Annual Report 2013 - Mainfreight
Annual Report 2013 - Mainfreight
Annual Report 2013 - Mainfreight
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Income Statement for the Year Ended 31 March <strong>2013</strong><br />
Note <strong>2013</strong><br />
$000<br />
Group<br />
2012<br />
$000<br />
<strong>2013</strong><br />
$000<br />
Parent<br />
2012<br />
$000<br />
Operating Revenue 1,884,746 1,811,972 244,296 225,585<br />
Interest Income 926 1,596 187 240<br />
Dividends Received – – 33,908 23,859<br />
Total Revenue 1,885,672 1,813,568 278,391 249,684<br />
Transport Costs (1,196,600) (1,145,565) (135,319) (126,458)<br />
Labour Expenses Excluding Share Based Payments (391,353) (373,141) (52,740) (48,182)<br />
Occupancy Expenses and Rental Recharge (45,501) (44,683) 4,361 4,439<br />
Depreciation and Amortisation Expenses 6 (30,433) (32,073) (9,572) (8,652)<br />
Other Expenses (113,838) (110,393) (19,703) (13,385)<br />
Finance Costs (9,683) (12,964) (4,580) (4,570)<br />
Derivative Fair Value Movement 6 – (201) – –<br />
Non-cash Share Based Payment Expense 25 – (406) – (406)<br />
Profit Before Abnormal Items and Taxation for the Year 98,264 94,142 60,838 52,470<br />
Income Tax on Profit Before Abnormal Items (30,285) (28,393) (7,738) (8,108)<br />
Net Profit Before Abnormal Items for the Year 67,979 65,749 53,100 44,362<br />
Abnormal Items 30 (3,324) 13,267 9,628 6,787<br />
Income Tax on Abnormal Items 30 1,256 1,434 (2,696) (1,900)<br />
Abnormal Items After Taxation (2,068) 14,701 6,932 4,887<br />
Profit Before Taxation for the Year 94,940 107,409 70,466 59,257<br />
Income Tax Expense 7 (29,029) (26,959) (10,434) (10,008)<br />
Net Profit for the Year 65,911 80,450 60,032 49,249<br />
Earnings per share for profit attributable to the ordinary equity holders of the company are:<br />
Cents Cents<br />
Basic Earnings Per Share: Total Operations 9 66.56 81.36<br />
Diluted Earnings Per Share: Total Operations 9 66.45 81.24<br />
Statement of Comprehensive Income for the Year Ended 31 March <strong>2013</strong><br />
<strong>2013</strong><br />
$000<br />
Group<br />
2012<br />
$000<br />
<strong>2013</strong><br />
$000<br />
Parent<br />
2012<br />
$000<br />
Net Profit for the Year 65,911 80,450 60,032 49,249<br />
Other Comprehensive Income<br />
Exchange Differences on Translation of Foreign Operations (3,550) (9,034) – –<br />
Income Tax Relating to Exchange Differences on Translation of (1,916) (3,318) – –<br />
Foreign Operations<br />
Revaluation of Land 5,916 (3,723) 2,360 (3,770)<br />
Income Tax Relating to Revaluation of Land (999) (12) – –<br />
Other Comprehensive Income for the Year, Net of Tax (549) (16,087) 2,360 (3,770)<br />
Total Comprehensive Income for the Year, Net of Tax 65,362 64,363 62,392 45,479<br />
The accompanying notes form an integral part of these financial statements.<br />
Financial Statements<br />
65
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