The above Consolidated Income Statement should be read in conjunction with the accompanying notes. * The Company’s auditor has performed a review (which is not an audit) of the 31 March 2012 comparatives. Annual Report 2013 51 CONSOLIDATED INCOME STATEMENT For the three months to 31 March 2013 Note 3 months to 31 Mar 2013  $000 12 months to 31 Dec 2012  $000 3 months to 31 Mar 2012  $000   *(reviewed) 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 15 (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  7(a) 1,037 2,681  331 Other income 7(b)  114 1,920 72 Expenses Administration and other non-station operating  costs 8(e) (5,994) (14,939) (3,261) Business development  (405) (2,121) (329) Depreciation 8(a) (2,728) (9,405) (2,203)  Employee expenses 8(d) (10,291) (34,224) (7,156) Impairment of property, plant and equipment 16(a) - (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 8(b) (6,711) (27,132) (6,310)  Loss before income tax (73,989) (12,441) (9,666) Income tax benefit 9 27,512 4,032 4,593 Net loss after tax (46,477) (8,409) (5,073) Earnings per share for profit attributable to the  ordinary equity holders of the parent  cents cents cents Basic loss per share  11 (14�9) (2�7) (1�6) Diluted loss per share  11 (14�9) (2�7) (1�6)