✨ Financial Report
14 AUGUST NEW ZEALAND GAZETTE 2281
The major property holding of the Line business comprised the depot complex at Glasgow Road and Nelson Street, Pukekohe. This property was valued as at 1 September 2000 by Value and Management Services Limited as part of a General Revaluation by the Franklin District Council. This valuation amounted to $1,975,000. The accounting book value in the Financial Statements in respect of this property as at 31 March 2001 was $1,857,000 (2000 $1,851,000).
Other properties with a total accounting book value amounting to $777,000 were not included in the above valuation.
11. RECONCILIATION OF NET PROFIT AFTER TAXATION WITH CASH INFLOW FROM OPERATING ACTIVITIES
| 2001 $000 | 2000 $000 | |
|---|---|---|
| Reported surplus after taxation | 3,765 | 4,825 |
Add non-cash items:
| | | |
| Depreciation | 3,057 | 2,829 |
| Movement in deferred tax | 397 | 288 |
| | 3,454 | 3,117 |
Add item classified as investing activity
| Net (gain)/loss on disposal of fixed assets | 15 | - |
Movement in working capital:
| Increase in accounts payable | 26 | 103 |
| (Decrease)/Increase in taxation payable | (13) | 13 |
| (Increase)/Decrease in taxation receivable | (884) | 468 |
| Decrease in accounts receivable | (779) | (2,201) |
| | (1,650) | (1,617) |
Net cash inflow/(outflow) from operating activities | 5,584 | 6,325 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 89
Gazette.govt.nz —
NZ Gazette 2001, No 89
✨ LLM interpretation of page content
💰 Property Valuation and Financial Reconciliation
💰 Finance & RevenueProperty Valuation, Financial Statements, Net Profit, Cash Inflow, Operating Activities