annual report 2011

IOOF | annual report 2011
Notes to the financial statements (cont’d)
For the year ended 30 June 2011
8 Revenue
Consolidated Parent
2011 2010 2011 2010
$’000 $’000 $’000 $’000
Management and service fees revenue * 551,059 541,567 - -
Stockbroking revenue 61,173 57,959 - -
Other fee revenue 15,498 14,477 - -
Finance income
Interest income on loans to directors of controlled and associated entities 636 523 2,089 1,829
Interest income from non-related entities 8,200 5,148 413 108
Dividends and distributions received 1,962 1,772 129,912 64,218
Net fair value gains on other financial assets at fair value through profit or loss 243 478 - -
Profit on sale of financial assets 206 1,416 - 1,001
11,247 9,337 132,414 67,156
Other revenue
Service revenue charged to related parties 2,302 2,277 - -
Profit on transfer of life policies 220 - - -
Other 1,150 1,061 8 -
3,672 3,338 8 -
Total revenue 642,649 626,678 132,422 67,156
* Comparatives have been restated to remove prior period grossing of inter-company revenue and expenses on a basis consistent with the current reporting period.
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