2000,AustraliaTime10:30am Registration commences at 10:00amAU
3、STRALIAN PIPELINE LTD ACN 091 344 704 AUSTRALIAN PIPELINE TRUST ARSN 091 678 778 APT INVESTMENT TRUST ARSN 115 585 4418Main Image:Michael Mann maintaining a turbine at Brooklyn compressor station,Victoria.Inset images:Philip Botha at Brooklyn city gate;Michael Noonan and Keith Jones monitoring theVi
4、ctorian Transmission System.ON THE COVERYou can view the APA Group2009 Annual Reporton our .auAPA GroupSECURITY AND GROWTHANNUAL REPORT 2009 an view the APA Group 2009 al Report on our website .auan view the APAnual Report in printed on Lynx Opaque.aque is made from elemental chlorine free d pulp so
5、urced from well-managed forests and ed sources.APA GROUP ANNUAL REPORT 2009 TABLE OFCONTENTSIMAGES:Opposite page(from top)Nick Duivesteyn;Joe Schiavone checking serial numbers on our meters;Matthew Chisholm and Rowland Schreier at Brooklyn city gate,Victoria;Ian Wheeler and Kidman Ho,Dandenong Opera
6、tions control room.1APA ANNUAL REPORT 09The fi nancial benefi ts of the growth projects undertaken this year will fl ow into next year and beyondWE HAVE THE POWER TO SUSTAIN,DELIVER AND GROWA BRIGHT FUTURE IN UNCERTAIN TIMESAPA is Australias largest natural gas infrastructure business,owning and/or