✨ Financial Statements
NEW ZEALAND GAZETTE
No. 69
Interest rate risk
Interest rate risk exposure is limited to bank borrowings. The interest rates on these borrowings are adjusted every 90 days. The company has no interest risk hedge contracts.
Fair values
There were no differences between the fair value and carrying amounts of financial instruments as at 31 March 2000 (1999 - no difference).
12. Reconciliation
of net profit after tax with cash inflow from operating activities
| 2000 | |
|---|---|
| $000 | |
| Profit after taxation | 556 |
| Add / (less) non-cash items | |
| Depreciation | 821 |
| Add item classified as investing activity | |
| Capital Loss (gain) on sale of fixed assets | 37 |
| Movements in working capital | |
| Increase / (decrease) in accounts payable | 1,121 |
| (Increase) / decrease in receivables | 13 |
| Net cash inflow from operating activities | 2,548 |
| 1999 | |
|---|---|
| $000 | |
| Profit after taxation | 2,546 |
| Add / (less) non-cash items | |
| Depreciation | 917 |
| Add item classified as investing activity | |
| Capital Loss (gain) on sale of fixed assets | (2) |
| Movements in working capital | |
| Increase / (decrease) in accounts payable | (388) |
| (Increase) / decrease in receivables | (784) |
| Net cash inflow from operating activities | 2,289 |
13. Contingent liabilities
| 2000 | |
|---|---|
| $000 | |
| a) Guarantee of bank facilities for a subsidiary to a limit of | 700 |
| At balance date the amount of the bank facilities so guaranteed was | - |
| 1999 | |
|---|---|
| $000 | |
| a) Guarantee of bank facilities for a subsidiary to a limit of | 700 |
| At balance date the amount of the bank facilities so guaranteed was | - |
b) At any point in time the Company will be investigating complaints or queries about various aspects of the service it provides to customers, or end-customers. In a number of these, action may be taken against the Company. At 31 March 2000 and 1999 there was legal action being taken against the Company that remains unresolved. The directors have been advised that the Company has good defence against the action being taken against it. No provision for any loss is made in the financial statements, in respect of this action.
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2000, No 69
Gazette.govt.nz —
NZ Gazette 2000, No 69
✨ LLM interpretation of page content
💰 Interest Rate Risk
💰 Finance & RevenueInterest rate risk, Bank borrowings
💰 Fair Values of Financial Instruments
💰 Finance & RevenueFair value, Financial instruments
💰 Reconciliation of Net Profit After Tax with Cash Inflow from Operating Activities for 2000
💰 Finance & RevenueNet profit, Cash inflow, Operating activities, 2000
💰 Reconciliation of Net Profit After Tax with Cash Inflow from Operating Activities for 1999
💰 Finance & RevenueNet profit, Cash inflow, Operating activities, 1999
💰 Contingent Liabilities for 2000
💰 Finance & RevenueContingent liabilities, Guarantees, Legal action, 2000
💰 Contingent Liabilities for 1999
💰 Finance & RevenueContingent liabilities, Guarantees, Legal action, 1999