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Consolidated
Notes
2017
$’000
2016
$’000
Revenue from continuing operations
Access revenue
5(a)
713,757
755,705
Interest revenue
5,399
10,286
Total revenue
719,156
765,991
Other income
Incident and insurance recovery
5(e)
4,909
2,508
Government grants
85,631
69,523
Profit on sale of fixed assets
-
371
Net foreign exchange gains
-
6
Other income
17,072
16,854
Total other income
107,612
89,262
Total revenue and other income
826,768
855,253
Employee benefits expense
5(b)
(165,280)
(166,848)
Infrastructure maintenance
(148,838)
(152,842)
Infrastructure costs
5(c)
(50,734)
(35,343)
Depreciation and amortisation expense
5(d)
(188,582)
(191,490)
Reversal/(recognition) of impairment
5(j)
(1,101)
3,015
Incident costs
5(e)
(18,891)
(7,109)
Operating lease
(7,056)
(7,223)
Other expenses
(65,968)
(63,494)
Expenses, excluding finance costs
(646,450)
(621,334)
Profit from operating activities
180,318
233,919
Finance costs
5(f)
(30,759)
(42,141)
Profit before income tax
149,559
191,778
Income tax (expense)/benefit
5(g)
(27,078)
(74,212)
Net Profit after tax
122,481
117,566
Profit is attributable to:
Equity holder of Australian Rail Track Corporation Ltd
122,481
117,566
The above consolidated income statement should be read in conjunction with the accompanying notes.
67
CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2017