1996/97 STATE TRANSIT ANNUAL REPORT
Income and Expenditure Statement
For year ended 30 June 1997
| |
Note
|
1997
$000 |
1996
$000 |
| Income |
2(i) |
364,228 |
336,653 |
| Expenditure |
2(ii) |
363,152 |
326,145 |
| Operating profit before abnormal items and
income tax
|
|
1,076 |
10,508 |
| Abnormal items |
2(iii) |
(5,058) |
---- |
| Operating profit/(loss) before income tax |
|
(3,982) |
10,508 |
| Income tax expense (benefit)
attributable to operating profit (loss)
|
3 |
(2,536) |
3,783 |
| Operating profit/(loss) after income tax |
|
(1,446) |
6,725 |
| Accumulated funds at the beginning of the
financial year
|
|
55,829 |
52,476 |
| Adoption of tax effect accounting |
|
(3,411) |
|
| Transfer from reserve |
13 |
3,296 |
1,805 |
| Total available for appropriation |
|
54,268 |
61,006 |
| Dividend payable |
4 |
---- |
5,177 |
| Accumulated funds at the end of the
financial year
|
|
54,268 |
55,829 |
The accompanying notes form an integral part of these financial statements.
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