Macmahon (MAH) 2013年年度报告「ASX」.pdf

1、Annual Report 2013Chairmans report 2Chief Executive Officers report 4Chief Financial Officers report 9Strategy and outlook 12Operational overview 15People and safety 18Executive team 22Company timeline 23Financial report 25Summary of consolidated results 127ASX additional information 129Glossary 132

2、Contents2 MACMAHON HOLDINGS LIMITED ANNUAL REPORT 2013The 2013 Financial Year has been a transformative period for Macmahon as the Company repositioned itself for the future.In the Companys 50th year of operation,Macmahon has moved away from its traditional roots in the construction sector to better

3、 focus on its mining activities that will deliver success and longevity.The Boards decision to exit the construction sector in December 2012 followed a period of turbulence for Macmahon,with the Construction Business delivering inconsistent results over recent years and,in 2013,significant losses.Th

4、e sale of the majority of Macmahons construction projects to the Leighton Group and the subsequent completion of most of the residual projects has resulted in a significant shift in the Companys business model.The new Macmahon is now better positioned as a dedicated mining contractor,with the abilit

5、y to build on the success of its existing Mining Business to deliver more sustainable returns for our Shareholders.The Board is confident this new focus will enable the Company to move beyond the challenges of recent times and focus on the most successful parts of the business.Financial performanceI

6、 am extremely disappointed to report that the Company recorded a net loss after tax of$29.5 million for the 2013 Financial Year.This loss was the direct result of difficulties and challenges faced by our Construction Business during the year.Consequently,no dividend will be declared for 2013.On beha