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Income statement for the year ended 30 June 2008
| Group | Group | Budget (Unaudited) |
Parent | Parent | ||
| Notes | 2008 ($m) |
2007 ($m) |
2008 ($m) |
2008 ($m) |
2007 ($m) | |
| Revenue | ||||||
|
Rental income from tenants |
362 | 341 | 353 | 15 | 14 | |
|
Rental income from income-related rent subsidy |
476 | 440 | 483 | 4 | 4 | |
| Interest income | 3(e) | 38 | 49 | 3 | 17 | 19 |
|
Crown appropriation income |
3(a) | 32 | 20 | 38 | 32 | 20 |
| Other income | 3(b) | 1 | 4 | 4 | 129 | 109 |
|
Realised gains on debt |
3(f) | 8 | 14 | 0 | 0 | 0 |
| Total operating revenue | 917 | 868 | 881 | 197 | 166 | |
| Expenses | ||||||
|
Repairs and maintenance |
187 | 159 | 178 | 16 | 14 | |
| Rates | 98 | 92 | 97 | 2 | 2 | |
| Third party rental leases | 53 | 46 | 43 | 8 | 7 | |
|
Depreciation and amortisation |
3(c) | 179 | 167 | 174 | 6 | 6 |
| Personnel | 3(d) | 69 | 64 | 67 | 68 | 64 |
| Interest costs | 3(e) | 157 | 164 | 131 | 26 | 23 |
| Realised losses on financial liabilities | 3(f) | 10 | 8 | 0 | 0 | 0 |
| Other expenses | 3(g) | 83 | 95 | 113 | 61 | 51 |
| Total operating expenses | 836 | 795 | 803 | 187 | 167 | |
| Operating surplus/(deficit) before tax | 81 | 73 | 78 | 10 | (1) | |
|
Income tax expense/(benefit) |
4 | 35 | 31 | 34 | (2) | (3) |
| Net surplus after tax | 46 | 42 | 44 | 12 | 2 |
