Key Concepts (2012)

KEY CONCEPTS
Year ending 30 June 2012

OVERALL:

Saunders International's largest or 'Ultimate' clients this year include: Alcoa, RAAF, BP, Rio Tinto, Caltex, Santos, Exxon,Mobil, Shell, FMG, Terminals, Fuel.

 Saunders International are in a very strong financial position.

There has been no changes in the team of directors this year. 

2012

• Revenue for 2012 experienced a decrease from 52 million in 2011 to 46 million in 2012, which is a 13% decrease from the previous year, which is attributed to the softness of the market through the year.
• Profit before Income tax had an increase from 2.8 million to 6.2 million in 2012.
• Income tax expense was also at an increase though, from 806 thousand to 1.7 million in 2012.
• the profit attributable from members of Saunders International was at an increase from 1.8 million to 4.4 million in 2012.
• legal costs for this year were at a decrease to 0.75 million, wherein there was a decision on the dispute in the case of Saunders v Built Environs.
• There is still a delay in the release of major projects this year. Saunders has built a better backlog so that some projects may be completed on time.
• The directors consider the Company to be in very strong financial position at year end. Cash totals $17 million which is equivalent to with no interest bearing debt.
• there has been no changes in the remuneration areas this year.
• Saunders International made use of Deloitte again this year for auditing services.