Maca : Annual Report to shareholders (88 pages)

2016

ANNUAL REPORT

Standing from left to right:

Peter Gilford Company Secretary, Robert Ryan Non-Executive Director, Geoff Baker Operations Director, Andrew Edwards Non-Executive Chairman, Chris Tuckwell Managing Director, Linton Kirk Non-Executive Director CORPORATE DIRECTORY MACA LIMITED

ABN 42 144 745 782

DIRECTORS

Andrew Edwards

Non-Executive Chairman

Chris Tuckwell Managing Director

Geoff Baker Operations Director

Linton Kirk

Non-Executive Director

Robert Ryan

Non-Executive Director

Peter Gilford Company Secretary

REGISTERED OFFICE

45 Division Street

WELSHPOOL WA 6106

Telephone [phone]

Facsimile [phone]

SOLICITORS

Steinepreis Paganin Lawyers and Consultants

Level 4, The Read Buildings 16 Milligan Street

PERTH WA 6000

AUDITORS

Moore Stephens

Exchange Plaza 2 The Esplanade

PERTH WA 6000

SHARE REGISTRY

Computershare Investor Services Pty Ltd

11/122 St Georges Terrace PERTH WA 6000

STOCK EXCHANGE LISTINGS

MACA Limited shares are listed

on the Australian Securities Exchange

ASX Code : MLD

WEBSITE ADDRESS

www.maca.net.au

CONTENTS

Corporate Directory About MACA	Inside Front Cover 02
Chairman's Address	03
Managing Director's Review of Operations	04
Directors' Report	11
Remuneration Report - Audited	19
Corporate Governance Statement	33
Auditor's Independence Declaration	39
Consolidated Statement of Profit and Loss and Other Comprehensive Income	40
Consolidated Statement of Financial Position	41
Consolidated Statement of Changes in Equity	42
Consolidated Statement of Cash Flows	43
Notes to the Financial Statements	44
Directors' Declaration	78
Independent Audit Report	79
Shareholder Information	81

MACA LIMITED ANNUAL REPORT 2016 1

ABOUT MACA

MACA is a successful mining services and civil construction group providing open pit contracting services to the mining industry including loading and hauling, drilling and blasting, crushing and screening and civil infrastructure services to public and private industry. MACA currently works within Australia and in Brazil in South America.

Incorporated as a private company in November 2002, MACA was admitted to the Australian Securities Exchange ('ASX') in November 2010 following a highly successful initial public offering ('IPO').

MACA has consistently delivered on its earnings forecasts and maintains continuing positive forward projections based on its solid financial and operational capacity. Since listing in November 2010 MACA has paid a total of $1.16 per share in dividends to shareholders.

MACA's mining business specialises in providing mining and crushing services predominantly to mid-size mining projects across a range of commodities. Through its dedicated civil construction and asset maintenance businesses, MACA provides a broad range of civil infrastructure and maintenance services to government and private organisations. The Group currently employs a workforce in excess of 1,200 employees and sub- contractors.

2 MACA LIMITED ANNUAL REPORT 2016