Indigenous Land Corporation gpo box 652 Adelaide sa 5001

6. Own-source revenue

6A. Interest

Interest on bank accounts
Held-to maturity investments
Term deposits	2,023	2,058	2,023	2,058
Loans and receivables
Interest on bank and other securities	225	670	18,191	19,681
Interest on repayable grants	–	3	–	3
Total interest revenue	2,248	2,731	20,214	21,742

6B. Sale of goods and rendering of services

Provision of goods – external parties	35,506	33,644	681	919
Rendering of services – related entities	261	–	–	–
Rendering of services – external parties	80,052	77,339	7,139	5,199
Total sale of goods and rendering of services	115,819	110,983	7,820	6,118

6C. Grants

Grants from:
Department of Natural Heritage	–	790	–	790
Department of Prime Minister and Cabinet	1,260	–	1,147	–
Dept of Families, Housing, Community Services and Indigenous Affairs (former)	157	221	157	219
Aboriginal Benefits Account	1,050	1,525	1,050	1,525
Department of Health and Ageing (former)	468	788	–	–
Department of Education, Employment and Workplace Relations (former)	804	2,138	681	1,774
Other	–	142	–	23
Total grants	3,739	5,604	3,035	4,331

The ILC receives small amounts from Government departments as contributions to some of its land management projects. The income is recognised where there is reasonable assurance that the grant will be received and all attached conditions will be complied with.

Consol 2014 $,000

Consol 2013 $,000

ILC 2014 $,000

ILC 2013 $,000

6D. Other revenue

Diesel fuel rebate	356	349	356	349
Grant recovery	119	152	119	152
Insurance proceeds	319	604	311	604
Rent received	7,730	6,134	–	–
Other	4,849	2,801	2,401	1,006
Total other revenue	13,373	10,040	3,187	2,111
Other Revenue from
Related entities	357	815	357	349
External entities	13,016	9,225	2,830	1,762
Total other revenue	13,373	10,040	3,187	2,111

7. Gains

7A. Net gain in the net market value¹ of livestock

Net gain in net market value during the reporting period

Cattle	10,090	3,636	10,090	3,636
Sheep	423	67	423	67
Horses	48	17	48	17
Buffalo	(29)	(12)	(29)	(12)
	10,532	3,708	10,532	3,708
Movement in provision for deaths	(155)	221	(155)	221
Net gain in the net market value of livestock	10,377	3,929	10,377	3,929

7B. Net market value¹ of agricultural produce

Non-living agricultural produce extracted from biological assets

Net market value of wool extracted during the reporting period	423	401	423	401
Wool
Revenue from sale of wool	423	485	423	485
Deemed cost of wool	(423)	(485)	(423)	(485)
Net revenue from sale of wool	–	–	–	–

During the reporting period the Corporation sold 345 (2013: 350) bales of wool.

¹ Net market value is fair value less estimated point of sale costs.

Consol 2014 $,000

Consol 2013 $,000

ILC 2014 $,000

ILC 2013 $,000

7C. Net gain (loss) from sale of assets

Property, plant and equipment
Proceeds from sale	104	178	108	135
Carrying value of assets sold	(391)	(663)	(180)	(235)
Net loss from sale of property, plant and equipment	(287)	(485)	(72)	(100)
Plant and equipment held for grant
Proceeds from sale	25	11	25	11
Carrying value of assets sold	(66)	(60)	(66)	(60)
Net loss from sale of plant and equipment held for grant	(41)	(49)	(41)	(49)
Land held for grant
Proceeds from sale	1,135	–	1,135	–
Carrying value of assets sold	(682)	–	(682)	–
Net gain from sale of land held for grant	453	–	453	–
Total proceeds from sale	1,264	189	1,268	146
Total value of assets sold	(1,139)	(723)	(928)	(295)
Total net gain (loss) from sale of assets	125	(534)	340	(149)

Consol 2014 $,000

Consol 2013 $,000

ILC 2014 $,000

ILC 2013 $,000