Annual Report - Campus Living Villages
Annual Report - Campus Living Villages
Annual Report - Campus Living Villages
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<strong>Campus</strong> <strong>Living</strong> <strong>Villages</strong> <strong>Annual</strong> <strong>Report</strong> 09/10 2 7<br />
<strong>Campus</strong> <strong>Living</strong> <strong>Villages</strong> Fund<br />
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 30 JUNE 2010<br />
A$’000<br />
5. Other income<br />
June 2010 June 2009<br />
Profit on disposal of property, plant and equipment 1,804 -<br />
Other income 600 -<br />
Total other income 2,404 -<br />
FUND<br />
6. Expenses<br />
Profit before taxation includes the following items:<br />
June 2010 June 2009<br />
Borrowing and finance costs<br />
Interest and finance charges 53,424 56,463<br />
Interest capitalised (2,675) (7,538)<br />
Interest and finance charges expensed 50,749 48,925<br />
Foreign exchange on borrowings 640 -<br />
Amortisation of borrowing costs 2,712 2,348<br />
Total borrowing and finance costs expensed 54,101 51,273<br />
Other expenses includes:<br />
Utilities 12,385 14,649<br />
Services 12,121 11,434<br />
Repairs and maintenance 7,153 6,509<br />
Development costs written off 9 3,252<br />
Marketing 4,586 3,056<br />
Auditors remuneration 1,072 1,109<br />
Property and other taxes 3,191 4,297<br />
Professional fees 1,849 3,754<br />
Corporate fees 2,661 3,074<br />
Insurance 2,870 2,938<br />
Bad debts 2,908 2,886<br />
Other adminsitrative expenses 3,175 5,472<br />
Travel 1,712 1,860<br />
Rent 11,272 8,392<br />
Total other expenses 66,964 72,682
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