122 / 132
2017
$’000
2016
$’000
Balance sheet
Current assets
213,069
200,131
Non-current assets
4,568,070
4,627,944
Total assets
4,781,139
4,828,075
Current liabilities
465,281
260,117
Non-current liabilities
808,537
1,084,552
Total liabilities
1,273,818
1,344,669
Net assets
3,507,321
3,483,406
Shareholders' equity
Contributed equity
2,684,226
2,603,226
Reserves
964,326
1,023,845
Retained earnings
(141,231)
(143,665)
Capital and reserves attributable to owners
of Australian Rail Track Corporation Ltd
3,507,321
3,483,406
Total revenue and other income
826,768
855,253
Total expenses
(646,450)
(621,334)
Finance costs
(30,759)
(42,141)
Income tax (expense)/benefit
(27,078)
(74,212)
Profit/(Loss) for the year
122,481
117,566
Other comprehensive income, net of tax
(Devaluation)/Revaluation property plant and equipment
(98,841)
(138,260)
Re-measurement gains/(losses) on defined benefit fund obligations
2,117
(5,437)
Cash flow hedge charged to equity - interest rate swap
-
884
Net changes in the fair value of cashflow hedges transferred to
profit and loss
(28)
19
Other comprehensive income for the year, net of tax
(96,752)
(142,794)
Total comprehensive income, net of tax
25,729
(25,228)
(a) Summary financial information
The individual financial statements for the Parent entity (Australian Rail Track Corporation Limited)
show the following aggregate amounts:
120
NOTE 19
PARENT ENTITY FINANCIAL INFORMATION