✨ Financial Statements Notes
NOTES TO THE FINANCIAL STATEMENTS
| 2001 | |
|---|---|
| $000 |
| 2000 | |
|---|---|
| $000 |
Note 8: Fixed Assets
Distribution assets
- At cost | 8,919 | 8,687
- Accumulated depreciation | (4,928) | (4,670)
- Total carrying amount of distribution assets | 3,991 | 4,017
Freehold land
- At valuation - 31 March 1999 | 0 | 0
- Total carrying amount of freehold land | 0 | 0
Freehold buildings
- At valuation - 31 March 1999 | 60 | 60
- At cost | 0 | 0
- Accumulated depreciation | (2) | (1)
- Total carrying amount of freehold buildings | 58 | 59
Motor vehicles
- At cost | 59 | 64
- Accumulated depreciation | (20) | (40)
- Total carrying amount of motor vehicles | 39 | 24
Plant and equipment
- At cost | 498 | 486
- Accumulated depreciation | (294) | (256)
- Total carrying amount of plant and equipment | 204 | 230
Consumer billing and information systems equipment
- At cost | 39 | 38
- Accumulated depreciation | (35) | (31)
- Total carrying amount of computer equipment | 4 | 7
- Total Fixed Assets | 4,296 | 4,337
The fair value of the land and buildings is not materially different from their carrying amounts.
Note 9: Reconciliation of CashFlow with Operating Surplus
Reported surplus after taxation | 218 | 115
Add Non Cash Items
- Depreciation | 313 | 308
- Change in deferred tax provision | 43 | 62
Changes in Working Capital
- Increase/(decrease) in accounts payable & accruals | 124 | (86)
- (Increase)/decrease in accounts receivable | 229 | (119)
- (Increase)/decrease in inventory | (9) | (11)
- Increase/(decrease) in employee entitlements | (4) | (4)
- Increase/(decrease) in provision for taxation | (102) | 100
- Increase/(decrease) in provision for dividend | (5) | 25
Other
- Net movements in other business * | 0 | 55
Items Classified as Investing Activities
- Net (surplus)/loss on disposal of fixed assets | 7 | 4
- Net Cashflow from Operating Activities | 814 | 449
- Relates to other business items utilising the avoidable cost methodology
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 129
Gazette.govt.nz —
NZ Gazette 2001, No 129
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Scanpower Limited Financial Statements for Lines Business
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🏭 Trade, Customs & IndustryFinancial Statements, Fixed Assets, Depreciation, Cash Flow, Operating Surplus