Note	Year ended 30 June 2004 $'000	Year ended 30 June 2003 $'000
Sales revenue	6(ii)	118 138	113 709
Cost of sales		(53 378)	(53 840)
Gross profit		64 760	59 869
Community service obligation funding	6(ii)	3 600	3 512
Other revenue	6(ii)	2 264	2 163
Plantation expenses		(16 800)	(16 110)
Non-commercial activity expenses		(4 012)	(3 871)
Administration expenses		(8 552)	(7 761)
Trading profit before revaluation of growing timber		41 260	37 802
Net change in value of growing timber	5	14 756	21 020
Profit from ordinary activities before related income tax expense		56 016	58 822
Income tax related to ordinary activities	2.5,7	(12 251)	(11 593)
Profit from ordinary activities after related income tax expense		43 765	47 229
Net credit to an asset revaluation reserve on revaluation of non-current assets	24	30 854	26 193
Total changes in equity other than those resulting from transactions with the State Government as owner		74 619	73 422