1 Assignment for Submission Subject: BUACC 5930, Accounting Concepts and Practices Semester 1, 2020 This is a Group Assignment. This is due in week 10 or 11. All questions must be completed. Question...

1

Assignment for Submission
Subject: BUACC 5930, Accounting Concepts and Practices
Semester 1, 2020
This is a Group Assignment. This is due in week 10 or 11.
All questions must be completed.
Question 1.
Lendlease is an international property and infrastructure Company. It is cu
ently the
fifth largest in Australia.
The 2019 integrated annual report for the Company is provided on the subject Moodle shell.
Using the 2019 Report, compare the financial results of the Company between 2018 and
XXXXXXXXXXYou should use any financial information provided in the 2019 reports (including
atios, and na
atives) to conclude on the improvements or not in financial position and
profitability. You discussion should focus on reasons for this.
What other information would you need to make an assessment of Lendlease?
Word Limit 1100 words, Marks = 45
Question 2.
The 2019 integrated annual report is the fourth for Lendlease. Explain what is an
integrated report, and how Lendlease is Managing and Measuring Value.
What is your opinion of the Sustainability achievements of Lendlease?
Word Limit 750 words, Marks = 30
2

Question 3:

Exercise 12.10 McClean, Roberts and Associates page 570, Hoggett et al., (2018)


(10 marks)


Question 4.

Exercise 18.9 Trinh’s Nail Supplies, page XXXXXXXXXX, Hoggett et al., XXXXXXXXXXPart a only.

XXXXXXXXXXmarks)

3

BUACC5930, Group Assignment Marking Scheme

Names: Student Numbers:



Bases of assessment Marks Possible
Question 1

Comparing the financial results from 2018 to 2019.

Use of key results (and their explanation) including ratios
and na
ations (15 marks).

Discussion on the improvements or not in financial
position and profitability, and reasons (15 marks).

What other information would you need to make an
assessment of the company? (15 marks)
/ 45
Question 2.

Examination of how Lendlease is Managing and Measuring
Value (10 marks)
How do you rate the sustainability of Lendlease? (20
marks).
/ 30
Question 3

Presentation and Accuracy of all parts


/ 10
Question 4

Presentation and Accuracy of all parts

/ 10
Overall Presentation – including cover page, line
spacing, page numbering, referencing according to
the APA 7.
(see https:
federation.edu.au/li
ary/guides/help-
with-referencing
/ 5
Total / 100
https:
federation.edu.au/li
ary/guides/help-with-referencing
https:
federation.edu.au/li
ary/guides/help-with-referencing

19 August 2019

Lendlease Corporation Limited ABN XXXXXXXXXXand
Lendlease Responsible Entity Limited ABN XXXXXXXXXXAFS Licence 308983
as responsible entity for Lendlease Trust ABN XXXXXXXXXXARSN XXXXXXXXXX

Level 14, Tower Three, International Towers Sydney Telephone XXXXXXXXXX
Exchange Place, 300 Barangaroo Avenue Facsimile XXXXXXXXXX
Barangaroo NSW 2000 Australia lendlease.com
Lendlease Group 2019 Annual Report

Lendlease Group today announced its results for the year ended 30 June 2019. Attached is the
2019 Annual Report, including:
▪ Directors’ Report
▪ Remuneration Report
▪ FY19 Financial Statements


ENDS

FOR FURTHER INFORMATION, PLEASE CONTACT:
Investors: Media:
Justin McCarthy Stephen Ellaway
Mob: XXXXXXXXXXMob: XXXXXXXXXX
Lendlease Annual Report 2019
As the
world
einvents
itself
Lendlease Annual Report 2019 / 33
4. Managing and Measuring Value 38
Our five focus areas of value creation 40
Health and Safety 42
Financial 44
Our Customers 46
Our People 48
Sustainability 50
5. Risk 56
Risk governance and management 58
Key risks and mitigation 60
6. Performance and Outlook 62
7. Governance 76
Board of Directors’ information 78
Remuneration Report 92
Directors’ Report 124
Lead Auditor’s Independence Declaration 126
8. Financial Statements 128
9. Other Information 198
Securityholder information 200
Glossary 203
Corporate Directory 204
Contents
Directors’ Report
1. Our Business 4
Our vision to create the best places 6
FY19 highlights 8
Chairman’s Report 10
Group CEO and Managing Director’s Report 12
2. The Role We Play 14
Our strategy and capabilities 16
Global presence, gateway cities 17
Global trends influencing our strategy 18
Development 20
Construction 22
Investments 24
3. The Value We Create 26
Partnering 28
Connected developments 30
Populations are changing 32
Sustainable communities matter 34
Creating the future 36
Lendlease Corporation Limited
ABN XXXXXXXXXX
Incorporated in NSW Australia
Lendlease Responsible Entity Limited
ABN XXXXXXXXXX | AFS Licence 308983
as responsible entity for Lendlease Trust
ABN XXXXXXXXXX | ARSN XXXXXXXXXX
The world in which we operate is rapidly changing. A number of global trends, including u
anisation and
technology, are reshaping the way people across the planet live. Increasingly, governments and our other
customers are looking to Lendlease for solutions. Fittingly, the theme of this year’s annual report is ‘as the
world reinvents itself’.
At Lendlease, we have five focus areas that contribute to creating long-term value for our securityholders
and the
oader community. Icons are used throughout the report linking our activities to this value creation.
Lendlease presents its fourth integrated annual report to
communicate how our business operates, our competitive
advantage, and our performance and outlook.
Front Cover
The Exchange, Darling Square, Sydney
Almost 20km of sustainably sourced timber wraps
The Exchange, or as locals call it, the ‘bamboo basket’.
Award-winning
International House,
Barangaroo South, Sydney
In shaping cities and
creating noteworthy places,
we look to innovate around
product and design.
About this report
The Lendlease Annual Report 2019 has been prepared with
eference to the International Integrated Reporting (IR)
Framework that encourages businesses to consider what
creates value for them and how this value contributes to
long-term sustainable returns for securityholders.
Materiality
A matter is considered material if Lendlease’s senior
management and those charged with governance believe it
could significantly impact the value created and delivered in
the short, medium and long term. Lendlease identifies and
captures material matters through the following processes:
• Project Control Group (PCG) sessions, which include
key internal stakeholders and represent the governance
structure for overseeing the completion of the annual report
• Capturing feedback through engagement and research
during the financial year from key external stakeholders
including investors, analysts, and other relevant groups
• Engagement with the Board
• Confirming that the strategy and the global trends
influencing our strategy are consistent and relevant with the
information collected above.
The outcomes of these processes are the material issues noted
on page 40, and our strategy and the global trends influencing
it on pages 16 to 19.
Directors’ Report and Operating and Financial Review (OFR)
The required elements of the Directors’ Report, including the
OFR, are featured on pages 4 to 127 of this report and include
the sections: Our Business, The Role We Play, The Value We
Create, Managing and Measuring Value, Risk, Performance
and Outlook, and Governance. The OFR is covered
specifically on pages 4 to 75. All non-financial metrics included
in the Directors’ Report on pages 4 to 61 have been verified
through our internal verification process. The Remuneration
Report on pages 92 to 123 and the Financial Statements on
pages 128 to 190 have been audited by KPMG.
Reporting suite
Lendlease’s Reporting Suite provides information about
the organisation and its key financial and operational
achievements including:
• The Annual Report. Features information on Lendlease, our
strategy, integrated financial and operational performance,
corporate governance, Directors’ Report, Remuneration
Report and Financial Statements
• Bi-annual Results Presentation. The cu
ent reporting
period’s financial results and detailed segment information
for projects, investments and pipeline
• www.lendlease.com Includes additional information
on sustainability reporting, corporate governance, tax
compliance and historical financial information.
All financial amounts in this report are in
Australian dollars unless otherwise specified.
Lendlease Annual Report 2019 / Our Business / 5As the world reinvents itself4
Our
Business
Southbank, Chicago
(artist’s impression)
Lendlease is undertaking a
major revitalisation on the
anks of the Chicago River,
on a site that has been mostly
dormant for half a century.
1
Being bold and innovative characterises
our approach and doing what matters
defines our intent.
We create award-winning u
an precincts,
new communities for older people and
young families just starting out, retail
precincts, and work places to the highest
sustainability standards. We are also
privileged to create essential civic and
social infrastructure including state-of-
the-art hospitals, universities and stadiums
around the world.
Lendlease has been entrusted with many
projects of public, cultural and social
significance: constructing the Sydney
Opera House, creating the National
September 11 Memorial & Museum in New
York, and restoring and renovating historic
uildings such as London’s Tate Britain and
National Theatre.
As we expand our experience and our
footprint, we aspire to continue creating
places people want and care about, and
providing value for securityholders and the
oader community.
Headquartered in Sydney, our people are
located in four operating regions: Australia,
Europe, the Americas and Asia.
Lendlease is an international
property and infrastructure group
with core expertise in shaping
cities and creating strong and
connected communities.
As the world reinvents itself6 / Lendlease Annual Report 2019 / Our Business / 7
Our values.
Respect
Be dedicated to relationships.
Integrity
Be true to our word.
Innovation
Be challenging in our approach.
Collaboration
Be one team.
Excellence
Be exceptional in everything we do.
Trust
Be open and transparent.
Our values guide our actions so we can do our best
work and create long-term value for securityholders
and the community.
Our best work.
Places where people