by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
Whitehaven Coal Limited : Annual Report 2012
Whitehaven Coal Limited -- Annual Report 2012 105 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2012 8. REVENUE Consolidated In thousands of AUD 2012 2011 Sale of coal 618,087 622,186 9. OTHER INCOME Before significant items: Hire of plant 4,947 4,548 Rental income 529 1,027 Gain on Sale of Non-Current assets -- 294 Unrealised gain on investments 4,766 -- Sundry income1 6,796 9,315 17,038 15,184 Significant items: Gain on sale of interest in Maules Creek JV2 116,175 -- 116,175 -- 1 Included within sundry income is $6.0 million (2011: $6.1 million) of the Group's share of income from the Blackjack Carbon Joint Venture. 2 During the year the Group sold 10% of its interest in the Maules Creek joint venture. Refer to Note 7 for further details of this transaction. 10. OTHER EXPENSES Consolidated In thousands of AUD 2012 2011 Payments for unfulfilled legacy contracts1 22,813 39,842 Share based compensation payments 10,420 6,431 Loss on sale of non current assets 1,271 -- 34,504 46,273 1 This expense relates to the cost of financial settlements of legacy contracts which could not be filled with either Whitehaven coal or purchased coal. These legacy contracts are fixed price, term contracts entered into in 2005-06 with various coal trading companies, and have now been fully settled. 11. PERSONNEL EXPENSES Consolidated In thousands of AUD 2012 2011 Wages and salaries 70,623 53,989 Contributions to superannuation plans 5,468 4,988 Other associated personnel expenses 4,119 2,404 Increase in liability for annual leave 1,452 1,329 Increase in liability for long-service leave 172 100 Share-based compensation payments 10,420 6,431 92,254 69,241
Annual Report 2011
Annual Report 2013