2011-2012 Annual Report - Full Version - PDF - Palmerston North ...

Note 4Finance income and finance costs Council GroupActual Actual Actual Actual2012 2011 2012 2011$000 $000 $000 $000Finance incomeInterest income 38 33 91 117Dividend income 211 143 - -Income from financial assets atfair value through surplus or deficit:Income from Long Term Investment Fund 889 1,964 889 1,964Fair value movement of Long TermInvestment Fund (604) 472 (604) 472Total finance income 534 2,612 376 2,553Financial Statements Note 4Finance costsInterest on borrowings:Secured loans 9,951 10,587 10,393 11,053Finance lease liabilities 1 - 1 -Effect on provisions of discountunwind (note 21) 70 78 70 78Fair value movement through surplus or deficit:Loss/(gain) on derivative financialinstruments 5,453 467 5,453 467Total finance costs 15,475 11,132 15,917 11,598Net finance income (costs) (14,941) (8,520) (15,541) (9,045)Note 5Other Revenue Council GroupActual Actual Actual Actual2012 2011 2012 2011$000 $000 $000 $000Regulatory user charges and fees 3,326 3,623 3,326 3,623Rendering of services and other income(includes water by meter) 16,364 16,059 22,149 21,306Rental income from investment properties 1,391 1,347 1,363 1,319Rental income from operating properties 2,698 2,560 2,698 2,560Petrol tax 555 558 555 558Receipt of grants 425 345 722 1,072NZ Transport Agency subsidies 4,057 4,056 4,057 4,056Vested assets 15 1,757 98 1,864Revenue for capital expenditure 506 2,429 538 2,429Development contributions, subdivisions,and other contributions 1,094 910 1,094 910Total other revenue 30,431 33,644 36,600 39,697◊◊There are no unfulfilled conditions and othercontingencies attached to government grantsrecognised.Regulatory user charges and fees - for 2012 thishas been reviewed so that revenue includesthose items with a regulatory basis with otherrevenue previously included now in “Renderingof services and other income (includes waterby meter)”. Comparatives for 2011 have beenrestated.150Palmerston North City Council Annual Report 2011/12