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34
Annual Financial Statements for year ended 30 June 2012
Statement of Comprehensive Income
for the year ended 30 June 2012
Notes
2012
$
2011
$
Income
Rates
2
81,255,503
77,271,107
Statutory Charges
3
2,350,722
2,598,121
User Charges
4
3,004,483
2,950,834
Grants, Subsidies & Contributions
5
9,509,349
8,836,987
Investment Income
6
1,972,412
1,872,796
Reimbursements
7
3,477,965
4,131,246
Total Income
101,570,434
97,661,091
Expenses
Employee Costs
8
32,671,654
30,573,906
Materials, Contracts & Other Expenses
9
39,405,814
37,482,383
Finance Expenses
10
1,508,047
1,680,497
Depreciation
11
24,097,826
23,258,014
Total Expenses
97,683,341
92,994,800
Operating Surplus / (Deficit)
3,887,093
4,666,291
Asset Disposal & Fair Value Adjustments
(1,436,240)
(977,145)
Grants Specifically for New or Upgraded Assets
5
1,755,068
1,498,260
Physical Resources Received Free of Charge
12
13,003,928
7,661,060
Net Surplus / (Deficit)
transferred to Equity Statement
17,209,849
12,848,466
Other Comprehensive Income
Changes in revaluation surplus - infrastructure,
property, plant & equipment
46,228,251
68,188,844
Total Other Comprehensive Income
46,228,251
68,188,844
Total Comprehensive Income
63,438,100
81,037,310
This Statement is to be read in conjunction with the attached Notes from pages 38 to 60.