1、MERMAID MARINE1Chairmans Address.2Mermaid Fleet.12Corporate Governance Statement.14Directors Report.17Statement of Financial Performance.30Statement of Financial Position.31Statement of Cash Flows.32Notes to the Financial Statements.33Directors Declaration.65Additional Stock Exchange Information.66I
2、ndependent Audit Report.68Table of ContentsThe Burrup Peninsula,showing Mermaids new base under construction,adjacent to Woodside Petroleums facility,with LNG tanker departing in background.The year 2001 will mark the defining moment between the past,thepresent and the future for Mermaid Marine Aust
3、ralia Limited.The pastwas 1982 to 2000,a period when the Company was a successful andgrowing marine company,but offered no greater leverage than an abilityto successfully and profitably operate a vessel fleet.The present year saw record profitability from those vessels,but more importantlyGovernment
4、 approvals were received to develop the Dampier Base.The future startedwith construction of that base in October 2000 and the arrival of heavy dredgingequipment from Singapore.At that moment,a door opened to a new and exciting futurefor Mermaid,which during this next extremely challenging twelve mon
5、ths,will see theCompany become a truly integrated oil and gas services company,involving a range ofbusinesses,all mutually supportive,each holding a competitive edge in their varioussectors.New skills were required to convert the opportunity to reality and in SeptemberChairmans AddressDredge used du
6、ring the BaseExpansion Project.MERMAID MARINE32000,we attracted the talented and successful engineering manager,Mark Bradley to joinour Company as Chief Executive.Upon joining,he confirmed his enthusiasm forMermaids future,by purchasing shares at the reigning market price to become a top fourShareho