McConnell Dowell 2019 Annual Review

64 McConnell Dowell Group Financial Statements 2019 Consolidated All figures are in A$ 000’s Note 2019 2018 3. Operating expenses Operating expenses include the following items: Salaries & wages (222,987) (298,084) Subcontractors (435,644) (439,293) Materials (96,255) (155,662) Plant costs (72,016) (130,398) Indirect project costs (52,000) (93,560) Administrative expenses (33,589) (30,324) Operating lease payments (7,211) (7,241) Forex gains 70 373 Total operating expenses (919,632) (1,154,189) 4. Finance income and costs Finance income Interest income 671 961 Total finance income 671 961 Interest income is recognised and accrued on interest bearing cash accounts. Any amounts not recognised in closing cash balances, are accrued using the effective interest rate on an account by account basis. Finance costs Interest expense (864) (1,096) Other finance costs (1,051) (1,753) Total finance costs (1,915) (2,849) All figures are in A$ 000’s 2019 2018 5. Dividends paid Dividends paid to non-controlling interest: Final unfranked dividend declared in the year 5(a) - 110 Total dividends declared and paid - 110 5(a) No dividends were declared or paid to the non-controlling interest of PT McConnell Dowell Indonesia (2018, in whole dollars: $110,106). Notes to the annual financial statements (continued) for the year ended 30 June 2019