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Consolidated
2017
$’000
2016
$’000
Hunter Valley
428,106
484,774
Interstate
285,651
270,931
713,757
755,705
Accounting Policy
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable to the extent it
is probable the economic benefit will flow to the Group and the revenue can be reliably measured.
Amounts disclosed as revenue are net of returns, trade allowances, rebates and amounts collected
on behalf of third parties.
Access revenue
Access revenue recognised comprises amounts received and receivable by the Group granting
operators access to the rail network during the year.
Accounting Policy
Employee benefits
Accounting policies for employee benefits refer to note 7(f) and 7(g).
Consolidated
Notes
2017
$’000
2016
$’000
Wages and salaries
162,010
163,764
Workers compensation
2,215
2,249
Defined benefit plan expense
7(g)
1,055
835
165,280
166,848
Consolidated
2017
$’000
2016
$’000
Infrastructure costs
50,734
35,343
50,734
35,343
(a) Access revenue
(b) Employee benefits expense
(c) Infrastructure costs
Infrastructure costs expensed reflect Inland Rail and Port Botany project costs that are not capital in
nature, e.g. including pre construction concept and feasibility work.
76
NOTE 5
INCOME AND EXPENSES