✨ 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.



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2002, No 97


Gazette.govt.nz PDF NZ Gazette 2002, No 97





✨ LLM interpretation of page content

πŸ’° Financial Instruments and Credit Risk Summary (continued from previous page)

πŸ’° Finance & Revenue
Financial Instruments, Credit Risk, Bank Balances, Receivables, Credit Rating

πŸ’° Interest Rate Risk Exposure

πŸ’° Finance & Revenue
Interest Rate Risk, Bank Borrowings, Hedge Contracts

πŸ’° Fair Values of Financial Instruments

πŸ’° Finance & Revenue
Fair Value, Carrying Amounts, Financial Instruments

πŸ’° Reconciliation of Net Profit After Tax with Cash Inflow

πŸ’° Finance & Revenue
Net Profit, Cash Inflow, Operating Activities, Depreciation, Working Capital

πŸ’° Contingent Liabilities

πŸ’° Finance & Revenue
Contingent Liabilities, Bank Facilities, Legal Action, Customer Complaints