Territory Stories

Annual Report 2021–2022, Power and Water Corporation

Details:

Title

Annual Report 2021–2022, Power and Water Corporation

Other title

Tabled Paper 708

Collection

Tabled Papers for 14th Assembly 2020 -; Tabled Papers; ParliamentNT

Date

2022-11-23

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Publisher name

Legislative Assembly of the Northern Territory

Place of publication

Darwin

File type

application/pdf

Use

Copyright

Copyright owner

Legislative Assembly of the Northern Territory

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/893266

Citation address

https://hdl.handle.net/10070/893267

Page content

Annual Report 2021-2022 67 Page 16 of 60 Power and Water Corporation Consolidated statement of profit or loss and other comprehensive income for the year ended 30 June 2022 June 2022 June 2021 June 2022 June 2021 Note $'000 $'000 $'000 $'000 Revenue from contracts with customers 3.1 688,738 703,209 643,207 659,625 Revenue from rendering of services and government grants 3.2 97,385 76,262 - Finance revenue 3.3 418 1,703 1,394 2,100 Other income 3.4 28,200 29,611 28,200 29,611 Inter-Group sales - - 10,772 9,562 814,741 810,785 683,573 700,898 Energy and materials (292,443) (304,680) (259,710) (280,588) Repairs and maintenance expense 4.1 (71,361) (74,063) (54,006) (58,361) Employee benefits expense 4.2 (70,294) (98,822) (65,868) (87,291) External service agreements (54,618) (53,350) (35,260) (35,943) Impairment of non-current assets and onerous contract provisions 4.3 39,561 5,139 46,640 (1,940) Net loss on disposal of property, plant and equipment, inc gifted streetlights (5,572) (3,190) (4,792) (1,884) Other expenses 4.4 (31,276) (59,775) (30,959) (53,374) (486,003) (588,741) (403,955) (519,381) Earnings before interest, tax, depreciation and amortisation 328,738 222,044 279,618 181,517 Depreciation and amortisation expenses 4.5 (194,780) (192,138) (134,958) (132,504) Finance costs 4.6 (54,249) (58,834) (53,190) (56,799) Profit/(loss) before tax 79,709 (28,928) 91,470 (7,786) Income tax equivalent expense 5 (a) (32,097) 631 (32,097) 631 Profit/(loss) for the year 47,612 (28,297) 59,373 (7,155) Other comprehensive income, net of tax Items that will not be reclassified subsequently to profit or loss: Revaluation surplus 25 (76,493) 49,172 (76,493) 49,172 Other comprehensive income for the year, net of tax (76,493) 49,172 (76,493) 49,172 Total comprehensive income for the year (28,881) 20,875 (17,120) 42,017 The consolidated statement of profit or loss and other comprehensive income is to be read in conjunction with the notes to the financial statements. Consolidated Corporation Consolidated statement of profit or loss and other comprehensive income


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