4.78 MB - Perth Airport

Consolidated
Parent
Notes 2005 2004 2005 2004
$’000 $’000 $’000 $’000
(c) Borrowing Cost Expenses
Interest Expense:
- Primary debt holders 38,661 37,951 38,661 37,951
- Subordinated debt holders 20,599 18,247 20,599 18,247
- Other 203 223 203 223
Other borrowing expenses 550 580 550 580
Total borrowing cost expenses 60,013 57,001 60,013 57,001
(d) Depreciation
Plant and equipment 1,130 579 1,130 567
Leased: Buildings 4,047 3,733 4,047 3,616
Fixed Plant and equipment 1,446 835 1,446 800
Runways, taxiways and aprons 1,939 1,591 1,939 1,591
Other infrastructure 1,554 1,031 1,554 1,031
Total Depreciation 10,116 7,769 10,116 7,605
(e) Amortisation
Operational land 640 188 640 188
Lease franchise fee 4,350 4,350 4,350 4,350
Capitalised bid costs 151 151 151 151
Capitalised finance costs AUD bonds - 1,479 - 1,479
Capitalised finance costs USD notes 794 796 794 796
Capitalised finance costs other 414 450 414 450
Capitalised masterplan costs 212 88 212 88
Capitalised aviation development costs 142 96 142 96
Total Amortisation 6,703 7,598 6,703 7,598
NOTE 3. INCOME TAX
Operating profit before income tax 345 2,337 345 2,337
Prima facie income tax expense calculated at 30% (2004: 30%) 104 701 104 701
Tax effect of permanent differences:
Entertainment 13 11 13 11
Amortisation of operational land 192 57 192 57
Amortisation of lease franchise fee 1,305 1,305 1,305 1,305
Amortisation of capitalised bid costs 45 45 45 45
Non-allowable depreciation 1,562 1,225 1,562 1,225
Future income tax benefit not brought to account (3,221) (3,344) (3,221) (3,344)
Income tax expense adjusted for permanent differences - - - -
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