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Consolidated statement of profit or loss

For the period ended 30 June 2019

$million

Note

2019

Restated*

2018

Revenue

3

2,848.4

2,784.2

Other income

4.5

4.4

Direct costs of revenue

3

(1,794.2)

(1,592.4)

Consumables and supplies

(70.3)

(69.8)

Employee benefits expense

(214.3)

(209.4)

Depreciation and amortisation expense

3

(139.1)

(138.9)

Impairment loss recognised on trade receivables

7

(22.3)

(20.6)

Other expenses

(118.3)

(121.3)

Changes in fair value of financial instruments

15.7

(212.7)

Profit before net finance costs and income tax

510.1

423.5

Interest income

4

0.9

0.8

Finance costs

4

(35.0)

(42.8)

Profit before income tax

476.0

381.5

Income tax expense

5

(143.8)

(114.0)

Profit for the period attributable to the owners of Snowy Hydro Limited

332.2

267.5

*The prior period financial information has been restated, as described in Note 2 of the Financial Statements.

The consolidated statement of profit or loss should be read in conjunction with the notes to the consolidated financial statements.