Key concepts (2011)

KEY CONCEPTS 
Year ending 30 June 2011

OVERALL:

• Saunders International have a recognition section for their "Ultimate", or "best" clients, such as BP, Caltex, Santos, Shell, Newcrest Mining, Rio Tinto, BHP. All larger organisations, outsourcing to get their work completed
• The company directors have not changed over the last four years.

2011

• Revenue went up from 52 million from 44 million, which is a 19% increase, which occurred particularly in the design and construction departments of Saunders International.\
• Income tax expense experienced a decrease from 1.7 million in 2010, to 806 thousand in 2011
• Profit from members of saunders international experienced a decrease from 4,031 million in 2010, to 1,880 million in 2011.
• During this year the principle activities of Saunders were design, construction and maintenance of steel storage tanks and project management of ancillary facilities
• there were LARGE financial costs for this year at 3.6 million due to the ongoing dispute Saunders International was involved in.
• There is a back log on projects in the design and construction industry this year (2011).
• The director believes that Saunders International is in a strong financial position.
• There is a decrease in turnover this year, but an increase in employment opportunities from 170-190.
• Saunders International provides long term remuneration packages for high level management, and key management personnel.
• there was no significant change in state of affairs this year
• Saunders International use external auditing services each year (Deliotte)