20
A n n u a l R e p o r t
2 0 1 2
D. Contracting
Group
Parent
2012
2011
2012
2011
Note
$’000
$’000
$’000
$’000
Income
External revenue
Construction contract revenue
1,967
2,458
1,591
2,196
Service contract revenue
2,470
2,946
124
521
Internal revenue
Contracting service provider to network
2,537
1,785
2,175
1,870
Revenue from internal capital works
6,579
4,568
6,579
4,568
13,553
11,757
10,469
9,155
Expenditure
Costs including labour, materials and overheads
10,887
8,717
8,319
6,555
Bad debts and impairment of accounts receivable
-
-
-
-
Depreciation and amortisation
735
732
633
633
Total expenditure
11,622
9,449
8,952
7,188
Surplus before capital expenditure profit adjustment
1,931
2,308
1,517
1,967
Less profit adjustment on internal capital works
480
393
480
393
Earnings before interest and tax
1,451
1,915
1,037
1,574
Internal revenue is charged to the network for its maintenance and capital works at the same commercial
terms that customers external to the Group would be charged. Internal revenue is deducted from revenue and
expense in the Statement of Comprehensive Income.
Group
Parent
2012
2011
2012
2011
Note
$’000
$’000
$’000
$’000
Revenue
1,353
814
501
432
Expenditure
Costs including labour, materials and overheads
835
661
(59)
232
Bad debts and impairment of accounts receivable
-
779
Depreciation and amortisation
510
321
87
89
Total expenditure
1,345
982
807
321
Earnings before interest and tax
8
(168)
(306)
111
20
A n n u a l R e p o r t
2 0 1 2