annual report 2010-11 - Metro Tasmania

NOTES TO THE FINANCIAL STATEMENTSCONSOLIDATED2011 2010Note 4. REVENUE $’000 $’000(a) Passenger transport operationsService contracts 31,172 30,054Ticket fares 10,886 10,28942,058 40,343(b) Other operating incomeProfit on disposal of property, plant and equipment 64 42Advertising income 394 319Rental income 49 81Other income 253 290760 732(c) Financial incomeInterest income 386 207386 207(d) Non-operating incomeAdditional government funding 3,250 3,2503,250 3,250Total income 46,454 44,532Note 5. EXPENSES(a) Passenger transport operationsFuel 4,980 4,423Employee and related expenses 21,956 21,648Depreciation and amortisation expenses 3,740 3,427Other expenses 2,480 2,62933,156 32,127(b) Engineering and maintenance servicesMaintenance expense 3,699 2,983Employee and related expenses 2,357 2,307Depreciation and amortisation expenses 142 1446,198 5,434(c) Administration and generalEmployee and related expenses 2,809 2,179Depreciation and amortisation expenses 378 393Other expenses 2,625 2,9975,812 5,569(d) Finance costsInterest expense 23 6Actuarial interest costs 1,338 1,3401,361 1,346Total expenses 46,527 44,47636 METRO Annual Report 2010 | 2011