| Note* | 2019 $000 |
Restated 2018 $000 |
|
|---|---|---|---|
| Continuing operations | |||
| Income from transactions | |||
|
Sales of forest products |
3.2 | 115,937 | 111,590 |
|
Interest income |
3.4 | 636 | 677 |
|
Other income |
3.5 | 9,741 | 26,751 |
|
Gains from foreign exchange |
3.6 | 22 | 370 |
| Total income from transactions | 126,336 | 139,388 | |
| Expenses from transactions | |||
| Production expenses | 4.2 | 69,199 | 64,933 |
|
Employee benefits expense |
4.3.1 | 20,282 | 20,029 |
|
Supplies and services |
4.5.1.(a) | 21,174 | 18,673 |
|
Depreciation and amortisation expense |
5.1.1; 5.2.1 | 12,314 | 14,589 |
|
Finance costs |
7.1 | 1,070 | 692 |
|
Accommodation expenses |
4.5.1.(b) | 533 |
435 |
| Grants and subsidies | 4.4 | 53 | 20 |
|
Other expenses |
4.5.1.(c) | 1,679 |
1,519 |
|
Total expenses from transactions |
126,304 |
120,890 |
|
|
Net results from transactions before income tax |
32 | 18,498 | |
|
Income tax expense on net results from transactions |
4.6.1 | (1,629) | (5,486) |
|
Net results from transactions after income tax |
(1,597) | 13,012 | |
|
Other economic flows included in net result |
|||
|
Gain upon revaluation of biological assets |
5.3.1 | 2,990 | 7,710 |
| Onerous contracts | 4.5.2 | (425) | 1,173 |
| Grants and subsidies from State Government | 3.3 | 1,667 | 5,603 |
|
Other economic flows included in net result before income tax |
4,232 | 14,486 | |
|
|
|||
|
Income tax expense related to other economic flows |
4.6.1 | (1,270) | (4,346) |
|
Total other economic flows included in net result after income tax |
2,962 | 10,140 | |
|
|
|||
|
Net result from continuing operations after income tax |
1,365 | 23,152 | |
|
|
|||
|
Other economic flows - other comprehensive income |
|||
|
Items that will not be reclassified subsequently to profit or loss |
|||
| Remeasurements of defined benefit liability | 4.3.2.(c) | (10) | 4 |
| Changes in asset revaluation surplus | 9.6.1 | (456) | (92) |
| Deferred tax on items of other comprehensive income | 9.6.1 | 137 | 28 |
| Items that may be reclassified subsequently to profit or loss | |||
| Changes in cashflow hedge reserve | 9.6.2 | 101 | (156) |
| Income tax on items of other comprehensive income | 9.6.2 | (30) | 47 |
| Total economic flows - other comprehensive income net of income tax | (258) | (169) | |
|
Total comprehensive income for the period |
1,107 | 22,983 | |
For the year ended 30 June 2019. The 'Statement of comprehensive income' should be read in conjunction with the accompanying notes.