Statement of comprehensive income

for the year ended 30 June 2010

The Statement of Comprehensive Income should be read in conjunction with the accompanying notes (included at pages 54-103 the Annual Report 2009-2010).

		Note	2010	2009
		Note	$000	$000
Income
Revenue
Revenue from the sale of goods and services		7.1	103,694	103,792
Commonwealth grants and contributions		8.0	5,507	12,619
Other revenue		10.0	3,599	7,330
Interest revenue		17.0	1,731	1,560

Gains
Profit from joint venture		24.0	6	58
Embedded derivatives valuation increment		11.0	-	1,809
Gain on disposal of assets			-	257
Total Income			114,537	127,425

Expenses
Cost of sales		7.5	59,600	62,029
Employee benefits expense		12.0	20,682	21,751
Supplies and services		13.0	24,679	40,819
Depreciation and amortisation expense		14.0	1,427	1,413
Accommodation expenses		15.0	1,278	1,055
Other expenses		16.0	1,464	2,340
Finance costs		18.0	5,869	4,128
Loss on disposal of assets			152	-
Total Expenses			115,151	133,535

	Loss before change in natural resource assets valuation, onerous contracts, and grants and subsidies from State Government		(614)	(6,110)

	Natural resource asset (decrement)/increment	7.2	(10,122)	4,867
	Onerous Contracts	7.4	(13,856)	-
	Loss before Grants and Subsidies from State Government		(24,592)	(1,243)

	Grants and Subsidies from State Government	9.0	1,542	1,772
	(Loss)/Profit before income tax equivalent benefit		(23,050)	529

	Income Tax equivalent benefit	42.0	11,783	32

(Loss)/Profit after Tax equivalent expense			(11,267)	561

Other Comprehensive Income
Changes in asset revaluation surplus		34.2	(226)	1,832
Changes in cashflow hedge reserve		34.2	(253)	(519)
Income tax on items of other comprehensive income		34.2	144	(394)
Total other comprehensive income			(335)	919
Total Comprehensive Income For The Period			(11,602)	1,480