GCS ANNUAL REPORT 2014
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FOR THE FINANCIAL YEAR ENDED 30 JUNE <strong>2014</strong><br />
NOTE 5. REVENUE, OTHER INCOME AND EXPENSES<br />
Revenues, other income and expenses from continuing operations<br />
a. Continuing operations<br />
Hire of equipment and related services 111,387 142,626<br />
Contracting 32,399 41,800<br />
Sale of goods 16,342 15,885<br />
160,128 200,311<br />
Approximately 21% (2013: 16%) of the consolidated entity’s revenue is derived from a single customer.<br />
<strong>2014</strong><br />
$’000<br />
2013<br />
$’000<br />
b. Other revenue<br />
Management service fees 30 30<br />
Interest received 933 777<br />
Rebates - 56<br />
963 863<br />
Other Income<br />
Net gains/(loss) on disposal of plant and equipment 5 272<br />
Unrealised foreign exchange gains/(losses) (1) 1<br />
Property rental income 113 59<br />
Other 95 223<br />
212 555<br />
1,175 1,418<br />
c. Other expenses<br />
Impaired receivables in relation to Forge Group Limited (1) 1,754 -<br />
Other impaired trade receivables 131 399<br />
1,885 399<br />
(1)<br />
Pre tax bad debt write-off related to the collapse of the Forge Group.<br />
d. Depreciation and amortisation<br />
Depreciation:<br />
Buildings and leasehold improvements 336 311<br />
Office and computer equipment 360 378<br />
Motor vehicles 1,004 1,435<br />
Plant and rental equipment 9,826 14,130<br />
Total depreciation 11,526 16,254<br />
Amortisation 479 1,069<br />
12,005 17,323<br />
GLOBAL CONSTRUCTION SERVICES LIMITED <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2014</strong><br />
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