ARTA Annual Report 2009 - Auckland Transport

FINANCIAL STATEMENTS
Income Statement for the year ended 30 June 2009
Actual Plan Actual
2009 2009 2008
Note $000 $000 $000
Income 1
Operational grants 202,322 196,883 173,696
Capital grants 73,880 98,375 61,859
Fare revenue 22,764 22,962 20,198
Other operating revenue 4,587 3,245 4,604
Donated assets 0 0 72,829
Total Income 303,553 321,465 333,185
Expenditure 2
Employee benefits 11,929 11,992 9,816
Depreciation and amortisation expense 18,221 16,092 12,491
Grants and subsidies 176,755 177,970 149,200
Other expenditure 40,510 30,235 40,075
Total Operating Expenditure 247,415 236,289 211,582
Surplus before tax 56,138 85,176 121,603
Income tax (expense)/benefit 20 (440) 213 193
Surplus after tax attributable to the authority 55,698 85,389 121,796
Note: The net surplus for the 2009 year primarily represents capital grants for the year offset by the annual
depreciation charge. Generally Accepted Accounting Practice requires that capital grants are recognised in
the year in which they are received. The capital expenditure they fund is recorded as fixed assets on the
balance sheet.
The 2008 surplus also included the discount on acquisition relating to a business combination (see note 18).
The accounting policies on pages 81 to 94 and the notes on pages 100 to 120 form part of, and should be
read in conjunction with, these financial statements.
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