✨ Financial Statements
10 AUGUST
NEW ZEALAND GAZETTE
2209
HAWKE’S BAY NETWORK LIMITED - LINES BUSINESS
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2001
13 RESERVES
| 2001 | 2000 | |
|---|---|---|
| $000 | $000 | |
| Asset Revaluation Reserve | ||
| Balance at beginning of year | 49,964 | 41,735 |
| Revaluation Of Network Assets | 13,960 | - |
| Deferred taxation on asset revaluation | - | 8,383 |
| 63,924 | 50,118 | |
| Revaluation Of Land | - | -154 |
| Asset Revaluation in Relation to Land Sold | (281) | - |
| Balance as at 31 March | 63,643 | 49,964 |
14 RETAINED EARNINGS
| 2001 | 2000 | |
|---|---|---|
| $000 | $000 | |
| Balance at beginning of year | (1,755) | 773 |
| Net Surplus (Deficit) | 2,654 | 3,472 |
| Transfer to Share Capital (Refer Note 7) | - | (6,000) |
| Asset Revaluation in Relation to Land Sold | 281 | - |
| 1,180 | (1,755) |
15 RECONCILIATION OF REPORTED NET OPERATING SURPLUS AFTER TAX WITH NET CASH FLOWS FROM OPERATING ACTIVITIES
| NET OPERATING SURPLUS (DEFICIT) AFTER TAXATION | 2001 | 2000 |
|---|---|---|
| $000 | $000 | |
| NET OPERATING SURPLUS (DEFICIT) AFTER TAXATION | 2,654 | 3,472 |
PLUS: Non Cash/ Non Operating Items
| Building Revaluation | - | 2,113 |
| (Gain)/Loss On Asset Sales | 141 | (85) |
| Depreciation | 4,908 | 4,688 |
| | 7,703 | 6,716 |
PLUS (LESS) Movements in Working Capital:
| Decrease (Increase) in Receivables and Prepayments | 274 | (551) |
| Decrease (Increase) in Inventories | 148 | (651) |
| Increase (Decrease) in Accounts Payable, Accruals and Employees Entitlements | 817 | 1,166 |
| Increase (Decrease) in Taxation Payable | 960 | (828) |
PLUS (LESS): Other Movements
| Increase (Decrease) Deferred Taxation Liability | - | (2,095)|
| Net Cash Inflow From Operating Activities | 9,502 | 7,249 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 85
Gazette.govt.nz —
NZ Gazette 2001, No 85
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