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APIC 2 – Asia Pacific Investment Company No. 2 Limited. ARIF – Lend Lease’s Asian Retail Investment Fund. BREEAM – The Building Research Establishment Environmental Assessment Method and rating system for measuring the environmental performance of buildings in the United Kingdom. Construction backlog revenue – The balance of work to be completed under existing construction contracts. CRC – The Carbon Reduction Commitment is a UK mandatory cap and trade scheme proposed to cut carbon emissions by 1.2 million tonnes of carbon per year by 2020. Darling Harbour Live (formerly known as Sydney International Convention, Exhibition and Entertainment Precinct, SICEEP) – In conjunction with the NSW Government, Development pipeline – Estimated end value of all our secured development projects based on today’s market values. Distribution – Interim and final dividend/distribution from the Company and Trust. Distribution payout ratio – Distribution divided by Operating Profit after Tax. Earnings per Security – Operating Profit after Tax divided by the weighted average number of securities on issue during the year (including treasury securities). EMEA – Europe, Middle East & Africa. Financial close – The point at which the parties to a project procured under a public sector infrastructure development contract are irrevocably committed through the execution of unconditional contracts. |
GMR – Global Minimum Requirements are Lend Lease’s minimum environment, health and safety standards designed to control the risks associated with our asset and construction operations. Green Star rating – Green Star is a national voluntary environmental rating system used by the Green Building Council of Australia to evaluate the environmental design and achievements of buildings. LEED – Leadership in Energy and Environmental Design, an internationally-recognised green building certification system. New work secured revenue – Estimated revenue to be earned from construction contracts secured during the period. When formal contracts are signed, the new work secured becomes part of construction backlog revenue. NGERS – National Greenhouse and Energy Reporting Scheme which provides data and accounting in relation to greenhouse gas emissions and energy consumption and production. Operating Profit after Tax – Statutory Profit after Tax excluding net unrealised property investment revaluations. PAL – US Department of the Army’s Privatization of Army Lodging (PAL) program. Public Private Partnerships (PPP) – A joint procurement arrangement for infrastructure development contracts between the public and private sectors. Zoned – Land that has received planning approval from the relevant authority. Return on Equity – A measure of profitability that reveals how much profit the Group generates from funds invested by securityholders. It is calculated as Statutory Profit after Tax attributable to securityholders divided by arithmetic average of beginning, half year and year end securityholders’ equity. Statutory Profit after Tax – Profit after tax attributable to securityholders, determined in accordance with Australian Accounting Standards. |