β¨ Financial Statements and Notes
12 AUGUST
NEW ZEALAND GAZETTE
2675
Interest rate risk
Interest rate risk exposure is limited to bank borrowings. The company has no interest risk hedge contracts.
Fair values
There were no differences between the fair value and carrying amounts of financial instruments as at 31 March 2002 (2001 - no difference).
12. Reconciliation
of net profit after tax with cash inflow from operating activities
| 2002 $000 | 2001 $000 | |
|---|---|---|
| Profit after taxation | 1,996 | 1,029 |
| Add / (less) non-cash items | 926 | 975 |
| Depreciation | ||
| Add item classified as investing activity | 10 | 18 |
| Capital Loss (gain) on sale of fixed assets | ||
| Movements in working capital | ||
| Increase / (decrease) in accounts payable | 7 | (182) |
| (Increase) / decrease in receivables | (244) | 70 |
| Net cash inflow from operating activities | $2,695 | $1,910 |
13. Contingent liabilities
| 2002 $000 | 2001 $000 | |
|---|---|---|
| a) Guarantee of bank facilities for a subsidiary to a limit of | 950 | 700 |
| At balance date the amount of the bank facilities so guaranteed was | - | - |
b) At any point in time the company will be investigating complaints or queries about various aspects of the service it provides to customers, or end-customers. In a number of these, action may be taken against the company. At 31 March 2001 and 2000 there was legal action being taken against the company that remains unresolved. The Directors have been advised that the company has good defence against the action being taken against it and that no provision for any loss is required in the financial statements.
Next Page →
Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2002, No 97
Gazette.govt.nz —
NZ Gazette 2002, No 97
β¨ LLM interpretation of page content
π°
Financial Instruments and Credit Risk Summary
(continued from previous page)
π° Finance & RevenueFinancial Instruments, Credit Risk, Bank Balances, Receivables, Credit Rating
π° Interest Rate Risk Exposure
π° Finance & RevenueInterest Rate Risk, Bank Borrowings, Hedge Contracts
π° Fair Values of Financial Instruments
π° Finance & RevenueFair Value, Carrying Amounts, Financial Instruments
π° Reconciliation of Net Profit After Tax with Cash Inflow
π° Finance & RevenueNet Profit, Cash Inflow, Operating Activities, Depreciation, Working Capital
π° Contingent Liabilities
π° Finance & RevenueContingent Liabilities, Bank Facilities, Legal Action, Customer Complaints