Statement of comprehensive income

    Note* 2018
$000
2017
$000
Income Revenue      

Sales

6.1 111,590 113,400

Commonwealth grants and contributions

7.0 - 666

Interest revenue

8.0 677 916

Other revenue

9.0 1,475 1,320
Gains      
Other gains 10.0 370 317
Total Incomes   114,112 116,619
Expenses Cost of sales 6.2 64,933 64,283

Employee benefits expense

11.0 20,029 18,874

Supplies and services

12.0 18,673 19,012

Depreciation and amortisation expense

13.0 1,199 1,292

Finance costs

14.0 692 753

Accommodation expenses

15.0 435

439

Grants and subsidies 16.0 20 -

Loss on disposal of non-current assets

17.0 - 85

Other expenses

18.0 1,519

1,501

Total expenses

 

107,500

106,240

Profit before change in biological assets valuation and onerous contracts

  6,612 10,379

Biological asset decrease

20.0 (2,052) (6,663)

Onerous contracts

21.0 1,173 196
Profit before grants and subsidies from State Government   5,733 3,912
Grants and subsidies from State Government 22.0 5,603 1,701

Profit before income tax equivalent expense

  11,336 5,613

Income tax expense

44.0 (3,338) (1,649)

Profit for the year

  7,998 3,964
Other comprehensive income

Items that will not be reclassified subsequently to profit or loss

     

Remeasurements of defined benefit liability

  4 3

Changes in asset revaluation surplus

37.2 (92) 467

Deferred tax on items of other comprehensive income

37.2 28 (140)

Items that may be reclassified subsequently to profit or loss

     

Changes in cashflow hedge reserve

37.2 (156) (91)

Income tax on items of other comprehensive income

37.2 47 27

Total other comprehensive income

  (169) 266

Total comprehensive income for the year

  7,829 4,230

For the year ended 30 June 2018. The 'Statement of comprehensive income' should be read in conjunction with the accompanying notes.

* View key of all financial notes.