NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CONT 25. CONTROLLED ENTITIES (CONTINUED) 3 months to 31 Mar 2013 $000 12 months to 31 Dec 2012  $000 3 months to 31 Mar 2012  $000  (reviewed) (b) Financial information for class order Closed Group (continued) Income Statement of the Closed Group: Revenue  Cattle sales 22,114 161,608 19,561 Meat sales 38,134 140,376 23,709 Crop income   899 19,188 - 61,147 321,172 43,270 Cattle growth 9,556 76,840 15,013 Cattle fair value adjustments (37,666) 87,550 12,452 33,037 485,562 70,735 Deemed cost of cattle sold  (22,114) (161,608) (19,561) Cattle expenses (6,881) (37,415) (4,209) Feedlot cattle expenses (7,535) (29,529) (6,825) Cost of meat sold (37,532) (136,235) (22,926) Crop costs  613 (11,347) (895) Gross operating margin (40,412) 109,428 16,319 Other revenue  1,037 2,681  331 Other income  114 1,920 72 Expenses Administration and other non-station operating costs (5,994) (14,939) (3,261) Business development  (405) (2,121) (329) Depreciation (2,728) (9,405) (2,203) Employee expenses (10,291) (34,224) (7,156) Impairment of property, plant and equipment - (8,085) - Lease and property related costs (2,595) (6,968) (1,557) Other station operating costs (6,004) (23,596) (5,572) (Loss)/Profit before finance costs and income tax expense (67,278) 14,691 (3,356) Net finance costs (6,711) (27,132) (6,310) Loss before income tax (73,989) (12,441) (9,666) Income tax benefit 27,512 4,032 4,593 Net loss after tax  (46,477) (8,409) (5,073) Annual Report 2013 95