Forecast Comprehensive Income Statement

For the period 1 July 2009 to 30 June 2012

	Parent Forecast 2009/10 $m	Group Forecast 2009/10 $m	Group Forecast 2010/11 $m	Group Forecast 2011/12 $m
Revenue
Rental income from tenants	16	381	391	404
Rental income from Income-Related Rent Subsidy	5	516	529	546
Interest income	3	6	8	8
Crown appropriation income	61	61	65	67
Other income	147	1	10	10
Total operating revenue	232	965	1,003	1,035
Expenses
Repairs and maintenance	10	215	203	211
Rates	3	115	121	127
Third-party rental leases	9	63	64	66
Depreciation and amortisation	6	172	176	179
Personnel	89	90	92	94
Interest costs	20	120	124	128
Other expenses	84	114	144	148
Total operating expenses	221	889	924	953
Operating surplus/(deficit) before tax	11	76	79	82
Income tax expense/(benefit)	7	30	31	31
Net surplus after tax	4	46	48	51
Other comprehensive income
Revaluation of property, plant and equipment
Revaluation gains/(losses/transfers) taken to equity net of tax	(10)	(239)	235	490
Financial assets at fair value through equity
Revaluation gains/(losses) taken to equity net of tax	1	19	81	(6)
Other comprehensive income net of tax	(9)	(220)	316	484
Total comprehensive income net of tax	(5)	(174)	364	535