2012 was a year of solid growth for GHD with revenue rising by
almost 12 percent to AUD1.12 billion.
Our growth was underpinned by increased workflow from major
energy and resources clients and from the addition of seven new
firms that joined GHD. The largest mergers took place in the USA
and Canada, while other important integrations were completed in
the UK and Australia. The key benefit to our operations has been
the addition of many wonderful people, clients and capabilities
that make GHD a more diverse, talented and ultimately more
Overall, GHD has retained a very buoyant financial position. We
concluded our mergers while maintaining very low net debt levels.
This was the result of prudent financial decision making and
effective working capital management by teams in all parts of our
We also expanded and extended our debt facilities during the
year. At the time of writing this report, we have in excess of
AUD150 million in unused facilities. Our strong performance and
financial standing places GHD in a robust position to capitalise on
further growth opportunities with our clients around the world.
Non Current Liabilities
Source: Consolidated Financial Statements as at
30 June 2012 for GHD Group Pty Ltd.