Port Nelson Annual Report 2012 (pdf)

statement of comprehensive income
for the year ended 30 june 2012
income and equity head
Notes 2012 2011
$000 $000
revenue
Operations 32,833 32,371
Property 5,974 5,937
Operating Revenue 1 38,807 38,308
expenses
Employee Wages and Related Expenses 9,337 9,130
Depreciation and Amortisation 4,677 4,234
Other Operational and Property Expenses 2 12,455 12,206
Total Expenses from Operating and Property Activities 26,469 25,570
Results from Operating and Property Activities 12,338 12,738
Finance Income 58 18
Finance Expenses 2,524 2,664
Net Finance Costs 2,466 2,646
Profit after Financing Costs 9,872 10,092
Expenses Associated with Noise Mitigation 21 85 (37)
Profit before Share of Associate Loss 9,787 10,129
Share of Profit / (Loss) from Associate 7 1,881 (149)
Gain on Convertible Notes from Associate 7 272 -
2,153 (149)
NET SURPLUS BEFORE TAXATION 11,940 9,980
Less Taxation Expense 3 1,573 3,396
NET SURPLUS (Attributable to Owners) 10,367 6,584
other comprehensive income
First Time Recognition of Infrastructural Assets 9b - 1,554
Movements in Deferred Tax 6 (435)
Movements in Hedging Reserve 9h (1,014) (87)
Movements in Revaluation Reserve - Unimar 7 (34) (606)
TOTAL COMPREHENSIVE INCOME (Attributable to Owners) 9,325 7,010
statement of movements in equity
for the year ended 30 june 2012
2012 2011
$000 $000
Balance at 1 july 136,751 133,935
Total Comprehensive Income Attributable to Owners 9,325 7,010
Dividends 9b (12,200) (4,200)
Deferred Tax Adjustment 9b (3) 6
balance at 30 june 133,873 136,751
20
The Summary of Significant Accounting Policies and Notes to the Accounts on pages 24 to 39 form part of these Financial Statements.