McConnell Dowell 2018 Annual Review

McConnell Dowell Financial Statements 2018 27 12. Interest in Joint Arrangements Joint operations 2018 2017 Name Principal activity Principal place of business % % McConnell Dowell / GE Betz / United Group Infrastructure (WSRW) Construction Australia 20.0 20.0 McConnell Dowell / ABI ADP (Adelaide Desalination) Construction Australia 50.0 50.0 McConnell Dowell / CCC (QCLNG) Construction Australia 50.0 50.0 McConnell Dowell / CCC (APLNG) Construction Australia 50.0 50.0 McConnell Dowell / Geosea Australia (Hay Point) Construction Australia 80.0 80.0 McConnell Dowell / Bombardier Australia (GCRT) Construction Australia 70.0 70.0 McConnell Dowell / Thiess (Seaford Rail) Construction Australia 40.0 40.0 McConnell Dowell / OHL SA (K2K) Construction Australia 50.0 50.0 McConnell Dowell / SNC-Lavalin Australia Pty Ltd (Rolleston Coal) Construction Australia 50.0 50.0 McConnell Dowell / Balfour Beatty (Springvale Rd Underpass) Construction Australia 65.0 65.0 McConnell Dowell / Downer (WTP) Construction Australia 50.0 50.0 McConnell Dowell / Martinus Rail (Murray Basin) Construction Australia 80.0 80.0 McConnell Dowell/Lend lease JV (ML JV Pty Ltd) Construction Australia 50.0 - McConnell Dowell / CCC (MC Komo) Construction Papua New Guinea 50.0 50.0 McConnell Dowell / SNC Lavalin / PB Power (Te Mihi) Construction New Zealand 42.5 42.5 McConnell Dowell / Fletchers / Obayashi (Waterview) Construction New Zealand 34.8 34.8 McConnell Dowell / Fletchers / Obayashi (Waterview maintenance) Maintenance New Zealand 24.3 - McConnell Dowell / Downer EDI (Russley Rd) Construction New Zealand 50.0 50.0 McConnell Dowell / Downer (formerly) Hawkins (Connectus CRL) Construction New Zealand 50.0 50.0 McConnell Dowell / Heb Contractors (Mangere BNR) Construction New Zealand 50.0 50.0 McConnell Dowell / Downer (CSM2) Construction New Zealand 50.0 50.0 McConnell Dowell / Marina Technology & Construction (MBS) Construction Singapore 65.0 65.0 McConnell Dowell / BAM / SYS (VALE) Construction Malaysia 40.0 40.0 McConnell Dowell / SYS (Nestle) Construction Malaysia 60.0 60.0 McConnell Dowell / SYS (IKEA) Construction Malaysia 80.0 80.0 McConnell Dowell / SYS (Bintulu) Construction Malaysia 65.0 65.0 McConnell Dowell / SYS (SPJ) Construction Malaysia 65.0 65.0 McConnell Dowell / Kaden (Submarine Pipelines) Construction Hong Kong 50.0 50.0 Pursuant to the joint operation agreements, key operational decisions of the joint arrangements require a unanimous vote and therefore the consolidated entity has joint control, including in instances where the Group’s interest is greater than 50%. Consolidated Ownership interest Note 2018 2017 Statement of comprehensive income The Consolidated Entity’s interest in the revenue and expenses of the joint operations is: Revenue 358,556 226,600 Less: change in revenue estimates - (235,000) EXPENSES (332,282) (219,366) PROFIT / (LOSS) BEFORE INCOME TAX 26,274 (227,766) Statement of financial position extract In relation to the Consolidated Entity’s interest in joint operations, the Consolidated Entity’s assets (including share of assets held jointly) and liabilities (including share of liabilities held jointly) are: Cash assets 9 33,566 33,895 Current assets 50,916 121,683 NON CURRENT ASSETS - 9,111 TOTAL ASSETS 84,482 164,689 CURRENT LIABILITIES 69,054 167,312 TOTAL LIABILITIES 69,054 167,312 NET ASSETS 15,428 (2,623) 12(a) - Cash assets held in joint operations are available for use by the Group with the approval of the joint operation partners Consolidated McConnell Dowell Annu l Review 63