Financial Performance

Public reporting for financial years ended 30 June 2020 and 30 June 2019

 

 

 
          2020
        2019
Port
Note 
$'000
$'000
Harbour and River Dues  
91,097
96,538
Wharfage   
66,555
71,594
Revenue  
157,652
168,132
Operations Expense - Marine Side Assets
1
9,324
8,737
Depreciation - Marine Side Assets 
2
11,119
9,456
Allocated Overheads - Marine Side Assests 
3
9,386
9,806
Expenses   
29,830
27,999
Operating Profit from Marine Side Operations   
127,822
140,133
Marine Side Assets 
4
2,297,140
2,312,572

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 Financials.
  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 (45.4%) 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 30/6/2020.
This information has been prepared by Port of Brisbane Pty Ltd and approved by the Board of QPH Property Co Pty Limited in its capacity as trustee of the QPH Property Trust. The figures are certified as correct by the Chief Executive Officer.