GMHBA AnnuAL RepoRt 2010 - GMHBA Health Insurance

GMHBA Limited ABN 98 004 417 092
GMHBA Limited ABN 98 004 417 092
Statement of comprehensive income for the year ended 30 June 2010
Revenue from operating activities
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NOTE 2010
$’000
2009
$’000
Premium income 216,897 191,355
Total revenue from operating activities 216,897 191,355
Expenses from operating activities
Benefits paid to fund members 9 (188,487 ) (160,814)
Payments to Health Benefits Reinsurance Trust Fund (7,262 ) (7,406)
Total cost of fund benefits (195,749 ) (168,220)
Gross underwriting result 21,148 23,135
Management expenses
Employee benefits expenses (9,471 ) (8,459)
Depreciation (577 ) (497)
Other management expenses (11,784 ) (9,350)
Total management expenses (21,832) (18,306)
Net underwriting result (684 ) 4,829
Revenue from outside the operating activities
Investment income 6,550 7,892
Investment unrealised gains/(losses) (82 ) 397
Investment realised losses - (5,207)
Other income 66 49
Total Revenue/(Expenses) from outside the operating
activities 6,534 3,131
Profit for the period 2 5,850 7,960
Other comprehensive income
Revaluation of property, plant and equipment - 210
Total comprehensive income for the period 5,850 8,170
Profit attributable to:
The Company 5,850 7,960
Profit for the period 5,850 7,960
Total comprehensive income attributable to:
The Company - 210
Total comprehensive income for the period 5,850 8,170
The above Statement of Comprehensive Income should be read in conjunction with the accompanying notes.
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