NOTE 20
PARENT ENTITY FINANCIAL INFORMATION
(a) Summary financial information
The individual financial statements for the parent entity (Australian Rail Track Corporation Limited) show the following
aggregate amounts:
2014
$’000
Restated
2013
$’000
Balance sheet
Current assets
209,569
348,930
Non-current assets
4,873,254
4,795,893
Total assets
5,082,823
5,144,823
Current liabilities
465,348
168,417
Non-current liabilities
1,056,062
1,524,100
Total liabilities
1,521,410
1,692,517
Net assets
3,561,413
3,452,306
Shareholders’ equity
Contributed equity
2,603,226
2,603,226
Reserves
1,100,093
989,596
Retained earnings
(141,906)
(140,516)
Capital and reserves attributable to owners of
Australian Rail Track Corporation Ltd
3,561,413
3,452,306
Total revenue and other income
779,313
728,783
Total expenses
(539,264)
(1,028,752)
Finance costs - net
(51,071)
(27,184)
Income tax (expense)/benefit
(25,335)
125,119
Profit/(Loss) for the year
163,643
(202,034)
Other comprehensive income
Devaluation/Revaluation property plant and equipment
(29,099)
160,797
Income tax effect of devaluation/revaluation
8,730
(48,201)
Actuarial (losses) /gains on defined benefit fund obligations
(2,145)
3,874
Income tax effect on defined benefit fund obligations
644
(1,162)
Cash flow hedge charged to equity - foreign exchange
(22)
70
Cash flow hedge charged to equity - interest rate swap
3,426
(1,774)
Net changes in the fair value of cashflow hedges transferred to
profit and loss
(70)
(99)
Other comprehensive income for the year, net of tax
(18,536)
113,505
Total comprehensive income
145,107
(88,529)
91
