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Income statement
for the year ended 30 June 2006
| Notes | 2006 | 2005 | |
|---|---|---|---|
| $'000 | $'000 | ||
| INCOME | |||
| Revenue | |||
| Revenues from Government | 5A | 43,065 | 35,742 |
| Interest | 5B | 5,673 | 7,599 |
| Industry contributions | 5C | 60,861 | 64,193 |
| Project refunds | 5D | 1,533 | 1,238 |
| Royalties | 5E | 3,516 | 1,150 |
| Other | 5F | 488 | 69 |
| Total revenue | 115,136 | 109,991 | |
| Gains | |||
| Reversal of previous asset write-downs | 5G | - | 10 |
| Total gains | - | 10 | |
| TOTAL INCOME | 115,136 | 110,001 | |
| EXPENSES | |||
| Research and development | 6A | 115,329 | 106,355 |
| Employees | 6B | 5,473 | 5,234 |
| Suppliers | 6C | 5,325 | 5,528 |
| Depreciation and amortisation | 6D | 424 | 361 |
| Write-down and impairment of assets | 6E | 169 | 2,050 |
| TOTAL EXPENSES | 126,720 | 119,528 | |
| Operating result before income tax | (11,584) | (9,527) | |
| Income tax equivalent expense | - | - | |
| OPERATING RESULT | (11,584) | (9,527) | |
| The Income Statement is to be read in conjunction with the notes to and forming part of the financial statements. | |||