McConnell Dowell 2018 Annual Review

McConnell Dowell Financial Statements 2018 35 The Group monitors the net working capital position on an ongoing basis and uses a rolling forecast of liquidity using expected cash flow. At balance date in addition to the accumulated working capital position of the Group, the Group has approximately $179.0 million (2017: $262.8 million) of unused bank guarantee and bonding facilities available for its immediate use. The Group has the ongoing financial support of its ultimate parent, and a letter of ongoing support. The remaining contractual maturities of the Group’s financial liabilities are: Year ended 30 June 2018 Consolidated 0 – 30 days 30 – 60 days 60 – 90 days 3 – 12 months 1 – 5 years over 5 years TOTAL Financial liabilities Trade and other payables 59,041 87,778 27,060 25,702 - - 199,581 Interest free loan from Aveng Australia Holdings - - - 12,247 - - 12,247 Interest bearing loans and borrowings - current 6,668 513 513 4,084 - - 11,778 Interest bearing loans and borrowings - non current - - - - 8,382 - 8,382 TOTAL EXPOSURE 65,709 88,291 27,573 42,033 8,382 - 231,988 Year ended 30 June 2017 Consolidated 0 – 30 days 30 – 60 days 60 – 90 days 3 – 12 months 1 – 5 years over 5 years TOTAL Financial liabilities 68,755 78,164 25,451 26,917 - - 199,287 Trade and other payables - - - 10,000 - - 10,000 Other current liabilities - - - 132,000 - - 132,000 Interest free loan from Aveng Australia Holdings 542 544 547 5,027 - - 6,660 Interest bearing loans and borrowings - current - - - - 5,896 - 5,896 Interest bearing loans and borrowings - non current TOTAL EXPOSURE 69,297 78,708 25,998 173,944 5,896 - 353,843 All figures are in A$ 000’s Changes in liabilities arising from financing activities 1 July 2017 Cash Flows Foreign Exchange Movement New Loans 30 June 2018 Current interest- bearing loans and borrowings 7,399 (2,497) 3 6,848 11,753 Current obligations under finance leases and hire purchase contracts 2,987 (2,961) - - 26 Non-current interest-bearing loans and borrowings 11,086 (3,731) - 912 8,267 Non-current obligations under finance leases and hire purchase contracts 135 (19) - - 116 TOTAL LIABILITIES FROM FINANCING ACTIVITIES 21,607 (9,208) 3 7,760 20,162 The Group classifies interest paid as cash flows from operating activities. McConnell Dowell Annu l Review 1 71