53
waikato-tainui
annual report 2014
Consolidated
Parent
Notes
2014
2013
2014
2013
$'000
$'000
$'000
$'000
Revenue
4
74,531
63,432
2,127
2,533
Other income
4
3,627
558
11,500
11,000
Total income
4
78,158
63,990
13,627
13,533
Expenses
5 (48,996)
(37,319)
(7,279)
(6,665)
Finance costs ‑ bank loans
(13,594)
(13,628)
(40)
(52)
Finance income ‑ short term deposits
6,581
4,089
3,196
1,013
Share of net profit of associates
6
474
316
-
-
Net operating profit for the year
22,623
17,448
9,504
7,829
Other gains – net
8
31,862
30,383
10,372
3,563
Settlement
20,943
70,039
19,000
70,039
Grant expense
9 (6,136)
(7,109)
(5,145)
(5,968)
Net profit before tax
69,292
110,761
33,731
75,463
Tax credit
7
1,582
-
1,924
-
Net profit for the year
70,874
110,761
35,655
75,463
Other comprehensive income for the year
Gain/(loss) on revaluation of farm and other properties
10
3,070
(698)
-
-
Total comprehensive income for the year, net of tax
73,944
110,063
35,655
75,463
Profit is attributable to:
Equity holders of Waikato Raupatu Lands Trust
69,453
110,047
Non‑controlling interest
1,421
714
70,874
110,761
Total comprehensive income for the year is attributable to:
Equity holders of Waikato Raupatu Lands Trust
72,523
109,349
Non‑controlling interest
1,421
714
73,944
110,063
waikato raupatu lands trust
statements of comprehensive income
f o r t h e y e a r e n d e d 3 1 m a r c h 2 0 1 4
These financial statements should be read in conjunction with the accompanying notes.
