Annual Report 10/11 - Campus Living Villages

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2011
A$’000
Campus Living Villages Annual Report 10/11
Campus Living Overseas Trust
4. Other Income
June 2011 June 2010
Profit on disposal of property, plant and equipment - 12
Other income 7 32
Total other income 7 44
5. Expenses
Profit before taxation includes the following items:
June 2011 June 2010
Borrowing and finance costs
- Interest and finance charges 7,160 6,246
- Interest capitalised (936) -
- Interest and finance charges expensed 6,224 6,246
- Unrealised foreign exchange on borrowings (44) 806
- Amortisation of borrowing costs 250 285
Total borrowing and finance costs expensed 6,430 7,337
Other expenses include:
- Property running costs 5,310 4,448
- Development costs written off 398 -
- Marketing 605 551
- Auditors remuneration 272 290
- Professional fees 704 686
- Bad debts 770 298
- Other administrative expenses 1,989 1,924
- Loss on disposal of property, plant and equipment 204 -
- Rent 1,881 1,660
Total other expenses 12,133 9,857
6. Taxation
a) Income tax expense
June 2011 June 2010
Current tax
- Current year 127 263
Deferred tax
- Current year (707) 4,335
- Change in rate - (555)
- Prior year under provision - 8
Total tax (credit)/expense (580) 4,051
136