GCS ANNUAL REPORT 2014

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FOR THE FINANCIAL YEAR ENDED 30 JUNE 2014 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) NOTE 25. SHARE-BASED PAYMENTS (continued) a. Employee option plan (continued) Set out below are summaries of options granted. Grant Date Vesting Date Expiry Date 2014 Exercise Price Balance at start of the year Granted during the year Exercised during the year Forfeited during the year Balance at the end of the year Vested and exercisable at the end of the year 12 May 2008 12 May 2011 9 May 2014 $1.90 330,000 - - 330,000 - - Totals 330,000 - - 330,000 - - Weighted Average Exercise price $1.90 - - $1.90 - - 2013 12 May 2008 12 May 2010 9 May 2013 $1.60 345,000 - - (345,000) - - 12 May 2008 12 May 2011 9 May 2014 $1.90 345,000 - - (15,000) 330,000 330,000 Totals 690,000 - - (360,000) 330,000 330,000 Weighted Average Exercise price $1.45 - - $1.61 $1.90 $1.90 The weighted average remaining contractual life of share options outstanding at the end of the period was Nil (2013: 1 year). There were no options granted during the year ended 30 June 2014 (2013: no options granted). The fair value at grant date is determined using a Black-Scholes option pricing model taking into account the exercise price, the term of the option, the share price at grant date, the expected price volatility of the underlying share and the risk free interest rate for the term of the option. 98 GLOBAL CONSTRUCTION SERVICES LIMITED ANNUAL REPORT 2014
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2014 NOTE 26. KEY MANAGEMENT PERSONNEL (KMP) DISCLOSURES Key management personnel compensation Short term employee benefits 1,945 2,936 Post employment benefits 107 139 Termination benefits - - 2,052 3,075 2014 $’000 2013 $’000 Aggregate amounts of each type of transactions with key management personnel of the Group Amounts recognised in expenses 2,869 3,339 Purchases and hire of equipment and services 867 6,306 Sales of Goods and Services 233 532 Outstanding balances arising from sales/purchases of goods and services. The following balances are outstanding at the reporting date in relation to transactions with related parties and Key Management Personnel: Current receivables (sales of goods and services) – Related parties 45 157 Current payables (purchases of goods and services) – Related parties 132 538 Additional detail is contained in the Remuneration Report contained within the Directors’ Report. GLOBAL CONSTRUCTION SERVICES LIMITED ANNUAL REPORT 2014 99
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ANNUAL REPORT 2014 GLOBAL CONSTRUCT
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GCS is a leading supplier of integr
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Company Highlights • GCS successf
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We are committed to safety - it’s
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Our strategy is underpinned by our
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We offer local and regional experti
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Formwork & Concreting Scaffold & Ac
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Resource, Industrial, Oil & Gas Mar
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Commercial Market Our operations in
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Residential Market Our operations i
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Locations map Karratha Port Hedland
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Our people are the key to our succe
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GCS is a major contributor to commu
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On-site Workforce We supply and man
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FOR THE FINANCIAL YEAR ENDED 30 JUN
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Plant & Equipment Our ever-expandin
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Page 49 and 50: FOR THE FINANCIAL YEAR ENDED 30 JUN
Page 53 and 54: Vehicle Fleet Rentals GCS has conti
Page 59 and 60: Formwork & Concreting By offering h
Page 65 and 66: Scaffold & Access Solutions With un
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Page 113 and 114: Site Accommodation Our temporary si
Page 115 and 116: CORPORATE DIRECTORY Directors Peter
Page 117 and 118: Specialised Site Services We provid
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GCS ANNUAL REPORT 2014

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