GCS ANNUAL REPORT 2014

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FOR THE FINANCIAL YEAR ENDED 30 JUNE 2014 CONSOLIDATED STATEMENT OF CASH FLOWS Cash flows from operating activities Receipts from customers 172,895 204,619 Payments to suppliers and employees (137,149) (158,468) Income taxes paid (5,361) (10,272) Net cash inflow from operating activities 28 30,385 35,879 Note 2014 $’000 2013 $’000 Cash flows from investing activities Payments for property, plant and equipment (2,768) (10,939) Proceeds from sale of property, plant and equipment 495 277 Interest received 799 783 Loans from/(to) related parties (137) (3,757) Net cash outflow from investing activities (1,611) (13,636) Cash flows from financing activities Proceeds from borrowings 7,000 18,646 Repayment of borrowings (31,293) (52,567) Interest paid (5,990) (7,500) Proceeds from issue of ordinary shares - 32,277 Transaction costs from issue of ordinary shares - (1,680) Dividends paid to company shareholders - (3,260) Net cash outflow from financing activities (30,283) (14,084) Net increase/(decrease) in cash and cash equivalents (1,509) 8,159 Cash and cash equivalents at the beginning of the year 15,317 7,158 Cash and cash equivalents at the end of the year 7 13,808 15,317 The above statement should be read in conjunction with the notes to the financial statements. 60 GLOBAL CONSTRUCTION SERVICES LIMITED ANNUAL REPORT 2014
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2014 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Ordinary $’000 Option Reserve $’000 Retained Earnings $’000 FOR THE YEAR ENDED 30 JUNE 2013 Balance at 1 July 2012 97,355 140 49,200 146,695 Profit for the year - - 15,340 15,340 Total comprehensive income for the period - - 15,340 15,340 Total $’000 Transactions with owners in their capacities as owners Issue of ordinary shares, net of transactions costs 30,597 - - 30,597 Dividends paid 145 - (3,405) (3,260) Tax-effect share based transaction expenses 504 - - 504 Balance at 30 June 2013 128,601 140 61,135 189,876 FOR THE YEAR ENDED 30 JUNE 2014 Balance at 1 July 2013 128,601 140 61,135 189,876 Profit for the year - - 8,165 8,165 Total comprehensive income for the period - - 8,165 8,165 Transactions with owners in their capacities as owners Issue of ordinary shares, net of transactions costs - - - - Dividends paid - - - - Tax-effect share based transaction expenses - - - - Balance at 30 June 2014 128,601 140 69,300 198,041 The above statement should be read in conjunction with the notes to the financial statements. GLOBAL CONSTRUCTION SERVICES LIMITED ANNUAL REPORT 2014 61
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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
Page 11 and 12: We offer local and regional experti
Page 13 and 14: Formwork & Concreting Scaffold & Ac
Page 15 and 16: Resource, Industrial, Oil & Gas Mar
Page 17 and 18: Commercial Market Our operations in
Page 19 and 20: Residential Market Our operations i
Page 21 and 22: Locations map Karratha Port Hedland
Page 23 and 24: Our people are the key to our succe
Page 25 and 26: GCS is a major contributor to commu
Page 27 and 28: On-site Workforce We supply and man
Page 29 and 30: FOR THE FINANCIAL YEAR ENDED 30 JUN
Page 33 and 34: Plant & Equipment Our ever-expandin
Page 53 and 54: Vehicle Fleet Rentals GCS has conti
Page 59 and 60: Formwork & Concreting By offering h
Page 61: FOR THE FINANCIAL YEAR ENDED 30 JUN
Page 65 and 66: Scaffold & Access Solutions With un
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Site Accommodation Our temporary si
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CORPORATE DIRECTORY Directors Peter
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Specialised Site Services We provid
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GCS ANNUAL REPORT 2014

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