McConnell Dowell 2019 Annual Review

91 Annual Review 2019 All figures are in A$ 000’s 2019 2018 Consolidated statement of comprehensive income for the year ending 30 June 2019 Revenue 505,022 707,689 Less: change in revenue estimates - - Net Revenue 505,022 707,689 Other income 3,685 7,544 Total Income 508,706 715,233 Operating expenses (504,066) (697,536) Finance income 714 689 Finance costs (1,486) (2,601) Depreciation and impairment of fixed assets (3,578) (4,418) Related Party Loan write-off * (7,241) - Profit / (loss) before tax (6,952) 11,367 Income tax expense (234) (730) Profit / (loss) after tax for the year (7,186) 10,637 Total comprehensive income / (loss) for the year, net of tax (7,186) 10,637 Attributable to: Members of the parent entity (7,186) 10,637 Non-controlling interest - - Total comprehensive income / (loss) for the year, net of tax (7,186) 10,637 Closed Group During the year no dividend was declared and paid to Aveng Australia Holdings Pty Ltd, the immediate parent of McConnell Dowell Corporation Ltd (2018: nil). * During the year the Directors initiated the Voluntary Liquidation of non-operating entities, in doing so it has forgiven the repayment of loans owing from those entities to the Parent Companies within the Australian Closed Group.