Statement of Comprehensive Income

  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.

* View key of all financial notes.