Preliminary Final Report - Financial Review

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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
Notes continuedfor the period ended 31 December 20112. REVENUENote6 months toDecember 2011$m12 months toJune 2011$mConstruction contracting services 5,798.2 9,159.7Mining contracting services 3,138.5 5,177.0Property development revenue 519.1 76.5Other services revenue 683.4 1,118.3Revenue from external customers 10,139.2 15,531.5Interest- Related parties 8.6 4.4- Other parties 15.5 18.3Unwinding of discounts on non‐current receivables- Related parties 3.5 5.6- Other parties 2.4 1.4Dividends / distributions ‐ 0.1Other revenue 30.0 29.8Total revenue 5 10,169.2 15,561.3Leighton Holdings LimitedAppendix 4E and Consolidated Preliminary Final Report for the Period Ended 31 December 2011 11
Page 1 and 2: 13 February 2012ASX Market Announce
Page 3 and 4: APPENDIX 4E &PRELIMINARY FINALREPOR
Page 5 and 6: Commentary on the Resultsfor the pe
Page 7 and 8: Consolidated Income Statementfor th
Page 9 and 10: Consolidated Balance Sheetas at 31
Page 11: Consolidated Statement of Cash Flow
Page 15 and 16: Notes continuedfor the period ended
Page 35 and 36: DECEMBER UPDATEFOR THE DECEMBER 201
Page 37 and 38: December 2011 UpdateExplanatory Not
Page 39 and 40: engineering and construction compet
Page 41 and 42: under cover. Industrial relations p
Page 43 and 44: John HollandJohn Holland boosted it
Page 45 and 46: The Leighton Properties portfolio h
Page 47 and 48: Operating Revenue AnalysisOperating
Page 49 and 50: Significant Current Contracts and P
Page 51 and 52: • $85m for site preparation at th
Page 53 and 54: • US$512m (US$333m) for engineeri
Page 55 and 56: Media Release13 February 2012 Under
Page 57 and 58: Media Release 13 February 2012LEIGH
Page 59 and 60: PRELIMINARY FINAL REPORTPRESENTATIO
Page 61 and 62: 1. Overview of the Year
Page 63 and 64:
Overview of the YearNOW BACK ON TRA
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2. Strategic and OperationalUpdate
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Strategic and Operational UpdateFIN
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Strategic and Operational UpdateRIS
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Victorian Desalination Project,Vict
Page 73:
Airport Link, Queensland,Thiess/Joh
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Strategic and Operational UpdateSAF
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Strategic and Operational UpdatePOT
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Detailed FinancialsSUMMARY OF FINAN
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Detailed FinancialsSUMMARY OF OPERA
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Detailed FinancialsSOLID OPERATING
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Detailed FinancialsLIABILITIES - DO
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Detailed FinancialsDEBT MATURITY PR
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4. Market Outlook andPriorities
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Market Outlook and PrioritiesAUSTRA
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Market Outlook and PrioritiesASIAN
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Market Outlook and PrioritiesPRIORI
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Market Outlook and PrioritiesSUMMAR
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Appendix:Including OperationalCompa
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Appendix:Including Operational Comp
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Page 110:
PRELIMINARY FINAL REPORTPRESENTATIO
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Preliminary Final Report - Financial Review

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