STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2016
2016
2015
Note
$’000
$’000
Revenue
1, 4
1,019,017
932,488
Expenses
1, 5
(813,264)
(738,074)
Finance costs
(123,942)
(121,373)
Profit before income tax
81,811
73,041
Income tax expense
1, 6(a)
(25,242)
(22,249)
Net profit after tax
56,569
50,792
Other comprehensive income
Decrease from revaluation of infrastructure assets
12(b)
(71,305)
(51,674)
Increase from revaluation of land
12(b)
74,445
135
Decrease from revaluation of crown land
(190)
-
Increase from revaluation of buildings
12(b)
1,961
-
Defined benefit superannuation plan actuarial gain / (loss)
1, 20
(2,225)
616
Deferred income tax on items of other comprehensive income
1, 6(b)
10,288
15,247
Other comprehensive income, net of tax
12,974
(35,676)
Total comprehensive income
69,543
15,116
The above Statement of Comprehensive Income should be read in conjunction with the accompanying notes.
42
YARRA VALLEY WATER ANNUAL REPORT 2015-16