GCS ANNUAL REPORT 2014

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FOR THE FINANCIAL YEAR ENDED 30 JUNE 2014 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) NOTE 23. EARNINGS PER SHARE a. Basic earnings per share Profit from operations attributable to the ordinary equity holders of the Company 4.8 9.7 Profit attributable to the ordinary equity holders of the Company 4.8 9.7 b. Diluted earnings per share Profit from operations attributable to the ordinary equity holders of the Company 4.8 9.6 Profit attributable to the ordinary equity holders of the Company 4.8 9.6 $’000 $’000 c. Reconciliations of earnings used in calculating earnings per share Basic earnings per share Profit from operations 8,165 15,340 Profit attributable to the ordinary equity holders of the Company used in calculating basic earnings per share 8,165 15,340 Number Number d. Weighted average number of shares used as the denominator Basic earnings per share Weighted average number of shares used as the denominator in calculating basic earnings per share 170,441,966 158,498,996 Diluted earnings per share Weighted average number of options outstanding 274,849 630,493 Weighted average number of shares and potential ordinary shares used as the denominator in calculating diluted earnings per share 170,716,815 159,129,489 NOTE 24. FAIR VALUE MEASURMENT The carrying amounts of trade and other receivables and trade and other payables are assumed to approximate their fair values due to their short-term nature. No other assets or liabilities have been required to be assessed for fair value adjustments as they are carried at amortised/depreciated cost. 2014 Cents 2013 Cents 96 GLOBAL CONSTRUCTION SERVICES LIMITED ANNUAL REPORT 2014
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2014 NOTE 25. SHARE-BASED PAYMENTS a. Employee option plan Global Construction Services Limited established an Employee Option Plan on 2 May 2008. The purpose of the Employee Option Plan is to: • Recognise the ability and efforts of the employee’s contribution to the success of the Group; • Provide an incentive to employees to achieve the long term objectives of the Group; • Attract and retain persons of experience and ability to the Group; • Promote employee loyalty and improve performance of the Group; and • Enable employees the opportunity to acquire shares in the Group. Participation in the plan is at the Board’s discretion and no individual has a contractual right to participate in the plan or to receive any guaranteed benefits. Options are granted under the plan for no consideration and carry no dividend or voting rights. When exercisable, each option will be converted into one ordinary share within twenty business days after the receipt of a properly executed Notice of Exercise and payment for the exercise price of each option being exercised. GLOBAL CONSTRUCTION SERVICES LIMITED ANNUAL REPORT 2014 97
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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 47 and 48: 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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