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Whitehaven Coal Limited : Annual Report 2013
141 Whitehaven Coal Limited Annual Report 2013 Notes to the Financial Statements 30 June 2013 8. REVENUE Consolidated In thousands of AUD 2013 2012 Sale of coal 622,159 618,087 9. OTHER INCOME Before signi cant items: Hire of plant 4,951 4,947 Rental income 1,111 529 Gain on sale of non-current assets 138 -- Unrealised gain on investments -- 4,766 Sundry income1 5,144 6,796 11,344 17,038 Signi cant items: Gain on sale of interest in Maules Creek JV2 -- 116,175 -- 116,175 1 Included within sundry income is $4.3 million (2012: $6.0 million) of the Group's share of income from the Blackjack Carbon Joint Venture. 2 During the year ended 30 June 2012 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 2013 2012 Payments for unful lled legacy contracts1 -- 22,813 Share-based compensation payments 3,675 10,420 Loss on sale of non-current assets -- 1,271 Write back of claim settlement costs2 (3,481) -- 194 34,504 1 This expense relates to the cost of nancial settlements of legacy contracts which could not be lled with either Whitehaven coal or purchased coal in the prior year. The legacy contracts were xed price, term contracts entered into in 2005-06 with various coal trading companies and have been fully settled. 2 Legal claims were settled at costs lower than estimated and provided for in the prior year, resulting in a credit to pro t and loss in the current year.
Annual Report 2012