Financial Statements




THE LINES COMPANY LIMITED - LINE BUSINESS ACTIVITY

| | 2003
$'000' | 2002
$'000' |
|-------|------------|------------|

NOTE 6 : LOANS

"Other" (The Lines Company Activities)

9,763 9,763

Perpetual

3,000 3,000

Bank of New Zealand Swaps

8,000 9,000

Total

| | 20,763 | 21,763 |

NOTE 7 : DEFERRED TAX

Fixed Assets

6,579 1,346

Accruals & Provisions

(213) (229)

Total

| | 6,366 | 1,117 |

NOTE 8 : SHORT TERM LOANS

Bank of New Zealand Swaps

2,000 1,000

Total

| | 2,000 | 1,000 |

NOTE 9 : 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 Tē Kūiti.

NOTE 10 : CAPITAL COMMITMENT

As at year end the company had no capital commitment (2002: $484,000).

NOTE 11 : CASHFLOW RECONCILIATION WITH NET PROFIT

Net Profit after Tax and Customer Discount

790 875

Add: Non cash items

Depreciation

3,144 2,661

Total

| | 3,934 | 3,537 |

Add/Less: Movements in Working Capital

(Increase)/Decrease in Receivables 238 926
(Increase)/Decrease in Stock (270) (226)
----------------------------------- ------------ ------------
Increase/(Decrease) in Creditors 148 (154)
----------------------------------- ------------ ------------
Increase/(Decrease) in Provisions (457) 387
----------------------------------- ------------ ------------
Increase/(Decrease) in Other 459

| Total | 655 | 1,392 |

| Net cashflows from operating activities | 4,248 | 4,929 |



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Online Sources for this page:

VUW Te Waharoa PDF NZ Gazette 2003, No 111


Gazette.govt.nz PDF NZ Gazette 2003, No 111





✨ LLM interpretation of page content

💰 Notes to the Financial Statements for The Lines Company Limited (continued from previous page)

💰 Finance & Revenue
Financial Statements, Loans, Deferred Tax, Short Term Loans, Segmental Information, Capital Commitment, Cashflow Reconciliation, King Country, Tē Kūiti