annual report 2011

Statement of comprehensive income
For the year ended 30 June 2011
IOOF | annual report 2011
Consolidated Parent
2011 2010 2011 2010
Note $’000 $’000 $’000 $’000
Revenue 8 642,649 626,678 132,422 67,156
Expenses 9 (512,774) (524,297) (671) (1,470)
Life insurance revenue 40(d) 85,260 70,682 - -
Life insurance expense 40(e) (71,649) (73,821) - -
Share of profits of associates accounted for using the
9,201 7,588 - -
equity method (net of income tax)
Finance costs 10 (761) (1,096) (467) (719)
Profit before income tax expense 151,926 105,734 131,284 64,967
Income tax (expense)/benefit - shareholder 11 (37,525) (28,259) 44 1,780
Income tax (expense)/benefit - statutory benefit funds (13,622) 3,310 - -
Profit for the period 100,779 80,785 131,328 66,747
Other comprehensive income
Net change in fair value of available-for-sale financial 27 5,398 2,953 - -
assets
Net change in fair value of share buy back liability 27 (10,112) (9,139) - -
Income tax on other comprehensive income 11 (1,866) (1,643) - -
Other comprehensive income/(expense) for the period,
(6,580) (7,829) - -
net of income tax
Total comprehensive income for the period 94,199 72,956 131,328 66,747
Profit attributable to:
Owners of the Company 99,489 77,371 131,328 66,747
Policyholders of the IOOF Life Ltd Statutory Fund (11) 171 - -
Non-controlling interest 1,301 3,243 - -
Profit for the period 100,779 80,785 131,328 66,747
Total comprehensive income attributable to:
Owners of the Company 92,909 69,542 131,328 66,747
Policyholders of the IOOF Life Ltd Statutory Fund (11) 171 - -
Non-controlling interest 1,301 3,243 - -
Total comprehensive income for the period 94,199 72,956 131,328 66,747
Earnings per share:
Basic earnings per share (cents per share) 30 43.1 33.7
Diluted earnings per share (cents per share) 30 42.9 33.6
Notes to the financial statements are included on pages 54 to 113.
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