McConnell Dowell 2018 Annual Review

McConnell Dowell Financial Statements 2018 21 All figures are in A$ 000’s Note 2018 2017 2. Revenue and Income Revenue Construction contract revenue 1,170,067 905,569 Less: change in revenue estimates - (317,048) REVENUE - GROUP 1,170,067 588,521 Other income Net gain on disposal of fixed assets 7,599 8,343 Other income 3,598 8,012 OTHER INCOME - GROUP 11,197 16,355 TOTAL REVENUE AND INCOME - GROUP 1,181,264 604,876 The Consolidated Entity's share of revenue from associates is excluded from revenue noted above and from the Statement of Profit or Loss in accordance with Australian Accounting Standards. Details of the Consolidated Entity's share of revenue from associates is provided as additional non-IFRS information below. Revenue and income - Group 1,181,264 604,876 Revenue - Associates 11 30,020 30,265 REVENUE - GROUP AND ASSOCIATES 1,211,284 635,141 3. Operating Expenses Operating expenses include the following items: Salaries & wages (298,084) (223,246) Subcontractors (439,293) (331,229) Materials (155,662) (209,090) Plant costs (130,398) (70,865) Indirect project costs (93,560) (52,080) Administrative expenses (30,324) (25,105) Operating lease payments (7,241) (7,251) Forex gains 373 1,186 TOTAL OPERATING EXPENSES (1,154,189) (917,680) 4. Finance Income and Costs Finance income Interest income 961 685 TOTAL FINANCE INCOME 961 685 Interest income is recognised and accrued on interest bearing cash accounts. Any amounts not recognised in closing cash balances, are accrued using the effective interest rate on an account by account basis. Finance costs Interest expense (1,096) (1,134) Other finance costs (1,753) (3,413) TOTAL FINANCE COSTS (2,849) (4,547) 5. Dividends Paid Dividends paid to non-controlling interest: Final unfranked dividend declared in the year 5a 110 278 TOTAL DIVIDENDS DECLARED AND PAID 110 278 5(a) - Dividends were declared and paid to the non-controlling interest of PT McConnell Dowell Indonesia (in whole dollars) of $110,106 (2017: $278,367). Consolidated McConnell Dowell Annu l Review 1 57