GCS ANNUAL REPORT 2014

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FOR THE FINANCIAL YEAR ENDED 30 JUNE 2014 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) NOTE 21. CONTRIBUTED EQUITY (continued) f. Reserves i. Share Option Reserve is used to recognise the grant date fair value of options issued to employees but not exercised. Movements in reserves Share option reserve Balance 1 July 140 140 Options issued during the year - - Balance 30 June 140 140 g. Retained earnings Movements in retained earnings Balance 1 July 61,135 49,200 Net profit for the year 8,165 15,340 Dividends and other equity distributions - (3,405) Balance 30 June 69,300 61,135 2014 $’000 2013 $’000 94 GLOBAL CONSTRUCTION SERVICES LIMITED ANNUAL REPORT 2014
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2014 NOTE 22. DIVIDENDS a. Dividends paid or payable The Directors have determined not to pay a final dividend for the year ended 30 June 2014 - The Directors determined not to pay an interim dividend for the year ended 30 June 2014 - The Directors determined not to pay a final dividend for the year ended 30 June 2013 - Interim dividend for the year ended 30 June 2013 of 2 cents per share, fully franked, declared on 15 March 2013, paid on 5 April 2013 (Dividend Reinvestment Plan applied) 3,405 Total dividend paid or payable - 3,405 2014 $’000 2013 $’000 b. Dividends not recognised at year end With expectations of increased activity and associated investment in the forthcoming period, the Board has determined to not declare a dividend for the financial year ended 30 June 2014. (2013: 2.00 cents, DRP applied). Franking credits available at the reporting date based on a tax rate of 30% 20,562 16,390 Franking credits that will arise from the payment of the amount of the provision for income tax at the reporting date based on a tax rate of 30% 2,301 5,617 Franking credits available for subsequent financial years based on a tax rate of 30% 22,863 22,007 GLOBAL CONSTRUCTION SERVICES LIMITED ANNUAL REPORT 2014 95
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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 45 and 46: 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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