ARTA Annual Report 2009 - Auckland Transport

NOTES TO THE FINANCIAL STATEMENTS
1 INCOME
2009 2008
$000 $000
ARC Opex Grants 93,164 83,474
ARC Capex Grants 69,508 56,123
NZTA Opex Grants 109,158 90,222
NZTA Capex Grants 4,373 5,735
Other grants and subsidies 2,374 2,884
Rail fare revenue 18,281 16,778
Bus fare revenue 4,482 3,420
Ferry wharf revenue 2,009 1,568
Other operating income 204 152
Donated assets (discount on acquisition) 0 72,829
Revenue 303,553 333,185
2 EXPENDITURE
2009 2008
$000 $000
Expenses include:
Audit fees - for financial statement audit 99 89
- for assurance and related services (a) 8 22
Depreciation/amortisation 18,221 12,491
Directors’ fees 372 357
Capital expenditure grants to third parties (b) 0 5,012
Employee benefit expense (see also note 17) 11,929 9,816
Grants and subsidies 176,755 149,200
Foreign exchange gains or losses 0 0
Impairment of receivables 0 0
Impairment of property, plant and equipment 0 0
Rental and operating lease costs 9,450 8,388
Research and development 0 0
Other expenses 30,581 26,206
Total operating expenses 247,415 211,582
(a) The auditor completed assurance engagements over the Authority’s tender processes and consultation
processes
(b) This represents capital grants from ARTA’s Capex programme made by ARTA to third parties where ARTA
is entitled to, and recognises, the associated grant funding.
100