CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2013
Consolidated
Notes
2013
$’000
2012
$’000
Revenue from continuing operations
3
665,963
640,358
Other income from continuing operations
3
62,820
49,771
Total revenue and other income from continuing operations
3
728,783
690,129
Employee benefits expense
4
(124,790)
(122,208)
Human resources and training
(4,383)
(4,240)
Minor equipment/Service agreements
(5,561)
(5,222)
Property and related costs
(8,444)
(7,484)
Train control communications
(9,117)
(9,489)
Communications expenses
(2,786)
(3,040)
Motor vehicle expenses
(6,779)
(7,206)
Legal fees
(756)
(1,883)
Insurance and accreditation
(8,398)
(8,349)
Travel and accommodation
(4,572)
(4,467)
Operating lease expense
(3,590)
(2,963)
Project and development expense
(2,270)
(3,043)
Infrastructure maintenance
(174,630)
(189,560)
Incident costs
(21,499)
(28,763)
Depreciation and amortisation expense
4
(157,851)
(137,566)
Recognition of impairment loss
1(m), 14
(481,990)
(290,206)
Loss on sale of fixed assets
-
(5,894)
Other expenses
(11,099)
(5,589)
Expenses, excluding net finance costs
(1,028,515)
(837,172)
Results from operating activities
(299,732)
(147,043)
Net Finance costs
4
(27,184)
(18,527)
(Loss) before income tax
(326,916)
(165,570)
Income tax benefit/(expense)
5
125,119
(54,357)
(Loss) for the year
(201,797)
(219,927)
(Loss) is attributable to:
Equity Holders of Australian Rail Track Corporation Ltd
(201,797)
(219,927)
The above consolidated income statement should be read in conjunction with the accompanying notes.
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