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Austal : FY2016 Annual Report to Shareholders

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08/29/2016 | 12:21am CEST

AUSTAL LIMITED 2016 ANNUAL REPORT

Contents 1

Index to the notes to the financial statements 3

Chairman's report 4

Chief Executive Officer's report 6

Review of operations 9

Directors' report 12

Remuneration report (audited) 18

Auditor independence 42

Consolidated statement of profit or loss and other comprehensive income for the year ended 30 June 2016 43

Consolidated statement of financial position as at 30 June 2016 44

Consolidated statement of changes in equity for the year ended 30 June 2016 45

Consolidated statement of cash flows for the year ended 30 June 2016 46

Notes to the financial statements 47

Directors' declaration 119

Independent audit report to the members of Austal Limited 120

Shareholder information 122

Corporate governance statement 123

Corporate directory 123

Independence variant Littoral Combat Ship USS Jackson (LCS 6) completing the first of three full-ship shock trials in 2016. (U.S. Navy photo by Mass Communication Specialist 2nd Class Michael Bevan/Released)

Basis of preparation 47

Current year performance 57

Capital structure 75

Working capital 81

Infrastructure & other assets 86

Other liabilities 94

Financial risk management 96

Unrecognised items 109

The Group, management and related parties 110

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