Financial Highlights

1     Excludes one-off impairment charge
       (SSR Project) and discontinued
       operations (Trafalgar)

2 Excludes discontinued operations (Trafalgar)

Review of operations

Electrical & Communications division continues to be a market leader in the Australian electrical engineering, contracting and services market.

Mechanical division has more than 65 branches across Australia, New Zealand, India and more recently, the United Arab Emirates.

Fire and property services division includes Norfolk’s property services and building products businesses.

Chairmans report

Taking into account the full impact of the now well-documented global financial crisis, the Board believes it is a solid result by Norfolk to have delivered a normalised EBIT result within the revised range of $27 million to $30 million.