✨ Financial Statements
NEW ZEALAND GAZETTE
No. 138
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 1999
| NOTES | As at 31 March 1999 | As at 31 March 1998 | |
|---|---|---|---|
| $ | $ |
CURRENT ASSETS
| Cash and Bank Balances | 1,757,656 | 1,450,326 | |
| Accounts Receivable | 4 | 393,925 | 1,063,338 |
| Inventories | 5 | 1,191,841 | 1,304,381 |
| Provision for Tax and deferred tax | 553,591 | — | |
| TOTAL CURRENT ASSETS | 3,896,813 | 3,818,047 |
CURRENT LIABILITIES
| Creditors and Accruals | 6 | 2,280,952 | 1,810,374 |
| Provision for Tax | — | (61,742) | |
| TOTAL CURRENT LIABILITIES | 2,280,952 | 1,748,632 | |
| WORKING CAPITAL | 1,615,861 | 2,069,415 |
NON CURRENT ASSETS
| Fixed Assets | 8 | 16,559,017 | 18,041,871 |
| Future Income Tax Benefits | — | 64,499 | |
| TOTAL NON CURRENT ASSETS | 16,559,017 | 18,106,370 |
NON CURRENT LIABILITIES
| Inter-divisional Loans | 7 | 3,200,000 | 2,200,000 |
| Term Debt | — | 2,375,000 | |
| Employee Entitlements | 6 | 96,940 | 66,811 |
| TOTAL NON CURRENT LIABILITIES | 3,296,940 | 4,641,811 | |
| NET ASSETS | 14,877,938 | 15,533,974 |
REPRESENTED BY SHAREHOLDERS EQUITY
| Issued & Paid up Capital | 3 | 7,104,699 | 8,736,142 |
| Retained Earnings | 7,773,239 | 6,797,832 | |
| TOTAL SHAREHOLDERS EQUITY | 14,877,938 | 15,533,974 |
The accompanying notes form an integral part of these financial statements.
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VUW Te Waharoa —
NZ Gazette 1999, No 138
NZLII — 🌐 NZ Gazette 1999, No 138
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Marlborough Lines Limited Financial Statements
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