Ann: FY14 Results Presentation, page-8

According to page 16 of the slide, the construction pipeline are actually 67M for FY 14, 36M for FY 15 and 131M for FY 16.

I don't see any projection for the total revenue for FY 15.

Based on page 36 of the Financial statement, the revenue for FY 14 are broken down as follow:
Construction contract revenue 189,214k (189 millions)
Revenue from sale of development properties 6,074k (6 millions)

Now, the 6 millions is quite okay, they are hard to play with. The 189 millions revenue (not projection, actual revenue) is where there are quite a big leeway to play with as accountant.

Under accounting standard, revenue for construction is recognised normally under % of completion basis. (page 32 of the financial report has this full policy explained:
For fixed price contracts, construction contract revenues and expenses are recognised on an individual contract basis using the percentage of completion method. Once the outcome of a construction contract can be estimated reliably, contract revenues and expenses are recognised in the Statement of Profit or Loss and Other Comprehensive Income in proportion to the stage of completion of the contract. The stage of completion is measured by reference to actual costs incurred to date as a percentage of estimated total costs for each contract.)

To explain it simply:
If they are building a $100 million building, and they think the cost will be $80 million. And this year they have spent $40 million on the building, they would assume that the building is 50% completed.

Thus revenue recognized will be 50% x $100 million = $50 million, and they make $50m - $40m = $10m profit before overhead.

But this is a rough estimate. Will the house be truly worth $100 million? Is the construction really 50% completed?

Anyway, I'm aware it's not answering the question "what's FY 15 projection of revenue is", because they simply didn't seem to disclose it, but I hope it explains a bit more on how revenue in construction company is recognized.