New Zealand Gazette – 2002 – No. 115

Page 3081

✨ Financial Statements



23 AUGUST
NEW ZEALAND GAZETTE
3081

  1. FINANCIAL INSTRUMENTS

The estimated fair values of the Company’s financial instruments are as follows:

Carrying Amount 2002 $000’s Fair Value 2002 $000’s Carrying Amount 2001 $000’s Fair Value 2001 $000’s
Cash and short term investments - - -

The following methods and assumptions were used to estimate the fair value of each class of financial instrument:

Cash, short term investments. The carrying amounts of these balances are equivalent to their fair value.

  1. RECONCILIATION OF NET SURPLUS AFTER TAXATION WITH NET CASH FLOW FROM OPERATING ACTIVITIES
2002 $000’s 2001 $000’s
Net surplus after tax 40,964 39,427
Non cash items:
Depreciation 17,237 16,099
Deferred tax 3,294 3,166
Asset write offs - 2,116
Movements in other working capital items:
(Increase)/decrease in debtors 3,601 (888)
(Increase)/decrease in interest receivable - -
(Increase)/decrease in stocks 36 (27)
Increase/(decrease) in creditors (3,892) 1,089
Increase/(decrease) in interest payable - -
(Increase)/decrease in tax asset 3,634 873
Items classified as an investing activity:
(Profit)/loss on sale of property, plant and equipment (33) (42)
Net cash inflow from operating activities 64,841 61,813
  1. CONTINGENT ASSETS AND LIABILITIES

There were no material contingent assets or contingent liabilities as at 31 March 2002 or as at 31 March 2001.



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2002, No 115


Gazette.govt.nz — PDF NZ Gazette 2002, No 115




✨ LLM interpretation of page content

💰 Fair Value Estimation of Financial Instruments

💰 Finance & Revenue
Financial Instruments, Fair Value, Cash, Short-term Investments

💰 Reconciliation of Net Surplus with Net Cash Flow

💰 Finance & Revenue
Net Surplus, Cash Flow, Operating Activities, Depreciation, Deferred Tax

💰 Contingent Assets and Liabilities

💰 Finance & Revenue
Contingent Assets, Contingent Liabilities