Note 41
Parent Entity financial information
(a) Summary financial information
The individual financial statements for the parent entity (Australian Rail Track Corporation) show the
following aggregate amounts:
Parent entity
2012
2011
$’000
$’000
Balance sheet
Current assets
175,321
345,465
Non‑current assets
4,519,376
4,147,630
Total assets
4,694,697
4,493,095
Current liabilities
253,026
255,522
Non‑current liabilities
1,110,743
871,415
Total liabilities
1,363,769
1,126,937
Net assets
3,330,928
3,366,158
Shareholders’ equity
Contributed equity
2,391,526
1,982,226
Reserves
878,927
1,103,735
Retained earnings
60,475
280,197
Capital and reserves attributable to owners of
Australian Rail Track Corporation Ltd
3,330,928
3,366,158
Total income
690,123
683,199
Total expenses
(837,418)
(976,029)
Finance costs ‑ net
(18,527)
(11,756)
Income tax (expense)/benefit
(54,357)
249,435
Profit or loss for the year
(220,179)
(55,151)
Other comprehensive income
Cash flow hedge charged to equity ‑ interest rate swap
(3,813)
-
Net changes in fair value of cashflow hedges transferred to
profit and loss
7
(13)
Changes in the fair value of cash flow hedges
99
(7)
Actuarial (losses)/gains on defined benefit fund obligations
(5,041)
23
Revaluation of property plant and equipment
-
520,332
Income tax effect of revaluation
1,196
(153,793)
Reversal of revaluation property plant and equipment
(311,874)
-
Income tax effect of reversal of revaluation
93,562
-
Income tax effect on defined benefit fund obligations
1,512
(7)
Other comprehensive income for the year, net of tax
(224,352)
366,535
Total comprehensive income
(444,531)
311,384
111
