New Zealand Gazette – 1999 – No. 146

Page 3497

✨ Financial Statements



11 OCTOBER

NEW ZEALAND GAZETTE

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS (Continued)

Line Business 1999 1998
$ $
Centralised Load Equipment - At Cost 1,152,772 1,152,772
Less Accumulated Depreciation (807,508) (748,333)
345,264 404,439
Computer Equipment - At Cost 1,537,312 2,156,201
Less Accumulated Depreciation (773,007) (1,063,869)
764,305 1,092,332
Office Equipment - At Cost 2,110,714 2,787,723
Less Accumulated Depreciation (934,041) (1,031,095)
1,176,673 1,756,628
Motor Vehicles - At Cost 4,621,265 3,418,237
Less Accumulated Depreciation (2,534,667) (1,967,379)
2,086,598 1,450,858
Buildings - At Valuation 7,260,948 7,387,354
Less Accumulated Depreciation (298,214) (148,554)
6,962,734 7,238,800
Land - At Valuation 1,349,747 1,346,904
Total Fixed Assets 46,221,628 49,829,322

Revalued Land and Buildings are stated at net current values as at 31 March 1997 as determined by Coutts Milburn Ltd, Registered Valuers of Whangarei.

  1. Share Capital:
    Authorised, issued and paid up capital,
    32,600,000 ordinary shares of $1 each,
    31 March 1999
    Shares Repurchased
    Total Issued and Paid Up Capital

    1999 1998
    32,600,000 32,600,000
    (20,139,844) -
    12,460,156 32,600,000

  2. Asset Revaluation Reserve:
    Opening Balance
    Transfer to Retained Earnings
    Balance 31 March 1999

    1999 1998
    5,250,224 5,533,113
    - (282,889)
    5,250,224 5,250,224

  3. Retained Earnings:
    Balance as at 31 March 1998
    Operating Surplus
    Transfer from Asset Revaluation
    Total Available for Appropriation
    Dividends
    Balance 31 March 1999

    1999 1998
    14,046,433 13,611,092
    2,429,084 152,452
    - 282,889
    16,475,517 14,046,433
    - -
    16,475,517 14,046,433

  4. Reconciliation of Net Profit After Taxation with Cash Inflow from Operating Activities:
    Reported surplus After Taxation
    Add (less) Non Cash Items:
    Depreciation
    Movements Deferred Tax
    Movements in Working Capital -
    Increase (Decrease) in Creditors
    (Increase) Decrease in Taxation Refund
    (Increase) Decrease Accounts Receivable
    (Increase) Decrease in Inventory
    Net Cash Flow From Operating Activities

    1999 1998
    2,429,084 152,452
    2,595,224 3,674,132
    1,348,843 119,776
    8,992,826 (960,084)
    688,844 (1,271,397)
    599,359 431,585
    (323,760) (286,994)
    16,977,940 1,859,470


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✨ LLM interpretation of page content

💰 Statement of Cash Flows for Northpower Ltd (continued from previous page)

💰 Finance & Revenue
Cash Flows, Operating Activities, Investing Activities, Financing Activities, Northpower Ltd