71
waikato-tainui
annual report 2014
4 . t o ta l i n c ome
Consolidated
Parent
Notes
2014
2013
2014
2013
$'000
$'000
$'000
$'000
Revenue
Rental income
35,483
33,845
5
5
Amortisation of capitalised lease incentives
(297)
(167)
-
-
Hotel income
27,946
19,237
-
-
Sale of sections
1,392
3,781
-
-
Quota leasing income
4,530
1,708
-
-
Dairy income
1,408
840
-
-
Other revenue
3,945
3,970
1,896
2,159
Revenue from the rendering of services
124
218
226
369
74,531
63,432
2,127
2,533
Other income
Dividends from listed investments
32
-
-
-
Dividends from unlisted investments
1
439
-
-
Dividends from subsidiary
-
-
11,500
11,000
Other operating gains ‑ livestock
13
545
119
-
-
Other gains
27
3,049
-
-
-
3,627
558
11,500
11,000
Total income
78,158
63,990
13,627
13,533
5 . e x p en s e s
Consolidated
Parent
Notes
2014
2013
2014
2013
$'000
$'000
$'000
$'000
Audit fees paid to Parent and Group auditors
115
117
37
34
Other fees paid to auditor
162
72
20
4
Audit fees paid to other auditors
22
9
-
-
Bad debt written off
32
85
-
2
Consultancy fees
4,700
1,989
742
302
Cost of sales
4,825
2,237
39
65
Depreciation, amortisation and impairment
4,025
3,727
404
856
Direct costs from hotel operation
10,194
6,968
-
-
Direct costs from rental income
3,279
2,917
-
-
Direct costs from investment properties
(non‑income generating)
51
180
-
-
Director and trustee fees
14
1,051
1,159
768
854
Doubtful debts and movement in provision
43
159
26
-
Employee benefits
15,107
11,978
2,468
1,997
Other operating lease expenses
132
119
37
33
Other expenses
5,258
5,603
2,738
2,518
48,996
37,319
7,279
6,665
