Financial performance

Public reporting for financial years ended 30 June 2016 and 30 June 2017

     2016 2017
Port Note $'000 $'000
Harbour Dues   75,852 86,471
Wharfage   53,039 57,736
River Dues and Other   145 175
Revenue   129,036 144,382
Operations Expense - Marine Side Assets 1 8,818 8,172
Depreciation - Marine Side Assets 2 10,882 8,453
Allocated Overheads - Marine Side Assets 3 6,738 7,046
Expenses   26,438 23,672
Operating Profit from Marine Side Operations   102,598 120,710
Marine Side Assets 4 2,016,147 2,008,044


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 (45.3%) 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 30/6/2017.
     

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.