Financial performance

Public reporting for financial years ended 30 June 2015 and 30 June 2016

     2015 2016
Port Note $'000 $'000
Harbour Dues   82,378 75,852
Wharfage   50,286 53,039
River Dues and Other   172 145
Revenue   132,836 129,036
Operations Expense - Marine Side Assets 1 8,310 8,818
Depreciation - Marine Side Assets 2 10,163 10,882
Allocated Overheads - Marine Side Assets 3 8,024 6,738
Expenses   26,497 26,438
Operating Profit from Marine Side Operations   106,339 102,598
Marine Side Assets 4 2,003,841 2,016,147


Notes:

  1. Operations Expense - Marine Side Assets is made up of mainly Repairs & Maintenance costs, and other minor costs, directly related to Channels and Wharves recorded specifically against these activities in the Accounts.
  2. Depreciation - Marine Side Assets is the Depreciation and Amortisation costs specifically related to Channels and Wharves.
  3. Allocated Overheads - Marine Side Assets is an allocation (46.3%) of representative indirect costs (costs not directly related to income earning operations or capital projects) using allocation bases including relative revenue and relative assets values.
  4. Marine Side Assets represent the Channel and Wharves at depreciated replacement cost as at 30/6/2016.
 

This information has been prepared by Port of Brisbane Pty Ltd and approved by the Board of QPH Property Co Pty Limited.  The figures are certified as correct by the Chief Executive Officer.