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Financials

Statement Of Comprehensive Income

for the year ended 30 June 2012

  Note 2012
$000 		2011
$000
       
COST OF SERVICES      
       
Expenses      
Employee benefits expense 6 67,971 65,019
Supplies and services 7 454,751 377,580
Depreciation expense of infrastructure assets 8 218,492 209,647
Depreciation and amortisation expense of other assets 9 6,031 4,704
Finance costs 10 1,333 1,585
Grants and subsidies 11 177,311 140,469
Infrastructure assets retired/replaced 12 12,670 15,013
Total cost of services   938,559 814,017
       
Income      
Revenue      
Regulatory fines 13 57,887 18,682
Sale of goods and services 14 4,359 1,988
Commonwealth grants and contributions 15 441,161 196,666
Contributions to roadworks 16 18,499 12,091
Grants from other bodies 17 108,478 39,419
Interest revenue 18 1,748 3,038
Other revenue 19 29,592 7,526
Total revenue   661,724 279,410
       
Gains      
Gain on disposal of non-current assets 20 1,614 1,356
Total gains   1,614 1,356
Total income other than income from State Government   663,338 280,766
       
NET COST OF SERVICES   275,221 533,251
       
Income from State Government 21    
Service appropriations   671,974 555,190
Natural disaster funds   41,361 13,152
Resources received free of charge   732 1,079
Royalties for Regions Fund   1,310 393
Total income from State Government   715,377 569,814
SURPLUS/(DEFICIT) FOR THE PERIOD   440,156 36,563
       
OTHER COMPREHENSIVE INCOME      
Changes in asset revaluation surplus 35 (336,800) 2,349,850
Total other comprehensive income   (336,800) 2,349,850
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD   103,356 2,386,413

 

See also note 50 'Schedule of Income and Expenses by Service'.

The Statement of Comprehensive Income should be read in conjunction with the accompanying notes.