Laing O'Rourke Annual Review 2009 Financial statements 13 Investments in joint ventures and associates ( continued) The analysis of revenue, income, assets and liabilities of the Group's interest in joint ventures and associates is set out below: Joint Joint ventures Associates Total ventures Associates Total 2009 2009 2009 2008 2008 2008 £ m £ m £ m £ m £ m £ m Revenue 561.5 - 561.5 281.0 - 281.0 Operating profit 64.0 - 64.0 26.3 - 26.3 Net finance expense ( 1.9) - ( 1.9) ( 0.5) - ( 0.5 ) Profit before tax 62.1 - 62.1 25.8 - 25.8 Tax expense ( 5.7) - ( 5.7) ( 2.5) - ( 2.5) Profit after tax 56.4 - 56.4 23.3 - 23.3 Non- current assets Goodwill - 4.4 4.4 - 4.4 4.4 Property, plant and equipment 67.6 - 67.6 96.0 - 96.0 Other non- current assets 28.5 0.7 29.2 0.5 - 0.5 Current assets Cash and cash equivalents 16.5 - 16.5 39.4 - 39.4 Other current assets 254.2 5.5 259.7 128.4 5.0 133.4 Total assets 366.8 10.6 377.4 264.3 9.4 273.7 Current liabilities Borrowings ( 52.9) - ( 52.9) ( 56.2) ( 0.1) ( 56.3) Other current liabilities ( 223.9) - ( 223.9) ( 119.1) - ( 119.1) Non- current liabilities Borrowings ( 30.2) ( 0.8) ( 31.0) ( 69.2) - ( 69.2) Other non- current liabilities ( 8.8) - ( 8.8) ( 2.2) - ( 2.2) Total liabilities ( 315.8) ( 0.8) ( 316.6) ( 246.7) ( 0.1) ( 246.8) Net assets 51.0 9.8 60.8 17.6 9.3 26.9 Financial commitments 9.0 - 9.0 2.6 - 2.6 Capital commitments 11.5 - 11.5 21.1 - 21.1 72- 73

Notes to financial statements for the year ended 31 March 2009 14 Property, plant and equipment Group owner Other land Plant, occupied and equipment property buildings and vehicles Total £ m £ m £ m £ m Cost At 1 April 2008 17.9 22.5 385.5 425.9 Additions 1.8 5.8 98.7 106.3 Acquisitions - - 2.5 2.5 Disposals ( 0.5) ( 1.2) ( 29.8) ( 31.5) Exchange differences 0.5 2.5 21.4 24.4 At 31 March 2009 19.7 29.6 478.3 527.6 Accumulated depreciation At 1 April 2008 1.1 6.9 156.0 164.0 Depreciation charge for the year 0.3 2.6 58.1 61.0 Disposals ( 0.1) ( 0.8) ( 13.1) ( 14.0) Exchange differences 0.2 1.1 10.6 11.9 At 31 March 2009 1.5 9.8 211.6 222.9 Net book value at 31 March 2009 18.2 19.8 266.7 304.7 Cost At 1 April 2007 17.0 19.1 326.0 362.1 Additions/ transfers in 0.7 4.0 88.4 93.1 Disposals ( 0.5) ( 0.7) ( 31.0) ( 32.2) Exchange differences 0.7 0.1 2.1 2.9 At 31 March 2008 17.9 22.5 385.5 425.9 Accumulated depreciation At 1 April 2007 0.8 5.3 129.8 135.9 Depreciation charge for the year 0.2 2.0 50.1 52.3 Disposals - ( 0.4) ( 24.3) ( 24.7) Exchange differences 0.1 - 0.4 0.5 At 31 March 2008 1.1 6.9 156.0 164.0 Net book value at 31 March 2008 16.8 15.6 229.5 261.9 No impairment charges were made during the year ( 2008: £ nil). Acquisitions relate solely to the purchase of the Hecdal scaffolding business in Australia.