55 l BRADKEN LIMITED ANNUAL REPORT 2014
Notes to the consolidated financial statements
30 June 2014
(continued)
6 Profit from ordinary activities
2014
2013
$'000
$'000
Revenue
From continuing operations
Sales revenue
Sale of goods
1,135,240
1,313,139
1,135,240
1,313,139
Other revenue
Rental income
405
400
Royalty income
251
506
Sale of scrap
380
925
Commission received
19
145
Insurance recovery
1,795
-
Other
1,271
2,073
1,139,361
1,317,188
Other income
Interest
1,282
254
-
12,137
-
2,433
13,339
-
14,621
14,824
Expenses
2014
2013
$'000
$'000
Depreciation
Buildings
4,790
4,639
Plant & equipment
42,790
36,251
Leasehold improvements
184
339
Plant & equipment under finance leases
5,184
5,129
Total depreciation
52,948
46,358
Amortisation
Customer lists
7,470
7,341
Trademarks
1,423
1,289
Licences and other
4,124
3,226
Total amortisation
13,017
11,856
Finance costs - net
Interest and finance charges paid/payable
30,636
30,127
Borrowing costs amortisation
1,514
1,474
32,150
31,601
Amount capitalised*
(1,488)
(100)
Finance costs expensed
30,662
31,501
15,498
-
Net loss on disposal of property, plant and equipment
136
-
*The borrowing costs capitalised represent
amounts incurred upfront to renew finance facilities.
Foreign exchange gains recognised in profit before income
tax for the year
Foreign exchange losses recognised in profit before income
tax for the year
Profit before income tax includes the following specific
expenses:
Net gain on disposal of property, plant and equipment
Recovery of costs associated with the Pala legal matter (note 7)
Page 55
Bradken Limited
NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS
(CONTINUED)
1...,82,83,84,85,86,87,88,89,90,91 93,94,95,96,97,98,99,100,101,102,...136