Preliminary Final Report - Financial Review

Notes continuedfor the period ended 31 December 201110. INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD CONTINUEDJoint VenturesOwnership interestName of entity Principal activity Country December 2011%June 2011%400 George Street Partnership 1 Development Australia 50 50APM Group (Aust) Pty Ltd & Broad Construction Services Construction Australia 45 45(NSW/VIC) Pty Ltd 1APN No. 19 Pty Ltd & Leighton Properties (VIC) Pty Ltd 1 Development Australia 50 50Aspire Schools (Qld) Pty Limited 1Construction, Australia 50 50ServicesAspire Schools Financing (Qld) Pty Limited 1 Investment Australia 50 50Aspire Schools Financing Services (Qld) Pty Limited 1 Construction Australia 50 50Aspire Schools Holdings (Qld) Pty Limited 1 Investment Australia 50 50Auckland Road Maintenance Alliance (West) Management Construction New Zealand 50 50JV 1Bac Devco Pty Limited 1 Development Australia 33 33Barclay Mowlem Thiess Joint Venture 1 Construction Australia 50 50Baulderstone Leighton Joint Venture 1 Construction Australia 50 ‐Bayview Project Noosa Partnership 1 Development Australia 50 50BGC & John Holland & Macmahon Joint VentureConstruction Australia 40 40(Roy Hill Rail JV) 1BJB Joint Venture Services Australia 38 38Brisbane Motorway Services Pty Limited 1 Services Australia 50 50China State Leighton Joint Venture Construction Hong Kong 50 50City West Property Holding Trust (Section 63 Trust) Development Australia 50 50City West Property Holdings Pty Limited Development Australia 50 50City West Property Investment (No. 1) Trust Development Australia 50 50City West Property Investment (No. 2) Trust Development Australia 50 50City West Property Investment (No. 3) Trust Development Australia 50 50City West Property Investment (No. 4) Trust Development Australia 50 50City West Property Investment (No. 5) Trust Development Australia 50 50City West Property Investment (No. 6) Trust Development Australia 50 50City West Property Investments (No. 1) Pty Limited Development Australia 50 50City West Property Investments (No. 2) Pty Limited Development Australia 50 50City West Property Investments (No. 3) Pty Limited Development Australia 50 50City West Property Investments (No. 4) Pty Limited Development Australia 50 50City West Property Investments (No. 5) Pty Limited Development Australia 50 50City West Property Investments (No. 6) Pty Limited Development Australia 50 50Cockatoo Iron Ore 1 Contract Mining Australia 50 50Leighton Holdings LimitedAppendix 4E and Consolidated Preliminary Final Report for the Period Ended 31 December 2011 22