New Zealand Gazette – 1999 – No. 169

Page 4015

✨ Financial Statements



12 NOVEMBER NEW ZEALAND GAZETTE 4015

STATEMENT OF FINANCIAL POSITION

as at 31 March 1999

Note 1999 $000 1998 $000
CURRENT ASSETS
Cash 9,456 7,403
Receivables 6 1,759 1,822
Tax receivable 5 0 167
Inventories 7 57 598
TOTAL CURRENT ASSETS 11,272 9,990
NON-CURRENT ASSETS
Future tax benefit 5 340 496
Fixed Assets 8 16,194 19,259
TOTAL NON-CURRENT ASSETS 16,534 19,755
TOTAL ASSETS 27,806 29,745
CURRENT LIABILITIES
Borrowings 10 17 17
Accounts payable 9 780 1,330
Tax payable 5 506 0
Provisions 11 149 480
TOTAL CURRENT LIABILITIES 1,452 1,827
NON-CURRENT LIABILITIES
Borrowings 10 29 27
Term liabilities - subordinated debt 10,000 10,000
TOTAL NON-CURRENT LIABILITIES 10,029 10,027
TOTAL LIABILITIES 11,481 11,854
NET ASSETS 16,325 17,891
SHAREHOLDERS EQUITY
Share capital 8,503 8,503
Reserves 12 1,827 1,746
Retained Earnings 13 5,995 7,642
TOTAL SHAREHOLDERS EQUITY 16,325 17,891

The accompanying notes are an integral part of these financial statements.



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✨ LLM interpretation of page content

🏭 Statement of Financial Position for the year ended 31 March 1999 (continued from previous page)

🏭 Trade, Customs & Industry
Financial Position, Assets, Liabilities, Shareholders Equity