34 (Expressed in Trinidad and Tobago Dollars) STATEMENT OF COMPREHENSIVE INCOME Year ended 30 June Notes 2017 2016 $’000 $’000 Income Contributions Employers in compliance 4,044,981 3,868,193 Employers in arrears 565,176 383,803 Voluntary 79 145 4,610,236 4,252,141 Refunds (2,000) (440) Total net contributions 4,608,236 4,251,701 Net realised investment income 17 935,940 1,007,273 Net unrealised investment income/(loss) 18 393,069 (1,151,394) Revaluation of subsidiaries 149,433 103,434 Penalties and interest 23,594 12,870 Miscellaneous income 175 2,315 Loss on disposal (4) – Total income 6,110,443 4,226,199 Expenditure Benefits expenditure Long term 4,423,233 4,195,365 Short term 240,188 236,263 Employment injury 85,078 81,611 Total benefits expenditure 4,748,499 4,513,239 Administrative expenditure Staff salaries, allowances and benefits 19 134,963 148,310 Board of Directors expenses 1,031 671 Depreciation 5,792 6,069 Other expenses 20 72,262 70,945 Total administrative expense 214,048 225,995 Other Pension expense 16 13,476 11,497 Total other 13,476 11,497 Total expenditure 4,976,023 4,750,731 Surplus/(shortfall) of income over/(under) expenditure 1,134,420 (524,532) Remeasurement of defined benefit liability 16 22,154 27,634 Revaluation of property, plant and equipment 5 – 30,306 Total comprehensive income/(loss) 1,156,574 (466,592) The notes on pages 37 to 65 are an integral part of these special purpose financial statements.