AS AT 30 JUNE 2011
62
Notes to the Financial Statements (continued)
4. Revenue
Consolidated
2011
2010
$’000
$’000
From continuing operations
Gross interest and fnance lease income
157,337
148,474
Amortisation of initial direct transaction costs (note 1(i) (ii))
(31,883)
(28,103)
Interest on leases and loan receivables
125,454
120,371
Other portfolio income
84,610
77,439
Other revenue
Interest income – Banks
4,928
4,244
Sundry income
7,985
2,163
222,977
204,217
5. Expenses
Consolidated
2011
2010
$’000
$’000
Proft before income tax includes the following specifc expenses:
Depreciation
– Plant and equipment
1,375
1,512
Amortisation
– Software
3,660
2,785
– Merchant relationships
860
860
– Credit software
225
225
– Access rights
63
–
Total depreciation and amortisation expenses
6,183
5,382
Bad debts written of
22,285
25,114
Movement in allowance for losses
894
(683)
Losses on loans and receivables
23,179
24,431
Rental expense relating to operating leases:
– Minimum lease payments
2,721
2,693
2,721
2,693