Financial Report 2009 - Leighton Holdings

Notes continued
for the year ended 30 June 2009
3. EXPENSES
Group
Company
2009
$’000
2008
$’000
2009
$’000
2008
$’000
Materials 3,533,836 2,545,354 - -
Subcontractors 2,956,026 2,283,902 - -
Plant costs 1,160,508 920,622 - -
Personnel costs 3,402,557 2,623,609 3,019 2,890
Depreciation of property, plant and equipment 642,101 442,480 - -
Operating lease payments - plant and equipment 369,836 249,216 - -
Operating lease payments - other 61,684 64,766 - -
Foreign exchange (gains)/losses (49,094) (2,171) (203) 50
Impairment of goodwill 12,058 - - -
Impairment of investments in equity accounted
62,342 - - -
associates
Impairment of investments in infrastructure toll road
183,400 142,003* - -
companies
Net (gain)/loss on sale of assets (32,054) (315,501) - -
Professional and management fees 228,455 212,258 76,936 71,875
Property development and property joint venture writedowns
49,016 - - -
Property development - cost of goods sold 25,849 328,371 - -
Other expenses 302,800 267,734 2,269 2,134
Total expenses 12,909,320 9,762,643 82,021 76,949
* In 2008 a further impairment loss on investments in infrastructure toll road companies of $91,328 was incurred through our
associate company, JF Infrastructure Pty Ltd, and is included in the share of profits of associates and joint venture entities in
the income statement.
Leighton Holdings Limited FINANCIAL REPORT 2009 13