The following table provides an explanation for an example tender advice notice. The tender advice is issued to the buyer or seller of the NSW Wheat once delivery is completed.
|Number of contracts||37||One contract = 20 tonnes (740 tonnes)|
|Value||$129,241.00||= Gross Price * Tonnage|
|GST||$12,924.10||10% of value|
|Total Value||$142,165.10||GST Inclusive|
|S&H Company||GrainCorp||Name of Approved Bulk Handler|
|Protein||10.80||As per S&H Grower Receival Stack Average*|
|Shrinkage||0.6%||Determined by S&H company and noted in storage terms|
|Futures Price||$210.00||As settled on ASX on day of tender|
|less Location Differential||-$47.75||GTA Location Differential**|
|Up Country Delivered||$162.25|
|add or subtract Protein Adjustment||+$4.80||$0.60 premium or discount for every 0.1 above or below 10% (capped at 11.4%)|
|add Receival Fee||+$6.55||As per S&H Agreement***|
Up Country Price Free In Store
|$173.60||= Up Country Delivered + Protein + Receival Fee|
|Gross Shrunk Price Free In Store||$174.65||= Up Country FIS / 0.994|
* Grower receival stack average is the average protein figure for all wheat binned a certain grade at a certain site. During harvest this figure may move.
** GTA Location Differentials updated annually, effective October 1. This is an example differential only from 2011/2012 and may not be representative of the prevailing rate.
*** S&H Companies review fees annually. This is an example only from 2011/2012 and may differ from the prevailing rate.