1、construction l mining l engineering l ppps2014 ANNUAL REPORTLEIGHTON HOLDINGS LIMITEDABN 57 004 482 .auLeightonGroupLeighton Holdings Limited Annual Report 2014 1 2014 Annual Report CONTENTS Section Page Executive Chairman and CEOs Review 2 Directors Report 4 Operating and Financial Review 12 Remune
2、ration Report 27 Financial Report 44 Shareholdings 150 Shareholder information 152 Glossary 153 In this Annual Report a reference to Group,we,us or our is a reference to Leighton Holdings Limited ABN 57 004 482 982 and the entities that it controls unless otherwise stated.The Leighton Holdings corpo
3、rate governance statement is available on our website,in the section titled Board and Governance(.au/our-approach/board-and-governance/corporate-governance-approach).Leighton Holdings Limited Annual Report 2014 2 Executive Chairman and CEOs Review Dear Shareholders,As the Leighton Holdings Executive
4、 Chairman and CEO,I am proud to provide you with this review of the Leighton Groups progress during 2014.STRATEGIC REVIEW 2014 marked the commencement of the transformation of the Leighton Group.We began a significant restructure,making progress on the objectives we set in June 2014 of strengthening
5、 the balance sheet,streamlining our operating model,and improving project delivery.Our achievements included establishing dedicated,streamlined and efficient businesses focused on contract mining,construction,public private partnerships,and engineering.We also produced a sustainable reduction in ove
6、rheads,divested John Holland and established a 50:50 investment partnership for the Services operations of Leighton Contractors and Thiess.The John Holland divestment and Services partnership are subject to customary approvals including from the Foreign Investment Review Board.PERFORMANCE OVERVIEW T