SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS

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The directors present their report on the consolidated entity consisting of WorleyParsons Limited (Company) and the entities it controlled (Group or consolidated entity) at the end of, or during, the year ended 30 June 2016.

Effective 1 July 2015, the Group established its advisory and consulting business, Advisian, as an additional business line. As a result, the business operations are managed and reported by the following business lines: Services, Major Projects, Improve and Advisian. Changes in business lines reporting also included, among other changes, the Group’s Canadian construction and fabrication business Cord now being reported as a part of Major Projects. In addition, during FY2016, a fully-costed information technology model was introduced which resulted in transition of selected costs from global support costs to each of the operating business lines. This represents a change to the operating segments reported in the previous corresponding period. The previously reported segment results for the year ended 30 June 2015 have been restated to be comparable with the revised segmentation approach as required by AASB 8 Operating Segments.