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•     Markets and consumers
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  • Trade development - livestock exports
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•     Product initiatives
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  • Statement of recognised income and expense
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• Notes to the financial statements
• Directors' declaration
• Independent audit report

Consolidated Parent

2007 2006 2007 2006
Notes $000 $000 $000 $000

Note 3. REVENUE FROM ORDINARY ACTIVITIES
Revenues from operating activities
Transaction levies 4 98,177 82,012 98,177 82,012
R&D matching grants 35,661 40,301 35,661 40,301
Other income 5 25,767 30,063 25,787 30,084
Total revenues from operating activities 159,605 152,376 159,625 152,397
Revenues from non-operating activities
Bank interest 2,151 2,142 2,131 2,121
Net gain on disposal of other property, plant and equipment 10 42 10 42
Total revenues from non-operating activities 2,161 2,184 2,141 2,163
Total revenues from ordinary activities 161,766 154,560 161,766 154,560

Note 4. TRANSACTION LEVIES
Transaction levies:

-Grain fed cattle
7,402

7,402

-Grass fed cattle
46,004

46,004

-Lambs
24,512

24,512

-Sheep
3,738

3,738

-Goats
356

356

Total transaction levies

82,012

9,927 9,927
59,051 59,051
25,071 25,071
3,711 3,711
417 417
98,177 82,012 98,177

Note 5. OTHER INCOME
Processor contributions
Live exporter contributions
Co-operative funding
R&D partnership income
Income from subsidiary
Australian Government grants
Sale of products or services (a)
Other (b)

Total other income

11,099 11,650 11,099
1,093 1,172 1,093
3,022 3,451 3,022
5,686 6,627 -
--5,706
720 1,485 720
3,705 4,153 3,705
442 1,525 442
25,767 30,063 25,787
11,650
1,172
3,451

-
6,648
1,485
4,153
1,525

30,084

(a) Included in this amount is income received from the sale of the Livestock Production Assurance National vendor Declaration of $1,625,319 (2006: $2,001,000).
(b) Included in Other is income received from the World Meat Congress of $nil (2006: $1,281,000). The expenditure for the World Meat Congress amounts to $nil
(2006: $1,056,000) which is included in the Communications expenditure in the Income Statement.