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Australia Post Annual Report 2008–09

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Reserved/non-reserved services<br />

for the year ended 30 June 2009<br />

Estimated results of product dissection between reserved and non-reserved services<br />

Consolidated results<br />

Revenue<br />

Expense<br />

1,912.2<br />

1,981.4<br />

Reserved Non-reserved Total<br />

$m % $m % $m %<br />

38.7<br />

43.4<br />

3,027.9<br />

2,585.0<br />

61.3<br />

56.6<br />

4,940.1<br />

4,566.4<br />

Profit from ordinary activities<br />

before net interest and income tax<br />

Interest and net profits related<br />

(69.2) (18.5) 442.9 118.5 373.7 100.0<br />

to joint ventures 21.1 100.0<br />

Profit before third party interest and tax 394.8<br />

Return on revenue (1)<br />

Average operating assets (2)<br />

Return on average operating assets (3)<br />

1,096.4<br />

(3.6)<br />

33.8<br />

(6.3)<br />

2,146.6<br />

14.6<br />

66.2<br />

20.6<br />

3,243.0<br />

(1) Excludes interest and share of net profits of joint ventures.<br />

(2) Assets reflect average operating assets for 2007–08 and <strong>2008–09</strong>.<br />

(3) Total return on average operating assets includes interest and share of net profits relating to joint ventures. Reserved and non-reserved return on average operating assets<br />

excludes all interest and share of net profits of joint ventures.<br />

100.0<br />

100.0<br />

7.6<br />

100.0<br />

12.2<br />

<strong>Australia</strong> <strong>Post</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2008–09</strong> | Financial and statutory reports 117

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