Statement of Comprehensive Income

  Note* 2020
$000
2019
$000
Continuing operations      
Income from transactions      

Sales of forest products

3.2 122,128 115,937

Interest income

3.4 202 636

Other income

3.5 6,309 9,741

Gains from foreign exchange

3.6 - 22
Total income from transactions   128,639 126,336
 
Expenses from transactions      
Production expenses 4.2 74,415 69,199

Employee benefits expense

4.3.1 21,269 20,282

Supplies and services

4.6.1.(a) 19,721 21,174

Depreciation and amortisation expense

5.1.1; 5.2.1; 5.3.1 9,012 12,314

Finance costs

7.2 916 1,070

Accommodation expenses

4.6.1.(b) 854

533

Grants and subsidies 4.4 117 53
Loss on disposal of non-current assets 4.5 33 -

Other expenses

4.6.1.(c) 1,412

1,679

Total expenses from transactions

 

127,749

126,304

 

Net results from transactions before income tax

  890 32

Income tax benefit/(expense) on net result from transactions

4.7.1 (242) (1,629)

Net results from transactions after income tax

  648 (1,597)
 

Other economic flows included in net result

     

Gain/(loss) upon revaluation of biological assets

5.4.1 (4,431) 2,990
Onerous contracts 4.6.2 (381) (425)
Grants and subsidies from State Government 3.3 200 1,667

Other economic flows included in net result before income tax

  (4,612) 4,232

 

Income tax benefit/(expense) related to other economic flows

4.7.1 1,384 (1,270)
 

Total other economic flows included in net result after income tax

  (3,228) 2,962

 

Net result from continuing operations after income tax

  (2,580) 1,365

 

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) 5 (10)
Changes in asset revaluation surplus 9.7.1 1,696 (456)
Deferred tax on items of other comprehensive income 9.7.1 (509) 137
Items that may be reclassified subsequently to profit or loss      
Changes in cashflow hedge reserve 9.7.2 (7) 101
Income tax on items of other comprehensive income 9.7.2 2 (30)
Total economic flows - other comprehensive income net of income tax   1,187 (258)

Total comprehensive income for the period

  (1,393) 1,107

For the year ended 30 June 2020. The 'Statement of comprehensive income' should be read in conjunction with the accompanying notes.

* View key of all financial notes.