AJ Lucas Group annual report 2007-08

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12. Property, PLANT AND EQUIPMENT Leasehold improvements $’000 Land & buildings $’000 Plant & equipment $’000 Leased plant & equipment $’000 Capital works in progress $’000 Consolidated 2008 At cost 24 4,306 45,316 31,235 2,750 83,631 Accumulated depreciation/amortisation (10) (18) (18,678) (8,939) ‐ (27,645) 14 4,288 26,638 22,296 2,750 55,986 Consolidated 2007 At cost 105 — 32,284 18,850 2 51,241 Accumulated depreciation/amortisation (81) — (13,704) (6,535) — (20,320) 24 — 18,580 12,315 2 30,921 Total $’000 Reconciliations Reconciliations of the carrying amounts for each class of property, plant and equipment are set out below. Leasehold improvements $’000 Land & buildings $’000 Plant & equipment $’000 Leased plant & equipment $’000 Capital works in progress $’000 Consolidated 2008 Carrying amount at 1 July 2007 24 — 18,580 12,315 2 30,921 Additions 749 4,306 7,273 8,521 2,748 23,597 Acquisitions through subsidiaries acquired — — 7,057 4,164 — 11,221 Disposals (743) — (232) (99) — (1,074) Depreciation (16) (18) (6,040) — — (6,074) Amortisation — — — (2,605) — (2,605) Carrying amount at 30 June 2008 14 4,288 26,638 22,296 2,750 55,986 Total $’000 Consolidated 2007 Carrying amount at 1 July 2006 35 — 11,036 9,841 198 21,110 Additions — — 3,773 2,376 (196) 5,953 Acquisitions through subsidiaries acquired — — 9,236 621 — 9,857 Disposals — — (354) (14) — (368) Depreciation (11) — (4,827) — — (4,838) Amortisation — — — (2,121) — (2,121) Impairment — — (500) — — (500) Transfer from non-current assets held for sale — — 216 1,612 — 1,828 Carrying amount at 30 June 2007 24 — 18,580 12,315 2 30,921 13. INVESTMENTS Consolidated Company 2008 2007 2008 2007 $’000 $’000 $’000 $’000 Investments - listed entities 24,875 — 24,875 — Investments - other 1,240 22 2,004 1,260 Deferred expenditure 41 41 — — 26,156 63 26,879 1,260 The investment in listed entities comprises an investment in Sydney Gas Limited, a company listed on the Australian Securities Exchange. 14. Exploration assets Consolidated Company 2008 2007 2008 2007 $’000 $’000 $’000 $’000 Cost Balance at 1 July 6,175 3,819 — — Acquisitions 12,387 2,356 — — Transferred to development assets (14,462) — — — Balance at 30 June 4,100 6,175 — — 44 LUCAS group
15. Intangible Development assets Gas assets $’000 Consolidated Cost Balance at 30 June 2006 — 2,276 2,276 Acquisitions — 92 92 Balance at 30 June 2007 — 2,368 2,368 Acquisitions — 126 126 Transferred from exploration assets 14,462 — 14,462 Balance at 30 June 2008 14,462 2,494 16,956 Amortisation and impairment losses Balance at 30 June 2006 — 1,140 1,140 Amortisation for the year — 182 182 Balance at 30 June 2007 — 1,322 1,322 Amortisation for the year — 182 182 Balance at 30 June 2008 — 1,504 1,504 Carrying amounts At 1 July 2006 — 1,136 1,136 At 30 June 2007 — 1,046 1,046 At 1 July 2007 — 1,046 1,046 At 30 June 2008 14,462 990 15,452 Other $’000 Total $’000 16. Other INTANGIBLE ASSETS Customer Relationships $’000 Goodwill $’000 Consolidated Pipeline rights $’000 Cost Balance at 1 July 2006 — 5,432 1,786 7,218 Acquisitions—through business combinations 4,758 — — 4,758 Balance at 30 June 2007 4,758 5,432 1,786 11,976 Acquisitions—through business combinations 5,505 2,559 — 8,064 Balance at 30 June 2008 10,263 7,991 1,786 20,040 Amortisation and impairment losses Balance at 1 July 2006 — 607 — 607 Amortisation for the year 1,785 — — 1,785 Impairment loss — 993 1,786 2,779 Balance 30 June 2007 1,785 1,600 1,786 5,171 Amortisation for the year 2,590 — — 2,590 Balance at 30 June 2008 4,375 1,600 1,786 7,761 Carrying amounts At 1 July 2006 — 4,825 1,786 6,611 At 30 June 2007 2,973 3,832 — 6,805 At 1 July 2007 2,973 3,832 — 6,805 At 30 June 2008 5,888 6,391 — 12,279 Total $’000 a year of milestones 45
Page 1 and 2: AJ Lucas Group Limited Annual Repor
Page 3 and 4: 50 Years of Milestones Page 16 Fina
Page 5 and 6: Chairman’s letter What a year! Lu
Page 7 and 8: 2.5 +220% 8.0 Construction & infras
Page 9 and 10: The Brooklyn—Lara Gas Pipeline (l
Page 11 and 12: Left: A coal seam gas well at Glouc
Page 13 and 14: a year of milestones 11
Page 15 and 16: Hyundai Australia’s new HQ has an
Page 17 and 18: Three pipes this size in a trench i
Page 19 and 20: aj lucas group ltd financial report
Page 21 and 22: Company secretary Mr Nicholas Swan
Page 23 and 24: The Group has now appointed a numbe
Page 25 and 26: Indemnification and insurance of of
Page 27 and 28: Total $ Proportion of remuneration
Page 29 and 30: Analysis of share-based payments gr
Page 31 and 32: Lead auditor’s independence decla
Page 33 and 34: Statements of recognised income and
Page 35 and 36: statements of cash flows for the ye
Page 37 and 38: policies. Significant influence is
Page 39 and 40: Any subsequent period adjustments t
Page 41 and 42: The recoverable amount of an asset
Page 43 and 44: Secondary reporting—geographical
Page 45: 2008 Number 2007 Number Weighted av
Page 49 and 50: Assets Liabilities Net 2008 $’000
Page 51 and 52: (b) Bond facilities provided by sur
Page 53 and 54: 21. PROVISIONS Consolidated Company
Page 55 and 56: c) Employee share acquisition plan:
Page 57 and 58: Risk management policies are establ
Page 59 and 60: Market risk Market risk is the risk
Page 61 and 62: Carrying amount $’000 Consolidate
Page 63 and 64: Guarantees and surety bonds Bank gu
Page 65 and 66: 31. KEY MANAGEMENT PERSONNEL DISCLO
Page 67 and 68: Options and rights over equity inst
Page 69 and 70: DIRECTORS’ DECLARATION 157 Church
Page 71 and 72: AUSTRALIAN Securities EXCHANGE ADDI
Page 73 and 74: a year of milestones 71
Page 75 and 76: credits Writing & management Ad Ver

AJ Lucas Group annual report 2007-08

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