51 / 100
Consolidated
Notes
2015
$’000
2014
$’000
Revenue
3
82,582
69,832
Other income
3
1,435
3,627
Total income
3
84,017
73,459
Expenses
4
(57,957)
(44,816)
Net operating profit for the year
26,060
28,643
Finance costs – bank loans
(17,124)
(13,594)
Finance income – short term deposits
7,655
6,528
Share of profit of investments accounted for using the equity method
1,407
1,060
Other gains – net
5
14,650
31,848
Settlement revenue
6
69,901
20,943
Grant expense
8
(22,347)
(6,136)
Net profit before tax
80,202
69,292
Income tax credit
7
3,066
1,582
Net profit for the year
83,268
70,874
Profit is attributable to:
Equity holders of Waikato Raupatu Lands Trust
81,872
69,453
Non-controlling interest
30
1,396
1,421
83,268
70,874
Other comprehensive income for the year
Items that will not be reclassified to profit or loss:
Gain on revaluation of farm and owner occupied properties
9
821
3,070
Other comprehensive income for the year
821
3,070
Total comprehensive income for the year, net of tax
84,089
73,944
Total comprehensive income for the year is attributable to:
Equity holders of Waikato Raupatu Lands Trust
82,693
72,523
Non-controlling interest
1,396
1,421
84,089
73,944
These financial statements should be read in conjunction with the accompanying notes.
waikato raupatu lands trust
statement 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 5
49
waikato-tainui
annual report 2015