Financial Performance

Public reporting for financial years ended 30 June 2019 and 30 June 2018

 
    2019 2018
Port Note  $'000 $'000
Harbour Dues   95,881 93,112
Wharfage    70,883 64,372
River Dues and Other   657 268
Revenue   167,421 157,753
Operations Expense - Marine Side Assets 1 8,737 9,645
Depreciation - Marine Side Assets  2 9,456 8,806
Allocated Overheads - Marine Side Assests  3 9,806 8,435
Expenses    27,999 26,886
Operating Profit from Marine Side Operations    139,422 130,867
Marine Side Assets  4 2,312,572 2,050,885

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, Wharves and Wet Land.
  3. Allocated Overheads - Marine Side Assets is an allocation (46.4%) 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 30/6/2019.

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.