β¨ Financial Statements
THE LINES COMPANY LIMITED
Line Business Activity
Notes to the Financial Statements
For the Year Ended 31 March 2001
| | 2001
| | $'000 |
|----------------|-------|
| | 2000
| | $'000 |
NOTE 9 : LOANS
"Other" (The Lines Company Activities)
- 9,763
Perpetual
- 3,000
Bank of New Zealand Swaps
- 10,000
Total
- 22,763
| 2000 | |
|---|---|
| 9,763 | |
| 3,000 | |
| 11,000 | |
| 23,763 |
NOTE 10 : DEFERRED TAX
Fixed Assets
- 1,426
Accruals & Provisions
- (768)
Net
- 658
| 2000 | |
|---|---|
| 1,036 | |
| (503) | |
| 533 |
NOTE 11 : SHORT TERM LOANS
Bank of New Zealand Swaps
- 1,000
| 2000 | |
|---|---|
| 500 |
NOTE 12 : 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 Te Kuiti.
NOTE 13 : RELATED PARTY TRANSACTIONS
During the year company paid interest on subordinate debentures to Waitomo Energy Services Customer Trust of $79,745.
NOTE 14 : SUBSEQUENT EVENTS
As at year end the company had a capital commitment of $2.4m.
NOTE 15 : CASHFLOW RECONCILIATION WITH NET PROFIT
Net Profit after Tax and Customer Discount
- 1,562
Add: Non-cash items
Depreciation
- 1,451
| 3,013 | |
|---|---|
| 2,837 |
Add/Less: Movements in Working Capital
(Increase)/Decrease in Receivables
- (1,230)
(Increase)/Decrease in Stock
- (278)
Increase/(Decrease) in Creditors
- 3,281
Increase/(Decrease) in Provisions
- 310
Increase/(Decrease) in Other
- (707)
Net Movements
- 1,376
| 2000 | |
|---|---|
| 2,479 | |
| 358 | |
| 47 | |
| 0 | |
| 787 | |
| (1,061) | |
| 809 | |
| 582 |
Net cashflows from operating activities
- 4,389
| | 2000 |
| | 3,419 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2001, No 92
Gazette.govt.nz —
NZ Gazette 2001, No 92
β¨ LLM interpretation of page content
π
Notes to the Financial Statements for The Lines Company Limited
(continued from previous page)
π Trade, Customs & IndustryFinancial Statements, Loans, Deferred Tax, Short Term Loans, Segmental Information, Related Party Transactions, Subsequent Events, Cashflow Reconciliation