✨ Financial Statements Notes
3006
NEW ZEALAND GAZETTE
No. 118
THE LINES COMPANY LIMITED
Line Business Activity
Notes to the Financial Statements
For the Year Ended 31st March 2000
NOTE 9: LOANS
| 2000 | 1999 | |
|---|---|---|
| $000 | $000 | |
| 'Other' (The Lines Company Activities) | 9,763 | 0 |
| Perpetual | 3,000 | 3,000 |
| Bank of New Zealand Swaps | -11,000 | 0 |
| 23,763 | 3,000 |
The perpetual loans are subordinated debentures issued to:
- Waitomo Energy Services Customer Trust
$1,000,000 at a rate of 8.0% - Northern King Country Development Trust
$2,000,000 at a rate of 5.0%
The subordinated debentures are unsecured.
NOTE 10: DEFERRED TAXATION
| Represented by the following timing differences: | 2000 | 1999 |
|---|---|---|
| $000 | $000 | |
| Fixed Assets | 1,036 | 859 |
| Accruals & Provisions | (503) | (370) |
| 533 | 489 |
NOTE 11: SEGMENTAL INFORMATION
The Lines Company Limited operates predominantly in one geographical segment. It is located in the mid-central North Island in the King Country. The head office is located in the township of Te Kuiti.
NOTE 12: RELATED PARTY TRANSACTIONS
During the year the Company paid Waitomo Energy Services Customer Trust $81,000 of interest on a subordinated debenture.
NOTE 13: SUBSEQUENT EVENTS
As at year end the Company had a capital commitment of $670,000.
NOTE 14: CASHFLOW RECONCILIATION WITH REPORTED NET PROFIT
| 2000 | |
|---|---|
| $000 | |
| Net Profit after Tax and Customer Discount | 2,479 |
| Add non cash items | |
| Gain on sale (Gain)/Loss | 0 |
| Depreciation | 358 |
| 358 | |
| Less Movements in Working Capital | |
| Increase in Receivables | (47) |
| Decrease in Stock | 0 |
| Decrease/Increase in Creditors | (787) |
| Increase in Provisions | 1,061 |
| Other | (809) |
| (582) | |
| Net Cash Flows from Operating Activities | 3,419 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 118
Gazette.govt.nz —
NZ Gazette 2000, No 118
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Notes to the Financial Statements for The Lines Company Limited
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🏭 Trade, Customs & IndustryFinancial Statements, Loans, Deferred Taxation, Segmental Information, Related Party Transactions, Subsequent Events, Cashflow Reconciliation, The Lines Company Limited