Preliminary Final Report - Financial Review

Notes to the Consolidated Preliminary Final Reportfor the period ended 31 December 20111. BASIS OF PREPARATIONChange in financial year end dateLeighton Holdings Limited (the “Company”) obtained approval from the Australian Securities and Investments Commission(“ASIC”) to change its financial year end date from 30 June to 31 December. As a result the current financial year of theCompany is the 6 month period 1 July 2011 to 31 December 2011. As such, the amounts presented in the financial report arenot entirely comparable. Effective 1 January 2012, the financial years of the Company are for twelve month periods ending 31December which aligns with the financial year of its major shareholder, HOCHTIEF Aktiengesellschaft (“HOCHTIEF”) and itsultimate parent, Actividades de Construcción y Servicios, SA (“ACS”).Preliminary final reportThe consolidated preliminary final report is presented in Australian dollars and has been prepared on a historical cost basis,except for derivative financial instruments and available‐for‐sale assets that have been measured at fair value at reportingdate.Leighton Holdings Limited is a company domiciled in Australia. The consolidated preliminary final report of the Company forthe period ended 31 December 2011 comprises the Company and its controlled entities (the “Consolidated Entity” or “Group”)and the Consolidated Entity’s interest in associates and jointly controlled entities.The Company is a company of the kind referred to in ASIC Class Order 98/100 dated 10 July 1998 and in accordance with thatClass Order, all financial information presented in Australian dollars has been rounded off to the nearest hundred thousanddollars, unless otherwise stated.The consolidated preliminary final report is based on extracts from the Group’s financial statements which have been auditedand have been prepared in accordance with Australian Accounting Standards (“AASB’s”) (including Australian AccountingInterpretations) adopted by the Australian Accounting Standards Board (“AASB”) and the Corporations Act 2001. The financialstatements also comply with International Financial Reporting Standards adopted by the International Accounting StandardsBoard. The accounting policies adopted are consistent with those of the previous financial year.The Company has received an unqualified audit opinion which is attached as an appendix to this preliminary final report.The consolidated preliminary final report was authorised for issue by the Directors on 13 February 2012.Leighton Holdings LimitedAppendix 4E and Consolidated Preliminary Final Report for the Period Ended 31 December 2011 10