FINANCIAL REPORTS
INCOME STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2009
Consolidated Parent entity
Notes 2009
$’000
2008
$’000
2009
$’000
2008
$’000
Revenue from ordinary activities
Property revenue 2 708,506 664,831 139,506 142,190
Distribution revenue – – 24,636 36,810
Interest revenue 3,225 8,134 3,431 715
Management fee revenue 63,663 26,760 – –
Total revenue from ordinary activities 775,394 699,725 167,573 179,715
Share of net profits of associates accounted for using the equity method 16 31 2,467 – –
Net foreign exchange gain/(loss) 2,179 3,442 (153,701) 48,314
Other income 335 1,253 112 478
Total income 777,939 706,887 13,984 228,507
Expenses
Property expenses (174,485) (159,565) (32,678) (34,803)
Responsible Entity fees 33 – (21,869) (6,358) (9,397)
Finance costs 3 (384, 241) (213,233) 14,022 (23,560)
Net fair value (loss)/gain of investment properties (1,517,564) 184,444 (164,539) 30,733
Net (loss)/gain on sale of investment properties (1,880) 2,297 (1,330) (5,743)
Net loss on sale of investment (534) – – –
Net fair value loss of investments – – (176,712) (96,517)
Net fair value loss of derivatives (21,209) (3,503) (5,753) (2,203)
Depreciation and amortisation (4,742) (3,002) – –
Impairment (168,169) (61) – –
Employee benefits expense (59,282) (23,340) – –
Other expenses 5 (21,485) (15,892) (1,622) (1,213)
Total expenses (2,353,591) (253,724) (374,970) (142,703)
(Loss)/profit before tax (1,575,652) 453,163 (360,986) 85,804
Tax benefit/(expense)
Income tax (expense)/benefit 4 (a) (12,537) 1,542 – –
Withholding tax benefit/(expense) 4 (c) 132,773 (9,444) – –
Total tax benefit/(expense) 120,236 (7,902) – –
(Loss)/profit after tax (1,455,416) 445,261 (360,986) 85,804
(Loss)/profit attributable to:
Equity holders of the parent entity (300,486) 83,470 (360,986) 85,804
Equity holders of other stapled entities (minority interest) (1,158,625) 354,807 – –
Stapled security holders (1,459,111) 438,277 (360,986) 85,804
Net profit attributable to other minority interests 3,695 6,984 – –
Net (loss)/profit (1,455,416) 445,261 (360,986) 85,804
Earnings per unit Cents Cents Cents Cents
Basic earnings per unit on (loss)/profit attributable
to equity holders of the parent entity 39 (8.11) 2.64 (9.74) 2.72
Diluted earnings per unit on (loss)/profit attributable
to equity holders of the parent entity 39 (8.11) 2.64 (9.74) 2.72
The above Income Statements should be read in conjunction with the accompanying notes.
Earnings per stapled security
Basic earnings per unit on (loss)/profit attributable
to stapled security holders 39 (39.38) 13.88
Diluted earnings per unit on (loss)/profit attributable
to stapled security holders 39 (39.38) 13.88
DEXUS PROPERTY GROUP Annual REPORT 2009 29