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Statement of Comprehensive IncomeFor the year ended 31 December 2012GROUPPARENTNote2012 Actual$0002012 Budget$0002011 Actual$0002012 Actual$0002012 Budget$0002011 Actual$000Operating IncomeGovernment Funding 2 30,229 30,698 28,988 29,980 30,449 28,642Tuition Funding 3 17,739 18,540 16,392 17,739 18,540 16,392Other Teaching 4 3,133 2,863 4,126 3,133 2,863 3,744Other Income 5 3,847 3,140 3,080 3,312 2,189 2,935Total Operating Income 54,948 55,241 52,586 54,164 54,041 51,713Cost of ServicesPersonnel 6 31,120 30,917 29,882 30,555 30,447 29,441Teaching Delivery 4,925 4,884 3,477 4,803 4,788 3,399Administration 7 6,850 6,519 7,040 6,380 6,059 6,617Infrastructure 8 5,804 5,803 5,109 5,776 5,779 5,063Interest, Depreciation & Amortisation 9 5,065 5,485 5,248 5,063 5,485 5,248Total Cost of Services 53,764 53,608 50,756 52,577 52,558 49,768Operating Profit 1,184 1,633 1,830 1,587 1,483 1,945Non Operating Items income/(expense) 10 (807) (557) 1,247 (807) (557) 1,247Share of associates profit/(loss) 14 (692) (777) (312) - - -Profit (315) 299 2,765 780 926 3,192Other Comprehensive Income(Loss)/gain on property revaluation 24 (139) - 1,417 (139) - 1,417Total comprehensive income (454) 299 4,182 641 926 4,609The accompanying notes form part of these financial statements58 | WELLINGTON INSTITUTE OF TECHNOLOGY