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.