provision raised against pre-contractcostsuntilERGwoncontract or identifiedassolepreferred tenderer. -- http://www.voy.com/100711/1/

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Subject: provision raised against pre-contractcostsuntilERGwoncontract or identifiedassolepreferred tenderer.

Author:
ERG's handling of provisions
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Date Posted: 19:50:05 12/27/02 Fri
In reply to: reduction value one currency relation to other currencies. 's message, "provision" on 19:38:15 12/27/02 Fri

A provision is raised against pre-contract costs until ERG has won the contract or is identified as the sole preferred tenderer.

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Replies:

Subject Author Date

The AFC side of ERG's business last Financial year 30/6/2001 to 30/6/2002 reported 12/9 audited 1/10 Beforeoneoff items,anoperating profit $3.7 mill wasrecorded. 19:56:26 12/27/02 Fri

Re:Provision for project losses and delays 15,238 30/6/2001 to 30/6/2002 reported 12/9 audited 1/10 Provision for project losses and delays 15,238 20:01:49 12/27/02 Fri

Re:sale of EDI Downer (remainder)$13 million30/6/2001 to 30/6/2002 reported 12/9 audited 1/10 -- ASX# announcement 10/7/02sold 9/7post June30 falling/this FY, 20:08:38 12/27/02 Fri

had 55 million shares odd---to sell EDI Downer. -- had 55 million shares odd---to sell EDI Downer., 21:13:09 12/27/02 Fri

Re:volume of EDI Downer on the 9/7 was 27.5 mill -- EDI as partconsidertaion for sale of ERG Connect, 21:21:00 12/27/02 Fri

Provision for project losses/delays(5,068)2ndHalf 30/6/2001 to 30/6/2002 reported 12/9 audited 1/10 -- 2ndHalf 30/6/2001 to 30/6/2002 reported 12/9 audited 1/10, 20:21:47 12/27/02 Fri

Subject	Author	Date
The AFC side of ERG's business last Financial year 30/6/2001 to 30/6/2002 reported 12/9 audited 1/10	Beforeoneoff items,anoperating profit $3.7 mill wasrecorded.	19:56:26 12/27/02 Fri

Re:Provision for project losses and delays 15,238 30/6/2001 to 30/6/2002 reported 12/9 audited 1/10	Provision for project losses and delays 15,238	20:01:49 12/27/02 Fri
Re:sale of EDI Downer (remainder)$13 million30/6/2001 to 30/6/2002 reported 12/9 audited 1/10 -- ASX# announcement 10/7/02sold 9/7post June30 falling/this FY, 20:08:38 12/27/02 Fri had 55 million shares odd---to sell EDI Downer. -- had 55 million shares odd---to sell EDI Downer., 21:13:09 12/27/02 Fri Re:volume of EDI Downer on the 9/7 was 27.5 mill -- EDI as partconsidertaion for sale of ERG Connect, 21:21:00 12/27/02 Fri Provision for project losses/delays(5,068)2ndHalf 30/6/2001 to 30/6/2002 reported 12/9 audited 1/10 -- 2ndHalf 30/6/2001 to 30/6/2002 reported 12/9 audited 1/10, 20:21:47 12/27/02 Fri