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CIMIC Group Limited Annual Report 2016 |
Financial Report
Notes continued
for the 12 months to 31 December 2016
26. JOINT VENTURE ENTITIES
CONTINUED
a) Material joint ventures
continued
The following tables provide summarised financial information and reconciles the carrying amount of the Group’s interest, and its share
of profit or loss and other comprehensive income of its equity accounted investment in HLG Contracting.
Summarised profit or loss
1
12 months to
December 2016
$m
12 months to
December 2015
$m
Revenue
2,702.5
2,573.5
Depreciation and amortisation
(24.3)
(9.8)
Other expenses
(2,782.9)
(2,529.1)
Share of profit / (loss) of joint venture entities
1.2
6.2
Earnings before interest and tax (“EBIT”)
(103.5)
40.8
Finance income
1.3
3.2
Finance costs
(82.7)
(74.0)
Net finance income / (costs)
(81.4)
(70.8)
Profit / (loss) before tax
(184.9)
(30.0)
Income tax (expense) / benefit
(2.6)
(1.8)
Profit / (loss) for the period
(187.5)
(31.8)
Other comprehensive income
-
-
Total comprehensive income
(187.5)
(31.8)
Group’s ownership interest
45%
45%
Group’s total share of:
Profit / (loss) for the period
(84.4)
(14.3)
Other comprehensive income
-
-
Total comprehensive income
(84.4)
(14.3)
Dividends received from HLG Contracting
-
-
1
Results give the full results of HLG Contracting for the periods shown. HLG Contracting was classified as an associate until 1 December
2016
.
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