✨ Financial Statements
25 AUGUST NEW ZEALAND GAZETTE 2727
HAWKE’S BAY NETWORK LIMITED - LINES BUSINESS
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For the Year Ending 31 March 2000
13 RESERVES
Asset Revaluation Reserve
Balance at beginning of year 41,735 -
Revaluation Of Network Assets - 49,405
Deferred taxation on asset revaluation 8,383 (8,383)
50,118 41,022
Revaluation Of Land (154) 713
Balance as at 31 March 49,964 41,735
14 RETAINED EARNINGS
Balance at beginning of year 773 (1,917)
Net Surplus (Deficit) 3,472 2,690
Transfer to Share Capital (Refer Note 7) (6,000) -
(1,755) 773
15 RECONCILIATION OF REPORTED NET OPERATING
SURPLUS AFTER TAX WITH NET CASH FLOWS FROM
OPERATING ACTIVITIES
NET OPERATING SURPLUS (DEFICIT) AFTER TAXATION 3,472 2,690
PLUS: Non Cash/Non Operating Items
Building Revaluation 2,113 2,957
Gain On Asset Sales (65) (281)
Depreciation 4,688 3,119
10,208 8,485
PLUS (LESS): Movements in Working Capital
Decrease (Increase) in Receivables and Prepayments (551) 1,184
Decrease (Increase) in Inventories (651) 1,001
Increase (Decrease) in Accounts Payable, Accruals
and Employee Entitlements 1,166 (1,898)
Decrease (Increase) in Work In Progress - (973)
Increase (Decrease) in Taxation Payable (828) 930
PLUS (LESS): Other Movements
Increase (Decrease) Deferred Taxation Liability (2,095) 362
Net Cash Inflow From Operating Activities 7,249 9,091
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 109
Gazette.govt.nz —
NZ Gazette 2000, No 109
✨ LLM interpretation of page content
💰
Notes to and forming part of the financial statements for Hawke's Bay Network Limited
(continued from previous page)
💰 Finance & RevenueFinancial statements, Asset Revaluation Reserve, Retained Earnings, Net Operating Surplus, Cash Flows, Hawke's Bay Network Limited