Annual Report 2011 Australian Grand Prix Corporation
Annual Report 2011 Australian Grand Prix Corporation
Annual Report 2011 Australian Grand Prix Corporation
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Comprehensive Operating Statementfor the Financial Year Ended 30 June <strong>2011</strong>Note <strong>2011</strong> 2010$000’s$000’sIncome from transactionsFormula One <strong>Grand</strong> <strong>Prix</strong> 86,043 82,665Motorcycle <strong>Grand</strong> <strong>Prix</strong> 9,780 14,395Future <strong>Grand</strong>s <strong>Prix</strong> 4,302 11,819Total income from transactions 2 100,125 108,879Expenses from transactionsFormula One <strong>Grand</strong> <strong>Prix</strong> (86,562) (83,165)Motorcycle <strong>Grand</strong> <strong>Prix</strong> (14,502) (14,281)Total expenses from transactions 2 (101,064) (97,446)Net result from transactions (Net operatingbalance) (939) 11,433Other economic flows included in net resultNet gain/(loss) on financial instruments (4,593) 2,609Net gain/(loss) on sale of non-financial assets (48) 16Net gain/(loss) on reassessment of useful life of- (728)8non-financial assetsTotal other economic flows included in net result 2 (4,641) 1,897Net Result (5,580) 13,330Other non-owner changes in EquityTransfer to/(from) cash flow hedge reserve 15 (35,458) 10,334Transfer to asset revaluation reserve 15 3,357 -Comprehensive Result (37,681) 23,664The comprehensive operating statement is to be read in conjunction with the notes to andforming part of the financial statements set out on pages 28 to 67.24<strong>Australian</strong> <strong>Grand</strong> <strong>Prix</strong> <strong>Corporation</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>
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