Financial statement

GHD’s ongoing investment in its people, technology, and support infrastructure has driven another year of excellent operational performance. GHD’s global capabilities have been leveraged to deliver enhanced solutions to clients and have also delivered record revenues of AUD675 million.

With operations in 14 countries, and over 6,000 people, GHD’s global presence has delivered innovative solutions to its clients and strengthened the financial performance of the company.

Revenue grew by 31 percent to AUD675 million. Net assets of the group almost doubled to AUD78 million. AUD28 million was invested in fixed assets to support business growth in 2006/2007 and to invest in the technology and support infrastructure essential for the continued growth of the business in the years ahead.
GHD’s robust balance sheet, conservative gearing, and its track-record of financial performance are complemented by a strong relationship with Westpac, the company’s principal banker located in Australia.

GHD’s financial strength and proven performance provides an operating platform for ongoing success that is firmly embedded in the focal points of our strategy – Clients,People, Performance.

Consolidated Financial Statement
Balance Sheet as at 30 June 2007
AUD millions
2007
2006
Current Assets
182.5
136.80
Non-Current Assets
80.8
59.1
Total Assets
263.3
196.4
Current Liabilities
109.7
95
Non Current Liabilities
75.9
62.3
Total Liabilities
185.6
157.3
Net Assets
77.7
39.1
Equity
77.7
39.1

Source – Consolidated Financial Report as at 30 June 2007 for the GHD Group Pty Ltd.