Determine the victorian desalinisation project

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Assignment:

International contractor Leighton Holdings Ltd has a problem. A meeting of senior executives has reviewed the progress of three major projects and estimated that:

• the Airport Link Project in Brisbane is likely to generate a substantial loss ranging from $182 million to $610 million.

• the Victorian Desalinisation Project is likely to cost at least $200 million more than originally budgeted to construct.

• the Al Habtoor subsidiary based in Dubai is in financial difficulty and will require additional shareholder funding of $230 million. The senior executives are unsure whether the above information requires disclosure. In groups, establish a test or standard that Leighton Holdings can apply to determine whether or not they should disclose.

Reference no: EM133230488

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