Five-year performance summary

How to interpret this years results

The control and influence Landcom has over a project depends on the type of project, how it’s delivered, the end product and our level of involvement. For reporting purposes, we categorise our projects into those that deliver ‘land’ and those that deliver ‘built form’.

  • Projects that deliver land

    These are projects where we subdivide land and sell it directly to the public. While we have no, or limited, control of the buildings subsequently erected, we can influence design and sustainability initiatives through our design guidelines or through the development approval process.
  • Projects that deliver built form

    For these projects, we subdivide land and retain an involvement throughout part, or all, of the building process. We exercise control over the built form through either joint ventures, project delivery agreements or other builder partnering arrangements. This allows us to promote sustainability and urban design objectives.

The sustainability data we collect are based on each project reaching a specific milestone. The 21 projects that this year’s report covers are those that achieved these milestones in 2010-2011.

The milestones and the reporting indicators relevant to each, are set out in the table on page 32.

Immediately following the table is a list of the projects that are included in this year’s report. Note that not all indicators are applied to every project at each milestone. This reflects our different levels of ownership and roles in each project. Which indicators apply also depends on what was delivered during the year.

Our project and corporate responsibility results follow on from these tables and include a detailed analysis of this year’s results.

How to read the tables

The results which appear in tables throughout this report are generally recorded in whole numbers. However, there are circumstances where the sensitivity of a result and our need to be accountable calls for greater accuracy. While this may result in minor inconsistencies in the way  our results are presented, our overall aim is to be transparent and to help readers understand and interpret our performance.

The exceptions to reporting in whole numbers are:

  • Results expressed as a percentage are provided in whole numbers, with results rounded up or down to the nearest whole number. The two exceptions to this rule are:
    • any results against targets that are themselves expressed to one decimal point (e.g. our 7.5% moderate income housing target)
    • when the result is 66.6% (rounded down to 66% for ease of understanding).
  • Results that reflect units of measurement are recorded to one decimal place where the unit of measurement is large (e.g. tonnes, hectares). Results against smaller units of measurement (e.g. metres) are expressed in whole numbers only, with results rounded up or down to the  nearest whole number.
  • A zero result may be recorded either as not applicable (N/A) or no result where this better explains the result for the reader.
  • Financial results are generally provided to two decimal places. This conforms to standard accounting practices.

In the tables, ‘first generation’ indicators (2008-2009 and earlier) that were either removed or amended in the ‘second generation’, appear in italics. An explanation of certain words and terms used in this report is included in the glossary.

Milestone table

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Projects reported in 2010-2011

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