PROSPECTUS - GR Engineering

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32 GR ENGINEERING’S BUSINESS CONTINUED GR Engineering is founded on a strong belief in its core values. these core values drive its people and underpin the company’s corporate goals of providing clients with superior service, establishing safe and effective working relationships as well as respect for the culture, diversity and values of others. GR Engineering’s Core Values our clients are our focus a commitment to innovation and quality our people are our most significant asset Provision of a safe and healthy workplace We will always act with honesty and integrity Respect for the community and the environment 3.9 Occupational Health and Safety GR Engineering places a high priority on the occupational health and safety of its employees, contractors, clients, visitors to its sites and the general public. the company is committed to continuous performance improvement in these areas with the target being zero injuries. corporate and project safety management systems provide the framework for the identification, management and mitigation of hazards. on each project, GR Engineering prepares and implements detailed health and safety management plans by working with all parties to ensure a safe working environment. these plans provide for continuous safety monitoring as well as reviews at key points in project execution. GR Engineering has maintained a strong safety record since being founded in 2006 as shown in the table below. GR Engineering’s Safety Statistics Calendar Year LTI 1 LTIFR2 2011(Ytd) 0.0 0.0 2010 1.0 1.3 2009 0.0 0.0 2008 1.0 1.7 2007 1.0 4.0 2006 0.0 0.0 1 Lti = Lost time injury. 2 LtifR = Lost time injury frequency rate (no. of Ltis per 1,000,000 manhours worked). the current 12 month rolling averageLti frequency rate is 1.3. 3.10 Environment and Community GR Engineering is committed to the protection of the natural environment, the prevention of pollution and the optimisation of resource consumption. the company meets its commitment to the protection of the environment and sustainability by incorporating sound environmental protection principles into its designs and ensuring that its projects are executed in an environmentally responsible way. construction environmental management plans are completed for all projects to ensure that they comply with high standards of environmental protection practice and all relevant legislation. GR Engineering is also committed to playing a constructive role in the communities in which it operates. it respects community traditions and culture and ensures that they benefit from employment opportunities, training and social programs. the company seeks indigenous participation in its australian and offshore projects and, where possible, forms constructive relationships with indigenous representatives in project areas.
DIRECTORS AND MANAGEMENT SECTION 4 GR EnGinEERinG SERvicES LimitEd PRoSPEctuS 33
Page 1 and 2: ACN 121 542 738 PROSPECTUS FOR THE
Page 3 and 4: TABLE OF CONTENTS CHAIRMAN’S LETT
Page 5: OFFER OVERVIEW KEY OFFER DETAILS Of
Page 8 and 9: 6 INVESTMENT HIGHLIGHTS MARKET LEAD
Page 10 and 11: 8 INVESTMENT HIGHLIGHTS CONTINUED E
Page 12 and 13: 10 INVESTMENT HIGHLIGHTS CONTINUED
Page 14 and 15: 12 INVESTMENT HIGHLIGHTS CONTINUED
Page 16 and 17: 14 KEY RISK FACTORS RISK FACTORS Se
Page 18 and 19: 16 DETAILS OF THE OFFER CONTINUED 1
Page 24 and 25: 22 INDUSTRY OVERVIEW 2.1 Overview G
Page 26 and 27: 24 GR ENGINEERING’S BUSINESS 3.1
Page 28 and 29: 26 GR ENGINEERING’S BUSINESS CONT
Page 36 and 37: 34 DIRECTORS AND MANAGEMENT 4.1 Boa
Page 38 and 39: 36 DIRECTORS AND MANAGEMENT CONTINU
Page 40 and 41: 38 FINANCIAL INFORMATION 5.1 Introd
Page 42 and 43: 40 FINANCIAL INFORMATION CONTINUED
Page 48 and 49: 46 INVESTIGATING ACCOUNTANTS’ REP
Page 50 and 51: 48 INVESTIGATING ACCOUNTANTS’ REP
Page 52 and 53: 50 REPORT ON DIRECTORS’ FORECAST
Page 54 and 55: 52 REPORT ON DIRECTORS’ FORECAST
Page 57 and 58: RISK FACTORS RISK FACTORS SECTION 8
Page 59 and 60: Force Majeure force majeure is a te
Page 61 and 62: GR Engineering’s founding directo
Page 63 and 64: MATERIAL AGREEMENTS SECTION 9 GR En
Page 65 and 66: (c) bank Guarantee - the company ha
Page 67 and 68: 9.7 Executive Employment Agreement
Page 69 and 70: 9.9 Executive Employment Agreement
Page 71 and 72: (d) no consideration is payable for
Page 73 and 74: CORPORATE GOVERNANCE SECTION 10 GR
Page 75 and 76: 10.4 Summary of Remuneration Commit
Page 77 and 78: 10.14 Summary of Risk Management Po
Page 79 and 80: Recommendation 2.6: companies shoul
Page 81 and 82: details of each of the director’s
Page 83 and 84: ADDITIONAL INFORMATION SECTION 11 G
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Winding Up Subject to the rights of
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(p) if there is a bonus share issue
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1. based on the number of Shares to
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and no amounts have been paid or ag
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HISTORICAL FINANCIAL STATEMENTS SEC
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12.2 Statement of Comprehensive Inc
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12.4 Statement of Financial Positio
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(c) Revenue Revenue is recognised t
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(j) Interest-Bearing Loans and Borr
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(p) Inventories inventories are val
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12.10 Issued Capital balance as at
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DEFINITIONS SECTION 13 GR EnGinEERi
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“Employee Priority Offer” means
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DIRECTORS’ STATEMENT SECTION 14 G
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CORPORATE DIRECTORY DIRECTORS Barry
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