STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 JUNE 2017
2017
2016
Note
$’000
$’000
Revenue
2.1
984,723
1,019,017
Expenses
3.1
(773,137)
(813,264)
Finance costs
6.1.2
(127,440)
(123,942)
Profit before income tax
84,146
81,811
Income tax expense
8.1
(25,816)
(25,242)
Net profit after tax
58,330
56,569
Other comprehensive income
Items that will not be reclassified to profit and loss
Increase / (decrease) from revaluation of infrastructure assets
4.2
40,954
(71,305)
Increase from revaluation of land
4.2
-
74,445
Decrease from revaluation of Crown land
4.2
-
(190)
Increase from revaluation of buildings
4.2
-
1,961
Defined benefit superannuation plan actuarial gain / (loss)
9.2
5,924
(2,225)
Deferred income tax on items of other comprehensive income
8.1
(14,063)
10,288
Other comprehensive income, net of tax
32,815
12,974
Total comprehensive income
91,145
69,543
The above Statement of Comprehensive Income should be read in conjunction with the accompanying notes.
38
YARRA VALLEY WATER ANNUAL REPORT 2016-17