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Consolidated Statement of Comprehensive Income

for the year ended 30 June 2019

Notes

2019 1

$’000

2018

$’000

NET COST OF SERVICES

EXPENSES

Employee benefits

2.1A

27,827

24,854

Suppliers

2.1B

10,215

8,431

Depreciation and amortisation

3.2A

1,031

892

Concessional loan charges

2.1C

3,922

11,972

Impairment loss allowance on financial instruments

2.1D

23,099

2,683

Provision for irrevocable loan commitments

2.1F

2,625

Loss from sale of assets

12

Total expenses

66,094

51,469

OWN-SOURCE INCOME

Own-source revenue

Interest and loan fee revenue

2.2A

177,141

122,269

Distributions from trusts and equity investments

2.2B

14,162

10,090

Total own-source revenue

191,303

132,359

Gains and losses

Fair value losses on financial instruments

2.1E

(15,427)

(5,000)

Fair value gains on financial instruments

2.2C

95,775

Profit from sale of assets

2.2D

11,230

Total net gains/(losses)

91,578

(5,000)

Total own-source income

282,881

127,359

Net contribution by services

216,787

75,890

Share of associates and joint ventures

3.1F

2,051

(2,235)

Surplus from continuing operations

218,838

73,655

OTHER COMPREHENSIVE INCOME

Items subject to subsequent reclassification to net cost of services

Gains on available-for-sale financial assets

2.3A

27,854

Net fair value gain/(loss) taken to equity on cash flow hedge

2.3B

(162)

282

Total other comprehensive income

(162)

28,136

Total comprehensive income

218,676

101,791

  1. The 2019 financial results reflect the adoption of AASB 9 – Financial Instruments on 1 July 2018. As permitted by AASB 9, the Group has not restated previously reported financial periods. Refer to Note 1 for the impact, on the Group’s results, of the adoption of AASB 9.

The above statement should be read in conjunction with the accompanying notes.