Page 18 - PNMRT AnnRpt 2020

PALMERSTON NORTH MA¯ ORI RESERVE TRUST
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2020
2020 $
6,868,991 93,992
6,962,983
(2,362,274) (943,855) (52,085) – (1,813)
(3,360,027)
3,602,956
155,443 (943,580)
(788,137)
2,814,819
730,000 – 1,788,500
(65,462)
5,267,857
(534,413)
4,733,444
$4,733,444
Revenue
Gross Rental Income Other Income
Total Income
Expenses
Direct Property Expenses Administration Expenses Depreciation Amortisation
Loss on Disposal of Property, Plant and Equipment
Total Expenses
Operating Profit Before Net Financing Costs
Finance Costs
Finance Income Finance Expenses
Net Finance Costs
Operating Profit After Net Financing Costs
Non-Operating Revenue and Expenses
Share of Equity Accounted Investees Profit for the Year Loss on Sale of Investment Property
Investment Property Revaluation
Demolition Costs
Profit Before Income Tax
Income Tax Expense
Profit for the Year
Total Comprehensive Income for the Year
NOTE
13
13 15
14 14
4 3 3
16
2019 $
6,646,661 39,125
6,685,786
(2,176,214) (1,008,171) (45,551) (4) (8,349)
(3,238,289) 3,447,497
187,409 (1,140,111)
(952,702) 2,494,796
727,710 (595,000)
5,423,062 (141,202)
7,909,366
(396,670) 7,512,696
$7,512,696
16
Palmerston North Ma¯ori Reserve Trust
ANNUAL REPORT 2020
The above statements should be read in conjunction with the notes to and forming part of the financial statements.